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Private Equity

Private equity firms seeking new targets and large numbers of Baby Boomers leaving the workforce are just two of many trends contributing to increase M&A activity in the middle market.

AGH’s more than 75 years of experience as a trusted advisor for middle-market companies, combined with deep corporate finance and financial management expertise, delivers unique insight to help private equity firms acquire, manage, improve profitability and divest portfolio companies.

Benefits

  • Full-service capability – AGH has the technical resources and professionals to assist throughout the entire transaction, from acquisition to divestiture. We help evaluate opportunities through a risk-management approach to help formulate the right strategy for capturing the best value from the transaction.
  • Efficient and cost-effective resources – Our team of professionals understands that timing is everything and there is no “one-size-fits-all” approach in transactions. We develop a customized, cost-effective approach tailored to your needs and delivered on time.
  • Team approach – AGH believes in relationships with clients. While we are dedicated to a team approach, we understand the value of having one key contact at AGH. Although a transaction may tap into a variety of AGH’s resources, our team approach limits redundancy in communications to streamline your experience.
  • AGH is not location-restricted. AGH’s client base is represented in 48 of the 50 states with US and international owners. No matter where a deal takes you, AGH will be there.

See recent case studies and sample projects.

Issues commonly identified in private equity transactions include inaccurate accounting, non-compliance within state and local tax, unsophisticated IT systems and sustaining employee buy-in. AGH has the tools to assist in these and many other situations critical to make a transaction successful.

Our services for private equity firms and their portfolio companies fall into several broad categories:

Services include, but are not limited to:

  • Buy-side due diligence
    • Assess earnings and cash-flow quality
    • Analyze the expected assets acquired and liabilities assumed
    • Evaluate recent and historical working capital
    • Identify weaknesses in internal control and personnel
    • Analyze the target’s financial projection analyses; review the purchase agreement
    • Employee benefit reviews and risk assessments
  • Sell-side due diligence
    • Identify and remediate, if possible, risks early to accelerate time to close
    • Improve accuracy of historical and projected financial information for inclusion in marketing materials
    • Provide a buyer with a transparent, objective and credible view of the business
    • Identify positive and negative adjustments that impact EBITDA
    • Establish working capital targets and review net working capital prepared by the buyer
    • Assist internal management with experienced resources to complete the transaction
    • Increase competition between buyers and minimizing buyer negotiations after the letter of intent
    • Maximize after-tax proceeds by addressing risks and optimizing the deal structure
  • Transition and management services
    • Outsourced accounting, CFO, HR, IT and other management assistance on a temporary, long-term or permanent basis.
    • Strategic planning facilitation focusing on any of the following: customer retention, employee retention, and organizational alignment within the culture
    • Executive coaching
    • Retirement plan termination or conversion
    • Payroll and HR information systems conversion or upgrades

Industry Team Leaders

Gerald Capps

Senior Vice President
State and Local Tax Services
Private Equity Team Leader

Patrick Lowrance

Senior Manager
Assurance Services
Manufacturing Industry Team Leader