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 & Operators
Pressure-test the numbers before you sign, so you buy on a model you actually trust.
Business Owners & Operators
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.
- Sources & uses, debt schedules, returns bridge
- Sensitivity tables and scenario toggles
- Model pressure-testing and rebuilds of inherited files
Diligence Support
Financial and commercial diligence that surfaces the real risks.
- Diligence question lists and add-back analysis
- Customer, vendor, revenue, margin, and KPI analysis
- Red-flag identification and IC-memo support
Working Capital / NWC
Net working capital work that protects the purchase price.
- NWC analysis, peg support, and true-up review
- AR / AP / inventory and cash-conversion analysis
- Seasonality and working-capital bridges
Lender / ABL Support
Financing-ready packages for your debt process.
- Borrowing-base models and lender case builds
- Covenant analysis and pro forma debt
- Debt-capacity and downside-coverage analysis
Seller Financial Readiness
Buyer-ready financial organization before a sale, financing process, or investor conversation.
- Historical financial cleanup and P&L recast support
- Adjusted EBITDA and add-back support
- Evidence organization and seller / advisor process support
Value-Creation Analytics
Post-close analytics that turn data into decisions.
- KPI dashboards, pricing, and margin analysis
- Customer profitability and vendor-spend analysis
- Synergy modeling and post-close integration analytics
Not sure which fits your situation?
Start a conversation
03 · Representative Experience
Sectors we've worked in.
A cross-section of buy-side and sell-side situations across SMB and lower-middle-market industries. Engagements are anonymized; no client names or confidential figures are shown.
Specialty Food & Seafood Distribution
Margin, customer-concentration, and working-capital analysis for a perishable, high-velocity distribution model.
Value-Add Medical Equipment Distribution
Revenue, margin, and add-back analysis supporting a buy-side diligence process.
Managed IT Services / MSPs
Recurring-revenue, retention, and KPI analysis for a services platform with contracted revenue.
HVAC Services
Seasonality, service-mix, and margin analysis in a field-services operating model.
Building Products & Industrial Distribution
Pricing, inventory, and working-capital analysis across cyclical industrial demand.
Industrial Services & Industrial Filtration
Diligence and modeling support across industrial services and filtration operating models.
Sectors illustrative of prior buy-side and sell-side work; no client names or confidential figures.
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 — 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.
48-Hour Model Review
Pre-LOI Diligence Burst
Post-LOI Support
Lender-Readiness Package
Seller Financial Readiness
Portfolio KPI / Value-Creation Analysis
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 (promoted from Associate), Andrew previously worked in Industrials investment banking at Wells Fargo Securities, in M&A advisory at a top-10 U.S. accounting firm, and at Nephila Advisors, then the largest insurance-linked securities manager. Across buy-side and sell-side mandates he has closed seven transactions — three buy-side private equity acquisitions and four sell-side and carve-out deals — with closed-transaction experience up to ~$250MM, 200+ platform and add-on opportunities screened, and 20+ LOIs supported. FirmLedge brings that same senior-associate-level analytical capacity directly to your deal.
- 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.