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Quality of Earnings & Financial Due Diligence

Diligence you can build on.

Institutional-grade Quality of Earnings and financial due diligence for independent sponsors, searchers, private equity funds, and business owners — Big-Four rigor, without the Big-Four overhead.

2–4 wks
Typical report turnaround
Buy & Sell
Both sides of the deal
Independent
Unbiased, third-party analysis

A deal is only as sound as the numbers beneath it. We dig past the income statement to the cash, the trends, and the risks — so you negotiate, lend, or sell from a position of certainty.

What We Do

Diligence, scoped to the deal in front of you

Focused, senior-led engagements that give you the financial clarity to move with confidence — whether you’re buying, lending, or selling.

01

Quality of Earnings

The cornerstone analysis: we normalize EBITDA, test revenue quality, and validate that reported earnings are real, recurring, and sustainable post-close.

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02

Financial Due Diligence

A complete read on financial health — balance-sheet review, debt and debt-like items, working capital trends, and the operational drivers behind the numbers.

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03

Sell-Side QofE & Valuation Support

Selling your company? We surface and resolve issues before buyers do, build a defensible earnings story, and help you understand what your business is truly worth.

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04

Net Working Capital Analysis

We set a fair, data-driven working capital target so you don’t overpay at close or get squeezed in the true-up — one of the most contested numbers in any deal.

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05

Proof of Cash

We tie reported revenue and earnings to actual cash that moved through the bank — the most reliable test of whether the financials reflect economic reality.

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06

Buyer’s Reports & Quick Reviews

Earlier in a process, or working a smaller deal? Right-sized assessments flag the deal-breakers fast, before you spend more time and capital.

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Who We Serve

Built for the people with capital on the line

We work the lower middle market the way it deserves to be worked — with senior attention, fair pricing, and an understanding of what’s actually at stake for you.

Buy-Side

Independent Sponsors

Win investor confidence and close with conviction. We give you LP-ready diligence that stands up to scrutiny.

Buy-Side

Searchers & ETA

It’s often your own capital and one shot. We pressure-test the numbers so your first acquisition is the right one.

Buy-Side

Private Equity

A reliable diligence partner for add-ons and platforms — institutional rigor, responsive teams, and no surprises.

Sell-Side

Business Owners

Know what your company is worth and sell from strength. We prepare your earnings story before buyers test it.

Why Greenwood

Big-Four rigor. Boutique attention. Honest pricing.

The largest firms are thorough but expensive, layered, and slow. The cheapest options miss what matters. Greenwood was built for the deals in between — where the diligence has to be sharp, the partner has to be reachable, and the fee has to make sense for the deal size.

Senior people on your deal

The person who scopes your engagement is the person doing the work — not a rotating cast of first-year associates.

Speed that fits a live process

Most reports land in two to four weeks of data access — fast enough to keep your exclusivity window and momentum intact.

Fixed fees, scoped up front

You know the cost before we start. No hourly meter, no surprise invoices — pricing matched to the size and complexity of your deal.

We treat every engagement as if our own capital were on the line — because for the people we serve, it usually is.

The Greenwood Diligence Standard

$1M–$75M
Transaction range served
2–4 wks
From data access to final report
Buy & Sell
Diligence for both sides
Fixed-fee
Transparent pricing, scoped up front
Our Approach

A clear path from data room to decision

A proven process that keeps your deal moving while we get to the truth beneath the numbers.

1

Scope & Fee

A short call to understand the target and your goals. You get a fixed fee and timeline before any work begins.

2

Data & Discovery

We send a focused request list and analyze the financials, ledgers, and bank activity — reconciling what’s reported to what’s real.

3

Analysis & Findings

EBITDA normalization, working capital, proof of cash, and revenue quality — with management Q&A to resolve open items.

4

Report & Debrief

A clear, defensible report and a live walkthrough — so you can negotiate, lend, or sell with total confidence.

Insights

Diligence, explained

Plain-English guidance for buyers and sellers navigating the numbers.

Let’s talk

Confidence in your next deal starts with a conversation

Tell us about the transaction. We’ll tell you exactly how we can help, what it costs, and how fast we can deliver.