Salt Creek Capital Acquires IT Assist, Inc. MINNEAPOLIS, MN – August 1, 2020 – Sunbelt Business Advisors (“Sunbelt”) served as the exclusive financial advisor to IT Assist, Inc. (IT Assist), a leading provider of outsourced technology services to companies headquartered in the greater Philadelphia metro area, in connection with a sale of the Company to...
What is the Biden administration doing on capital gains taxes? The administration has indicated an increase in the capital gains tax, from 20% to approximately 39.6%, for the nation’s highest earners might be coming. It’s a tax on the growth in value of investments incurred when individuals and corporations sell those investments. When the assets...
Private Equity Groups Continue to Target Precision Industry Savvy private equity groups continue to move into the precision manufacturing industry. Pine Island Capital Partners, LLC (partnering with Bain Capital Credit, LP), a Washington D.C. PEG agreed to a buyout to acquire Precinmac Precision Machining. Precinmac is a four-division precision shop with locations in the US...
Tony Hallada of CLA Wealth Advisors was our guest speaker on the topic of Opportunity Zones and the benefits of qualified opportunity funds (QOF) to potentially leverage three tax benefits: initial gain deferral, basis step-ups, and tax-free appreciation. In case you missed it: https://www.youtube.com/watch?v=gre9IXp0Lgg Download Presentation
Written by Keith Payne, Business Advisor, Broker and Industry Expert Source: The Minnesota News - Spring 2021 by MIIAB "I am very fortunate to work with business owners across multiple industries, and I can assure you that no business owners are more connected to their clients than a family-owned insurance agency. Owners invest their careers...
MINNEAPOLIS – “The American Academy of Ophthalmology declared 2020 to be the ‘Year of the Eye,’ and the American Optometric Association took it a step farther and declared it to be the ‘Year of the Eye Exam’,” said Sunbelt Business Advisors President Chris Jones. “We’re taking it another step farther yet and declaring this the...
The latest round of Paycheck Protection Program funding opened one month ago and already it has succeeded in making major improvements to the program’s implementation: For businesses with fewer than ten employees, the share of funding is up nearly 60%For businesses in rural communities, the share of funding is up nearly 30%The share of funding...
A core variable in valuing a main street business is Seller's Discretionary Earnings (SDE). SDE quantifies the earning power of the business for an owner-operator.
Once you have narrowed down your top choices for a purchase, you will want to learn more. At this point you understand the business at a high level, and you are serious enough about purchasing that you are ready to see the business and meet the owner. This is an important step before you submit...
