Manufacturing on a roll
June’s ISM report illustrates the ongoing momentum in the manufacturing sector. With the PMI® at 53.5%, economic activity in the manufacturing sector expanded for the 30th consecutive month, and the overall economy grew for the 73rd consecutive month. The production and employment indices were up from May. 11 of the 18 manufacturing industries reported growth in […]
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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 […]
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Three places good businesses come from
At Mirus, we work with middle-market companies, typically closely-held and often “organically grown” with the founder(s) still involved. Most of our clients have built their business around particular cultures (customer-oriented, cost-driven, innovation-centered, team-oriented, etc.), strategy (focus, cost, etc.) as well as particular capabilities, often developed following early success with one or more significant customers. Sometimes […]
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Manufacturing continues to expand in Massachusetts
January’s Federal Reserve “Beige book” highlighted some encouraging developments in our local economy. Manufacturing activity grew at a moderate pace in the Boston area, as well as in New York, Chicago, and San Francisco, according to the report. Other studies indicate that overall employment in Massachusetts continues to improve, and is expected to reach nearly 3.5 […]
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The $360 billion revenue question
The way you recognize you company’s revenues is about to change. In particular, the way companies recognize revenue for licenses and long-term contracts, including the those traditionally measured under a “percentage-of-completion” method, will be affected by changes FASB has planned to make effective January 1, 2017. The total amount of deferred revenue on the books […]
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Where is your company headed?
We work with middle-market companies, many of which are clear outperformers – more profitable than peers, with great employees, and better growth prospects. Some attributes of good businesses can be captured in a snapshot – profit margin, return on invested capital – these are one-dimensional “scalar” quantities. They each give us a nice understanding of a […]
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$100 billion of M&A in a day
“Merger Madness” was the headline this Monday as $100 billion in deals were announced. Halliburton (acquiring Baker Hughes) and Actavis (acquiring Allergan) shared the spotlight. These two big deals are just the latest in an already strong year for M&A. The total value for acquisitions of U.S. companies stood at $1.354 trillion before Monday’s news, up […]
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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 […]
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