Quality of Earnings01
What a Quality of Earnings Analysis Actually Tests
Why an adjusted earnings figure is an argument, not a fact — and what makes one defensible.
6 min readIn editorial reviewAuthor to be confirmed
Insights
A Working Reference for the Questions That Decide Transactions.
Practical writing on earnings quality, transaction mechanics, and post-close execution — written for principals and deal teams in the lower middle market. Every article carries a named author, a professional review, a publication date, and a clear disclaimer.
Awaiting firm confirmation
The articles below are the confirmed editorial program. None are published yet: each requires authorship by a named member of the firm, professional review, and a publication date before it appears as ANZ content. Nothing on this page is presented as a published article, and no placeholder or generated article text is used.
Normalized EBITDA02
Normalized EBITDA and the Discipline of the Adjustment Schedule
Most diligence disputes are not about arithmetic. They are about whether an adjustment was supported.
5 min readIn editorial reviewAuthor to be confirmed
Working-Capital Mechanisms03
Working-Capital Mechanisms: The Adjustment Buyers Underestimate
The peg is a dollar-for-dollar change to purchase price. It deserves more analysis than it usually receives.
7 min readIn editorial reviewAuthor to be confirmed
Debt-Like Items04
Debt-Like Items: Obligations That Do Not Announce Themselves
Deferred compensation, unfunded liabilities, and accrued obligations that belong on the debt side of the bridge.
6 min readIn editorial reviewAuthor to be confirmed
Seller Readiness05
Seller Readiness: What to Fix Before a Buyer Finds It
The findings that reduce price are usually the ones the seller could have addressed months earlier.
6 min readIn editorial reviewAuthor to be confirmed
Data-Room Preparation06
Data-Room Preparation and the Cost of a Slow Process
Process friction is not neutral. It creates room for re-trades.
4 min readIn editorial reviewAuthor to be confirmed
Purchase-Price Considerations07
From Finding to Purchase Price
How diligence analysis becomes a position at the negotiating table.
5 min readIn editorial reviewAuthor to be confirmed
Common Diligence Findings08
Findings That Recur in Lower-Middle-Market Diligence
Patterns that appear often enough in owner-operated businesses to be worth anticipating.
7 min readIn editorial reviewAuthor to be confirmed
Day 1–100 Planning09
Day 1 to Day 100: Planning the Window That Closes Fastest
The period in which change is easiest is the period most often spent on administration.
6 min readIn editorial reviewAuthor to be confirmed
Value-Creation KPIs10
Choosing Value-Creation KPIs That Change Behavior
A short list of measures that indicate the plan is working, early enough to intervene.
5 min readIn editorial reviewAuthor to be confirmed
Editorial standard
What ANZ Will Publish, and What It Will Not.
Will publish
- General guidance on transaction mechanics and diligence practice
- Articles attributed to a named, verified author at the firm
- Dated content with a review record
- Clear scope-of-practice disclaimers on every piece
Will not publish
- Client names, transaction values, or performance metrics without written approval
- Testimonials or case studies that have not been verified
- Proprietary procedures or confidential client information
- Advice for a specific transaction or entity
ANZ Consulting LLC provides transaction advisory and financial analysis services. ANZ does not perform audits or attestation engagements, and does not provide valuation opinions, legal advice, tax advice, or investment recommendations. Insights content is general in nature and is not advice for any specific transaction or entity.
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