Integrated Due Diligence

Diligence the actual numbers, not the deck.

Most financial due diligence starts with whatever management uploads. Ours starts with the target's source systems. The Verified Metrics data room collects accounting data from ERPs and transaction data from major banks directly, so our team reconciles the CIM against bank-verified actuals before the first management call. You find the gaps in week one, not week five.

That's how Pershing went from opening diligence to close in under 30 days.

Senior practitioners run every engagement. We're unconflicted by audit relationships, and we report what we find in plain terms: what the earnings really are, what the working capital really needs, and what should change in the purchase agreement before you sign it.

Why Verified Metrics

• Source data, not samples. ERP and bank connectivity means findings tie to the general ledger and the bank statement, not to management's summary of either.
• Speed without thinness. Automated data collection does the gathering; experienced practitioners do the judgment. Diligence-to-close in under 30 days is documented, not aspirational.
• Senior-led from kickoff to close. The people on the first call are the people who write the report.
• The data room outlives the deal. Post-close, the same connections become live portfolio monitoring: day-one visibility instead of a 90-day reporting scramble.

What this covers

• Quality of earnings: identification of non-recurring, out-of-period, non-cash, run-rate, and pro forma items affecting EBITDA
• Net working capital composition, trends, and peg setting
• Debt and debt-like items, off-balance-sheet obligations, and key value considerations
• Revenue quality: customer concentration, cohort behavior, retention, and churn
• Quality of financial reporting, controls, and systems
• For credit investors: borrowing-base verification and covenant capacity analysis
• Purchase agreement input: closing cash, working capital, indebtedness, and price mechanism review

How an engagement runs

• Scoping call against the deal timeline; access requests issued to the target the same week
• Data room connects target systems; reconciliation begins before management meetings
• Findings communicated as they emerge, with no surprises held for the final report
• Red-flag report early, full report on your timeline

What you receive

• A quality of earnings report your IC and lenders can rely on
• A databook tied to source systems, not management schedules
• Purchase agreement recommendations in negotiable form
• A live data room that converts to portfolio monitoring at close