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Recent Acquisitions & Due Diligence Articles

McClintock & Associates Honored with Partner of Distinction Award

McClintock & Associates Honored with Partner of Distinction Award

January 25, 2022

Recognition Rasmussen University (Rasmussen), a private college with 23 campuses in Florida, Illinois, Kansas, Minnesota, North Dakota and Wisconsin, has established itself as a pioneer in career-focused education. Rasmussen has an annual Partner of Distinction award which recognizes a company that has met the four following criteria and the selection…

How to Avoid a Letter of Credit After a Change in Ownership

How to Avoid a Letter of Credit After a Change in Ownership

By David B. McClintock, CPA April 10, 2019

Making an acquisition in a highly regulated industry like postsecondary education means following required procedures and obtaining approvals from multiple agencies. Often, the most significant approval comes from the U.S. Department of Education (ED) because the approval can include a requirement to post a letter of credit with ED as…

Accounting Pronouncement Impact

Accounting Pronouncement Impact

By Michael T. Wherry, CPA November 19, 2018

Over the past couple of years, a handful of Accounting Standard Updates (ASU) issued by the Financial Accounting Standards Board (FASB) related to business combinations and consolidations have had an impact on our clients.  Since increased merger and acquisition activity has been seen in 2018, a short summary of the…