Solutions / Corporate Development

From first screen to board approval, in one window.

A lean team runs the whole pursuit here. The agent screens targets, frames valuation against precedent deals, and builds the board materials in your house style, and every number on the page opens to its source.

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Project Kestrel — acquisition of Aldridge Controls

4 workflows·ACTIVE·kestrel-9b31@corpdev.arcalabs.ai

Add workflow

Workbench Deal Log Editor Explorer

Accretion / dilution for the board

Build the year-one EPS bridge at the current offer and financing mix.

Used 4 tools · 14s Thinking…

Search files · Aldridge_Management_Deck.pdf1.7s

FactSet · Controls comp set2.5s

Read file · Kestrel_Model.xlsx3.8s

Write file · Kestrel_Accretion.xlsx6.0s

Year one is 4.0% dilutive on GAAP. Standalone $3.52, Aldridge adds $0.19 after 24.5% tax, financing costs $0.33 at SOFR+250 on 69.4M shares — $3.38 pro forma. Saved as Kestrel_Accretion.xlsx.

Kestrel_Accretion.xlsx

Excel · 44 KB

Reply to add a follow-up that sends when this finishes

Kestrel_Model.xlsx Excel

Kestrel_Accretion.xlsxv1

Project Kestrel · Board case

Standalone to Pro Forma EPS

Year one, GAAP · 24.5% tax · 69.4M shares · $ per share

$3.52Standalone

+$0.19Aldridge

−$0.33Financing

$3.38Pro forma

Every figure traced to its source · Adjusted EBITDA per the deal's Definitions

AccretionInputsSources

Files

01 — Target materials

Aldridge_Management_Deck.pdf

02 — Board case

Kestrel_Model.xlsxv4

Kestrel_Accretion.xlsxv1

Board_Case_v4.pptxv4

Definitions

Adjusted EBITDA

SBC Treatment

NWC Definition

Emails3

Aldridge — clarifying questions

Financing indication, lead bank

Workflows2

Market map refreshDaily

Pipeline trackerWeekly

Every figure traced to the source Source: FactSet · pulled 08:20 ET

From the addressable universe to a shortlist you can defend.

The challenge

Board-grade rigor from a team of three.

Corporate development carries a bank-sized workload on a fraction of the bench, with the pipeline, the valuation, and the board backup scattered across FactSet, Excel, the data room, and the deck. ArcaLabs collapses the pursuit into one surface and keeps every claim traceable to its source.

23Targets on the map

Screen the field, map the landscape.

Point the agent at a sector and it builds the target screen and market map: a scored shortlist against your criteria and a segmented landscape, both pulling fundamentals and ownership from FactSet. These are agent-built workflows, not packaged products, so they refresh on live data and live in the deal beside the model and deck.

Target screen — building controls Four criteria, applied in order to the addressable universe Market map refresh · quarterly Last run 08:20 ET

412 Addressable universeBuilding controls, global

118 Revenue$500M – $3.0B −294 screened out

61 Adjusted EBITDA margin≥ 12% −57 screened out

38 Recurring revenue≥ 25% of sales −23 screened out

23 GeographyNorth America or EMEA −15 screened out

23 on the map today, by segment

BAS platforms6

Field devices7

Service & retrofit5

Software & analytics5

+2 since the April refresh · 1 removed (acquired)

Adjusted EBITDA per the board case's Definitions

Source: FactSet · pulled 08:20 ET

4Overlap the footprint

Precedents and comps the board can trust.

Frame the price against the market: comps, fundamentals, consensus estimates, and a dedicated M&A precedent database, FactSet by default. The agent pulls them into the model and deck as a cited answer, so your board valuation rests on live, licensed data.

Chats New

Footprint overlap across the pipeline
Building controls precedents, 2024–2026
Find the most recent management deck globally
Comp set multiples as of 31-Jul
Quarterly market map refresh workflow
Precedent multiples, industrial automation
Which targets reference the Aldridge comp set?
Aldridge materials — new this week
Draft a board case section I can adapt
Where did we land on Adjusted EBITDA?

Footprint overlap across the pipeline Global · Connectors · FactSet · Creates workflows

Which targets in the pipeline overlap Aldridge's controls footprint, and what have they traded at?

Used 6 tools · 20s Running Web search · “building controls M&A multiples” Running FactSet · fundamentals · controls comp set Running FactSet M&A · public_targets · Complete Running Search connector · datasite · “Aldridge” Running Search files · “controls footprint” Running Find deals · “building controls” Thinking…

1. Find deals “building controls” 400ms

Result

23 targets
2. Search files “controls footprint” 1.2s
3. Search connector datasite · “Aldridge” 2.7s
4. FactSet M&A public_targets · Complete 6.5s
5. FactSet fundamentals · controls comp set 5.1s
6. Web search “building controls M&A multiples” 4.1s

Four of the twenty-three targets on the map overlap Aldridge in building controls; two are already owned by strategics and unlikely to move. The two independents last raised at a median of 13.2x forward EBITDA. Kestrel is 4.0% dilutive in year one — pro forma EPS of $3.38 against $3.52 standalone, crossing over in FY28.

Ask anything across your deals, drives, and FactSet Working…

Attach

Step 1 resolves the targets on your map — twenty-three here. Every step after it reads inside that set and nowhere else.

Auditable by construction

Every number opens to its source.

Click the flag on any cited figure and the source opens in app, scrolled to the exact line in the 10-Q, the target’s data room, or the FactSet record. Every email, meeting, and agent action lands in a live, exportable deal log, so the backup is one click away and the process record is ready for the file.

Gross margin held at 31.5% on revenue of $22,948.0M1 citation for the year.

Kestrel operating model.xlsx Income Statement!B8 22,948.0

Audit · Johnson Controls 10-K (FY25) Income Statement · B8 · Net sales 1 of 12 SEC.gov

Citations (12) 54 reviewed

B8 · Net sales$22,948.0M10-K for FY25
C8 · Cost of sales$15,719.0M10-K for FY25
B22 · Adj. EBITDA margin13.8%Target VDR · Mgmt EBITDA bridge
B9 · Operating expenses$4,905.0M10-K for FY25
B14 · Gross profit$7,229.0M10-K for FY25
F30 · Net debt$7,650.0M10-K for FY24

Value $22,948.0M Mark reviewedReviewed

Opened to the exhibit — $22,948.0M is the Net sales line for the September 30, 2025 column, read off the statement, not the commentary.

JOHNSON CONTROLS INTERNATIONAL PLC

FORM 10-K — FISCAL YEAR ENDED 30 SEPTEMBER 2025

Item 8. Financial Statements and Supplementary Data

Consolidated Statements of Income3 Consolidated Balance Sheets4 Consolidated Statements of Cash Flows5 Notes to the Financial Statements6

Consolidated Statements of Income

(In millions)

	Year Ended
	September 30, 2025	September 30, 2024
Net sales	22,948	22,430
Cost of sales	15,719	15,611
Gross profit	7,229	6,819
Operating expenses	4,905	4,742
Operating income	2,324	2,077

See accompanying notes to the financial statements.

10-K for FY25$22,948.0M Prev Next Finish audit

1Board decision

Board decks in your house style.

Real PowerPoint, Excel, and Word, not a static export. The agent works from your golden-copy templates and firm profile, so the committee deck, valuation model, and board memo come out on brand, in full fidelity, every figure traced to source.

Board_Case_v4.pptxv4 Word

Board_Memo.docx

Kestrel_Model.xlsxv4

Excel 02 — Board case / Kestrel_Model.xlsx v4 ⌘L Native view Open in Excel

	A	B	C	D	E	F
1	Project Kestrel — Aldridge Controls
2	Board case · $ in millions
3
4		FY2024A	FY2025A	LTM	FY2026E	FY2027E
5	Revenue	1,842.0	1,946.0	2,014.0	2,088.0	2,204.0
6	Adjusted EBITDA	268.0	292.0	308.0	324.0	352.0
7	Adj. EBITDA Margin	14.5%	15.0%	15.3%	15.5%	16.0%
8	Capex	(64.0)	(68.0)	(71.0)	(74.0)	(78.0)
9	Free cash flow	142.0	158.0	168.0	178.0	196.0
10
11	Purchase price	2,464.0
12	Implied EV / Adj. EBITDA	9.2x	8.4x	8.0x	7.6x	7.0x
13	Pro forma net debt / EBITDA	3.8x	3.5x	3.4x	3.0x	2.6x
14
15	Adjusted EBITDA per the board case's Definitions

B6:F6Audit 3+ Add to chat

Summary Standalone Synergies Accretion Comps

Deliverable Excel

Kestrel_Model.xlsxExcel · 442 KB Download Every output starts from your firm's golden‑copy template

Trust & security

Built for the way companies buy software.

Compliance-first, sourced and audited end to end, and hosted on ArcaLabs' secure cloud. SOC 2 Type II, a full audit trail on every prompt and output, single-tenant VPC deployment available on request, and an Official FactSet Partnership for live, licensed data. Connects to SharePoint, OneDrive, Google Drive, Outlook, and the rest of the stack your team already uses.

Official FactSet Partner

Live, licensed, direct data access, not a reseller, not a crawled snapshot. FactSet is our default, certified data source; the platform is provider-agnostic and sources from other trusted providers however your firm prefers.
Built for regulated firms

SOC 2 Type II, hosted on ArcaLabs' secure cloud, with single-tenant VPC deployment available on request and a full audit trail on every prompt and output.
Information barriers respected

Sealed deal folders and ethical walls stay enforced. The agent and firm-wide search only reach what each user is cleared to see.

Schedule a Call

Connects to the systems your firm already uses

See the whole pursuit on one surface.

Book a demo and we will run a live pursuit through the workspace: screen a sector, frame the valuation against precedents, and build the board deck in your house style, every figure traced to source.

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