News From The Middle

Q3 2018

There is no question that the M&A market is white hot. Amidst the longest period of economic expansion in US history, the M&A market has been bolstered by cash-rich companies, cheap and easy access to acquisition financing, significant amounts of private equity (PE) dry powder, and strong optimism in the US economy. The National Federation of Independent Business (NFIB) watched the Small Business Optimism Index rise to 107.9 in July—the second-highest level in history, falling within 0.1 point of the July 1983 all-time high. Overall, Capstone Headwaters is finding that the frothy state of the market is resulting in buyers and investors seeing more opportunities than ever before.