Why this firm exists
Operational due diligence for acquisition buyers.
Most operational risk in lower-middle-market acquisitions is discovered after close — not because buyers aren't thorough, but because QoE, legal, and tax workstreams are not designed to answer the operational transferability question.
Ledgerstone Advisory exists to answer that question before the ink dries. Fixed scope, inspectable outputs, delivered pre-close. No open-ended consulting. No implementation. One job: tell you what breaks when the owner walks out, while you can still price it.
How we work
Fixed scope. Inspectable outputs. No ambiguity.
Every engagement is fixed-scope and fixed-fee. Scope is defined in writing before work begins. Exclusions are explicit. There is no ambiguity about what the deliverable is or what it is not.
Outputs are designed to be inspectable — by buyers, lenders, co-advisors, and counsel. We do not produce narrative memos that obscure judgment. We produce structured assessments with clear findings, evidence, and decision-relevant conclusions.
We are not a Big 4 substitute and do not try to be. We are a specialist who answers a specific question faster and more precisely than a generalist workstream can.
Engagements
Two fixed-scope offers. No open-ended consulting.
01 — Red-Flag ODD Scan
Fast screen for post-close operational fragility. One memo, one readout. Fixed fee.
Timeline: 5 business days after complete inputs.
02 — Operational DD Sprint
Full ODD engagement: key-person dependency analysis, workflow fragility assessment, systems readiness review, supplier concentration map, and a first-100-day risk memo. Fixed fee.
Timeline: 2–3 weeks after complete inputs and management access.
We work with
Independent sponsors, searchers, LMM PE, and private credit professionals on U.S.-based operating businesses in active diligence.
We do not do
Open-ended retainers, implementation, legal opinions, or post-close work without a prior pre-close relationship.
About the founder
Connor Peterson, Founder
Connor Peterson is a senior Workday and HR systems consultant with cross-functional M&A integration experience, including people, workflow, systems, and operational cutover diligence. Prior work spans implementation, integration execution, and operational readiness across lower-middle-market transactions.
Mandarin-fluent with direct supplier verification capability for China-linked supply chains.
Ledgerstone Advisory was built to fill the gap between financial diligence and operational reality — for buyers who need to know what they're actually buying before they buy it.
Ready to work together? Request an ODD Engagement →