Transaction Advisory Services
Major decisions deserve expert advising. Corrigan Krause is here to guide and support you as you build a future for your business.The Experts in Transaction Advisory at Corrigan Krause
Whether you're a financial sponsor or strategic investor looking to acquire a company or an investment banker or family business looking to sell a company, you know financial due diligence is a critical component of the acquisition process. Inconsistent application of accounting policies and business practices as well as variable quality of data and capital structures make measuring core profitability, evaluating risks, and comparing similar companies across industries a major challenge.
Corrigan Krause provides the Transaction Advisory expertise you need to ensure you have a clear understanding of the target company's financial health and potential risks prior to the sale or purchase of a company.
Our expert Steve Miller, CPA, has experience across a multitude of industries and will work to ensure you have peace of mind regarding the financial complexities of your transaction whether you are a buyer or a seller in the M&A process.
Available Services
- Quality of earnings
- Net working capital and debt analyses
- Operational business analyses in anticipation of future sale (Pre-Sale QofEs)
- Purchase agreement assistance
- Post-transaction assistance
- Business diligence
- Cash to accrual conversions
- Tax diligence
- Valuation services
Choose a Firm the Specializes in Transaction Advisory
Corrigan Krause experts help you navigate major transactions with your business in a number of ways:
Quality of Earnings
- Adjust reported earnings to reflect normalized view of EBITDA to be used in valuation discussions
- Prepare recast P&L to show historical income statements after adjustments are pushed through and understand resulting trends
- Develop pro forma adjustments to show the potential impact to the Company's financial statements should acquisition synergies materialize
Purchase Agreement and Post-Transaction Assistance
- Draft accounting principles and other financial clauses in the SPA
- Perform Quality of Earnings rollforwards to determine whether the Target maintained a consistent level of earnings or whether the seller is compliant with the terms listed in their earn out
Pre-Sale QofEs
- Perform "Pre-sale QofEs" to give sellers a view of where adjusted EBITDA currently sits prior to exploring a sale
- Provide sellers with a "buy-side hat" to show what hesitations a potential buyer may have and give ample time for sellers to rectify them before going under LOI
Business Diligence
- Perform revenue and profitability analyses disaggregated by customer, SKU, line of service, or any other relevant metric, to evaluate risks and opportunities below the surface level financial statements
- Perform percentage of completion lookback analyses to determine how financial statements would differ with perfect hindsight rather than with estimates made at that time
Net Working Capital and Debt Analyses
- Define the net working capital target and assist in calculation of the post-close adjustment
- Define debt and debt-like items
Valuation Services
- Assess the Company's financial health and market value
- Provide valuation reports to help determine a fair selling price
Cash to Accrual Conversions
- Convert cash basis financial statements often used for tax purposes to GAAP basis which will be required post-transaction
Tax Diligence
- Advise on tax-efficient ways to structure the sale (e.g. asset sale vs stock sale)
- Help minimize capital gains tax and other tax liabilities
- Ensure compliance with IRS regulations and state tax laws
Meet Steven Miller, CPA
Transaction Advisory Services Senior Manager at Corrigan Krause
Steven joined Corrigan Krause in 2025 as our Transaction Services Senior Manager. Prior to Corrigan Krause, Steven was a Transaction Advisory Director at a a top 10 accounting firm specializing in Quality of Earnings and Net Working Capital analyses across many industries. Prior to entering transaction advisory he was a Senior Associate at a Big 4 accounting firm. He’s passionate about helping his clients achieve their goals as transactions are typically a major moment in his clients' lives.
Steven earned his Bachelor of Science in Accounting from Miami University, with a minor in Information Systems & Analytics. In his free time you may catch him in his neighborhood of Gordon Square with his wife Sarah and his two French bulldogs. He likes to spend his free time on the basketball and tennis court or out west skiing in the winter.