Urology Report – Q1 2021 Acquisition Activity and Outlook
Private Equity Deals for Urology Practices Surges to All-time Record in the First Quarter of 2021. More Expansion Coming?
In our Q4-20 report we noted an increasing interest in urology and posed the question, “Is Urology the Next Darling of Private Equity?” That looks more likely now as the first quarter of 2021 delivered more urology practice acquisitions than any full year since 2017. With six firms now actively seeking to grow their urology platform presence, we believe this specialty may just be entering the Geographic Expansion stage.
Women’s Health Report – Q1 2021 Acquisition Activity and Outlook
Q1 Women’s Health Deals with Private Equity Remain Steady. Investor Activity Indicators Suggest Growth Through 2021.
The first quarter of 2021 delivered three reported Women's Health practice acquisitions. Notably, Shore Capital Partners announced the formation of Together Women's Health, a leading network of integrated women’s healthcare providers with founding practices in greater Detroit.
FOCUS Carrier-Focused Telecom Technology Quarterly: Spring 2021 Report
Public Markets
The FOCUS Carrier-Focused Telecom Technology Index (CFTTI) was in the black for the second straight reporting period with a three-month gain of 5.7%. While this gain beat the 5.2% increase in the S&P 500 over the corresponding time period, it also fell short of the 8.2% gain in the NASDAQ. The sector also looks strong for the full year period with a gain of 17.8%. However, despite the robust increase, the CFTTI still lagged far behind both the 29.0% gain in the S&P 500 and the 54.0% gain in the NASDAQ. Sector multiples closed out the period at 2.3x revenue and 11.2x EBITDA. Both of these are higher than year-ago multiples of 2.1x revenue and 10.4x EBITDA.
FOCUS Investment Banking Represents ARCH Global Precision LLC in its Acquisition of Morsch Machine
Washington, DC, (March 2, 2021) – FOCUS Investment Banking (“FOCUS”), a national middle market investment banking firm providing merger, acquisition, divestiture and corporate finance services, announced today that ARCH Global Precision, LLC, a consolidated contract manufacturing company based in Bloomfield Hills, Michigan, has acquired Morsch Machine, a Chandler, Arizona-based certified precision machining firm. FOCUS represented ARCH in the transaction.
FOCUS Investment Banking Announces Paul Dickson Has Joined the Advanced Manufacturing and Food and Beverage Groups as a Managing Director
Washington, DC, (February 5, 2021) – FOCUS Investment Banking (“FOCUS”), a national middle market investment banking firm providing merger, acquisition, divestiture, and corporate finance services, announced today that Paul Dickson has joined the firm as a Managing Director in the Advanced Manufacturing and Food and Beverage industry groups. He is based in Portland, Oregon.
FOCUS Investment Banking Announces Kelly Kittrell has Joined the Firm as a Managing Director
Washington, DC, (January 27, 2021) – FOCUS Investment Banking (“FOCUS”), a national middle market investment banking firm providing merger, acquisition, divestiture, and corporate finance services, announced today that Kelly Kittrell has joined the firm as a Managing Director. He is based in Dallas.
FOCUS Telecom Business Services Quarterly: Winter 2021 Report
Public Markets
For the third straight reporting period the FOCUS Telecom Business Services Index (TBSI) managed a positive return, outperforming the S&P 500 and only slightly underperforming the NASDAQ. The TBSI gained 14.3% over the past three months, while the S&P 500 and NASDAQ gained 11.7% and 15.4%, respectively, over the same time frame. The TBSI remains in negative territory for the full year period with a drop of 4.2%. This compares unfavorably to strong gains in both the S&P 500 (up 16.3% year-over-year) and the NASDAQ (up 43.6% year-over-year). Sector multiples are also lower than they were at this time last year. The sector revenue multiple fell from 0.7x a year ago to 0.6x, while the sector EBITDA multiple declined from 9.2x to 8.4x.
FOCUS Investment Banking Represents Viper Northwest in its Sale to Precinmac Precision Machining
Washington, DC, (January 19, 2021) – FOCUS Investment Banking (“FOCUS”), a national middle market investment banking firm providing merger, acquisition, divestiture and corporate finance services, announced today that Viper Northwest Inc., an Oregon-based precision manufacturer of machined parts and assemblies, has been sold to Precinmac Precision Machining, a diversified manufacturer of high-precision machined components and assemblies in the aerospace and defense, semiconductor and general industrials sectors. FOCUS advised Viper Northwest in the transaction.
FOCUS Investment Banking Represents McLea’s Tire & Automotive in its Acquisition by AAA Northern California, Nevada & Utah
Washington, DC (December 8, 2020) – McLea’s Tire & Automotive Centers, a family-owned, five-store operation based in Santa Rosa, Calif., has been acquired by AAA Northern California, Nevada & Utah (AAA NCNU). FOCUS Investment Banking represented McLea’s Tire & Automotive Centers in this transaction.
