By: Duane P. Donner II, Managing Partner M&A in the U.S. reached pre-recession levels last year and continue to build momentum on the back of a lot of dry powder (buyers with cash) and very favorable financing. Right now, it’s a seller’s market for most industries and sectors. Last year, Founders advised on seven transactions,…
The owners of Chandler/May Inc. (CMI) engaged Founders in 2004 to find an attractive financial partner. Headquartered in Huntsville, AL, CMI specialized in the design, development, integration, manufacturing and support of fully integrated mission critical systems for unmanned aerial vehicles. As a single source solutions provider, CMI built applications for a variety of uses in…
By Chris Weingartner Over the past decade, there has been a shift in the strategic way businesses charge customers. During the recent recession companies began to better understand the Lifetime Value of Customers, and many businesses and industries abandoned the legacy model of high initial installation or CapEx charges for their services. They realized that over…
By Duane Donner, Managing Partner Most companies are valued by applying a multiple to the businesses EBITDA (earnings before interest taxes, depreciation, and amortization). However, buyers will closely examine the revenue streams generating that EBITDA and assess the quality thereof. Here are a few things buyers will look for when assessing a company’s revenue streams.
By Wesley Legg, Chief Operating Officer The median debt percentage for middle-market deals continues to rise. Lenders are loosening their purse strings, as the market continues to recover and loan default rates remain low versus historical standards. This is one of the dynamics pushing middle-market valuations higher and making for a seller’s market in most…
By Duane Donner, Managing Director 2015 Outlook Most O&G companies are waiting out the volatility in the commodity markets before pulling the trigger on any further acquisition or capital spending plans; however, as the market begins to stabilize, many firms are expected to be on the hunt for acquisitions. As certain companies, especially those with…