Investment Banking Archives

FOCUS Carrier-Focused Telecom Technology Quarterly: Spring 2023 Report

Richard Pierce - March 27th, 2023

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.

The internal combustion engine still has lots left in the tank

Giorgio Andonian - March 27th, 2023

Internal combustion engines (ICEs) have been around for more than 100 years, and despite a surge of competition from electric vehicles (EVs), they are still highly relevant and will likely remain so for a long time to come.

5 Pro Tips for MSP Valuation and M&A with Private Equity

Abe Garver - March 3rd, 2023

Create new value and avoid leaving money on the table: 5 Pro Tips for MSP business owners.

15 Ways to Increase your Microelectronics Company’s Value Before an Exit: Part 5

Paul Dickson - February 20th, 2023

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.

Business Services 2022 M&A Report

John W. Grady - February 16th, 2023

Business Services middle market mergers & acquisitions slowed in 2022, at least compared to 2021's record and probably unrepeatable volume.

Are You Standing Out (In a Good Way?)

Jim Sowers - February 15th, 2023

After a record 2021, the food and beverage (F&B) industry continued to experience strong M&A activity in 2022.

FOCUS Managing Director Michael McGregor Releases a New Edition of his Book, Buy, Build, Fix, Sell

February 13th, 2023

Washington, DC, (February 13, 2023) – FOCUS Investment Banking (“FOCUS”), a leading national middle market investment banking firm providing M&A services, is pleased to announce that Michael McGregor, Managing Director, has released the second edition of his book, Buy, Build, Fix, Sell. The new edition, written to help tire & service dealers build better businesses, …