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.
For many owners of independent construction firms, selling their business is more than an exit strategy; it is the cornerstone of their retirement plan.
Events during the past few years have changed merger and acquisition deal volumes, a trend we expect to continue, including large numbers of transactions driven by the amount of debt and equity capital available. We see this in all deal sizes and across all industries.
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 It can also happen when fundamental differences take place that often result in common knowledge becoming outdated or inaccurate.
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.