SCF Partners, a leading energy-focused private equity firm, sought to execute a high-profile investment in T.D. Williamson Inc. (TDW), a century-old global leader in pipeline intervention and isolation products. Operating across six continents in over 100 countries, the target’s vast international footprint presented complex financial reporting and valuation challenges.
The primary goal was to validate the stability of earnings across multiple domestic and international subsidiaries during a period of significant global activity. SCF required an advisory partner with deep senior-level expertise in energy to provide a forensic quality of earnings (QofE) report that could identify items impacting valuation and financing. Opportune was uniquely qualified to lead this due diligence effort due to its specialized knowledge of the energy service and equipment sector and its agile implementation approach to complex financial transactions.
Opportune’s Transactional Due Diligence team rapidly deployed to perform a granular forensic analysis of TDW’s historical financial performance. Our professionals modeled and optimized the valuation process by reconciling historical EBITDA to the annual income statement and mapping revenue and gross margin trends across all material P&Ls.
To ensure a successful investment outcome, Opportune's experts structured and implemented a rigorous review of non-recurring and non-cash transactions, providing critical pro-forma adjustments that directly impacted the deal's economic structuring. Beyond technical accounting, our consultants integrated with legal counsel to review and negotiate deal documents, summarizing complex working capital fluctuations across accounts receivable, accounts payable, and accrued liabilities. This value-focused approach provided the clarity needed to finalize a transaction involving a company with nearly 500 registered patents and a critical role in global pipeline safety.
When you choose Opportune, you gain access to seasoned professionals who not only listen to your needs, but who will work hand in hand with you to achieve established goals. With a sense of urgency and a can-do mindset, we focus on taking the steps necessary to create a higher impact and achieve maximum results for your organization.
