Entrepreneurship through acquisitions (ETA)
As a search funder seeking to raise and deploy capital, your goal is to acquire a business you can successfully operate and grow. Complex deals are stressful. Search fund entrepreneurs want to merge or acquire a business based on informed decisions—ensuring the right fit with your strategy, sensible pricing and a successful integration.
How we help entrepreneurs get there
Serving the search fund eco system since 2005, Boulay works with hundreds of ETA entrepreneurs located throughout the United States, Mexico, Canada and Europe, assisting with acquisitions and providing advice and support during every stage of the ETA process and beyond. Boulay’s Search Fund Advisors help your ETA process with:
- Implementing financial reporting and payroll systems
- Understanding guaranteed payment vs. W-2 employee
- Preparing Federal and State tax returns and Forms K-1
- Assisting in pre-LOI conversations
- Providing perspective in the decision-making process
- Helping with initial negotiating points
- Analyzing expected tax impact on various deal structures
- Understanding differences between 338H10, 336E, F-reorganization, and Section 1202 options, as well as stock vs. asset transactions
- Conducting Quality of Earnings engagements
- Working with searcher, investors, legal counsel and lenders regarding transaction and lending documents
- Reviewing fund operating agreement terms
- Filing applicable protective elections
- Purchase price allocation, funds flow accounting and opening balance sheet presentation
- Net working capital true-up assistance
- Assistance and preparation with sales and use tax along with voluntary disclosure agreement (VDA)
- Audit and assurance services
- Tax planning and compliance services
Customized Support at Every Stage
The ETA process looks different for every entrepreneur. We partner with you to provide the search fund accounting services you need, when you need them. We aim to serve as a seamless extension of your team, to help you overcome the accounting challenges you face. Contact us today to learn how our search fund advisors help you get there.
Search Fund Advisor Team
Clay Brownlee
Partner
Dan Gerhart
Senior Manager
Josh Suciu
Manager
Kelsey Harris
Assistant Controller
Mike George
Senior Tax Manager
Mike Laier
Partner
Ronald Overson
Partner
Ryan Turbes
Partner
Thomas Erickson
Manager
GET CONNECTED
To learn more about how we can help, contact us by phone at 952.893.9320 or email us.