By: Dennis Coker Key Trends Given the strong performance that construction materials companies have experienced over the past six months, most of the key players are revising their outlook for 2H in favor of higher financial targets. Much of this growth is a result of increased residential construction, the rising number of housing starts, and the…
Observations Despite the fear due to the COVID-19 Delta variant, the market remains active because of tax law discussions, recovering credit markets, and high levels of buyer dry powder. Combined, announced, and recently completed deal counts continue to near record levels. As the M&A market continues to persevere, confidence in the overall health of the…
By: Dennis Coker Synopsis: After a year of sailing uncharted waters in 2020, how did the major construction materials companies navigate a return to “normalcy” in the first half of 2021? We’ve seen a return to a somewhat normalized state over the last nine months, with M&A activity picking back up fueled by potential tax…
By: Mike McCraw and Nathan Kelly Multi-Unit Community Buzz: Buyer Interest Persists Despite Delta Concerns “The pandemic has accelerated consumer behavior meaningfully. We have incremental disposable income because people aren’t traveling, so they’re spending it more on these consumer experiences.” – Venky Ganesan, Partner at Menlo Ventures “The M&A momentum points to a fundamentally strong…
Global M&A activity realized strong recovery in the first half of 2021 with deal count and value and is maintaining a steady pace to approach or surpass record highs.
Current State of Private Capital Markets: The private capital markets have stabilized after the initial body blow of the pandemic and shut down of the economy. Overall, capital markets liquidity remains strong, but there has been a shift in the sources of capital for middle market, private businesses. New sources of capital such as family…