In the course of an acquisition, “due diligence” is often regarded as a built-in part of the process – a formality to be checked off once it’s completed. However, acquisitions that conduct thorough and competent due diligence have a greater chance of success because decision-makers have the quality of information they need to make a decision.
In Mergers & Acquisitions (M&A), the landscape changes, sometimes rapidly. The reasons can be that the market is “hot” or “cold,” depending upon the level of interest, or valuation multiples demonstrated by buyers. It can also happen when fundamental differences take place that often result in common knowledge becoming outdated or inaccurate.
Hear from our clients on how HORNE Capital “exceeded expectations in every area.”
HORNE Capital is pleased to announce the acquisition of its client, B&B Electrical & Utility Contractors, Inc. (“B&B Electrical”), by United Utility Services, LLC (“United Utility”), a Bernhard Capital Partners Management, LP (“Bernhard Capital”) company.
HORNE Capital announced the acquisition of its client, Metro Mechanical, Inc., and Metro Building Services, Inc., by Fidelity Building Services Group, an Oaktree Capital Management, L.P. company.
Hear from our client about HORNE Capital: “I was amazed at the depth of buyers HORNE Capital was able to present us to… Without HORNE Capital behind us, I would have never known how to find these potential buyers.”
Hear from an HVAC mechanical and services client about how they were expecting “twenty or so buyers but ended up with almost double that” and how HORNE Capital “kept the negotiating power on our side of the court.”
I recently witnessed the sad decline of a once powerful company, and I can trace many of its problems to mistakes made just after the company was sold. This company was a giant in its industry.
Many of us rely on lists and step-by-step instructions to get us through some of the simplest tasks in life, like grocery shopping. And yet, when it comes to something as complex as the sale or acquisition of a business, many entrepreneurs and executives are willing to “wander the aisles” aimlessly trying to figure a transaction out instead of doing the basic planning that they use to make a trip to the supermarket successful. If your business plan calls for a merger or acquisition, here’s a suggested checklist to keep your transaction on track.
Let’s admit it – mergers are exciting. You get to realize your company’s strategic plan and grow the company. The intricacies of negotiations can occupy all of your attention, and getting the deal right is incredibly important. But often, transition plans for managing the resulting company are lost in the process.
Part of the life cycle of a business is a change in ownership, when an owner or founder sells his or her business. There are many motivations for owners to sell their business interests, among them:
RIDGELAND, Mississippi, January 21, 2022 – HORNE Capital, a leading M&A advisory firm, served as transaction advisor to MMI Hospitality Group in its recent acquisition of Primos Café.
HORNE Capital served as buy-side advisor to MMI President Micajah Sturdivant and the company leadership team to ensure a smooth transition between the two parties.
If you ask a dozen executives if their goals for their companies include long-term growth, you would probably get a unanimous “Yes” from the group. If you then asked them to define what long-term growth looks like at their companies, you might get a dozen different answers. In order to prepare a business for long-term growth, the first step is to understand what exactly needs to grow.
Over the past year, business owners have been confronted with key decision points related to uncertainty about the COVID-19 pandemic and how to be competitive in the new economic environment. Prices are increasing, consumer spending is up, and customer behaviors have shifted more dramatically in the past year than in recent history.
HORNE Capital, a mergers and acquisitions advisory firm, is pleased to announce the acquisition of its client, B&B Electrical & Utility Contractors, Inc. (“B&B Electrical”), by United Utility Services, LLC (“United Utility”), a Bernhard Capital Partners Management, LP (“Bernhard Capital”) company.