Corporate finance advice that starts with the bad news
Granite Flat Partners works with owners and management teams across South Texas on company sales, acquisitions, capital raising and the decisions that precede them.
Sell-Side Advisory
Preparing and running a company sale, beginning with the diligence a buyer will run on you, so nothing arrives as a surprise once exclusivity has been granted.
- Adverse diligence before market
- Findings priced at the table
- Fixed fee, no success component
- Process run to your timetable
Pre-Market Diligence Review
The adverse diligence exercise sold as standalone work, for owners two or three years from a sale who want to know what to fix while there is still time.
- Sold standalone, fixed fee
- Findings ranked by cost to you
- Remediation timelines given
- Yours to use with any advisor
Buy-Side Advisory
Assessing and negotiating an acquisition, including the recommendation to walk away, which is charged at exactly the same fee as a completed transaction.
- Walk-away advice charged the same
- Diligence findings unedited
- Integration cost modelled
- No introduction fees accepted
Capital Raising
Debt and equity raising with the terms explained in the language of what they will actually mean for you in year three, not in year one.
- Covenants explained plainly
- Downside scenarios modelled
- Lender relationships in your name
- No lender commissions taken
Valuation and Modelling
A defensible valuation range with the assumptions stated individually, including which ones a buyer will attack first and how hard.
- Range, not a single number
- Weakest assumption identified
- Buyer attack points named
- Model handed over in full
Succession and Exit Planning
Long-horizon work for owner-managed businesses, covering the structural issues that take years rather than months to resolve.
- Multi-year horizon
- Concentration risk addressed
- Family and management options
- No commitment to a later sale
What adverse diligence actually examines
Revenue concentration and contract quality. Who can leave, how quickly, and what is actually signed. This is where the largest price adjustments originate.
Working capital patterns. The normalised level a buyer will argue for, which on seasonal businesses differs sharply from the balance sheet on any given date.
Maintenance capital expenditure. What the business genuinely needs to spend to stand still, separated from growth investment, because buyers will separate them.
Related-party and informal arrangements. Property, salaries, intercompany balances and undocumented understandings, all of which surface in diligence without exception.
Management depth. What happens when the owner leaves, which determines both the price and how much of it is deferred.
Find out what a buyer would find
The pre-market diligence review is fixed-fee standalone work. You keep the findings and you are under no obligation to sell, or to use us if you do.
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