Washington, DC, (July 27, 2023) – FOCUS Investment Banking (“FOCUS”) ...
Most people love pets…and most pet owners love to spoil them. That in a nutshell explains what’s driving the booming pet business, and the associated surge in industry M&A.
Middle market business fundamentals remain strong, although some companies are starting to show caution. Revenue growth and hiring have been robust, although companies continue to face challenges in finding skilled workers. There remains a strong appetite for quality deals as valuations have declined slightly. Private equity firms still have about $1 trillion of “dry powder” and appear impatient to put some of that to work. M&A volume moderated slightly in the second half of 2022 and appears unlikely to duplicate 2021’s record pace, but is on track for another strong year.
If you’re thinking of selling your e-commerce business, you will most likely encounter a term you may have never heard of before but that will be very important in arriving at the highest value for your firm: Add-backs.