Finance & Accounting
Quality of earnings and add-on diligence on sponsor timelines
Northgate runs buy-side and sell-side quality of earnings, working capital analysis, and carve-out financials. Known for turning add-on diligence in three to four weeks without the bulge-bracket price tag.
Value proposition
Diligence that keeps pace with add-on timelines and holds up with lenders.
Pricing
Fixed fee per deal, typically $60–150K for a QoE.
Verified portfolio executives only
CFO · $310M specialty chemicals
Backed by a middle market buyout fund
Sep 2026
Northgate turned buy-side diligence on a $40M add-on in 19 days. The working capital peg held through the true-up, and the lender accepted their report without a second firm.
Watch out for: Expensive for small deals under $15M of EV. Consider their lighter scope.
CEO · $120M software
Backed by a upper middle market fund
Apr 2026
We hired them 9 months before the process launched. They found $3M of EBITDA adjustments we could defend and cleaned up revenue recognition before buyers found it.
Watch out for: You need someone internal with time to feed them data quickly.
CFO · $520M food & beverage
Backed by a upper middle market fund
Dec 2025
The partner was on every call, which is not what we got from the Big Four. Carve-out financials were thorough.
Watch out for: Expect to push back on the hours. The final invoice ran 15% over the estimate.