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