Kincaid IQContact
M&A / VC / PE Diligence

Find Leakage. Prove It.
Underwrite It. Track Realization.

Evidence-based diligence that survives integration reality. Transform claimed synergies into proven outcomes with cryptographic evidence receipts and autonomous realization tracking.

Claimed Synergies
$18M

Pre-close management promises

Proven & Realized
$7.4M

Evidence-backed outcomes

In-Flight
$4.1M

With owners & timelines

Realization Rate
87%

With evidence framework

Why Most Synergies Evaporate

The gap between pre-close promises and post-close reality destroys value. Here's what actually happens.

Pre-Close Promises

Management claims '$15M in cost synergies' with PowerPoint decks and high-level categories. No owners, no timelines, no evidence receipts. Deal model assumes 80% realization based on 'confidence'. Board approves without proof framework.

Post-Close Reality

18 months later, CFO can't prove any realization. No ledger, no reconciliation, no accountability. Integration team disbanded, knowledge lost. Exit valuation drops $60M due to unproven synergies. LP confidence shattered.

Core Services

Evidence-based diligence and value realization tracking that survives integration reality.

Diligence Proof Packs

Evidence receipts, methodology disclosure, and reconciliation outputs that reduce 'trust gaps'. 2-4 week sprint delivers validated synergy claims with probability weighting.

Integration-Ready Workflows

Owner assignment, approvals, and closure loops—built for post-close execution, not slideware. Day 1 ready with baseline reconciliation and weekly tracking cadence.

Realization Governance

At-risk decay logic, exception queues, and weekly/monthly reconciliation routines. 87% average realization rate with evidence framework vs 23% industry average.

Engagement Phases

Diligence Sprint (Pre-Close)

Rapid signal extraction with proof standards: what's real, what's recoverable, what's speculation. Evidence pack build (claims → receipts), value leakage identification with cost breakdown, at-risk assessment with probability weighting. Typical: 2-4 weeks, $50K-$150K.

Post-Close Value Office (Integration)

Convert identified value into realized value, with owners, dates, and evidence-backed accountability. Value ledger setup, owner assignment + approval workflows, weekly realization tracking, quarterly board reporting with evidence packs. Typical: 90-180 days, retained or success-fee.

Real PE Case Study
$18M Synergies Claimed → $7.4M Proven
$18M
Claimed in diligence
$7.4M
Proven & realized
$4.1M
In-flight with timelines
The Situation: Mid-market PE firm acquired B2B SaaS company with $18M in 'cost synergies' identified. Buyer's diligence team demanded proof before close. Seller had no evidence receipts, no owner assignment, no reconciliation framework.
Kincaid IQ Intervention: 90-day value office sprint. Built evidence packs for each synergy claim, assigned owners with approval workflows, weekly reconciliation cadence, and controls monitoring. Separated proven ($7.4M), in-flight with timelines ($4.1M), and speculation ($6.5M written off).
The Outcome: Exit closed at premium valuation because buyer had confidence in realization discipline. Buyer adopted Kincaid IQ framework for their portfolio. Deal almost died due to synergy credibility gap—evidence receipts saved it.

Schedule a Diligence Review

Transform synergy claims into proven outcomes. Evidence-based diligence and value realization tracking that survives integration reality.