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
