Instant ROI With a $1.2M Tax Credit in Post-Acquisition Due Diligence

Instant ROI With a $1.2M Tax Credit in Post-Acquisition Due Diligence

When you’re buying a small business, it can be hard to find affordable due-diligence help with the expertise you need. That was the struggle Boston-based buyer Matt Hogan confronted, particularly when it came to financial help. An experienced buyer with a focus on purchasing medical-services businesses, he found that few local accountants had the industry expertise he needed, both for due diligence and post-sale, as he looked to improve profitability in his acquisitions.

In the past, Hogan had tapped his own rolodex and networked to find CPAs to help him analyze the financials of previous acquisitions. He’d connected with financial pros this way, but felt he overpaid and didn’t get the individualized attention he needed. He followed several Facebook groups about M&A and contacted some of the accountants he saw posting there, but found their fees “too expensive for what I got.”

In 2021, a potential investor in one of his acquisitions told him about DueDilio founder Roman Beylin and the network of M&A due diligence experts he’d built. It turned out to be a fortuitous introduction that connected Hogan with an accounting team he needed to institute better reporting systems at a medical-services acquisition.

That team ended up exceeding all Hogan’s expectations. He reports the financial team went above and beyond their assigned duties to help him identify a lucrative opportunity that more expensive providers who’d reviewed the deal never spotted.

A First-Time Business Buyer Saves $200K–With Help From 3 DueDilio Professionals

A First-Time Business Buyer Saves $200K–With Help From 3 DueDilio Professionals

In February 2022, Menon began his search to acquire a business that fit his budget and his interests. Some major issues were revealed during due diligence on his acquisition that led to Menon cutting his offer price.

Fortunately, a trio of DueDilio professionals in finance, legal, and technical due diligence were on hand to keep the deal from going off the rails. With his due-diligence team’s help, in September 2022, his seller accepted his lowered offer–and Menon achieved his dream of becoming a first-time business owner.

Read on for full details on how Menon found the right business for his interests and budget, and navigated a complex due diligence journey.