Seller Add-Backs

May 17, 2025
by a searcher from Thunderbird School of Global Management in Salt Lake City, UT, USA
"When I’m reviewing a seller’s adjusted EBITDA, I often see add-backs that make earnings look stronger. As a buyer, what are some smart add-backs I should be making on my end — things that might reverse seller adjustments or reflect real operating costs post-close? How do you typically separate what's truly discretionary from what’s essential to run the business?"
from University of Tromsø in Dover, Delaware, USA
from Seattle University in Seattle, WA, USA