Case Study
Astra Service Partners collaborated with Anqora Consulting to standardize finance operations, optimize procurement, and modernize technology systems, unlocking cost savings and scalable growth across its network of 32 companies.
Astra Service Partners is a national platform of mechanical service providers specializing in commercial and industrial HVAC, refrigeration, and building systems services. Backed by Alpine Investors, Astra operates in over 20 U.S. states, serving mission-critical sectors such as healthcare, education, and data infrastructure.
With more than $1 billion in annual revenue and 32 acquired companies, Astra represents one of the largest HVAC service platforms in the United States. Astra Service Partners is now positioned for sustainable, scalable growth. Anqora’s partnership enabled the platform to realize value from acquisitions, optimize performance, and establish a foundation for ongoing operational excellence.
32
Companies standarized
7-Figure
Cost savings
ERP
Modernization
AR
Standarization
IMPACT
Through a coordinated transformation across finance, procurement, and operations, Astra standardized financial operations across its 32 companies and achieved significant cost savings in high-spend categories.
The company centralized financial control through ERP modernization and gained enhanced visibility into working capital and spend drivers. As a result, Astra Service Partners is now positioned for sustainable, scalable growth. Anqora’s partnership enabled the platform to realize value from acquisitions, optimize performance, and establish a foundation for ongoing operational excellence.
THE CHALLENGE
Astra, a multinational network of companies, experienced rapid, acquisition-driven growth that created significant integration challenges. As the company expanded, it struggled with fragmented accounts receivable processes that led to inconsistent DSO and limited visibility.
Disjointed supplier relationships and procurement processes made it difficult to achieve cost leverage, while limited control over ERP systems and spend data restricted scalability. At the same time, inconsistent travel and expense practices lacked centralized oversight, complicating efforts to standardize operations across the organization.
OUR APPROACH
Anqora Consulting partnered with Astra’s executive leadership and Alpine’s value creation team to design and execute a coordinated finance and operational transformation program focused on efficiency, visibility, and scalability.
As part of this initiative, Anqora implemented a standardized accounts receivable operating model across all 32 companies, unifying invoice and collections processes, introducing shared best practices, and recommending automation opportunities. A centralized AR playbook was developed to ensure continuous rollout and consistency across the network, resulting in improved DSO tracking and stronger collection discipline across regions.
To drive cost efficiency, Anqora launched strategic sourcing initiatives aimed at consolidating spend and unlocking enterprise-level savings. Purchasing was aggregated across key categories such as fuel, fleet, HVAC parts, safety equipment, and MRO, supported by volume-based supplier agreements and national pricing programs. These efforts delivered early-stage seven-figure savings in fuel and telecom, with additional programs currently under negotiation.
In parallel, Astra’s finance technology stack was modernized to enhance control, integration, and scalability. The company migrated to a dedicated Sage Intacct ERP instance, redesigned data governance and reporting structures, and rolled out Ramp to automate travel and expense management while ensuring policy compliance. This modernization established a scalable and integrated platform that significantly improved financial visibility and operational control across the organization.
……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………….