News

M&A Activity: Louisiana energy services companies actively pursue growth through acquisitions

G.F. Gay Le Breton And Liam Norton //September 19, 2023 https://bit.ly/Chaffe-CB-Sep23 With rising oil demand and increased drilling and production activity in the Gulf of Mexico, Louisiana energy services companies are actively pursuing growth through acquisitions. Two such companies announced …

Read More

M&A Activity: Local biotech startup AxoSim makes an acquisition

G.F. Gay Le Breton And Ryan Gerton, Contributing Writers//August 8, 2023 https://bit.ly/Chaffe-CB-Aug23 New Orleans biotech startup AxoSim, Inc. reached an agreement in July with Vyant Bio, Inc. to acquire the microBrain-associated assets of its StemoniX subsidiary.  Effective immediately, AxoSim will …

Read More

M&A: 3 Louisiana-based private equity groups announced acquisitions in June

By: G.F. Gay Le Breton And Ryan Gerton, Contributing Writers July 13, 2023 https://bit.ly/Chaffe-CB-July23 Three Louisiana-based private equity groups announced acquisitions in June, as they continue to deploy capital across a broad set of industries and geography. New Orleans-based Carr’s …

Read More

Bidding war revs up to acquire Amedisys Inc., tops recent multi-billion-dollar M&A activity

By: G.F. Gay Le Breton And Ryan Gerton June 14, 2023 https://bit.ly/Chaffe-CB-June23 A bidding war to acquire Baton Rouge-based Amedisys Inc. seems to be heating up. On May 3, 2023, the publicly-traded home health and hospice care company agreed to …

Read More

Reasonable People Can Disagree

Clary Hood, Inc. v. Commissioner T.C Memo. 2022-15 raised the issue of reasonable compensation under IRC Sec. 162(a)(1). The IRS questioned whether the amounts paid to Mr. Hood were deductible as a necessary business expense. In 1980, Clary Hood and …

Read More

Fairness the New Winning Strategy

By: Riley Busenlener, CPA/ABV, ASA, AEP, JD Winning a dispute does not require an extreme position, despite what current times would have most believe. An extreme position is not likely to be in either the client’s or attorney’s best interest. …

Read More

Media group’s acquisition tops M&A activity in April

By: G.F. Gay Le Breton and Alexander Aguilar May 19, 2023 https://bit.ly/Chaffe-CB-May23 Georges Media Group expanded its local presence in April with the acquisition of Arthur Hardy Enterprises, the publisher of the magazine and website which provide extensive coverage of Carnival …

Read More

BCBSLA deal tops M&A news in January

By: G.F. Gay Le Breton and Alexander Aguilar February 13, 2023 https://bit.ly/Chaffe-CB-Feb23 Louisiana’s big M&A news in January was that Blue Cross and Blue Shield of Louisiana (BCBSLA) entered into an agreement to sell to Indianapolis-based Elevance Health Inc. (Elevance). As a nonprofit, …

Read More

DEATH SENTENCE FOR NONCOMPETES; What the FTC rule proposal means to you

By Marc S. Katsanis, CPA/ABV/CEIV/ CFA/CPVA and Nene Glenn Gianfala, CPA/ABV/CEIV/ ASA-BV/IA On January 5, 2023, the Federal Trade Commission proposed a new rule, which would impose a near-complete ban on the use of noncompetes by employers. The FTC’s mission is to …

Read More

CF Industries Holdings tops March M&A activity with $1.6B purchase of Waggaman ammonia plant

By: G.F. Gay Le Breton and Alexander Aguilar April 21, 2023 https://bit.ly/Chaffe-CB-Apr23 CF Industries Holdings, a global manufacturer of hydrogen and nitrogen products, has agreed to pay $1.675 billion for a Waggaman ammonia plant and related assets.  Australia-based Incitec Pivot Ltd …

Read More