Three Key Ingredients for a Successful Roll-Up Strategy
Over the last several months, we’ve talked to numerous businesses contemplating roll-up strategies. These businesses represent a wide cross section of industries ranging from industrial manufacturing, financial services, and medical services to IT software and services. We expect add-on and roll-up activity to be a large piece of the overall M&A pie in 2020 and […]
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. […]
“$163 million?!!!? Hey, Terminate ME!” (Break-up fees in the middle market)
Hillshire Brands agreed last month to acquire Pinnacle Foods for $4.3 billion in a deal intended to broaden Hillshire’s product offerings beyond Ball Park hot dogs, Jimmy Dean sausages, and other protein products by adding Pinnacle’s roster of iconic grocery brands including Birds Eye, Mrs. Paul’s, Log Cabin, Duncan Hines, Vlasic and more. The market […]
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 […]
The Return of Public Acquirers to the Middle Market
Mirus Capital Advisors has been in business for over 25 years, working with businesses with a variety of ownership structures – public, family-owned, private equity owned, venture-backed, entrepreneur owned, etc. and we’ve been fortunate to work with a lot of closely-held businesses in sales to public companies. Since we’re based just outside of Boston, we work […]
A&D – Opportunistic deals coming for the middle market
When most people think of M&A in the A&D sector, they think big. United Technologies acquiring Goodrich, Providence Equity / SRA, Lockheed / Martin Marietta, Northrop / Litton / Grumman / Westinghouse. These mega-deals have transformed the industry over the past 30 years. However, A&D is an innovative sector with smaller companies leading development of […]
Healthcare – Expecting increases in deal activity
Healthcare services M&A is expected to accelerate in the coming months, according to a recent GE Capital survey of healthcare services executive. Increased optimism about business performance is a key driver. In that survey, 88% of executives indicated that M&A is in their near-term future. The survey examined the expectations of more than 200 senior […]
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