Transaction Advisory Services


Smith Leonard provides a broad range of services including:

  • Buy-side due diligence and quality of earnings reports
  • Sell-side due diligence to get ready for a potential sale
  • Lender due diligence and quality of earnings reports

Our services include financial and tax due diligence, as well as assistance with post-acquisition services.  We focus on the most significant factors affecting deals and the associated risks with the transaction.  We tailor our approach to fit your needs.  We work with you to identify and customize the procedures to accomplish your objectives and eliminate surprises.

Transaction Assistance

  • Cost/benefit & cash flow impact analysis
  • Letter of intent terms including the working capital target
  • Purchase price and earn-out provisions
  • Tax advantage structures
  • Financing alternatives
  • Review of agreements & closing documents

Financial Due Diligence

  • Quality of earnings reports
  • Working capital analysis
  • Sales and production backlog analysis
  • Financial policies and procedures analysis
  • Financial reporting systems assessment
  • Internal control & best practices recommendations
  • Forecast & cash flow analysis

Tax Due Diligence

  • Federal, state & local tax exposures
  • Tax structure analysis
  • Post-acquisition tax minimization
  • Loss carryforward (Sec. 382) limitation analysis

Post-Acquisition Services

  • Establish open balances
  • Purchase price adjustments
  • Verify earn-out payments
  • Dispute arbitration support
  • Integration services

Sell-Side or Defensive Due Diligence Services

  • Evaluate (improve) the accuracy of financial information to share with suitors
  • Identify adjustments to EBITDA, including favorable adjustments that buyers won’t point out
  • Ascertain potentially contentious issues
  • Collaborate with other trusted advisors to eliminate or minimize potential risks
  • Bring an objective view to the company’s business
  • Identify cost saving measures to increase EBITDA ahead of a transaction

To begin a conversation around transaction advisory or to receive assistance with a transaction, contact SL Transaction Advisory Services team leader Darlene Leonard

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