CFOx recently worked with Trigran Ventures, a Boulder, Colorado-based private equity firm, to support its investment in a full-service real estate solutions and property management company. Our Transaction Services team provided a Buy-Side transaction analysis on the target.
Our team analyzed the company’s historical financial performance across the prior two fiscal years and year-to-date period, evaluating revenue trends, profitability, operating expenses, and key balance sheet accounts to identify significant fluctuations and understand the underlying drivers of performance.
The team also assessed management’s proposed EBITDA adjustments, evaluating the support, rationale, and appropriateness of each adjustment to determine normalized earnings and provide buyers with a clearer view of ongoing operating performance.
Additionally, the team performed a Proof of Cash analysis and completed reconciliations to the billing software (i.e., AppFolio) and payroll reports to validate reported financial information, assess the integrity of underlying records, and identify potential diligence considerations.
Our client went forward with the investment in June of 2026 and made a strategic partnership with the management at Fortunato Properties.
If you would like to learn more about our Transaction Services, please reach out via email (info@cfoxadvisory.com) or schedule a call directly on our Contact Us page.
Services Provided:
- Financial Due Diligence
- Quality of Earnings Analysis
- Proof of Cash
- Billing System and Payroll Reconciliations
