Golden State Assembly Case Study
“This was a long and complicated process. I really believe that Ascend is the only firm that could have brought us across the finish line.”
~Cesar Madrueno
Based in Silicon Valley, GSA is a tier-one manufacturer in the e-vehicle, aerospace, communications, and technology sectors, working with some of the top companies in the world. The focus of this transaction was not only to obtain the highest valuation, but also to identify the best partner to facilitate exponential growth. Ascend succeeded in finding the right partner to complete a deal that brought in a very high up-front valuation and allowed our client to retain 45% of the new company going forward.
This transaction was extremely complex and took over two years from engagement to completion. This was primarily due to the financial systems component. The company had grown so quickly from several million in revenue to over a hundred million and this segment of the company's operations had not kept up. This transaction could never have made it through due diligence by the buyer and financial institutions without Ascend’s comprehensive CPA experience and expertise.
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