January 13, 2021
Boston, MA - Capstone Headwaters (“Capstone”), a leading middle market investment banking firm, announced it has completed the acquisition of Amherst Consulting LLC (“Amherst”) as part of a continued plan to grow the company’s Financial Advisory Services (“FAS”) group.
January 11, 2021
Boston, MA, January 11, 2021 - Capstone Headwaters, a leading middle market investment banking firm, is honored to announce the receipt of several transaction and leadership awards from M&A Advisor, the premier global network of M&A, Turnaround and Finance professionals.
January 7, 2021
Boston, MA - Capstone Headwaters (“Capstone”), a leading middle market investment banking firm, is pleased to announce the addition of Managing Director Jamie Lisac to help lead its Special Situations Investment Banking Group (SSIB). Lisac will be based in Capstone’s Chicago office. This is the second phase of expansion for Capstone’s Financial Advisory Services (FAS) group. The first phase kicked off last month with the addition of a new team in the Denver office.
January 4, 2021
Boston, MA – Capstone Headwaters released its Apparel, Footwear, & Accessories Update today, reporting that companies have been forced to rapidly adapt their business models amid the COVID-19 pandemic, as state-mandated lockdowns restricted in-store sales and consumer spending retracted due to job losses and economic uncertainty.
December 8, 2020
Boston, MA - Capstone Headwaters, a leading middle market investment banking firm, is pleased to announce the first phase of expansion for its Financial Advisory Services (“FAS”) Group, the corporate financial advisory services division of the firm. In the Denver Office, the FAS Group added a new team led by Managing Director John Koskiewicz. John and the team will be integral in building out the group’s mid-west operations.
December 2, 2020
Boston, MA - Capstone Headwaters, a leading middle market investment banking firm, was recognized at the Global M&A Network’s 12th Annual Americas M&A Atlas Awards celebrations, held virtually this year on November 16 and 17, 2020. The Awards recognize the achievements of successful dealmakers, outstanding firms and the best-growth delivering transactions.
November 17, 2020
Boston, MA – Capstone Headwaters released its E-Commerce & Internet Retailing industry update today. E-commerce demand has reached unprecedented levels amid COVID-19, with online sales rising 44.5% in Q2 year-over-year, accounting for over 16% of total retail sales, according to the U.S. Census Bureau. As consumer preferences for digital capabilities have accelerated, online marketplaces have captured heightened sales growth.
November 13, 2020
Boston, MA – Capstone Headwaters released its Q3 2020 Enterprise SaaS & Cloud Update today, reporting merger and acquisition (M&A) activity reached a record of 2,564 deals totaling over $150 billion in value over the last twelve months. M&A activity soared in Q3 to 945 deals, exceeding the prior quarterly record by nearly 300 deals while doubling Q2 volume. However, deals for the quarter tended to be smaller transactions at weaker multiples.
November 12, 2020
Boston, MA - Middle market (MM) loan volume recovered modestly in Q3, but nonetheless represented a fraction of historical levels. The rapid roll-out and adoption of government stimulus packages, including the Paycheck Protection Program, somewhat mitigated the initial impact of COVID-19 on loan portfolios. Still, LCD’s survey of portfolio managers yielded an average anticipated default rate of ~5.3% for 2020 and over 6.0% for the period ending June 30, 2021, a level nearly 400 bps wider than the same survey results at the end of 2019.
November 3, 2020
Boston, MA – Capstone Headwaters released its Outdoor Recreation & Enthusiasts update today, reporting that COVID-19 lockdowns and social distancing protocols have driven consumers to increasingly pursue recreation and leisure activities, contributing to heightened demand for outdoor, sporting goods, and tactical product manufacturers.
October 27, 2020
Boston, MA – Capstone Headwaters released its October Packaging update today, reporting merger & acquisition (M&A) activity has outpaced 2019 volumes by approximately 8% through September, primarily due to a 75% increase in Q1 year-over-year (YOY) activity. As the coronavirus induced uncertainty in capital markets, deal activity dropped sharply in Q2 and then began to pick up again in Q3.
October 26, 2020
Boston, MA – Capstone Headwaters released its Test & Measurement (T&M) Industry Update today, reporting that the performance of publicly traded T&M companies has recovered into positive territory since the onset of COVID-19. We expect this strength to continue for the remainder of the year, placing the sector in an enviable position to benefit from a return to sustainable economic growth in 2021.
October 26, 2020
Boston, MA – Capstone Headwaters released its Construction Services Industry update today, reporting that COVID-19 induced headwinds through Q2 2020 manifested in project delays and cancellations, supply chain challenges, and workforce capacity restrictions, contributing to substantial declines in construction spending. However, industry demand has rebounded in recent months, with construction notching three consecutive months of gains, rising 1.4% in August, according to the U.S. Census Bureau.
October 22, 2020
Boston, MA – Capstone Headwaters released its Post-Secondary Education October Update today, reporting that COVID-19 headwinds and the approaching presidential election have created some deal hesitancy for post-secondary institutions, as they monitor the pandemic and wait to see how a potential administration change could impact funding and the regulatory environment. While the year has stalled immediate growth strategies, enrollment in colleges and universities has historically climbed during times of high unemployment and market uncertainty, positioning the industry for near-term growth.
October 20, 2020
Boston, MA – Capstone Headwaters released its Juvenile Products & Toys update today, reporting that COVID-induced store closures and lockdown measures severely impacted retail spending at the onset of the pandemic, with retail sales falling 14.7% in April, according to the U.S. Census Bureau. However, as personal consumption expenditures and retail sales have rebounded in recent months, the Juvenile Products & Toys industry has experienced a surge in demand.
October 20, 2020
Boston, MA – Capstone Headwaters released its Financial Technology (FinTech) & Payments Update today, reporting that deal volume and financings across the Financial Technology (FinTech) & Payments industry decreased 20% year-over-year (YOY) but increased 11% on a quarter-over-quarter basis.
October 15, 2020
Boston, MA – Capstone Headwaters released its Application Development (AppDev) & Deployment Update today, reporting that the industry has demonstrated resilience and heightened demand throughout the COVID-19 pandemic, as consumers and businesses have embraced digital platforms and mobile applications to connect and communicate amid social distancing measures and lockdowns.
October 9, 2020
Boston, MA – Capstone Headwaters released its Cybersecurity update today, reporting that the substantial shift to remote working and heightened migration to cloud-based applications has underscored the need for robust and effective cybersecurity solutions. As the attack surface expands, organizations have faced the task of securing sensitive data and communication outside of their on-premise enterprises due to COVID-19.
October 1, 2020
Boston, MA – Capstone Headwaters released its Heating, Ventilation, Air Conditioning, and Refrigeration (HVACR) Services Update today, reporting that merger and acquisition (M&A) activity in Q1 2020 outpaced 2019 activity by 36.7%, followed by a sharp reduction in deal volume in Q2. The abrupt slowdown in deal making in Q2, driven by coronavirus-induced uncertainty, has resulted in a 10.3% decline in transaction volume year-over-year through August.
September 29, 2020
Boston, MA – Capstone Headwaters released its Rock Products update today, reporting that following four consecutive months of decline in construction spending, activity has begun to stabilize with July construction increasing a modest 0.1%, according to the U.S. Census Bureau. While tighter project financing conditions and weakened state and local government finances have presented challenges for aggregates producers, the backlog of activity has remained robust, supporting continued industry demand.
