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 acquisitions and sellers who are performing well during COVID-19,” Miller said. “Financial buyers are likely to be more active than strategic buyers as the former are eager to put capital to work and the latter are focused on their own balance sheets and liquidity.”