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  • Empowering Businesses through Transformative Journey

    Empowering Businesses through Transformative Journey

    Whitman Transition Advisors: Empowering Businesses through Transformative Journeys 

    Change is an inevitable aspect of the business landscape, and organizations often find themselves at crossroads when navigating through transformative transitions. At Whitman Transition Advisors, we understand the complexities and challenges that come with such transitions, and we are passionate about guiding businesses toward success during these critical phases.

    🌟 Embracing Change as an Opportunity 🌟

    As the world evolves, businesses must adapt to stay ahead of the curve. Whitman Transition Advisors believes that every transition, be it a merger, acquisition, restructuring, or strategic growth, can be viewed as an opportunity for positive change. Our approach revolves around helping organizations embrace these changes with confidence and drive transformation that leads to sustainable growth.

    mktgandseo

    August 11, 2023
    Uncategorized
  • Smooth Sailing Ahead: Navigating Business Transitions with Whitman Transitions Advisors

    Smooth Sailing Ahead: Navigating Business Transitions with Whitman Transitions Advisors

    Your Trusted Partner for Seamless Business Transitions

    Business transitions, whether it’s starting a new venture or passing the baton to a successor, are pivotal moments that can shape the future success of your company. Navigating through these transitions requires a skilled hand, keen insights, and a wealth of experience. That’s where Whitman Transitions Advisors comes in – your trusted partner to ensure a seamless journey through the ever-changing business landscape.

    Who is Whitman Transitions Advisors?

    Whitman Transitions Advisors is a leading advisory firm specializing in guiding businesses through critical transition phases. With a team of seasoned professionals, they offer a wide range of strategic services, empowering clients to make informed decisions and capitalize on opportunities during these pivotal moments.

    The Importance of Expert Guidance

    Navigating business transitions can be a complex and challenging process. Entrepreneurs and business owners often face numerous uncertainties, emotional decisions, and intricate financial considerations. Engaging with an experienced advisory firm like Whitman Transitions Advisors can make all the difference.

    Services Offered

    Business Planning and Strategy: Whitman Transitions Advisors work closely with clients to develop comprehensive business plans and strategies that align with their goals and vision. Whether you’re starting a new venture or looking to scale up, their expert guidance ensures your roadmap is clear and achievable.

    Mergers and Acquisitions:

    Considering mergers, acquisitions, or selling your business? The team at Whitman Transitions Advisors provides meticulous analysis, valuation, and negotiation support to maximize the value of your transaction.

    Succession Planning:

    For family businesses or companies looking to ensure a smooth transition of leadership, their succession planning services help identify and groom the right successors, preserving the legacy while driving sustainable growth.

    Financial Management and Analysis:

    Understanding the financial health of your business is crucial during transitions. Whitman Transitions Advisors offer in-depth financial analysis, risk assessment, and proactive solutions to optimize your financial performance.

    Client Pitching and Branding:

    When venturing into new markets or expanding your client base, having a strong brand presence is vital. Whitman Transitions Advisors assist in creating compelling pitches and effective branding strategies to captivate potential clients.

    Why Choose Whitman Transitions Advisors?

    Experience and Expertise: With decades of experience across various industries, Whitman Transitions Advisors boasts a team of experts who understand the intricacies of business transitions.

    Tailored Solutions:

    They recognize that every business is unique, and thus, they tailor their services to meet specific needs, ensuring a personalized approach for each client.

    Proven Track Record:

    Whitman Transitions Advisors has a proven track record of successful business transitions and satisfied clients, further solidifying their reputation as a reliable partner.

    mktgandseo

    August 2, 2023
    Uncategorized
  • Navigating Financial Success: How Our Accounting Firm Ensures Your Prosperity

    Navigating Financial Success: How Our Accounting Firm Ensures Your Prosperity

    In the fast-paced and ever-changing world of business, sound financial management and expert accounting services are paramount to the success of any organization. At Whitman Transition Advisors, we take pride in being a reliable partner in your journey toward financial prosperity. With years of experience and a team of dedicated professionals, we offer a comprehensive range of accounting services tailored to meet your unique needs. In this article, we will delve into how our accounting firm can help you navigate the complexities of financial management and drive your business toward enduring success.


    Expert Financial Advisory:

    At Whitman Transition Advisors, we believe that every business requires a solid financial foundation to thrive. Our team of seasoned financial advisors works closely with clients to understand their specific goals, challenges, and opportunities. We provide strategic insights and actionable recommendations to optimize your financial resources and drive growth. Whether you are a startup looking to secure funding or an established enterprise seeking expansion, our expert guidance can make a difference in achieving your ambitions.

    Precise Bookkeeping and Accounting:

    Accurate and up-to-date financial records are the bedrock of informed decision-making. Our meticulous bookkeeping and accounting services ensure that your financial data is always organized, transparent, and compliant with relevant regulations. From managing payables and receivables to reconciling accounts, we take care of the details, allowing you to concentrate on running your business with peace of mind.

    Tax Planning and Compliance:

    Navigating the complexities of tax regulations can be daunting for any business. Our tax experts are well-versed in the latest tax laws and regulations. We proactively develop tax planning strategies to optimize your tax liability and maximize savings. Our firm is committed to ensuring that your tax returns are filed accurately and on time, mitigating the risk of penalties and audits.

    mktgandseo

    July 28, 2023
    Uncategorized
  • Navigating Change with Confidence: The Expertise of Whitman Transition Advisors

    Navigating Change with Confidence: The Expertise of Whitman Transition Advisors

    In today’s ever-evolving business landscape, organizations face the constant challenge of effectively managing transitions and transformations. Whitman Transition Advisors emerges as a trusted partner, providing invaluable expertise and guidance to businesses navigating change. This article delves into the comprehensive solutions and insights offered by Whitman Transition Advisors, empowering organizations to embrace change and drive successful outcomes.

    Strategic Planning for Transitions:

    Whitman Transition Advisors understands that transitions require meticulous planning and strategic foresight. Their team of seasoned professionals works closely with businesses to develop tailored transition strategies that align with their goals and vision. By carefully assessing the current state, identifying potential obstacles, and designing a roadmap for success, they enable organizations to navigate transitions with confidence.

    Merger and Acquisition Support:

    During mergers and acquisitions, businesses must navigate complex challenges, from due diligence to integration. Whitman Transition Advisors provides comprehensive support throughout the entire process. Their expertise encompasses evaluating target companies, facilitating negotiations, managing cultural integration, and implementing post-merger strategies. With their guidance, organizations can optimize value, minimize disruption, and realize the full potential of mergers and acquisitions.

    Leadership and Talent Development:

    Transitions often require effective leadership and talent management to drive organizational success. Whitman Transition Advisors offers targeted programs and coaching to develop leaders, enhance team dynamics, and align talent strategies with business objectives. Their holistic approach ensures that organizations have the right people in key positions, fostering a culture of high performance and resilience during times of change.

    Change Management and Communication:

    Change can be unsettling for employees and stakeholders. Whitman Transition Advisors excels in change management and communication, guiding organizations in effectively communicating the rationale, benefits, and impacts of transitions. By fostering open and transparent communication channels, they help businesses address concerns, manage resistance, and create a supportive environment for successful change implementation.

    Operational Efficiency and Optimization:

    Transition periods offer an opportunity for organizations to enhance operational efficiency and optimize processes. Whitman Transition Advisors conducts thorough assessments, identifying areas for improvement and implementing streamlined workflows. Their focus on operational excellence enables businesses to reduce costs, enhance productivity, and create a solid foundation for sustainable growth.

    Post-Transition Support and Sustainability:

    Whitman Transition Advisors goes beyond the transition phase, providing ongoing support to ensure long-term success. They collaborate with organizations to monitor performance, measure outcomes, and refine strategies as needed. Their commitment to sustainability ensures that businesses can adapt to changing market dynamics, maintain their competitive edge, and achieve continued growth.

    mktgandseo

    July 27, 2023
    Uncategorized
  • Preparing for a New Role: Mapping Your Journey to Success

    Preparing for a New Role: Mapping Your Journey to Success

    Embarking on a new professional role requires careful planning and organization to ensure a smooth and successful transition. By strategically mapping your path to success, you can set yourself up for achievement and growth. Here are some key steps to help you prepare for your new role:

    Define Your Objectives: Start by clearly defining your goals and expectations for the new role. What specific achievements or outcomes do you aim to accomplish? By setting clear objectives, you can align your efforts and stay focused throughout your journey.

    Assess Your Skills and Knowledge: Conduct a thorough self-assessment of your existing skills and knowledge. Identify any gaps or areas for improvement that are relevant to the new role. This will enable you to develop a targeted plan for acquiring the necessary competencies.

    Research and Learn: Dive into research about the industry, organization, and role you’ll be stepping into. Stay updated on the latest trends, technologies, and best practices. This will not only enhance your knowledge but also demonstrate your dedication and commitment to your new position.

    Seek Guidance and Mentorship: Connect with experienced professionals in similar roles or within your organization. Seek their guidance and advice on how to excel in your new position. A mentor can provide valuable insights, support, and a different perspective as you navigate your new responsibilities.

    Network Strategically: Expand your professional network by attending industry events, joining relevant communities, and connecting with colleagues. Building strong relationships with peers and professionals can provide you with valuable resources, opportunities, and support throughout your journey.

    Develop an Action Plan: Based on your objectives, skills assessment, and research, create a comprehensive action plan. Break it down into smaller, achievable milestones, with clearly defined tasks and deadlines. This will help you stay organized and ensure you make steady progress toward your goals.

    Continuously Learn and Adapt: Commit to lifelong learning and professional development. Stay curious and seek opportunities to enhance your skills and knowledge. Be adaptable and open to feedback, as this will enable you to refine your approach and grow in your new role.

    Cultivate Resilience and Confidence: Understand that transitions can be challenging, and setbacks may occur along the way. Cultivate resilience by maintaining a positive mindset, leveraging your strengths, and learning from failures. Believe in your abilities and have confidence in your capacity to succeed.

    Seek Feedback and Evaluate Progress: Regularly seek feedback from your colleagues, supervisors, and stakeholders. This will help you gauge your progress, identify areas for improvement, and make necessary adjustments to your approach. Actively reflect on your accomplishments and celebrate milestones reached.

    Embrace Continuous Improvement: Success is a journey, not a destination. Embrace a mindset of continuous improvement and strive for excellence in your new role. Stay proactive, remain adaptable to change, and seek out opportunities for growth and advancement.

    By following these steps and organizing your path to success, you’ll be well-prepared to take on your new role with confidence and achieve your professional aspirations. Remember, success is a result of consistent effort, dedication, and a willingness to learn and adapt along the way.

    mktgandseo

    June 26, 2023
    Uncategorized
  • CLIENT RELATIONSHIP MANAGEMENT

    CLIENT RELATIONSHIP MANAGEMENT

    When the COVID-19 pandemic hit, most staff at accounting and advisory firms – and the staff of their clients – packed up and went home.

    For the firms, however, business didn’t stop or even slow down. In fact, clients needed more services and guidance from their advisors than ever. How and where accountants and advisors did their work and nurtured relationships changed radically and quickly, with nearly all interactions shifting from face-to-face to virtual.

    More than a year later, while client relationship and business development partners are excited about the prospect of heading back to in-person client meetings, there’s still a need for and an interest in a paradigm of hybrid communications that will define the new normal.

    Business developers are finding new ways to blend the digital approach with the personal touch of a handshake — all the while ensuring everyone feels safe and respected. Information, Information, Information “My client relationship cycle was unchanged for decades,” said Lee M. Cohen, founder and managing partner of LM Cohen & Company in New York City. “I’d meet with clients to plan the work; then I’d finish a project and schedule an in-person meeting to develop a plan for implementation. What changed during COVID-19? Everything. It was insane.”

    Cohen said his clients needed “information, information, information,” including constant updates on the U.S. Small Business Administration’s Paycheck Protection Program and other stimulus offerings. “It got to the point that it made good business sense not to bill clients for our work helping them with PPP loan applications,” he said. “The flow of information from us turned into a continuous flood.”

    To find a way to stay in front of clients, Cohen held a series of socially distanced outdoor meetings at his home. “What we gained by meeting in person was invaluable and has carried through into how we conduct business today,” he said.

    A New Client Relationship Reality

    For Andrew Sledd and Amy Menafee, partners at Keiter, based in Glen Allen, VA, the demands of audits made it clear they had to get in front of their clients. “We had an audit close down halfway through,” Menafee said. “Fortunately, MS Teams had already been installed, so I reached out to my client to establish new rules of the road that will very likely carry through and become our new hybrid procedure.” Menafee also arranged to meet her clients safely outdoors and even hosted networking meetings in her yard. Problems did arise with the timely transmittal of records because clients were often not in the office with access to paper files. Finding times that worked for clients and partners to access the records was a challenge, but it built a level of trust.

    “Many of our clients are located throughout the country, so the firm has successfully managed client relationships virtually for years,” Sledd said. When the pandemic shut down the firm, the frequency and level at which they had to use tools such as virtual slideshows to help sell new engagements changed.

    For Menafee and Sledd, the new client relationship reality will be face-to-face augmented by virtual meetings. “Now we’re experts on video meet- ups and screen sharing; we are chat mavens, and these new client work arrangements are here to stay,” Menafee said.

    TLC for New Relationships

    As partners feel their way into the post-COVID era, some see the need to approach client relationship practices differently with prospects and new clients than they will with existing clients. Timothy Schnall, a principal at Untracht Early of Floram Park, NJ, thinks the second half of 2021 will be a critical time to nurture newer relationships in person.

    “We have to get back into our cars and on planes; and we’ll have to get back on the live event circuit to be seen as providing content and advice – and to start branding again,” Schnall said. He believes many established clients will not insist on returning to personal visits but will welcome them, and he is content with the emerging hybrid style. “We’ll meet in person for engagement kick-offs, for key progress reports and for closings, but much of the work will get done virtually.”

    Jason Martin, managing partner for the Memphis office of HHM CPAs, sees a pivot point coming in client relationship management for firms concentrating their growth opportunities on added-value consulting services. “Those firms not going for the consulting work will be handling lower growth commoditized attest and accounting engagements, and likely will miss out on the advisory work that is driving profit and providing the most value to our clients,” Martin said.

    Being in the room helps move these types of engagements forward, he said. “Just by being on site when another firm was not, we talked a proposal through to a win.” Technology Learning Curve Practitioners at firms that made the shift to digital meetings and workflow became comfortable with certain platforms and ways of doing business, and improved relations with certain types of clients, Schnall said.

    “During the worst of COVID-19, our client meetings essentially went to zero,” he said. “We were 100% reliant on collaboration software such as Zoom and Teams. Planning calls, work product reviews and closing calls became virtual, but I believe our client relationships improved as we brought in this new technology to an already electronic relationship.” Cohen agreed.

    “Prior to the pandemic I never thought I’d bring on a new client without meeting them in person. But now it’s happened,” he said. “I do sense a yearning by prospects and clients to get back in touch with us personally. They want to see me and I want to see them.”

    ~ Richard Shippee, director of marketing and communications services, Whitman Business Advisors.

    Contact at shippeecomm@aol.com.

    mktgandseo

    June 21, 2023
    Uncategorized
  • Building a Strong, Skilled Team Attracting and Retaining Top Talent in a CPA Firm

    Building a Strong, Skilled Team Attracting and Retaining Top Talent in a CPA Firm

    Finding the right partner can be a critical decision that impacts the future of your business. A good partner can bring in new clients, expand your service offerings, and provide valuable industry expertise. On the other hand, a bad partnership can lead to financial loss, strained relationships, and even the downfall of your firm. Here are some tips to help you find the right partner for your CPA firm.

    Identify your needs and goals

    Before you start looking for a partner, it’s important to identify what you are looking for in a partner and what your goals are for your firm. Are you looking for a partner to help grow your practice or to provide additional expertise in a particular service area? What are your long-term goals for your firm? Having a clear idea of your needs and goals will help you narrow down your search and find the right partner.

    Look for someone with complementary skills and expertise

    Your partner should bring something to the table that you don’t have. This could be a particular area of expertise, a network of contacts, or experience in a different industry. Look for someone whose skills and expertise complement your own, and who can help you expand your service offerings and grow your business.

    Consider cultural fit

    A good partner should not only have the right skills and expertise but also fit in well with your firm’s culture and values. Look for someone who shares your vision for the firm and is committed to your clients and employees. Cultural fit is important for building a strong and successful partnership.

    Network and ask for referrals

    Networking and asking for referrals can be a great way to find potential partners. Attend industry events and conferences, join professional organizations, and connect with colleagues and peers. Ask for referrals from your network, and don’t be afraid to reach out to people you admire in the industry.

    Take your time and do your due diligence

    Finding the right partner takes time, and it’s important to do your due diligence before making a decision. Take the time to get to know potential partners and ask lots of questions. Look at their track record, reputation in the industry, and references from previous clients. Don’t rush into a partnership without doing your research.

    In conclusion, finding the right partner for your CPA firm can be a critical decision that impacts the future of your business. By identifying your needs and goals, looking for complementary skills and expertise, considering cultural fit, networking and asking for referrals, and taking your time to do your due diligence, you can find the right partner to help you grow your business and achieve your long-term goals.

     WHITMAN TRANSITION ADVISORS provides merger and acquisition, strategic talent acquisition and practice management consulting services to small, medium and large firms; from sole practitioners to world-class global firms. We understand the industry and have solid relationships with leadership at many small, medium and Top 100 firms in the country. We pride ourselves in our consultative approach to hiring and practice growth through Mergers & Acquisitions. As a result of our relationships we are able to find you the best new partner for your firm, the best new partner position for yourself, or the best merger firm for your practice. Website http://www.whitmantransit.wpengine.com Phone 1-844-922-8326 Make a CTA of this putting WHITMAN TRANSITION ADVISORS

    mktgandseo

    June 14, 2023
    Uncategorized
  • Nice to Haves” from Your Non-Negotiables

    Nice to Haves” from Your Non-Negotiables

    Separating Your “Nice to Haves” from Your Non-Negotiables While you’re interviewing for new jobs, it’s important to know what you’re looking for. I often suggest that job seekers separate their needs into two different lists: Nice-to-haves and Non-negotiables While nice-to-haves might include things like your perfect schedule or full-time remote work, for the right job, you’d be willing to compromise on them.

    But non-negotiables are the things you don’t want to bend on, at all. For instance, if the ability to pick up your kids from school is table stakes for you, this is important to divulge upfront. The best time to talk about non-negotiables is during an interview. Waiting until the offer process might seem disingenuous to a hiring manager who’s already invested plenty of time in the process. Finding a Job That Lets You Keep Working Remotely You’ve had a taste of the good life, and now you can’t settle for less? This is how a lot of people I talk to at Whitman Transition Advisors view remote or hybrid work.  

    But as a lot of companies slowly get back to in-office culture, this can present a conflict for employees who simply would rather stay at home. For plenty of people, this means looking for a new job. If your objective is to find a job that enables you to work remotely, you (and your recruiter) should know this going in. It’s not always possible to simply filter a remote job board for “remote jobs only.” For one thing, a keyword search won’t catch job postings that use different wording to refer to remote work, and for another, some jobs might have hidden flexibility built in for the right candidate, but not mentioned in the upfront description. If it’s important to you, it’s a question to ask early on.

    Always Take the Time to Evaluate a Job Offer It’s been a slog, this job search. And you’ve finally gotten an offer from a company you’ve had your eyes on. But hold up! Before you accept it, take some time to think it over. It can be easy to react from a place of fear: “What if this is the best or only offer I get? I need a job!” I often recommend to the job seekers I work with that they think beyond salary and benefits when evaluating a job offer.

    For instance, have you thought about: The “intangible” benefits of the job, like work culture and educational opportunities What will your commute be like? Or, conversely, what the remote options will be for this role? And most importantly, perhaps, how this job will impact your long-term career prospects and potential There are trade-offs with any role, of course, and you’re not always going to find the perfect fit. But taking the time to consider whether this one will be perfect “enough” will pay off in the long run.

    This Month’s Must-Reads Recruiters like me are always here to bounce ideas off of. If you ever want to chat about your job search, reach out. In the meantime, I’ll leave you with a few of the best things I read in the last month… If you’re thinking of adding some pizzazz to your resume, here are some ideas from makeuseof.com Here are some techniques Business Insider says will help you stand out on LinkedIn Some handy cover letter openers suggested by The Muse

    Phil Whitman

    Whitman Transition Advisors

    mktgandseo

    June 7, 2023
    Uncategorized
  • How to Conduct Due Diligence During the New Normal?

    How to Conduct Due Diligence During the New Normal?

    The use of technology in due diligence has never been more important than it is now. While due diligence in a remote world may present new challenges, the increased use of virtual data rooms and video conferencing services such as Zoom and GoToMeeting have facilitated this process immensely.

    It is no longer business as usual, as the corporate world continues to shift as a result of the coronavirus outbreak in early 2020. The new norm for M&A transaction processes will involve a host of considerations, issues, and deal terms that were not relevant before Covid-19.

    For buyers, due diligence will be more important than ever before. Given the M&A opportunities in the market, buyers and sellers must have an increased focus on gauging risk and value going forward.

    New Business

    Buyers and sellers should now be anticipating logistical changes to M&A deal making. Due to ongoing government and travel restrictions, office closures, and quarantine measures, buyers should have a strategy in place to optimize resources surrounding due diligence.

    Parties to an acquisition should also factor in additional time for a thorough diligence process, as there should now be heightened scrutiny of novel business and legal issues that were not paramount to past analyses. The challenge is how best to understand the impact they will have on the future success of a business.

    Buyers will need to have these issues mapped out in advance in order to request and analyze the necessary information. For example, the target’s employment policies should be scrutinized to understand how the business is handling the new regulatory environment and best practices in managing the workforce.

    A fundamental inquiry will focus on the target’s compliance with federal, state, and local laws, regulations and ordinances, as well as the attendant costs of such compliance currently and into the future.

    A buyer must now understand, from an operational and technological standpoint, how well a target company supports remote working and the myriad of data protection, cybersecurity and privacy issues that present significant risk.

    Other business issues with increased importance in due diligence include a target’s potential supply chain disturbances, key customer business issues, and insurance coverage for business interruption and other similar risks.

    Many of the technology tools such as Zoom and GoToMeeting will remain a part of the process into the future, as deal participants move away from in-person meetings, visits and tours. Sellers play a critical role in making the remote due diligence efficient, including a shift to the digital collection of business documentation, contracts, and financial data. Having the resources and skills to collaborate on-line is critical.

    Corporate Culture

    The increased use of technology in due diligence is both unavoidable and beneficial, if done well. However, a major focus for buyers and sellers continues to be corporate culture and the personal intangibles that make for a successful acquisition.

    Most dealmakers are skeptical that in-person meetings will go away or be less important, particularly as the pandemic and related health and safety regulations subside. Until that time, the importance of corporate culture in evaluating an acquisition target will continue to prompt efforts towards maintaining a safe environment in which management can interact on a personal level.

    Financial Analysis

    Buyers now need to assess how the pandemic has impacted the financial results of the target in 2020 and beyond. How did the target’s management team respond to the pandemic, and what changes were put in place to stabilize operations in both the near and long term?

    The typical EBITDA benchmarks for value and enterprise financial performance should be assessed under a different lens to account for a target’s financial performance during the pandemic that may not be symbolic of past and future performance. It will likely be useful to compare the target’s EBITDA trends to other companies within the same industry to understand performance, and to compare EBITDA trends for the quarters prior to the pandemic to those directly impacted.

    Indeed, because the valuation analysis is much more difficult due to the effects of the pandemic, buyers and sellers may turn to other forms of contingent consideration in the form of earnouts and other adjustments to purchase price. Buyers may learn early in the due diligence process that an earnout mechanism – which conditions the payment of a portion of the purchase price on financial performance of the target post-closing – is a viable way to reduce risk while still allowing sellers to obtain what they perceive to be full purchase price value if the future performance of the business is strong and in line with pre-pandemic results.

    Purchase price adjustments may also warrant attention in the due diligence and negotiation stages. Such adjustments serve to compensate a seller or buyer if certain working capital levels differ from an agreed-upon target at closing. But with uncertainties surrounding revenues and collection of A/R, among other performance variables, buyers and sellers will have to spend more time and effort finding a solution to bridge the valuation gap.

    Deal Terms

    Prior to the pandemic, acquisition financing was robust, as lenders were actively looking for opportunities and offering attractive rates and favorable loan terms. But along with the pandemic came economic uncertainty and tightened debt markets. Buyers needed to consider alternative financing sources, such as mezzanine financing, revolving credit, earnouts or equity rollovers.

    Buyers have also come to build in and expect longer commitment periods, as lenders will scrutinize deal structure and terms. These and other factors will require more time and resources to obtain the right acquisition financing for a deal.

    Buyers and sellers are spending more time negotiating critical deal terms. Crafting reps and warranties and related disclosures requires more attention and focus on a number of typical representations concerning the target’s supply chains, employment policies, financial statements and the security of its data.

    “Material adverse effect” and “material adverse change” (“MAE”) provisions will also take on greater importance. An MAE is generally defined within an acquisition agreement as any event, condition, or circumstance that has a material adverse effect on the business of the seller. If the pandemic continues with or without the arrival of new variant strains, buyers are likely to continue to assert that its effects on the target justify terminating the deal.

    While it is clear that due diligence and the typical considerations in an M&A deal have changed, planning, preparation and flexibility are key. The adaptations buyers and sellers are making now could contribute to better valuations—and more successful transactions—in the months and years ahead.

    At Whitman Transition Advisors, we understand the importance of inclusion and diversity in the workplace. Our team of experts can help your firm develop strategies for attracting and retaining diverse talent, creating an inclusive culture, and building a reputation as an employer that values and respects all individuals. Contact Whitman Transition Advisors today to discover what it means to have a strategic partnership with a trusted advisor in the CPA industry.

    mktgandseo

    June 2, 2023
    Uncategorized

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All Rights Reserved

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