David C Barnett Small Business and Deal Making M&A SMB LIVE - Due - Diligence And Quality Of Earnings Reports With Elliott Holland
Mar 31, 2023
Elliott Holland, owner of Guardian Due Diligence, discusses Quality of Earnings reports and due diligence investigations on target companies during a live broadcast. The conversation covers the importance of thorough financial analysis, understanding business valuations, dealing with broken deals, and handling undeclared revenue in acquisitions.
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Why Guardian Was Founded
- Elliott Holland left private equity and founded Guardian Due Diligence to build the diligence he wished he had as a buyer.
- He designed the firm to protect less-experienced buyers from being taken advantage of.
What A Quality Of Earnings Does
- Elliott Holland says a QOE tears down income statement, balance sheet, cash flow and working capital to show the real financial picture.
- He uses QOEs to reveal details that broker summaries often gloss over.
Typical Client Profile
- Guardian focuses on deals under about $5M and typically works with self-funded searchers and first-time buyers.
- Elliott Holland tailors QOEs for main-street buyers rather than large PE firms.