FASB ASC 805 Business Combinations requires the recognition and fair value measurement of all identifiable assets, liabilities and goodwill from a business combination. FASB ASC 805 introduces a number of significant changes to accounting for business combinations including the following:

  • More transactions and other events must be accounted for as business combinations requiring valuations
  • Transition from company assumptions to “market participant” assumptions changes key valuation inputs (e.g. acquired trade names may require valuation even if not used by acquirer)
  • Contingent liabilities and contingent consideration will require advanced valuation modeling
  • Valuation work will need to be started during the pre-transaction phase to avoid retrospective financial statement adjustments

 

Murray Devine has extensive experience in performing business combination asset allocations for financial reporting with the special expertise and skills necessary to address the challenges of implementing FASB ASC 805 Business Combinations.

  • Mesa Laboratories, Inc.

    (NASDAQ: MLAB)

    ASC 805 Business Combinations engagement in connection with the acquisitions of BGI Incorporated; BGI Instruments, Inc.; and PCD-Process Challenge Devices, LLC

  • SolAero Technologies Corporation

    a portfolio company of

    Veritas Capital

    ASC 805 Business Combinations engagement in connection with the acquisition of certain assets of the Space Photovoltaics’ division of EMCORE Corporation

  • LiquidHub, Inc.

    a portfolio company of

    NewSpring Capital

    ASC 805 Business Combinations engagement in connection with the acquisition of certain assets and liabilities of Foundry9, LLC

  • Sedgwick Inc.

    a portfolio company of

    KKR & Co. L.P.

    ASC 805 Business Combination engagement in connection with the company’s acquisition by KKR

  • Apex Parks Group

    a portfolio company of

    Broad Sky Partners

    ASC 805 Business Combinations engagement in connection with the acquisition of 15 parks from Palace Entertainment

  • Palace Entertainment

    ASC 805 Business Combinations engagement in connection with the acquisition of certain assets of Marine Exhibition Corporation

  • Priceline Group Inc.

    (NASDAQ: PCLN)

    ASC 805 Business Combinations engagement in connection with the acquisitions of OpenTable, Inc. and Buuteeq Inc.

  • All Metro Health Care Services, Inc.

    a portfolio company of

    Nautic Partners, LLC

    ASC 805 Business Combinations engagement in connection with the company’s acquisition by Nautic Partners, LLC

  • Access America Holdings, Inc.

    ASC 805 Business Combinations engagement in connection with the company’s acquisition by Coyote Logistics Midco, Inc.

  • Wabtec Corporation

    (NYSE: WAB)

    ASC 805 Business Combinations engagement in connection with Wabtec’s acquisition of certain assets of Dia-Frag Industria e Comercio de Motopecas Ltda.

  • Knoll, Inc.

    (NYSE: KNL)

    ASC 350 Intangibles – Goodwill and Other engagement

  • ALM Media, LLC

    a portfolio company of

    Wasserstein & Co.

    ASC 805 Business Combination engagement in connection with the company’s acquisition by Wasserstein & Co.

  • Transilwrap Company, Inc.

    a portfolio company of

    The Jordan Company, LP

    ASC 805 purchase price
    allocation valuation

  • Prolong Pharmaceuticals, LLC

    ASC 805 purchase price
    allocation valuation

  • Everett Laboratories, Inc.

    ASC 805 purchase price allocation
    valuation in connection
    with the acquisition of
    Quinnova Pharmaceuticals, LLC

  • Senesco Technologies, Inc.

    ASC 805 purchase price
    allocation valuation in connection
    with acquisition of Fabrus, Inc.

  • Agilex Flavors and Fragrances, Inc.

    a portfolio company of

    MidOcean Partners

    ASC 805 purchase price allocation valuation in connection with the acquisition of Oriental Aromatics, Inc.

  • CTI Foods

    a portfolio company of

    Thomas H. Lee Partners

    ASC 805 purchase price allocation in connection with the acquisition of CTI Foods

  • Pitney Bowes Management Services

    a portfolio company of

    Apollo Global Management, LLC

    ASC 805 purchase price allocation in connection with the acquisition of Pitney Bowes Management Services

  • Zest Anchors

    a portfolio company of

    Avista Capital Partners

    ASC 805 purchase price allocation valuation in connection with the acquisition of Zest Anchors

  • System One

    a portfolio company of

    MidOcean Partners

    ASC 805 purchase price allocation in connection with the acquisition of System One

  • HMS Holdings Corporation

    (NASDAQ: HMSY)

    ASC 805 purchase price allocation in connection with the acquisition of MedRecovery Management, LLC

  • Acosta, Inc.

    a portfolio company of

    Thomas H. Lee Partners

    ASC 805 purchase price allocation valuation in connection with the acquisition of Anderson Daymon Worldwide

  • Priceline.com

    (NASDAQ: PCLN)

    ASC 805 purchase price allocation valuation in connection with the acquisition of
    Kayak Software Corporation

  • Consolidated Container Company

    a portfolio company of

    Bain Capital

    ASC 805 purchase price allocation valuatioon in connection with the acquisition of Consolidated Container Company

  • Vantage Specialty Chemicals

    a portfolio company of

    The Jordan Company, LP

    ASC 805 purchase price allocation valuation in connection with the acquisition of H.I.G. Chemicals Holdings Corp. by Vantage Specialty Chemicals

  • Emdeon Inc.

    a portfolio company of

    The Blackstone Group

    ASC 805 purchase price allocation in connection with the acquisition of Emdeon