I just spoke at the Wisconsin Institute of Certified Public Accountants Spring Conference and the general sentiment was cautious optimism for the next 12 months. Several attendees mentioned they only see distressed companies selling and at 0.5x revenues. Another mentioned his firm has lots of cash and no debt but they are hesitant to part with it. All-in-all I think many are taking a wait and see attitude – which for the middle is okay, but the strong companies and weak companies may wait too long. Long enough that their moment will have passed.
Cautious Optimism From CPAs
- March 24, 2010
- By Capstone under M&A and External Growth, M&A in the News, Valuation
- acquisition strategy, acquisitions, business acquisitions, Capstone, CPA, David Braun, External Growth, M&A, M&A News, mergers, Mergers and Acquisitions, valuation, WICPA
Capstone Strategic is the meeting point of passion and process in the field of mergers and acquisitions. Founded in 1995 by CEO David Braun, Capstone meets the unique demands of mid-market companies and their corporate growth initiatives. We help clients achieve their dreams through proactive strategic growth programs and successful acquisitions. Put simply, we help companies grow.