M&A Quarterly Review — 1st Quarter 2021

Optimism builds as the light at the end of the pandemic grows brighter The M&A market continued to rally during Q4 2020 Deal value and volume surged in Q4 2020, powering 2020 past 2019 in terms of full year activity Total deal value during the three months ended 12/31/20 was the highest on record Valuation […]

2021 M&A Outlook — Virtual Roundtable Hosted by Axial

Matt Miller participated in Axial’s first event of 2021, in which 10 lower middle market deal professionals sat down (via Zoom) for a discussion on what to expect in the year ahead. Topics of conversation included deal structures, debt markets, and the shift to virtual. Participants also provided insights on how to get deals done […]

M&A Quarterly Review — 4th Quarter 2020

Recent bounce back in M&A activity is likely to continue in 2021 The M&A market rallied during Q3 2020 Deal value and volume rebounded sharply in Q3 2020, but still lagged the previous year on a TTM basis Total deal value during the nine months ended 9/30/20 was the lowest since 2013 Valuation multiples fell […]

Innovative Medical Systems acquired by Illinois electronic security firm (MiBiz)

By MiBiz Staff Convergint Technologies LLC in Schaumburg, Ill., has acquired Grand Rapids-based Innovative Medical Systems Inc., a reseller of acute care and technical products for hospitals. The deal will “further deepen and expand Convergint’s presence within the health care market in the United States,” according to an announcement on the transaction. Terms of the […]

M&A deals for distressed companies expected to pick up in months ahead (MiBiz)

By Mark Sanchez (MiBiz) The COVID-19 pandemic that slammed the economy this spring could generate more M&A deals in the months ahead. Sales involving distressed companies, asset sales and even liquidations could rise toward the end of the year and into 2021, according to M&A and turnaround professionals. They describe a landscape nearly eight months […]

M&A Quarterly Review — 3rd Quarter 2020

Middle Market M&A volume and value contracted but top performers hung on to high valuations Deal volume and value have been trending downward during 2020, a development exacerbated by COVID-19 Total value contracted sharply in 2Q20, reaching only $98.9 billion, or less than half of the previous quarter’s value Valuation multiples remained unchanged in 1Q20 […]

M&A firms say deal activity is rebounding after pandemic slow-down (MiBiz)

By Mark Sanchez (MiBiz) Matt Miller, managing director at Grand Rapids investment bank and M&A firm BlueWater Partners LLC, also said they “are restarting their deal-sourcing efforts.” BlueWater expects deal volume “to stop its slide, but remain muted through 2020,” Miller wrote in an email to MiBiz. “Valuation multiples should hold up, especially for strategic […]

COVID-19: Business Implications Series — Preparing for the New Normal in the Workplace

As governments and healthcare experts work toward getting us back in to the workplace, business leaders are faced with evaluating current operations’ practices, safety protocols, information flows, and physical workspaces to identify current virus risk points and mitigation strategies moving forward. And it won’t end with COVID-19. Businesses must change their practices so that we […]

COVID-19: Business Implications Series — Received your CARES Act PPP loan, now what?

If you received a Paycheck Protection Program (PPP) loan, make sure you maximize its value to your business and stakeholders. Maintaining detailed records and focusing on working capital are two places to start. Here are a few best practices. . Maintain Meticulous Records If possible, keep PPP funds in a separate account—creating a new account […]

COVID-19: Business Implications Series — Should Your Business Apply for a CARES Act Loan, EIDL, or Both?

On Friday, March 27, the Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law. The CARES Act has created several new Federal Small Business Administration (SBA) loan programs or amendments to existing programs, including Economic Injury Disaster Loans (EIDLs), to assist businesses that have been impacted by COVID-19. . What is a […]