The master narrative

Six programs. Five KPIs. One operating thesis.

Every lever Portco Solutions pulls across a portfolio company — purchasing, fuel, energy, waste, insurance, captives, benefits strategy, PEO/ASO/EOR structure, payroll, and HR — feeds the same handful of numbers your fund is underwriting to: Cash Flow, ROIC, MOIC, EBITDA, and IRR. This page is the map of how they connect.

The operator-grade mapping

How each lever moves all five KPIs

This is the level of detail PE operating teams actually work from — not just "we cut costs," but exactly which line and exactly which metric.

Purchasing & Procurement

Cash FlowLower cost of goods, vendor consolidation, better terms (net-30 → net-60)
EBITDADirect margin expansion
MOICStructural cost reduction → higher enterprise value
ROICLower capital tied to inventory
IRRFast implementation → rapid value creation

Fuel Procurement

Cash FlowLower per-gallon cost, rack pricing access, reduced slippage & fraud
EBITDALower cost per mile or per job
MOICStructural cost reduction → higher enterprise value
ROICLower capital tied to fuel reserves
IRRImmediate savings → accelerated IRR

Energy & Utilities Optimization

Cash FlowLower utility rates, demand management, contract optimization
EBITDAReduced operating overhead
MOICStructural cost reduction → higher enterprise value
ROICLower cost of operations
IRRFast implementation → rapid value creation

Waste Procurement

Cash FlowLower hauling fees, consolidated vendor contracts
EBITDALower operating overhead
MOICStructural cost reduction → higher enterprise value
ROICLower cost of waste operations
IRRImmediate savings → faster value creation cycles

Workers' Comp Insurance

Cash FlowPremium reduction, better class codes
EBITDALower WC costs → direct margin lift
MOICLower operating costs → higher enterprise value
ROICLower cost of capital tied to risk
IRRImmediate savings → faster value creation

Commercial Insurance

Cash FlowLower premiums, consolidated policies
EBITDAReduced insurance overhead
MOICLower operating costs → higher exit multiple
ROICLower capital tied to reserves
IRRRapid implementation → accelerated IRR

Captive Program Evaluation

Cash FlowLower long-term premium costs, dividends returned to the company
EBITDAReduced insurance spend
MOICStructural cost reduction → higher enterprise value
ROICCapital efficiency through retained risk
IRRCaptive returns accelerate IRR

Benefits Strategy — funding, plan design, wellness & claims navigation

Cash FlowLower monthly outflows, reduced claims volatility, lower pharmacy spend
EBITDALower benefits spend → margin expansion; claims redirection → lower medical loss ratio
MOICStructural cost reduction → higher enterprise value
ROICLower cost of benefits → higher return on invested capital
IRRImmediate savings → faster value creation cycles

See the full Benefits Strategy breakdown →

PEO / ASO / EOR Evaluation

Cash FlowLower HR overhead, lower workers' comp premiums, lower benefits costs
EBITDAReduced administrative overhead, lower insurance costs
MOICStructural cost reduction → higher enterprise value
ROICLower cost of HR operations
IRRFast implementation → rapid value creation

See the full PEO/ASO/EOR evaluation →

Payroll, HR administration, and ongoing vendor management run underneath every lever above — they're the connective tissue that keeps savings from eroding after the first year.

The chain reaction

How one dollar of savings moves all five numbers

The programs above don't improve one metric in isolation — they move through the P&L in a predictable sequence.

Step 1

Cost comes out, cash goes up

A durable reduction in fuel, benefits, payroll, or vendor spend shows up immediately as freed-up Cash Flow — before anything else changes.

Step 2

EBITDA and ROIC move together

The same savings flow straight to EBITDA, and because invested capital hasn't changed, ROIC rises in lockstep.

Step 3

MOIC and IRR capture it at exit

Durable EBITDA gets capitalized at your exit multiple, expanding MOIC — and the sooner it happens, the more it lifts IRR.

Why this matters more in a PE hold

The multiplier effect on enterprise value

A dollar of OpEx removed doesn't just help this year's P&L — it flows to EBITDA, and EBITDA gets multiplied by whatever multiple the platform trades at.

$1.2M
ANNUAL OPEX REDUCTION
×
7x
EXIT MULTIPLE
=
$8.4M
ENTERPRISE VALUE CREATED

Illustrative example only. Actual results depend on your platform's specific multiple, deal structure, and how durable the underlying savings are.

5
KPIs improved by the same operating platform
6
Programs deployed across every portfolio company
Day 1
Programs available at close, not after integration
Let's talk value creation

See the KPI that matters most to your fund right now.

Each metric has its own deep-dive, calculator, and case study.

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Cash Flow · ROIC · MOIC · EBITDA · IRR