Testimonials
Doug and team were an intricate part for initiating and guiding our team through the sale of our company. Doug became an asset to our team and felt like a permanent team fixture through the process. He possesses strong communication skills, as well as a collaborative and influential style with all levels of our team members. We always felt that Doug had our best interest in mind and was steadfast in working through the more difficult stages of the sale process. Doug was always available for meetings and “on the fly” check ins. We miss him and would recommend Doug to any organization that is looking for growth strategies.
RENEE CASSERLY – Operations Executive, Benefit Concepts, Inc, Houston, TX
Doug’s attitude and professionalism were very helpful in assisting me in selling my business to Private Equity. Doug’s knowledge of the marketplace and his ability to demonstrate empathy toward my concerns and questions as an owner were very welcome. He did an excellent job of providing various scenarios and the financial impact of each. His calculation of the multiples and EBITDA in analyzing the value in the purchase price were spot on. Doug’s patience to make sure all the variables were properly reviewed, and his input were very helpful in maximizing the value of my business’s sale price. Doug was also instrumental with his knowledge to make sure that I picked a future partner that my business and people would be very comfortable with and allow future growth and our goals together would align. I would highly recommend Doug if you were thinking about selling your business now or in the foreseeable future.
MICHAEL H. SHAVER – President, Bonds Inc, Baltimore, MD
To those who seek counsel on matters of financial importance, I am writing this to recommend Douglas Waddington. In early 2022 it became clear that I would be required to sell my family- owned insurance agency. People sell their business for a multitude of reasons, and I strongly recommend that if you are considering such a decision, it is best to have a solid counselor to guide you through the process. Doug and his co-broker Tom Arcieri counselled and brought us several excellent suitors. Frankly, our heads spun a bit at the potential opportunities we were considering. It took a few months to tie all the financial and contractual pieces together, and Doug and Tom were there, advocating for us throughout the process. After the deal closed, two separate operational issues arose. Doug was there to advocate for us and remedy these items with the buyer. If you are an agency owner looking for a financial advisor to guide you through a significant transaction, I could not imagine a better choice than Douglas Waddington.
CHARLES E. UNDERHILL – CEO & President, Underhill Insurance Agency – Woodland Hills, CA
I just wanted to take a moment and express a sincere thanks from myself and the team here at Turbo Insurance Group. We found you and your services to be exactly what we were looking for; prompt, clear, detailed and your industry expertise really shined. As a professional, I appreciate the manner in which you communicated for needed information, and the way you articulated the data in your reporting. I would highly recommend Doug or anyone on his team if you are looking for a responsive, top-notch quality team in the valuation, M&A space.
MYLES JOHNSON – President, Turbo Insurance Group – Scottsdale, AZ
I am writing to express my commendation to Doug Waddington, for his exceptional assistance in the successful marketing and acquisition of Stateside Insurance Services. His active role and involved management throughout the process was highly commendable. From the initial stages of negotiation to the signing of the final contract, the professionalism and efficiency exhibited were unparalleled. Doug was consistently available for consultation, responding promptly and offering invaluable advice. The approach taken in representing Stateside accurately captured our market value, leading to an extremely favorable evaluation.
TIM JARVIS – Owner, Stateside Insurance Services – Austin, TX
I engaged Doug Waddington to assist in due diligence on the acquisition of a light manufacturing and modulation company in Phoenix, AZ. Doug was instrumental in helping us reconcile cash accounts, validate and tie financials to the actual performance of the company making our pro forma numbers far more realistic and reliable. Doug also built out models, schedules and pro forma financial statements to help us establish new baselines and forecasts that were shared with debt and equity capital partners. I found Doug to be more than competent and quickly trusted his guidance and advice. I not only recommend Doug to any other company seeking someone who has a command of Accounting, Finance, Operations and Strategy, but I look forward to engaging him again on our next deal.
DAVID MANNION – Advisor, FrameCor – Phoenix, AZ
Doug came to Avella as a consultant in 2015 to assist with diligence on two acquisitions which were completed in 2016. The Avella leadership team was impressed with the quality of work and the discipline he brought to our finance and accounting teams. Doug was then hired full time to lead our finance function, and eventually, assist the company through an exit. Avella was sold to United Healthcare in 2018. As a shareholder, it was wonderful to have an experienced professional like Doug leading this process. I would strongly recommend him.
NATHAN P. DOWNHOUR – COO, Avella Specialty Pharmacy – Phoenix, AZ
We have interacted with Doug as an extended member of our Investment Banking team on a number of transactions, most notably the successful sale of a large regional municipal recycling operation in the Southwestern U.S., where he worked closely with our team, and the client, to deliver detailed financial proforma’s, analytics, and forecasts, that were a critical component of the due diligence materials required by the publicly traded acquirer of the business. I would highly recommend Doug, as his financial work product is exceptional, and he understands what it takes to get a transaction across the finish line.
DERON BOCKS – President and Managing Partner, CapMatrix – Phoenix, AZ
Doug Waddington is a longstanding colleague and friend. He and I first worked together in 2015 at Avella Specialty Pharmacy shortly after I came to Avella as its CEO. Our accounting and finance team had been persistently understaffed, with turnover and limited capacity. As a result, the finance team members were not delivering adequate support to the rest of the company. We brought Doug in as a consultant to help bring accounting and financial forecasting and planning up to the level we needed and to analyze and support acquisition opportunities. We were so pleased with the leadership and contributions he brought to the company that we hired him full time. He brought much needed discipline to our accounting function, monthly financial reporting, long range planning. As we moved into the sale of Avella in 2018, Doug’s leadership and support was vital to our successful diligence process and transaction. Doug is a problem-solver, a reliable and insightful colleague and the guy you want supporting organizations big and small to establish strong financial operations and partner with other company leaders to elevate everyone’s performance.
REBECCA SHANAHAN – CEO, Avella Specialty Pharmacy – Phoenix, AZ
I had the pleasure of working with Doug and his firm in 2021 when selling my business. Doug’s expertise and professionalism made the entire process seamless and efficient. He expertly managed all financial details, presentations, and negotiations, ensuring that both my business partner, John, and I were well-represented. Doug’s dedication and skill were instrumental in achieving a successful sale and getting us top dollar. I wholeheartedly recommend his services to anyone looking to navigate the complexities of business transactions.
ADAM MILEY – Managing Partner, AGM Benefit Solutions – Baton Rouge, LA
Doug has been a professional colleague and friend for the last ten years. He has worked directly with our firm on multiple M&A client engagements, and generously offered his advice and support on numerous other projects and situations. Doug has a unique blend of financial acumen, technical skill and customer management. He seamlessly converts complexity to simplicity and makes clients feel comfortable and confident as they oftentimes face hard decisions. I enthusiastically recommend Doug to anyone seeking a highly experienced financial specialist and l look forward to working with him on our future transactions.
DAVID WESNER – Co-Founder & Managing Director, Momentum Capital Advisors – Phoenix, AZ