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 […]

COVID-19: Business Implications Series — Economic Injury Disaster Loans (EIDL)

The U.S. Small Business Administration (SBA) has designated COVID-19 as a qualifying event for the provision of Economic Injury Disaster Loans (EIDL). Small business owners in all U.S. states and territories are currently eligible to apply for a low-interest loan due to COVID-19. An EIDL might be the best option to bridge your working capital requirements […]

Coronavirus Disease 2019 (COVID-19): Implications for Business

While the health and safety of employees is the number one priority, companies will also grapple with other urgencies. In BlueWater Partners’ experience, crises come with both short- and long-term implications. Companies differentiate themselves by how well – and how quickly – they react. Successfully navigating crisis will assure stakeholders that a company can be […]

Deals aplenty: Survey results point to stronger M&A market in 2018 (MiBiz)

“In terms of confidence and growth and leading economic indicators, and the amount of capital, it’s all very supportive of transaction activity.”