Engagement summary
Client Background
Discount Tire is the world's largest independent tire and wheel retailer, executing strategic acquisitions to consolidate the regional tire-retail market.
Engagement Scope
R&M prepared ASC 805 purchase price allocation memos for strategic regional acquisitions, including identification of acquired intangible assets, fair-value measurement of tangible assets, working-capital reconciliation, and goodwill allocation.
Services Provided
- ASC 805 purchase accounting for strategic regional acquisitions
- Intangible asset identification and fair-value measurement
- Tangible asset fair-value measurement
- Working capital reconciliation
- Goodwill allocation and reporting-unit assignment
Valuation context
Discount Tire engaged Rivers & Moorehead for independent valuation support under the standard(s) listed above. The engagement provides valuation analyses, supporting models, and written deliverables intended to assist the company and its external auditors with financial reporting under U.S. GAAP.
Valuation scope
- ASC 805 purchase price allocation – identification and fair value measurement of acquired identifiable intangible assets, tangible assets, and assumed liabilities, with residual goodwill calculation and opening balance sheet support.