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Streamlining M&A Accounting with a Business Combination Solution

Streamlining M&A Accounting with a Business Combination Solution

When a data and analytics provider in the energy sector needed support with purchase price allocation for an acquisition, we delivered a comprehensive solution. We coordinated with a valuation partner and provided audit-ready documentation, enabling the client to complete their business combination accounting seamlessly—saving time, ensuring compliance and avoiding coordination headaches.

Challenge

An energy-industry focused provider of data, analytics and decision support to wholesale participants in the North American electricity powemarkets engaged SolomonEdwards to perform the valuation of net assets acquired and provide technical accounting support for the purchase price allocation. 

Solution

After our third-party valuation partner determined the fair value of the acquired firm’s net assets, we evaluated the extent of the work needed and coordinated our purchase price allocation support with our partner to address all accounting requirements and provide support for the audit. 

Outcome

Our client received a turnkey deliverable for business combination accounting, eliminating the need to separately coordinate multiple parties. We also provided documentation that allows them to record the transactions and provide support to their external auditors without additional work. 

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