Sample deal
Northstar Mechanical sample deal
A live fidelity view of how a lower middle market transaction sits in Dealinit. Current state, open issues, decisions, actions, and the evidence behind them.
The deal workspace
Dealinit — Northstar Mechanical
Northstar Mechanical
Deal 1042DRMHPN
- Preparation
- Market
- NDA
- IOI
- LOI
- Diligence
- Closing
WorkstreamsFinancialLegalCommercialFinancingTax
Revenue$12.4MTTM Jul 2026
EBITDA$2.1MAdjustments pending
StageDiligenceStep 6 of 7
Days in stage18Median 21
Current stateAttention required
Diligence is progressing. The owner compensation add-back and top customer concentration remain open ahead of the financing workstream.
Open items2 issues · 1 decision · 1 action
| Item | Type | Owner | Due | Status |
|---|---|---|---|---|
| Owner compensation add-back | Decision | Dana Reyes | Aug 26 | CPA review required |
| Customer concentration | Issue | Marcus Hale | Aug 28 | High |
| Review top-customer revenue and retention | Action | Marcus Hale | Aug 29 | In progress |
| Landlord consent | Issue | Priya Nair | Sep 03 | Waiting |
Issue detail
- HighCustomer concentrationTop customer represents 32% of revenue. Next action: review top-customer revenue, contract terms, and retention history.
- MediumOwner dependencyService estimating sits with the owner. Next action: confirm transition plan with management.
Owner compensation add-back
CPA review requiredQuestion
What level of owner compensation adjustment is supportable?
Proposed adjustment
$200K
Evidence
- CIM.pdf — Page 37
- Management Q&A — Aug 12
- Compensation benchmark