Transaction Process
LOI To Close
36 + Year's Experience. 1500+ Completed Projects. 60+ Industries Served.
Align Corporate Advisors Experience with The Process!
Whether you are buying or selling a business, the process of actually getting to completion is very new to even the most experienced business people!
No two transactions are ever the same, the key is to be transparent and ask questions as soon in the process as possible.
Align is here to guide you through the process and clear up any questions or concerns you may have!
Whether buyer or seller, once the Letter of Intent is signed, the same question is asked "What happens now?"
Step 1: Due Diligence
The offer is usually contingent on the buyer’s professionals verifying the
accuracy of the seller’s financial and operational representations.
Step 2: Negotiate Diligence Variances
It is not uncommon for buyer initial assumptions to be clarified as the diligence progresses. If material issues are discovered, this may require renegotiation of terms of the eventual agreement.
Step 3: Key Staff Interviews
The buyer will normally want to talk to a limited number of key staff to ensure good working relations post close.
Step 4: Legal Drafting Offer Purchase Agreement
The buyers and sellers legal council will draft reviews of the Purchase Agreement that will be negotiated and agreed by all parties.
Step 5: Inventory
If the company carries inventory then a final inventory count will need to be performed for closing reconciliation.
Step 6: Closing Day
Long awaited! Funds are transferred from buyer to seller and ownership is transferred.
Integration Begins!
Now the company turns a page and the next key task is merging new ownership with the company!