After 35+ acquisitions of my own and watching hundreds of searchers go through deals, I keep coming back to one observation: The difference between a home run acquisition and a bankruptcy usually isn't the industry, the multiple, or even the financing structure. It's a handful of things that were visible in diligence but easy to rationalize away. Tomorrow at 12 PM ET I'm going live with ^redacted‌ (CEO & Founder of PROX Capital Group, has touched nearly 500 businesses across M&A advisory, acquisitions, and operations) to dig into what the great deals had in common, and where the failed ones went wrong. Curious what this community thinks before we go live. For those of you who've closed, what's the one thing you saw in diligence that you now realize predicted how the deal would go, good or bad? RSVP here: redacted