Apps & Tools · Live returns model
Entry, leverage, growth, exit: the four levers of the deal, live
The finished work
A 7.2x HVAC acquisition with IRR and MOIC moving as you drag.
What they asked for, word for word
Private equity, lower middle market. We're evaluating the acquisition of Trident Mechanical Services (fictional target, real discipline): commercial HVAC service and installation, Southeast US, $118M revenue, $16.8M adjusted EBITDA, founder retiring, asking 7.2x. Roughly 60 percent of EBITDA is recurring service contracts; the rest is project work. We'd put 45 percent equity against debt at today's rates.
Build me the deal book: quality-of-earnings red flags to chase in their adjustments — what does "adjusted" hide in a business like this; the value-creation plan — pricing, route density, tuck-ins, back-office — with what each lever is realistically worth; the 100-day plan from close; and a returns model I can actually play with — entry multiple, leverage, growth, exit multiple as levers, showing IRR and MOIC as they move, because my partners argue about assumptions and I want to settle it live in the room. Then the IC memo: do we bid 7.2, bid lower, or walk.
What the studio made
The returns model from the Trident deal book, made to settle assumption arguments live in the room: drag the levers, open the year-by-year debt and free-cash-flow schedule, watch IRR and MOIC move. The deal book stands on the Venture & Private Equity shelf.
Build your own
You have a deal to argue over. Tell Laura in your own words and watch her AI team model it live.
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