We are excited to share our latest Industrial Services Report, which underscores the remarkable strength of the industrial sector and the continued interest it is generating among investors.
Our industrial sector index has outperformed the S&P 500 over the past 3 years and continues to maintain strong valuations. Investors seek industrial firms focusing on mission-critical maintenance and recurring revenues. These companies are considered less risky and command higher valuations.
Despite recession predictions, middle market transactions closed in Q1 2023 remained consistent with the previous three quarters. Purchase price multiples have stayed stable despite increased capital costs.
Debt is still available for middle market deals albeit pricier. Senior debt is 8.1% (Q1 2023) versus 6.7% (Q4 2022). Subordinated debt rose to 16.8% from 14.0%. This has motivated investors to increase equity contributions to 59.7% from 56% last year allowing for a continued competitive deal environment.
For more tailored details to your specific line of business, please reach out to us.
Frank Devay, along with Steve Kesten of BoyarMiller and Michael Landers of ABIP CPAs & Advisors, presented Riding the Roller Coaster of Selling Your Business. The hybrid seminar was held September 14, 2022 at the BoyarMiller office.
Please contact us for webinar recording.
Frank deVay, along with Charles Cox of LongueVue Capital and James Darnell of KLH Capital, will be a panelist in the Turnaround Management Association of Louisiana webinar, Closing a Deal in a Pandemic. The webinar will be held Thursday, July 22 12:00pm-1:00pm. The webinar is free for members, $10 for non-members.
Frank deVay, along with David Branton, CEO of Insulations, Inc., were part of the New Orleans CityBusiness CB Now webinar series. The webinar, entitled Smooth Seas Do Not Make Skillful Sailors: Unlocking the Value of Your Business was held on Wednesday, June 9 12:00-1:00pm.
Taylor Gilbert, discussed how the pandemic has affected business transactions. He was joined by Neuralogix Chief Development Officer Brandon Migliore, and LongueVue Capital Vice President Austin Rees. The webinar, entitled Ripples in the Health Care Delivery System: Winners and Losers from the Impact of COVID-19, was hosted by New Orleans CityBusiness on Wednesday, April 28 at 12:00pm.
Frank deVay along with Todd Giustiniano from Carr, Riggs and Ingram, LLC and Ben Domingue from UBS Financial Services, Inc, held a webinar April 13, 2021 entitled Selling or Recapitalizing Your Business: Why Now? Who’s Playing? What Do You Need To Know?
G.F. Gay Le Breton and Taylor Gilbert along with Scott Whittaker and David Rieveschl with Stone Pigman held a webinar entitled Dealing With Distress: M&A Strategies for Financially Troubled Companies on June 23, 2020.
Vanessa Brown Claiborne and Frank deVay of Chaffe spoke at a webinar sponsored by ACG entitled Can I Still Sell My Company and Get a Good Price? on May 27, 2020.
Vanessa Brown Claiborne and Taylor Gilbert of Chaffe spoke at a webinar sponsored by Turnaround Management Association entitled Positioning a Troubled Company for Sale or Investment on May 20, 2020.
G.F. Gay Le Breton of Chaffe along with Scott Whittaker and Dan Walter with Stone Pigman held a webinar entitled Tax Reform: Implications for M&A on May 1, 2018.
Other Chaffe Articles
ESG: The Good, The Bad, and the Ugly, written by Nene Gianfala, CPA/ABV, CEIV, published in Louisiana CPA Lagniappe Magazine, July 2022
SPAC Attack: It All Started With Twinkies, written by Vanessa Brown Claiborne, CPA/ABV, published in Louisiana CPA Lagniappe Magazine, November 2021
City Business Articles
G.F. Gay Le Breton, Managing Director, authors an article in New Orleans’ CityBusiness Newspaper on a monthly basis: