By: Billy Pritchard As founders begin to consider various capital transactions for their business, they are often focused on two primary deal structures: 1) selling 100% of the business to a strategic buyer, or 2) partnering with a private equity firm through a recapitalization. Depending on the personal objectives of the founders, as well as…
By: Nathan Kelly For our relationships in the early childhood education industry, we put together a summary of the latest Bright Horizons quarterly earnings report. We always recommend our clients listen to public company quarterly earnings conference calls, which can be found at this link for Bright Horizons. Public companies are required to disclose their…
By: Billy Pritchard Net Working Capital (“NWC”) is a critical component of any transaction involving the sale of a private business. As a seller, it is important to understand the concept of NWC, its impact on a transaction, and how to navigate the common deal terms we see in the Lower Middle Market. Keys to…
At Founders, our purpose is to be servant-leaders who value relationships and results. We work steadfastly on supporting and developing the team into the leaders we know they can become and creating an environment conducive to relationship development. In addition to the other events Founders hosts throughout the year, we hold regular team socials on…
By: William Short When working with SaaS business owners, we are often asked which churn metric is most important and what should be considered when evaluating churn. When analyzing the stickiness of a SaaS product, there are various metrics that can be looked at, and it is important that SaaS business operators are aware of…
Despite headwinds facing the broader economy and M&A activity, MSP and IT Services M&A remained strong during 2022. Over 800 M&A transactions closed in the U.S.,~45% were private equity-related and ~55% were strategic acquisitions. Even with high levels of M&A activity, the MSP market remains highly fragmented, presenting an opportunity for acquirers to continue consolidating…