Red Flags That Kill or Reshape Deals

Spot acquisition red flags: revenue quality, EBITDA tricks, expense distortions.
Aired
Thursday, February 19, 2026
Red Flags That Kill or Reshape Deals
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A key skill in acquisition entrepreneurship is spotting the warning signs that result in overpayment or, worse, buying a business with fatal flaws.

Max Lummis and the team at forensic accounting firm LCS return for a live session devoted to answering your questions on all things due diligence.

LCS does the quality of earnings for dozens of search acquisitions every year.

In this session, Team LCS breaks down the red flags that kill deals or fundamentally change their economics.

Topics to include:

  • Revenue quality issues that make numbers look stronger than they really are
  • Unsupported EBITDA adjustments that inflate performance on paper
  • Expense timing distortions that can materially impact cash flow expectations

and more.

If you’re evaluating a business — or plan to — this conversation will sharpen your lens for what truly matters beneath the surface, and help you avoid costly surprises late in the process.

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