Case Study
Acquisition Enhancement
- Matthew Edwards
Manufacturing
INDUSTRY
50
EMPLOYEES
$50M
ANNUAL REVENUE
Background
A private equity firm acquired a manufacturing company that holds patents for advanced technology used in optimizing the pallet assembly process. The firm engaged S+H Consulting to lead the accounting for their acquisition.
Objective
- Prepare the opening balance sheet reflecting the outcome of the acquisition, including necessary journal entries to record the transaction under new ownership
- Develop a comprehensive intangible asset valuation report, including supporting schedules for customer lists, non-compete agreements, patents, and trade names
Solution
- Prepared the opening balance sheet workbook, utilizing client financial data and merger documents, to outline the accounting entries required to reflect the transaction in the new company’s records
- Determined the fair value of identifiable intangible assets acquired through the acquisition
- Compiled an intangible asset valuation summary report for client auditors, detailing the assumptions and methodologies used to establish the fair value of intangible assets as of the acquisition date
Provided GAAP-compliant accounting entries for an acquisition, ensuring timely delivery and audit-ready support to the highest industry standards.
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Knowledge Hub
Forensic Accounting
Streamlining Year-End Closures and Reconciliations
Acquisition Enhancement
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