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.
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: