Who we serve

Transaction advisory for industrial businesses.

We help private equity sponsors and corporate buyers evaluate, close and grow investments in manufacturing, distribution and industrial services businesses, with finance, tax, technology and integration advice from one team.

Talk to an Industrials Partner

Manufacturing

Industrial equipment, components, building products and engineered materials

Industrial distribution

Aerospace and industrial parts, MRO supplies and building materials

Industrial services

Field services, maintenance and specialty contracting

Our point of view

In industrials, the value is in how the business runs.

Industrial businesses have plants, inventory, equipment, supply chains and systems that all affect what a deal is worth. We look at those details alongside the financials, so you understand both the risks and the opportunities before you commit.

Buying

Know what you’re buying.

Diligence that connects the numbers to the operation behind them.

Owning

Create value during the hold.

Practical help with integration, systems, data and operating models.

Selling

Be ready for buyers.

Preparation that helps management tell a clear, well-supported story at exit.

Common areas of focus

Where we help on industrials deals.

Inventory and working capital

Understanding the working capital a business needs to operate.

Pricing and margins

How pricing, product mix and costs come together across the business.

Systems and data

The state of ERP, product data and reporting, especially after acquisitions.

Carve-outs and standalone costs

What a separated business needs to run on its own from Day 1.

State and local tax

Sales, use and property tax across a multi-state footprint.

Fixed assets

Valuation and purchase price allocation for plants and equipment.

How we help

One integrated team from diligence to exit.

Finance

  • Financial due diligence and quality of earnings
  • Financial and tax modeling
  • Valuation

Tax

  • M&A tax diligence and structuring
  • State and local tax
  • Property tax and cost segregation
  • Tax insurance

Technology

  • Technology, cyber and AI diligence
  • Data and AI value creation
  • Sell-side technology readiness

Integration

  • Carve-out diligence and separation planning
  • Day 1 readiness and TSAs
  • Integration and operating model design
Why Leo Berwick

Focused, senior-led and easy to work with.

Senior-led

Partners and senior practitioners are involved in the work.

One integrated team

Finance, tax, technology and integration specialists work together on your deal.

Commercial and practical

We focus on the issues that matter most to your investment.

Responsive

We work at the pace your deal needs.

Evaluating an industrial business?

We’d be glad to talk it through.