Reply To: Can you trust business broker DD?

#115849

Paul Reed
Participant

No.

I have serve as an business intermediary/broker for over 5 years now and would agree the qualifications for this industry are minimal at best and there are no self regulating organizations.

Often these business broker positions entail simply attending a short few days of corporate training to give an overview of the transaction process.

Intermediaries without additional education in the M&A or in financial analysis are not prepared to conceptualize or provide due diligence outside of a generic report on the business.

Further, no intermediary should claim they have conducted a formal due diligence on any business.

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