LIMESTONE Strategic Partners

LIMESTONE Strategic Partners is a due diligence and operating partner firm in Carmel, Indiana. We run fixed-fee quality of earnings and operational due diligence for buyers, sellers and SBA lenders on businesses earning roughly $500K to $5M of EBITDA, with a CPA and an operator on every engagement.

Our quality of earnings ties reported earnings to the bank and tests every add-back, and the report shows the ones we reject. Operational due diligence reads the business behind the numbers, starting with which seats still depend on the owner.

We also run Exit Readiness Reviews for owners a few years from a sale. Owners who want the work to continue keep us on as their embedded CFO and operating partner: the CFO owns the monthly close and a 13-week cash view, and the operating partner drives the value plan and moves decisions off the owner.

Ryan Anoskey, CPA, leads the numbers. He spent four busy seasons in external audit at Crowe and Harding, Shymanski, then built the transaction advisory practice at Blue & Co. He has run more than 100 quality of earnings reviews, buy-side and sell-side. Jared Luegers, CFA, spent nearly six years in equity research, then supported operations inside an independent sponsor's businesses through a $190 million sale, and served on the executive team of a $9 billion Indiana registered investment advisor.