FOCUS Investment Banking Named a Top Industrial Industry M&A Advisor
Washington, DC, (June 19, 2023) – FOCUS Investment Banking (“FOCUS”), ...
How to Operate a Successful Family Business
Running a family business can be a unique and fulfilling ...
FOCUS Carrier-Focused Telecom Technology Quarterly: Spring 2023 Report
After posting a solid gain in our winter report, the FOCUS Carrier-Focused Telecom Technology Index (CFTTI) dropped 2.2% in our spring reporting period. This was slightly better than the 2.7% drop in the S&P 500, but worse than the 0.1% decline in the NASDAQ. The EFTTI is also down nearly 14% compared to this time last year. Over this time period, the EFTTI lagged the 9.2% decline in the S&P 500 but outperformed the 16.7% drop in the NASDAQ. Sector multiples are also lower than they were at this time last year. The sub sector revenue multiple dropped sharply from 2.5x to 2.1x, while the sector EBITDA multiple posted a more modest decline as it fell from 11.9x to 10.6x.
Search Funds and the ‘Silver Tsunami’ in Collision Repair
It’s no secret that the collision repair business—much like most other trade industries—is aging.
15 Ways to Increase your Microelectronics Company’s Value Before an Exit: Part 5
In part 5, we discuss the significance of leading with a clear mission and values, putting to paper a growth plan, and staying aware of industry activity.
FOCUS Enterprise-Focused Telecom Technology Quarterly: Winter 2023 Report
The FOCUS Enterprise-Focused Telecom Technology Index (EFTTI) experienced another disappointing reporting period with a three-month drop of 2.4%. This loss was in stark contrast to the broader indices as the S&P 500 and NASDAQ were up 5.3% and 5.4%, respectively. The EFTTI is also trading 19.0% below the levels of a year ago. This significantly underperformed the 9.7% loss in the S&P 500 but was roughly in line with the 18.7% decline in the NASDAQ. Sector multiples closed out the period at 4.6x revenue and 19.5x EBITDA. Both of these are lower than the corresponding multiples of a year ago of 6.1x revenue and 23.4x EBITDA.
Collision Vision Podcast
Listen to Cole Strandberg's weekly podcast, The Collision Vision.
Baby Products 2022 Trends
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.
You’re ready to sell, but is your business market-ready?
Owners of small-to-medium sized firms thinking about selling are often privately worried that their business won’t attract what they believe it is really worth.
Musings and Advice from a Family-Owned Independent Tire Dealer
Many people say they have been in the tire business their entire lives because they spent a majority of their life in the industry.
