Select Accomplishments - Acquisitions & Dispositions

$20 million acquisition, $4 million in profits - Conducted and coordinated due diligence on a $20 million acquisition of a specialty manufacturer.  Performed product line reviews, major customer analysis and capital investment requirements.  Prepared and presented business case for acquisition to lenders, owners, and board of directors in order to secure funding.  Acquisition approved, funding granted and target company added $4 million in profits.

Reduced purchase price $600k on $100 million acquisition - Performed a thorough financial statement review of target company and identified improper accounting treatment of consulting fees and inventory.  As a result, asset base was reduced along with purchase price, saving $600k

Inventory Valuation - Coordinated inventory valuation and related purchase accounting adjustment for a $300 million acquisition.  Managed "turn out" of inventory step-up post acquisition.

Accounting Treatment - Responsible for accounting treatment of a significant number of acquisitions of domestic and foreign companies.  Issues included investment in target, purchase accounting, opening balance sheet, purchase price adjustments, tax basis, foreign currency adjustments and integration into financial consolidation.

Disposal of Troubled Company - Partnered with head of M&A to dispose of troubled company.  Activities included development of offering document, presentations to potential buyers, establishment of net asset listing, and coordination with legal department on contract review and negotiation.  Efforts resulted in sale of company and limiting of product liability exposure.

Accounting Treatment - Responsible for accounting treatment of a significant number of dispositions of domestic and foreign companies.  Issues included gain / loss calculation - book and tax, assets sale vs. stock sale, closing balance sheet, residual net assets, purchase price adjustments, foreign currency adjustments and removal of disposed company from financial consolidation.