I've got an active LOI on a small hydraulic repair/service company at 1.7M and am about to go into due diligence. The financials seem to be relatively straightforward, the tax returns match the P&L statements, etc. Is it best practice to do a full QOE on a company of this size/nature, or is there another path that provides the insight needed into a target's financials?
I appreciate any guidance/thoughts on this!