Industry Reports

Published on: 05/01/2012
An attractive category within the consumer staples industry, the natural & organic products sector is experiencing strong M&A activity, as is the industry as a whole. An estimated 366 consumer staples transactions were reported closed in 2011. This number is about equal to the deal count of 2010. The following chart shows that the consumer staples industry’s M&A activity has largely recovered from the recessionary decline of 2009 and is again experiencing a healthy climate.
Published on: 05/01/2012
Some of the reasons behind the variation in valuation are specific to the buyer, meaning your business may have characteristics that are a “Must Have” to one buyer, but only a “Nice to Have” to another. As a result, valuation is in large part influenced by the needs of and fit with a specific bidder. That said, there are certain attributes of medical device outsourcing companies that buyers will generally pay a premium for, or apply a discount against, relative to the pricing norms for the industry.
Published on: 04/15/2012
The Infrastructure space continues to record subtle wins that incrementally add to the attractiveness of the sector from a mergers & acquisitions standpoint. Whether it be new funding, additional government regulations, or continuing press coverage about the aging infrastructure (as one industry veteran put it “It isn’t getting any younger”), the chips keep stacking on the side of this industry performing well into the future.
Published on: 04/01/2012
M&A activity in the electronic components industry has been recovering for the past two years after experiencing a steep decline in 2009 that reflected both the state of the industry and the capital markets in general. Today, the M&A market is much improved, supported by strong fundamentals including an abundance of cash in the hands of corporate buyers, a large overhang of capital that needs to be deployed by the private equity community, commercial lenders who are once again willing to lend, continued low interest rates, and an improving economy that is likely to boost electr
Published on: 03/30/2012
As we look out over the horizon, we are optimistic about the prospects for middle-market business owners who may be considering a liquidity event. Our optimism is based on the fact that the current merger & acquisition market is supported by strong fundamentals, including:
Published on: 03/25/2012
Outsourced clinical services are defined as specialty medical services that are delivered in the setting of a hospital, outpatient surgery center, or skilled nursing facility by clinicians or medical specialists who are not employees of the hospital or facility. Such services are outsourced, and provided by corporations that operate independently from the facility. The outsourced positions generally involve physicians, physician assistants, nurse practitioners, or medical technicians.
Published on: 03/01/2012
The U.S. recreational products industry is an $8.7 billion market comprised of companies engaged in the manufacturing and marketing of sporting goods, outdoor equipment and equipment for other recreational activities such as archery and billiards.
Published on: 02/01/2012
Merger and acquisition activity in the pet and animal care industry has improved compared to activity observed in 2009 and 2010. In 2011, there were 42 announced M&A transactions involving U.S. targets, which compares favorably to 22 announcements and 40 announcements in 2009 and 2010, respectively. We believe this increase reflects an improvement in the overall M&A market as well as increased interest in the pet sector, especially by private equity firms. 
Published on: 01/25/2012
M&A activity in the juvenile products market has been consistently strong throughout 2010 and 2011 with 76 deals reported for the two years. There was a marked decline in activity in 2009 as companies were more focused on organic growth versus growing via acquisitions during the recessionary economic period. There is currently an elevated interest from both buyers and sellers in the industry, and M&A activity remained strong in 2011 with 32 announced transactions during the year, 10 more than in 2009.
Published on: 01/01/2012
The economic downturn took its toll on mergers & acquisitions in the industry, which slowed during the depths of the recession in 2008 and 2009. During this period, the predominance of the activity we were experiencing in the space was related to distressed situations, typically involving opportunistic buyers and depressed valuation levels. At the same time, buyers remained cautious and, while there was plenty of interest in companies that were performing well and growing despite the recession, overall activity was subdued.