Searchers & Independent Sponsors
Senior-associate-level modeling and diligence so you can move on a deal without carrying full-time analyst overhead.
FirmLedge · SMB + LMM Transaction Support
Deal, diligence, and value-creation support for SMB and lower-middle-market transactions.
FirmLedge delivers investor-grade financial analysis and decision-ready models for searchers, independent sponsors, business buyers, owners, intermediaries, and lower-middle-market investors as fixed-fee or hourly transaction support. Senior-associate-level analytical capacity on your deal, without adding headcount.
- Searchers & Independent Sponsors
- Business Buyers & Operators
- Business Owners
- M&A Advisors & Brokers
- Boutique PE / Family Offices
Built by a former private equity senior associate and investment banking analyst · 7 closed transactions · closed-transaction experience up to ~$250MM.
00 · Track Record
A practitioner record, not a pitch.
7
Closed transactions, buy-side and sell-side
~$250MM
Closed-transaction experience by deal size
200+
Platform & add-on opportunities screened / evaluated
20+
LOIs supported through diligence
PE + IB
Prior PE Senior Associate and former IB analyst
01 · Who We Help
Built for the people doing the deal.
FirmLedge plugs in as on-demand analytical capacity for the operators, investors, and advisors who need investor-grade work without standing up a full deal team.
Business Buyers & Acquisition Entrepreneurs
Pressure-test the numbers before you sign, finance, or operate the business.
Business Owners & Management Teams
Organize financials, KPIs, and operating data into cleaner analysis for buyers, lenders, advisors, or internal decisions.
M&A Advisors & Brokers
Add analytical bandwidth to client engagements without expanding your bench.
CPA Firms & Fractional CFOs
Overflow, deal-specific analytical support when client transactions exceed your in-house capacity.
LMM Investors, Boutique PE & Family Offices
Outsourced deal-team analytics for direct deals, add-ons, and portfolio work.
02 · What We Do
Decision-ready models and diligence support.
Six lines of investor-grade analytical support, scoped to your deal and priced fixed-fee or hourly. We build the analysis; you keep the decision.
Acquisition Model & Returns Support
LBO builds and rebuilds that hold up under scrutiny.
Diligence Support
Financial and commercial diligence that surfaces the real risks.
Working Capital / NWC
Net working capital work that protects the purchase price.
Lender / ABL Support
Financing-ready packages for your debt process.
Seller Financial Readiness
Buyer-ready financial organization before a sale, financing process, or investor conversation.
Value-Creation Analytics
Post-close analytics that turn data into decisions.
03 · Sector Exposure
Sector exposure across SMB and lower-middle-market operating businesses.
FirmLedge work is built around the same questions across sectors: revenue quality, margin durability, working capital, customer concentration, vendor dynamics, financing support, and post-close value creation. Representative exposure spans the categories below.
Industrials & Specialty Distribution
Distribution and industrial operating models where pricing, inventory, vendor terms, customer concentration, and working capital often drive the diligence agenda.
Representative examples Seafood and specialty food, healthcare distribution, industrial distribution, MRO, electrical, chemicals, grain and meat, electronics / networking / data center, fasteners, and industrial filtration.
Building Products, Materials & Home Services
Cyclical, project-based, and service-heavy markets where mix, backlog, labor utilization, commodity exposure, and cash conversion matter.
Representative examples Building products distribution, construction materials and aggregates, windows and doors, outdoor products, homebuilders, lumber and steel distributors, HVAC, mechanical contractors, electrical services, roofing, waterproofing, mold remediation, and outdoor / garden services.
Tech-Enabled & Business Services
Asset-light and recurring or process-driven services where retention, utilization, contract quality, labor model, service levels, and KPI quality are central.
Representative examples Managed IT services / MSPs, staffing solutions, staffing technology, employment screening, employment services and benefits, BPO / procurement, inspection services, vehicle registration and licensing services, supply chain services, and credit reporting / bureau services.
Healthcare & Specialty Services
Healthcare-adjacent and specialty service models where referral dynamics, reimbursement or payor considerations, capacity, utilization, and compliance-aware diligence matter.
Representative examples Value-add medical equipment distribution, fertility services, healthcare services, and related specialty service models.
Transportation, Franchise & Consumer Services
Service and consumer models where unit economics, location-level performance, customer demand, labor, and operating consistency are key diligence questions.
Representative examples Truck brokerage, transportation and freight services, franchise concepts, trampoline parks, fitness chains, and other multi-site or repeatable service models.
See full sector exposure map →
Representative exposure shown at the industry level only. No client names, target names, or confidential transaction details are shown.
04 · How Engagements Work
Scoped, senior, and fast to start.
Fixed-fee or hourly, with a clear scope before any work begins. Most engagements move from first call to delivered analysis in days, not weeks.
Scope
We define the deliverable, timeline, and fee before work starts, with no open-ended retainer.
Review
You send the financials, model, or data room; we review inputs and confirm scope.
Build
We build the model, diligence analysis, or financial package to investor-grade standards.
Deliver
You receive decision-ready files plus the supporting workings, ready to use with buyers, lenders, or your IC.
Project Sprint
Fixed-fee scoped analysis for a live deal, model review, lender package, or portfolio issue.
Monthly Support Retainer
Ongoing analytical capacity for active searchers, sponsors, or lean PE teams reviewing recurring deal flow.
Portfolio / Value-Creation Support
Recurring or project-based KPI, margin, working-capital, and reporting support.
05 · Scope & Boundaries
Analytical support, not regulated transaction services.
FirmLedge provides fixed-fee or hourly analytical work product. We are not a fractional CFO shop, an accounting or audit firm, a QoE or valuation-opinion provider, an investment bank, a broker-dealer, or a securities or capital-raising advisor. Clear lines keep engagements clean.
What we do
- Acquisition and operating model support, builds, and pressure-testing
- Financial and commercial diligence support and IC-memo input
- Net working capital and peg analysis
- Lender-package, borrowing-base, and covenant support
- Buyer-ready financial packaging and adjusted-EBITDA support
- KPI, margin, and value-creation analytics
- Management, investor, and lender materials support
What we don't do
- Legal, tax, audit, or assurance services
- Formal Quality of Earnings (QoE) reports
- Fairness or valuation opinions
- Investment advice or securities advisory
- Broker-dealer services, capital raising, or investor solicitation
- Transaction negotiation or success-fee-based deal services
FirmLedge delivers analysis and supporting materials. Decisions, opinions, attestations, and regulated services remain with your own legal, tax, audit, banking, and advisory professionals.
06 · Who's Behind It
Built by a practitioner, not an outsourcer.
Andrew Gallagher
Founder · FirmLedge
FirmLedge is led by Andrew Gallagher, a private equity investor and former investment banking analyst, most recently a private equity Senior Associate at SNH Capital Partners. He brings that same senior-associate-level analytical capacity, built across buy-side and sell-side deals, directly to your transaction.
- Former PE Senior Associate
- Former IB Analyst (Industrials)
- 3 buy-side PE acquisitions
- 4 sell-side M&A / carve-outs
- Multi-billion-dollar strategic M&A analysis
Andrew is also the creator of UpLevered, a practitioner desk reference for middle-market private equity.
07 · Start a Conversation
Have a live deal, overloaded diligence workstream, or a model that needs pressure-testing?
Tell us the situation and the timeline. We'll tell you whether it's a fit, how we'd scope it, and what it costs (fixed-fee or hourly).
Please do not include confidential, MNPI, or sensitive transaction materials in the initial email. If the project is a fit, FirmLedge will coordinate a secure intake process.