By: Wesley Legg According to Capital IQ and Founders proprietary sources, there were an estimated 31 transactions involving Alabama companies completed in the second quarter of 2018, an decrease of 30% versus the same quarter in the previous year. M&A and private placement activity was down 26% quarter over quarter. Most of the transactions completed…
By: Michael White Both Quest and Lab Corp have now reported earnings and have traded off significantly. Quest was off 8.3% Tuesday on a top-line revenue miss of 2% versus the street. LabCorp traded off 2% in sympathy Tuesday before reporting an earnings beat (revenue and EPS) Wednesday before trading off another 5% bringing the…
By: Gene Bazemore The heavy-duty trucking sector has benefited from sustained growth in the broader industrials market. In this quarterly update, the Founders’ Industrials team discusses these growth drivers, new vehicle build trends, and relative market share from key manufacturers. As seen in the chart below, class 8 truck production is expected to reach all-time…
In just a few short weeks school will start back at Restoration Academy, and the Founders team wanted to help prepare them for another successful school year. Restoration Academy was started in 1988 by Dr. Anthony Gordon in response to divisive forces such as crime and violence that had ensnared many of the young people…
BIRMINGHAM, Ala. (July 6, 2018) – Founders Advisors (“Founders”) is pleased to announce that certain principals served as the exclusive financial advisor to Mustang Energy Services, Inc. (“Mustang”, or, “the Company”) in its recapitalization and merger with Extreme Plastics Plus (“EPP”), a portfolio company of an affiliate of Blue Wolf Capital Partners, LLC. The transaction…
By: J .Wesley Legg Cash is King, however, the highest offer doesn’t always seal the deal. This is especially the case when the seller is a founder-based company, i.e., the seller is the founder or an heir of the founder. Founders, of course, want to maximize value, but that is generally not their sole focus,…