PE Firms used to be creative. They used to look for opportunities to consolidate operations and realize synergies. In the boom period, most PE firms got lazy, as valuations were climbing. But in recent years they have gotten back to the business of unlocking value. Our team is currently representing several businesses which have enormous potential given the right amount of investment. I’m encouraged to see a number of PE firms have not only expressed interest, but have really dug in alongside management to build a business case for expansion capital, future acquisitions, and other value-creating initiatives.