Companies Continue to Expand through Acquisition Harris, a St. Paul-based and leading mechanical contractor, acquired HVAC Controls & Specialties on April 1, 2021. Acquisition of the Garden City, ID company will allow Harris to expand its workforce and services into and across the state of Idaho. Leadership said, “This acquisition reflects our continued commitment to...
There has never been a better time to consider selling an independent insurance agency. Right now with dozens of buyers lined up interested in purchasing independent insurance agencies in the Twin Cities area. It is a seller’s market. How can you get ready to make the right decision about possibly selling your practice? Read this article from...
MINNEAPOLIS – June 16, 2021 – Sunbelt Business Advisors President Chris Jones announced that Sunbelt has been honored as among the “Best Places to Work,” according to annual rankings published by the Minneapolis St. Paul Business Journal (MSPBJ) today. MSPBJ wrote, “In 2021, we are honoring 20 companies in the extra small category (10 to...
If divorce is an issue when selling a business, owners usually split the proceeds of any sale equally, so getting the best price and terms available for both sellers is critical. Taking advantage of the expertise of an experienced business advisor and broker is essential to the best possible outcome. Dissolving a partnership due to...
Private Equity Demand Continues to Drive Attractive Sale Prices GB Auto Service, Inc., a Greenbriar Equity Group, L.P. holding, has made a move to expand its presence nationwide. GB Auto Service underwent an acquisition at the beginning of April 2021 to take control of Goodguys Tires & Auto Repair, a five-location automotive repair and service...
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...
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...
KAG Cements presence in Canada with acquisition. Mid-October 2020, American trucking and logistics company agrees to acquire an ally from the North. Kenan Advantage Group, from North Canton, Ohio has acquired Paul’s Hauling Ltd., from Winnipeg, Manitoba. Kegan Advantage Group is among the top trucking and logistics companies in the United States, while Paul’s Hauling...
