Vexis
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Acquisition sourcing & diligence

Count the crew. Count the trucks. Before you ever call.

Vexis counts the people in each company's team photo and the vans and trucks on its lot from the satellite view, finds the owner, and links every number to the image it came from.

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A company's team photo with a box around each of the 14 faces
Team, from their own photo14 peopleowner, 2 office staff, 11 techniciansEvery face in the posed team photo is found and counted. Job-site and stock photos are ignored.
A satellite view of a shop's lot with a box around each vehicle
Fleet, from above9 vehicles4 vans · 2 trucks · 3 carsEach van, truck and car on the lot is boxed in the satellite view, so you can see what was counted.

Every count opens to the image behind it

01 · Sourcing & research

A whole territory, researched.

Search by zip code, radius and trade. Screen out chains and other trades, then research the shortlist: owner, team and fleet for each, with a source behind every count.

The Vexis sourcing workspace
The workspace in twenty seconds

A territory, researched, down to the people in the photo.

02 · Financial diligence

Diligence held to the standard of an audit trail.

01Read verbatim, then verifiedEvery page is transcribed as printed. Each figure is then checked against the document's own text layer, footed and cross-footed. Discrepancies are raised for review, never quietly corrected.
02Reconciled before it is analyzedAccounts are mapped to one chart of accounts by economic substance, consistently across years. Net income ties to the printed statement before a single ratio is drawn.
03Add-backs with their evidence attachedEach normalization records its basis, its rationale and its support: documented, seller-asserted or buyer estimate. Adjusted EBITDA is stated with and without the seller's claims.
04Measured against the peer setMargins and cost lines are set against your proprietary benchmark data, year by year, at the median and interquartile range, so outliers are visible before the first call with the seller.
The deliverable

A workbook, not a summary.

Eleven tabs your lender and accountant can audit: the reconciled income statement, monthly detail, common-size ratios, the add-back schedule, normalized earnings, red flags and the peer benchmark. Every derived value is a live Excel formula that points back to the source page.

Adjusted EBITDAWith and without seller claims
SDEAt a market replacement salary
Sources & crosswalkEvery line to its source page
The Normalized Earnings tab of an exported workbook

From a map of a territory to a number you can defend.