Raskaspari

Heavy-duty vehicle specialist Raskaspari Oy needed a Due Diligence review to support its growth and business acquisition. Gallant conducted a thorough inspection of the target company and provided a clear analysis to facilitate the transaction.

Raskaspari is a growing expert in heavy-duty vehicles with a decade of experience in maintenance, sales, and repair services. The company is an authorized Volvo and Renault service provider and dealer, operating in the Iisalmi, Joensuu, Kotka, Kouvola, and Mikkeli regions. With the acquisition of Nappa Machine Oy as a subsidiary, Raskaspari expanded its operations to Kouvola.

After 1.5 years of negotiations with Nappa Machine, the companies signed a letter of intent. From the outset, it was clear that Raskaspari wanted an external expert to handle the DD process - someone who could identify all opportunities and risks beyond what public sources and financial statements alone could reveal. They chose Gallant as their trusted partner.

"We had been through a similar process in a previous acquisition, and from the very beginning, it was clear to us that conducting Due Diligence was the right choice. It’s the only proper way to handle business acquisitions," says Heikki Tuomainen, Sales Director and co-owner of Raskaspari Oy.

"When all the documents have been thoroughly reviewed, you can be confident that everything is in order. Gallant provided us with a comprehensive overview of the target company and answers to all the key questions," Tuomainen continues.

"Due Diligence naturally influenced our decision-making - it is, after all, the backbone of any acquisition. The DD report confirmed the accuracy of the information, giving us a sense of security and making a significant decision much easier."

The Due Diligence report documents key aspects of the target company's financial, legal, tax, and personnel situation, making the purchase decision more straightforward. For this, Gallant receives praise from Tuomainen:

"The report prepared by Gallant made the transition phase much smoother. We received insights into what was already in order, as well as aspects that required attention - things we will now address moving forward. The DD report became a kind of handbook for us, helping us navigate the next steps. When Due Diligence is done thoroughly, we can focus on what truly matters."

"Gallant’s approach was clear and efficient. The process was handled swiftly, and the report was easy to read, making it simple to extract the key points. Based on our experience, we can recommend Gallant to anyone going through a business acquisition," Tuomainen concludes.