Another great discussion at M&A Source as the conference is on its last day.
A session was led by Jeff Snell, who moderated a discussion featuring Cress V. Diglio, Kyle Madden, Steve Mariani, and Evan Ottaviano as panelists. The main focus of the session revolved around add backs, which are also referred to as adjustments or normalization items. The purpose of add backs is to accurately determine the financial performance and value of a target company. The panelists shared their insights and experiences, providing practical guidance on how to identify, quantify, and justify add backs. They also examined various common types of add backs, such as non-recurring expenses, owner-related expenses, and one-time investments, while discussing potential challenges and pitfalls in the process.