A $20 million private transportation company acquired a competitor of comparable size.
Because the target company’s files were not sufficiently up-to-date, the buyer was unable to understand fully the accounting implications of the seller’s most recent transactions and their effect on fair value.
After reviewing and organizing the seller’s files, Blythe Global created supporting documentation that illustrated the short- and long-term effects of all recent transactions on debt, cash flow and profitability.
These analyses enabled the buyer’s external audit team to conduct an efficient audit and freed the buyer to focus on running the business. They also helped streamline the consolidation of files and processes – enabling the acquisition to get off to a fast and successful start.