Assess whether integration costs were sandbagged in the CIM (d892b5)

Situation

Integration costs were sandbagged sits with integration-risk PMO because a founder who will not sign a non-compete hit a roll-up of three regional service companies. Evidence is carve-out stranded-cost model; write the M&A Due Diligence Legal, IP, and Regulatory option that extract can carry.

Decision

Integration-risk PMO in a roll-up of three regional service companies must choose Proceed / Reprice / Walk / Hold using carve-out stranded-cost model after a founder who will not sign a non-compete.

Hypotheses to test

• Test carve-out stranded-cost model after a founder who will not sign a non-compete for Proceed on integration costs were sandbagged using only what integration-risk PMO can re-perform in a roll-up of three regional service companies.
• Test carve-out stranded-cost model after a founder who will not sign a non-compete for Reprice if the first reading over-claims this M&A Due Diligence Legal, IP, and Regulatory extract.
• Test whether Separate a one-off add-back from a recurring earnings issue in carve-out stranded-cost model. is already answered in carve-out stranded-cost model, which would collapse integration costs were sandbagged to Walk.
• If carve-out stranded-cost model after a founder who will not sign a non-compete cannot settle integration costs were sandbagged, integration-risk PMO keeps Hold and names the missing Legal, IP, and Regulatory fact.

Analysis required

• Separate a one-off add-back from a recurring earnings issue in carve-out stranded-cost model.
• Map reps, earnout mechanics, and integration risk a roll-up of three regional service companies would inherit.
• Tie quality-of-earnings, working-capital, and contingent items in carve-out stranded-cost model to integration costs were sandbagged.
• For this M&A Due Diligence Legal, IP, and Regulatory file, read carve-out stranded-cost model against a founder who will not sign a non-compete and write the one fact that would move integration costs were sandbagged for integration-risk PMO.

Recommendation

Choose Proceed / Reprice / Walk / Hold on this M&A Due Diligence / Legal, IP, and Regulatory packet (carve-out stranded-cost model after a founder who will not sign a non-compete). Lead with the M&A Due Diligence option carve-out stranded-cost model can support after a founder who will not sign a non-compete, then the two facts that force it, then the Monday action for integration-risk PMO in a roll-up of three regional service companies.