Opportune is proud to announce its involvement in the strategic merger between Covia Energy and Black Mountain Sand, creating Iron Oak Energy Solutions - a leading North American proppant supplier. Our team provided comprehensive financial and accounting due diligence services, including:

• Financial Analysis: In-depth analysis of consolidated and carve-out financial statements, cash flow, net working capital, EBITDA, and EBITDA adjustments
• Accounting Review: Assessment of accounting policies, procedures, and internal controls.
• Carve-out Financial Due Diligence: Assessment of carve-out procedures, assumptions, and go-forward reporting implications.
• Representation and Warranties Insurance: Assist with the execution of the reps and warranties insurance process in support of the transaction.

In assessing the quality of earnings, Opportune tailored its services to understand the historical financial statements, analyze the complexities involved in the carve-out procedures, and assess the continued go-forward performance of the carve-out entity. By conducting rigorous due diligence, Opportune helped identify potential risks and opportunities, ensuring a smooth and successful transaction. Read more about this industry-shaping partnership at the link!