Tri-Advisory
Local Austin Financial Due Diligence and Transaction Advisory
About Us
Chris is an Austin-based finance professional with a decade of experience in consulting and public accounting, focusing as a transaction advisory and financial due diligence specialist. He holds a bachelor’s and master’s in Accounting and is a current CPA licensed in Texas.Chris has served as a Manager and Senior Manager at globally recognized firms, including Grant Thornton's and Berkely Research Groups transaction advisory practices. Along the way, he led financial due diligence on deals with enterprise values from $5 million to $1 billion+, across industries like software, manufacturing, financial services, and oil and gas. After 14,000 hours on 150+ unique client engagements, he decided to bring that experience to the local Austin business community.What he enjoyed most was being a resource for smaller company CFOs working through a transaction for the first time, and sitting down with the “mom and pop” owners selling their business to one of his clients to walk them through each step. Tri Advisory grew out of that: an outsourced, fractional resource for Austin businesses, offering expertise that has traditionally been found only in larger outside markets.Chris also brings an owner’s perspective. As Acting President and CFO of an Austin-based commercial real estate investment and operating company with 30,000+ square feet of assets under management, he handles the same financial decisions his clients face.Outside of work, Chris is a member of the Young Men’s Business League of Austin, where he volunteers with Austin Sunshine Camps, a non-profit that gives Austin-area kids the magic of overnight summer camp at no cost. He also serves on the Austin Sunshine Run Committee as Volunteer Chair and Budget Chair.
Our Work
In a transaction, who is on your side?We act as an impartial resource to help you navigate your transaction, place guardrails on an inherently risky activity, identify areas value may be left on the table, and tightening up commonly taken for granted back-end deal processes which may result in significant loss of deal value. Our goal is to go beyond providing normalized EBITDA and use our experience to provide tailor made insights for real world results.
Services
Cash proof of revenue & cash proof of expenses analysis
Are you looking for a way to lend credibility to the income and expenses of a business, but don't see the need for a full financial statement audit? This analysis provides a roadmap that connects financial reporting to bank statements, validating cash in and cash out of a business.Quality of revenue
Are you looking for a way to better understand the drivers of revenue? A business may have sold equipment and classified as revenue or received an order outside the norm of the business which is unlikely to be repeated in the future. This analysis dives into the makeup of revenues to help understand the composition of and sustainability of revenues.Quality of earnings
Are you looking for a way to better understand net earnings? A business may have notable non-business expenses that are not expected to continue after a transaction or signed a new lease with an extended rent free period that represent a non-recurring benefit to the business. This analysis dives into everything that goes into the bottom line earnings.Indebtedness
Are you looking for a way to understand the obligations of a business, beyond just notes to banks? A prospective lender or buyer wants to know what obligations exist within a business to make informed decisions on what risk they are willing to absorb or extinguish as a part of the transaction. This analysis dives into the future cash outflows of the business and helps avoid unexpected reductions in net proceeds from a transaction.Quality of working capital
You've successfully negotiated the purchase price of a business, but at the transaction close date the business is expected to hold a certain amount of working capital. If the business misses this target, there could be a potentially significant true-up of the proceeds paid at close. This analysis dives into what normal working capital for a business is and helps determine a fair benchmark to avoid a potentially significant true-up at transaction close.Purchase agreement advisory
You’ve done everything right. You understand the business, its customers, have a good grasp on normalized earnings, and feel more confident in your proposed transaction. You’ve also identified indebtedness and a fair target working capital level to be delivered at close in order to determine true-up and proceeds at close. If these matters are not clear in your purchase agreement, it may be all for not and lead to headaches and conflicts at close. In this service we review the purchase agreement prepared by the attorneys from the perspective of an accountant, providing recommendations to help avoid surprises when the purchase agreement is translated into dollars.If there are other services you are interested in such as forecast modeling, post-transaction fractional CFO, or otherwise we can use our network to help you.
Contact Us
Tell us about the business problem you are looking to solve.