Transaction services / TAS

Technology M&A diligence that speaks EBITDA and DevOps

Most technology diligence misses the gap between financial logic and operating reality. We run quality-of-earnings, revenue durability, technical debt, IP ownership, and integration risk as one decision system.

Best fit

Who this service is for

Private equity sponsors, founder-sellers, and boards evaluating technology middle-market transactions

Trigger

When to use it

Use this when the model depends on synergy capture, clean ARR, scalable delivery, or a technical platform that must survive buyer diligence.

Operator proof
95% customer retention post-merger
100% staff retention 9 months post-close
28,000-user migration with zero downtime
Operator's read

What an operator tests before the model gets trusted

Transaction diligence is not just a report on historical numbers. We test whether the technical platform, delivery model, customer base, and integration path can support the value creation plan a buyer is underwriting.

  • 95% customer retention post-merger
  • 100% staff retention 9 months post-close
  • 28,000-user migration with zero downtime
Engagement outcomes

What the work produces

Diligence memo tied to value creation risk

Technical debt quantified in dollars

Integration thesis validated before close

Related intelligence

Articles that support this service

32%
Average Implementation Gross Margin

The 2026 Project Margin Benchmarks for Consulting Engagements

Discover the 2026 project margin benchmarks for consulting firms. Learn why blending strategy and implementation margins is destroying your EBITDA and valuation.

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40%
Engineering Output Drop During Integration

The 100-Day Lie: Why Your Integration KPIs Are Hiding a 33% Valuation Bleed

Private equity operators often track the wrong metrics during post-M&A integration. Discover the precise operational KPIs to prevent integration failure.

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82%
Average IT Services Realization Rate

Realization Rate Benchmarks: Why Your 'Invoiced vs. Delivered' Gap Is Killing Your EBITDA

Diagnostic guide for PE sponsors and founders on realization rate benchmarks. Discover why 11% of billable hours are written down and how to bridge the gap between delivered and invoiced time.

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14.2
Months average duration for stand-alone ERP carve-out migrations

Carve-Out TSA Pricing Benchmarks: Beating the Extension Trap

Private equity buyers lose 3-5% of deal value to extortionate TSA extensions. Explore 2026 carve-out TSA pricing benchmarks, duration timelines, and negotiation strategies.

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72.3%
Target Blended Utilization Rate

Why 85% Utilization Is a Valuation Trap: 2026 Professional Services Benchmarks by Role

Pushing professional services utilization above 85% destroys EBITDA. Justin Leader breaks down 2026 bench utilization benchmarks by role to protect your valuation.

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43%
Average Cost Overrun in Post-Merger Consolidations

Data Center Consolidation Post-Merger: Timelines, Costs, and the 43% Overrun Trap

Discover why post-merger data center consolidations overrun budgets by 43% and learn the definitive timeline and cost benchmarks to protect your deal's EBITDA.

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68.4%
Gross Margin for Pure PLG SaaS (<$50M ARR)

The Gross Margin Reality Check: PLG, Hybrid, and Sales-Led Unit Economics

Discover why hybrid and PLG sales motions are dragging down B2B SaaS gross margins, and how to re-architect your COGS to protect your 2026 exit valuation.

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4-6 Months
Average M&A Timeline Extension Due to Regulatory Review

The 'Limbo Tax': Why Cross-Border M&A Regulatory Delays Kill 30% of Deal Synergies

Learn how antitrust second requests and FDI reviews extend cross-border M&A timelines by 4-6 months, and how to buffer your integration strategy to save synergies.

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15-20%
Valuation Haircut for >25% Top-10 Concentration

The 'Whale' Tax: Why Customer Concentration Kills Exit Multiples (And How to Fix It)

Discover the 2026 benchmarks for acceptable top-10 customer ARR concentration by growth stage, and learn how to prevent the 20% valuation haircut in PE due diligence.

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FAQ

Common questions

What makes operator-led transaction advisory different?

We evaluate the operating system behind the numbers: code quality, delivery capacity, data integrity, sales process, customer concentration, and integration risk. That gives buyers a clearer view of what they can actually own after close.

What deal size is a fit?

We focus on technology middle-market companies: typically 50-300 employees, $10M-$100M ARR, and $50M-$300M enterprise value.

Next step

Find the constraint before the next quarter hardens around it.

Start the conversation

We're ready to respond to your doubts

Understanding your habits and bringing future possibilities into the present.