Lisa attended the event where Chris Frye was honored as the 2024 Phoenix Local Business Person of the Year, hosted by Benefit Intelligence, Inc. The event took place on Thursday, August 29th, from 5 PM to 7 PM at The Ostrich, a speakeasy beneath Crust Pizzeria in Chandler. It was… Read More »2024 Phoenix Local Business Person of the Year event
This morning’s Women at the Top meeting was truly inspiring! We kicked off by celebrating Heather Locke’s latest milestone with Hammersmith Support. Dawn Kennington-Bejar reminded us to get our Thanksgiving orders in for some delicious meals. Leslie Kland gave us a fascinating lesson on the history of engineering, highlighting Imhotep… Read More »WATT Breakfast
Many companies have made successful acquisitions over a period of time. But the company to be acquired must find a good fit. It must be able to be integrated into the operation, and working with both sets of employees is a strong consideration. But acquiring another company can be a… Read More »Tip #069 Acquiring another company may be a good way to increase growth and value.
I wanted to thank monica for inviting us to her induction into the Most Influential Women of Arizona 2024. We were joined by: Annette Anderson, Joe Dunn, Sean Anderson, Olivia Limon, Melissa Swader, Lisa Riley, Kim Mehring, Theresa Valade, David Valade.
Thank you Jerry and Jim for a great partners meeting. It was a pleasure to spend time with you all: Scott Zychowiski, Karen Bottesch, Jim Fellenz, Jerry Ullman, Jen Cheap-Overall, Greg Brown, Marc Pierce, Andy Polito, Daniel Schmaltz, Brett Helgeson, and Stephen Wisner
In the Main Street market, restaurants and personal services trended throughout the sector. In the Lower MiddleMarket, construction/engineering and manufacturing dominated transactions.
Most businesses do show a revenue cycle, and selling at the top of the cycle will bring the most money. But if the revenues have dropped, or are at a low point, then offers will reflect that. Buyers are not interested in having to use their resources and efforts to… Read More »Tip #068 Timing is key, selling at the top of the revenue cycle will bring the highest dollar.
Over the last eight quarters, private equity has captured an average 41% of the deals in this sector while strategics accounted for 40% of buyers (see figure below)
The average time to sell a Main Street business varies from 7 to 9 months. Businesses in the LowerMiddle Market, however, saw an uptick in time to sell. The offer to close stayed somewhat consistent with the larger businesses taking a bit longer.
The average time to sell a Main Street business varies from 7 to 9 months. Businesses in the LowerMiddle Market, however, saw an uptick in time to sell. Businesses in the $5M-$50M sector took 13months to sell, on average. That matches the peak average reported during the pandemic.