At Lakeside Acquisitions we understand that no two companies and no two deals are the same.
We take the time to understand the nuances and intricacies of your business in order to represent you successfully.
We prepare for the inevitable hurdles that come with finding the right deal at the right price, allowing us to navigate each step of the process as efficiently as possible. We typically refer to ourselves as “the quarterback” of the deal, working in tandem with you, your attorney and your accountant to execute the strategic “game plan”.
The Process
1. Consultation Call
Introductory call between you and the Lakeside team to learn more about your business and exit strategy goals. We explain our process and provide insights into today’s M&A market.
2. Engagement Agreement
Our engagement agreement consists of an initial 12-month contract term. We take a long-term strategic advisory approach to ensure your business is sold to the right buyer at the right terms on your timeline.
3. Quality of Earnings Report
As part of our engagement fee, Lakeside partners with a specialized third-party accounting firm to compile a sell-side quality of earnings report (“QofE”) to substantiate historical profitability and other key performance indicators.
4. Market Preparation
Lakeside discusses valuation expectations so you can determine if now is the right time to go to market. Lakeside builds out a targeted buyer list and comprehensive marketing materials for your review and approval.
5. First Round Offers
Lakeside sets a bid day four to six weeks after going to market. All buyers must submit a high-level indication of interest letter (“IOI”) on the bid day deadline. We review all offers with you and invite select buyers to management meetings.
6. Management Meetings
Meetings and site visits with each prospective buyer to answer additional questions and determine a best fit for your company.
7. Final Offers
Deadline for buyers to submit a letter of intent (“LOI”) including all material terms of sale such as price, structure, financing contingencies, due diligence timeline, transition plans, and closing. Final bids are due two weeks after the first round offer deadline.
8. Negotiation
We lead and manage all of the buyer discussions, negotiating terms on your behalf until we have an agreement and executed letter of intent from both parties.
9. Due Diligence
Buyer performs a thorough review of your company over a three to four month period. Lakeside leads weekly status meetings to keep closing on track, mitigate buyer concerns and protect LOI price and terms.
10. Coordination & Closing
Lakeside and specialized M&A attorneys coordinate all necessary legal documents and information to close and complete the sale.
Let us achieve maximum value for your company.
Schedule a call