Articles and Resources
Despite some lingering headwinds from 2022, buyer interest in the industrial services sector remains enthusiastic. Median transaction multiples are largely unchanged from years past. Financial buyers have more cash to invest than they can find quality companies to acquire. Strategic buyers with strong balance sheets also seek acquisitions. All these factors contribute to a competitive deal environment.
What does all this mean for valuations, transactions, and recapitalizations in the Industrial Services sector in 2023?
- Investors are seeking businesses that thrive in a low-growth/recessionary environment.
- The Industrial services sector appears to be a bright spot for M&A activity as demand for services related to petrochemical, energy, and infrastructure projects remain positive.
- Firms specifically focused on mission-critical maintenance work with recurring revenues and sustainable margins will command broader interest, higher valuations, and attract debt financing.
View the full December 2022 Market Insights
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: