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Recent M&A Articles

M&A Wrapped: 2025 Year in Review

M&A Wrapped: 2025 Year in Review

By Kimberly Cravotta, FAAC® December 22, 2025

You may have seen or heard about Spotify Wrapped — the year-end recap that highlights your top songs, biggest moments, and fun stats from the past year. We decided to make our own version. M&A Wrapped is a look back at the year we just shared: the milestones reached, the work...

Don’t Let the Same Day Balance Sheet Ratios Sink an Acquisition

Don’t Let the Same Day Balance Sheet Ratios Sink an Acquisition

By Dave McClintock, CPA September 26, 2025

Why ED’s “day-one” balance sheet test can upend even well-modeled deals — and how to stay ahead. The Overlooked Test That Derails Deals When a private equity fund or strategic buyer acquires a Title IV institution, the focus is often on returns, synergies, and post-close integration. But for higher education acquisitions, one...

Understanding Gainful Employment Reporting Requirements

Understanding Gainful Employment Reporting Requirements

By Luke Hoey, FAAC® July 19, 2024

Understanding Gainful Employment Reporting Requirements: An Overview Gainful Employment (GE) reporting requirements have been a focal point of compliance challenges for postsecondary institutions since their introduction by the Department of Education (ED) in 2010. This is especially the case for those offering vocational and career-oriented programs. This article will delve into...