2023 Business Services M&A Outlook – Cautiously Optimistic
The market for small-to-medium company mergers and acquisitions may be down in 2023, but it’s definitely not out.
The market for small-to-medium company mergers and acquisitions may be down in 2023, but it’s definitely not out.
Business Services middle market mergers & acquisitions slowed in 2022, at least compared to 2021's record and probably unrepeatable volume.
After a record 2021, the food and beverage (F&B) industry continued to experience strong M&A activity in 2022.
Washington, DC, (February 13, 2023) – FOCUS Investment Banking (“FOCUS”), ...
In this installment, we discuss the importance of continuously honing your competitive advantage, the value of an opportunistic mindset, and the usefulness of documented systems.
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After losing more than 25% in our fall report, the FOCUS Communications Service Provider Index (CSPI) turned things around and managed to deliver a three-month gain of 10.0%. This was better than the three-month gain for the S&P 500 of 7.1% and far superior to the 1.0% loss in the NASDAQ. Even so, the CSPI’s year-over-year performance remains dismal with a drop of 34.3%. This underperformed both the 19.4% loss in the S&P 500 as well as the 33.1% drop in the NASDAQ over the 12-month period. Sub sector multiples also dropped considerably compared to this time last year, falling from 2.7x revenue and 7.6x EBITDA a year ago to 2.2x revenue and 6.2x EBITDA currently.
The global pet industry has grown dramatically in recent years, despite the downturn in the world economy, driven by increased adoption rates, humanization trends among owners, and e-commerce penetration. The industry has proven to be largely recession-resistant while underlying trends support continued growth in the future, regardless of overall economic conditions.
Consumers have a lot on their minds these days: The price of everything keeps going up.
Many politicians' only objective is winning the next election, so they say and do whatever it takes to win," says McGregor. "Brands can’t afford the bad press that politicians can.