Official FactSet AI Partner

Solutions / Private Equity

From the data room to IC, with conviction you can defend.

Open a deal and the agent reads the whole data room, builds the model and the memo where the files live, and ties every figure back to its source. The work that earns the committee's trust is in one window, and the monitoring after close runs on a schedule you set.

Book a demo See a diligence reconciliation
Project Larkspur — Acquisition of Ridgeline Facility Services
5 workflows·ACTIVE·larkspur-7c02@deals.arcalabs.ai
Add workflow
Workbench Deal Log Editor Explorer
Downside case & returns bridge
Rerun the downside: we lose both national accounts at the FY27 re-bid, exit at 9.0x.
Used 4 tools · 16s Thinking…
Search files · Ridgeline_CIM.pdf2.1s
FactSet · Facility services comps2.8s
Read file · Ridgeline_LBO_Model.xlsx4.4s
Write file · Ridgeline_Downside_v2.xlsx6.7s
Downside run. Losing both national accounts at the FY27 re-bid takes exit EBITDA to $45.3M; at 9.0x that is $408M of equity on $340M in — 1.2x MOIC and 4.1% gross IRR over the 4.5-year hold. Saved as Ridgeline_Downside_v2.xlsx.
Excel
Ridgeline_Downside_v2.xlsx
Excel · 52 KB
v1
Reply to add a follow-up that sends when this finishes
ExcelRidgeline_LBO_Model.xlsx ExcelRidgeline_Downside_v2.xlsxv1
Project Larkspur · Returns
Downside — Equity Bridge to Exit
Entry equity to exit equity at 9.0x · $ in millions
$340Entry equity
+$12EBITDA growth
+$56Debt paydown
$408Exit equity
Every figure traced to its source · Adjusted EBITDA per the deal's Definitions
ReturnsInputsSources
Files
01 — Data room
Ridgeline_CIM.pdf
02 — Diligence
ExcelRidgeline_LBO_Model.xlsxv4
ExcelRidgeline_Downside_v2.xlsxv1
PowerPointIC_Memo_v3.pptxv3
Definitions
Adjusted EBITDA
SBC Treatment
NWC Definition
Emails3
QofE draft — Alvarez
Re-bid timing, national accounts
Workflows2
Portfolio KPI refreshDaily
Diligence trackerWeekly
Every figure traced to the source Source: FactSet · pulled 07:55 ET

From the data room to IC, the agent works the deal in one window.

The challenge

Conviction is built in the data room, and defended in IC.

Diligence sprawls across Excel, the VDR, FactSet, and Word, and one number that does not trace is a question you cannot answer at IC. ArcaLabs pulls that work onto one surface and keeps every figure defensible.

Adjusted EBITDA · LTM The seller's basis against the QofE draft — same period, and the gap attributed line by line. Unexplained $8.0M $3.3M $0.7M $0.0M
Ridgeline_CIM.pdf $71.8M Seller basis · as of 12 Jun
QofE draft — Alvarez $63.8M Diligence basis · as of 27 Jun
$4.7M Unsigned contract wins annualised into the LTM Ridgeline_CIM.pdf · p. 41
$2.6M Re-bid uplift assumed on the national accounts Re-bid timing, national accounts
$0.7M Route-density savings not yet realised 01 — Data room
Entry enterprise value $574.2M Entry EV / Adj. EBITDA 8.0x 9.0x

The price is unchanged; the gap was in the denominator.

Every adjustment traced to its source · Adjusted EBITDA per the deal's Definitions
02Exhibit · Every figure’s source

Every number opens to its source.

Click the flag on any cited cell and the source opens in app, scrolled to the exact figure in the 10-Q, the QofE, or the FactSet record. Mark each reviewed and carry that sign-off across model versions, so the memo is auditable line by line.

Gross margin held at 11.1% on revenue of $8,431.0M1 citation for the year. Ridgeline operating model.xlsx Income Statement!B8 8,431.0
Audit · ABM Industries 10-K (FY25) Income Statement · B8 · Revenues 1 of 11 SEC.gov
Citations (11) 54 reviewed
  • B8 · Revenues$8,431.0M10-K for FY25
  • C8 · Cost of services$7,495.0M10-K for FY25
  • B22 · Adj. EBITDA margin6.6%QofE Ex. 4.2 · Adj. EBITDA bridge
  • B9 · Operating expenses$610.0M10-K for FY25
  • B14 · Gross profit$936.0M10-K for FY25
  • F30 · Net debt$1,410.0M10-K for FY24
Value $8,431.0M Mark reviewedReviewed
Opened to the exhibit — $8,431.0M is the Revenues line for the October 31, 2025 column, read off the statement, not the commentary.
ABM INDUSTRIES INCORPORATED
FORM 10-K — FISCAL YEAR ENDED 31 OCTOBER 2025
Item 8. Financial Statements and Supplementary Data
Consolidated Statements of Operations3 Consolidated Balance Sheets4 Consolidated Statements of Cash Flows5 Notes to the Financial Statements6
Consolidated Statements of Operations
(In millions)
Year Ended
October 31, 2025October 31, 2024
Revenues8,4318,100
Cost of services7,4957,225
Gross profit936875
Operating expenses610592
Operating income326283

See accompanying notes to the financial statements.

10-K for FY25$8,431.0M Prev Next Finish audit
04Exhibit · The diligence trail

Comps and precedent transactions, fully sourced.

Ask once and pull comps, fundamentals, consensus estimates, company profiles, and precedent M&A as a cited answer, FactSet by default and provider-agnostic where you prefer another source. Enterprise search reaches across prior deals and connected drives while respecting sealed folders, so a query never crosses an information barrier.

Chats New
  • Customer concentration across the portfolio
  • Facility services precedents, 2024–2026
  • Find the most recent QofE globally
  • Exit multiples by hold period
  • Quarterly KPI refresh workflow
  • Precedent multiples, route-based services
  • Which deals reference the Ridgeline comp set?
  • Ridgeline data room — new this week
  • Draft an IC memo section I can adapt
  • Where did we land on Adjusted EBITDA?
Customer concentration across the portfolio Global · Connectors · FactSet · Creates workflows
Which portfolio companies carry the same customer-concentration risk as Ridgeline, and how did it play out?
Used 6 tools · 21s Running Web search · “national accounts re-bid outcomes” Running FactSet · fundamentals · facility services Running FactSet M&A · public_targets · Complete Running Search connector · datasite · “Ridgeline” Running Search files · “customer concentration” Running Find deals · “facility services” Thinking…
  1. 1. Find deals “facility services” 410ms
    Result
    9 platforms
  2. 2. Search files “customer concentration” 1.3s
  3. 3. Search connector datasite · “Ridgeline” 3.1s
  4. 4. FactSet M&A public_targets · Complete 6.8s
  5. 5. FactSet fundamentals · facility services 5.2s
  6. 6. Web search “national accounts re-bid outcomes” 4.2s
Three of the nine platforms you hold have a top-two customer above 30% of revenue; two of them re-bid inside the last eighteen months. Both retained the accounts but repriced — the blended margin gave back 180bps. Ridgeline's downside assumes a full loss, which is 1.2x MOIC against a base case of 2.1x — a wider spread than either precedent.
Ask anything across your deals, drives, and FactSet Working…
Attach

Step 1 resolves the platforms you are cleared on — nine here. Every step after it reads inside that set and nowhere else.

01–04Assembled for the committee

IC memos and models in your house style.

Real Excel and PowerPoint, not a static export. Working from your golden-copy templates, the agent builds the diligence model, the IC memo, and the board and LP decks on brand in your own files, every figure traced to source.

PowerPointIC_Memo_v3.pptxv3 WordDiligence_Summary.docx Excel Ridgeline_LBO_Model.xlsxv4
Excel 02 — Diligence / Ridgeline_LBO_Model.xlsx v4 ⌘L Native view Open in Excel
ABCDEFGH
1Project Larkspur — Ridgeline Facility Services
2Operating summary · $ in millions
3
4FY2023AFY2024ALTMFY2025EFY2026E
5Revenue486.2528.7561.4594.8638.1
6Adjusted EBITDA52.458.963.869.175.4
7Adj. EBITDA Margin10.8%11.1%11.4%11.6%11.8%
8Capex(9.7)(10.6)(11.2)(11.9)(12.8)
9Levered free cash flow18.222.425.929.834.6
10
11Entry enterprise value574.2
12Entry EV / Adj. EBITDA11.0x9.7x9.0x8.3x7.6x
13Net debt / Adj. EBITDA4.3x4.0x3.7x3.3x2.8x
14
15Adjusted EBITDA per the deal's Definitions
B6:F6Audit 3+ Add to chat
Summary Operating Model Debt Schedule Returns Sensitivities
Deliverable Excel Ridgeline_LBO_Model.xlsxExcel · 528 KB Download Every output starts from your firm's golden‑copy template

Trust & security

Built for the way investment firms buy software.

Compliance-first, sourced and audited end to end, and hosted on ArcaLabs' secure cloud. Official FactSet Partner, SOC 2 Type II, single-tenant VPC deployment available on request, and connectors to the systems your firm 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

SharePoint
OneDrive
Google Drive
PowerPoint
Excel
Word
FactSet
Egnyte
Outlook

See a diligence model and an IC memo built from a data room.

Book a demo and we will show the agent read a sample data room, build the diligence model and the IC memo in your house style, and trace every figure to source.

Book a demo