Deal Team

October 11, 2023

by a searcher from University of Maryland at College Park in South Bend, IN, USA

Hi all - I'm curious about what professionals people have included in their deal teams in early stages/first deals.

Specifically, I know you want a lawyer, accountant, lender... does anyone normally pull in a financial consultant/advisor? Cert valuation analyst? Others I'm not considering? Or are these functions that would really be redundant and/or covered by others? If you do get them on board, at what point in the process and at what scope? I'm asking specifically for my first deal, which will be on the relatively small side ($1mm cash flow)

Thanks!

Reply by a searcher
from Eastern Oregon University in Salem, OR, USA

At the LOI acceptance I have my attorney and banker at the ready. Quality of earnings is a recommendation especially as the deals get bigger, but those can be expensive. My attorney suggested contacting a CFO for part time work instead if you are trying to save money but still want to do your part of due diligence as the purchase goes through.

Reply by a professional
from Clarkson University in Orlando, FL, USA

Operations / Operating Partner — for complex or niche deals, bringing them in early helps uncover real operational issues and opportunities. It’s a way to strengthen the investment, no matter the hold period or structure.

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