OWNER EDUCATION
SDE vs. EBITDA
Understand how owner earnings and operating earnings can frame different buyer conversations.
Read the overviewDeal language,
in plain English.
General explanations to help roofing owners prepare better questions for their professional advisers. Not legal, tax, accounting, securities, or transaction advice.
OWNER EDUCATION
Normalized EBITDA
Learn what normalization is intended to do and why each adjustment needs support.
Read the overviewOWNER EDUCATION
Quality of earnings
An overview of how financial diligence may examine reported performance and cash conversion.
Read the overviewOWNER EDUCATION
Working capital
A plain-English introduction to operating liquidity and purchase agreement targets.
Read the overviewOWNER EDUCATION
Letters of intent
Understand common topics in a non-final proposal and what needs careful review.
Read the overviewOWNER EDUCATION
Earnouts and rollover equity
Compare forms of contingent or continuing consideration and their trade-offs.
Read the overviewTerms have legal, tax, accounting, and economic effects that depend on the complete facts and documents. Consult qualified advisers for your situation.