Transaction Advisory Services | Transaction Support

Integrated Due Diligence Built For The Middle Market

Whether you're acquiring a platform, evaluating an add-on, or preparing your business for sale, GBQ's Transaction Advisory Services team delivers the independent, detailed analysis deal participants need to move forward with confidence. Our financial, tax, SALT, and IT diligence workstreams work as a single, integrated engagement, giving buyers, sellers, and lenders a clear view of earnings quality, working capital, tax exposures, and technology risks before they get to the closing table.

The best transaction strategies are built on a complete understanding of what is being bought or sold. Not just the reported financials, but the sustainability of earnings, the adequacy of working capital, the tax exposures that could survive the close, and the technology that has to perform on Day 1. GBQ's Transaction Advisory Services team evaluates all these dimensions across buy-side and sell-side engagements, delivering quality of earnings analyses, net working capital assessments, federal and state tax diligence, and IT risk reviews that give deal teams the clarity they need from the letter of intent through post-close. Explore each of our diligence workstreams below.

The Strategy Behind Your Biggest Transaction

GBQ's Transaction Advisory professionals work on transactions from early planning through post-closing integration. We combine valuation, tax, and advisory services, so we’re looking at how valuation affects deal structure, how deal structure affects tax, and how all of it affects what you actually achieve. Keep reading to learn more about how we help clients execute the strategy behind their biggest transaction. Or, click here to request a consultation today.

Pre-Letter Of Intent (LOI) Screening & Target Assessment: Before you sign a letter of intent (LOI), GBQ's Transaction Advisory Services team gets to work performing a focused preliminary review to help you evaluate the opportunity. We assess the target's financial profile at a high level, flag potential areas of concern, and give you a read on whether the deal warrants a full diligence commitment.
Sell-Side Readiness & Diligence: The Transaction Advisory Services team at GBQ works with sellers and their advisors to prepare for and navigate the diligence phase of a sale process. Our team coordinates directly with your attorneys and investment bankers to ensure consistency across workstreams and reduce the burden on ownership and management, helping you stay focused on running the business while we handle the analytical demands of the transaction.
Financial Due Diligence: GBQ's financial diligence team performs a thorough analysis of the target's historical and go-forward financial performance. Core procedures include quality of earnings analysis and EBITDA normalization, income statement and balance sheet analysis, customer and product concentration reviews, margin analysis, cash proof analysis, net working capital evaluation with post-closing mechanism support, and identification of debt and debt-like items.
Tax Due Diligence: As an extension of GBQ's Transaction Advisory Services team, our firm's federal tax professionals review the target's federal and state income tax position to uncover exposures that could affect the transaction. Our scope covers legal entity structure on a historical and go-forward basis, income tax return analysis, evaluation of uncertain tax positions and known exposures, review of credits, incentives, and abatement agreements, independent contractor classification considerations, unclaimed property compliance, and assessment of any material tax matters that warrant attention before closing.
State & Local Tax Diligence: GBQ's dedicated SALT team maps the target's tax compliance footprint to determine where obligations exist and where exposure may be building. As an extension of the firm's Transaction Advisory Services team, our state and local tax professionals evaluate where the target does business, where employees and property are located, and how those facts align with current filings. Our review extends to sales and use tax, property and real estate tax, and other non-income-based obligations, with a focus on quantifying risk that should be addressed in the transaction.
IT Diligence: The Transaction Advisory Services team at GBQ assesses the target's technology environment relative to the buyer's current programs, looking at infrastructure risks, integration opportunities, and the milestones required for a successful combination. Our team works with IT leadership to document the desired future state, identify near-term and longer-range investment needs, evaluate cost savings from systems consolidation, and flag compliance, contractual, and migration risks that the combined entity will need to manage.
Deal Structuring and Purchase Agreement Support: As diligence findings come together, GBQ's Transaction Advisory Services team works alongside your legal counsel to ensure findings are appropriately reflected in the financial provisions of the purchase agreement. Our tax team also provides structuring guidance to help evaluate the tax implications of different transaction approaches, so the deal is structured in a way that aligns with your broader financial objectives.
Post-Close & Purchase Price Adjustments: After the deal closes, there are financial matters that still need to be resolved. GBQ's Transaction Advisory Services team supports the settlement of closing adjustments, assists with purchase price allocation, and helps resolve disputes when the parties disagree on post-close calculations.

Whether you’re planning an acquisition or navigating a complex deal, we can help you protect value and achieve your objectives. Keep reading to find out if it's time to call in GBQ's Transaction Advisory Services team for assistance.

Let's Get To Work

Evaluating An Acquisition

Whether you're a buyer evaluating a potential platform or an add-on, the period around LOI execution is when independent diligence becomes critical. GBQ's TAS team steps in to analyze the target's financials, identify risks, and ensure you have the information you need before commitments are made.

Diligence for PE Sponsors

Add-on acquisitions move fast and often have compressed timelines. GBQ has the bandwidth and experience to mobilize quickly — delivering quality of earnings, tax, SALT, and IT diligence within sponsor-driven timelines.

Preparing for Sale

The best time to engage a diligence advisor is before the process starts. GBQ helps sellers identify the issues that will surface in buyer diligence, organize financial data, and build a defensible earnings narrative that supports your asking price.

Tax & SALT Exposure

If the target operates across multiple states, has complex entity structures, or has never been through a transaction before, unidentified tax exposure can materially affect deal value. GBQ's tax and SALT teams evaluate positions so exposures are quantified and addressed before close.

Closing & Post-Close Support

Purchase agreement negotiations, working capital mechanisms, and post-close true-ups all require analytical precision. GBQ helps settle financial provisions, prepare the opening balance sheet, and resolve purchase price disputes.