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Friday, March 04, 2016

Global manufacturing struggles in early 2016

The headlines on global manufacturing in early 2016 tell a tough story… Global Manufacturing PMI Signals Stagnation (Seeking Alpha, March 4th) The manufacturing slowdown has spread to the services sector (Business Insider March 2016) Britain’s factories engulfed in global manufacturing slump (The Telegraph, March 1st) Manufacturing: A hard pounding (The Economist, February 18th) China Manufacturing […]

Monday, May 18, 2015

Looking ahead at manufacturing M&A activity

The news from the manufacturing sector over the past few months has been mixed.  Many firms are experiencing headwinds from the strong US dollar.  The most recent ISM PMI results have been at 51.5, the lowest level of the past couple of years.  Recent PwC research suggests that the share of US M&A in the […]

Wednesday, December 10, 2014

The Impact of the Test, Measurement and Certification Industry

The tools and techniques used in test and measurement, and in certification work, are essential in advancing new technologies and businesses. Starting with basic weights and measures in antiquity, to protractors, sextants, clocks, to spectrometers and oscilloscopes, and advancing to the most modern metrology tools and services, this industry continues to support innovation across the […]

Monday, November 17, 2014

A good question to consider before hiring that executive

Jamie Dimon of JP Morgan Chase spoke a few years back to a business school class and he posed an interesting question.  When considering whether to promote or hire an executive, ask yourself “would you want your kids to work for this person?” It was asked in the context of what makes a good executive […]

Posted by in Family Business, Industrial
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Saturday, November 08, 2014

M&A: Keep it clean. Disposables, protective equipment, single-use technologies, and cleanroom operations on the rise.

  The world can be a messy place.  Companies that focus on keeping it a bit (or a lot) cleaner play an important role in public health, medical research and pharmaceutical manufacturing, to name just a few areas.   The economic impact of contamination in those fields can be tremendous.  Add to that the public […]

Friday, June 27, 2014

Recurring revenue counts in industries far beyond software

The recurring revenue (“RR”) business model gets a lot of attention in software M&A and growth investment, and for good reason.  Most growing subscription/ software-as-a-service (SaaS)-based software companies trade in the public markets for north of 6x revenue and many of those fortunate few with annual revenue growth over 40% trade for over 10x revenue. […]

Monday, June 16, 2014

US manufacturing continues to bloom in May

US industrial production increased in May for the third time in four months, rising a seasonally adjusted 0.6% from April, according to the Federal Reserve. Capacity utilization climbed to 79.1% in May, continuing to provide support for manufacturing expansion in 2014. US manufacturers were generally impaired by the harsh winter, and the performance in recent […]

Tuesday, June 10, 2014

5 Reasons to Sell Your Business in 2014

Owners of many privately-held businesses have sat out the recent resurgence in M&A activity while waiting for their company performance to rebound and waiting for M&A valuations to match their expectations once again.  Abundant capital and fervent demand are fueling a strong M&A market, so owners should consider these five reasons to sell their businesses […]