Preparing an Accounting Services Firm for Sale

Company sold for 14X EBITDA

The Company: Provider of accounting services to long-term care facilities

The Issue: Pre-sale Due Diligence – prepare the company for a sale

The Work:

• Performed internal due diligence and created a gap list
• Managed the conversion of the accounting method from Cash to Accruals, and oversaw the company’s first annual audit
• Managed the creation of service agreements and all other legal documents needed for customer and supplier relationships
• Interfaced with M&A consultants to provide and explain all due-diligence information
• Worked with the Seller’s corporate attorneys to negotiate transaction terms & conditions, and to close the sale to an ESOP
• Supported ESOP implementation
• Assisted in hiring a corporate CFO