One of the most important skill sets that successful business owners have is the ability to be ready for just about anything. The key to doing this is being agile. Let’s look at what an agile framework looks like, why it matters, and the differences between waiting for perfection and being agile in your business planning. The...
The Second of Four Installments in our Series: Managed Service Providers In our previous blog post titled,Why IT Managed Service Provider (MSP) businesses are being acquired? , we discussed the current market frenzy over cloud-based technologies and the heightened activity with mergers and acquisitions within the Managed Service Provider industry. In this article, we cover...
Private Equity Acquires Managed IT Ensono found its new owner in April 2021, when the private equity mega-group, KKR & Co., signed a definitive purchase agreement to acquire the worldwide IT services giant. Ensono is based in Downers Grove, Illinois, and the company is widely regarded for providing services to aid clients with IT infrastructure...
Valuing your business for sale properly is critical before you decide to sell. There are a lot of things to consider. All business owners will consider selling their business one day. And there are a lot of reasons why. As a business owner considering alternatives for transition, you may not have family members ready and...
The First of Four Installments in our Series: Managed Service Providers There is an acquisition frenzy over cloud-based technologies in the marketplace today.If you are a business owner in this space, this should interest you. A primary factor is heavy demand for managed services by banks and healthcare in the light of market and regulatory...
Chris Jones, President of Sunbelt Business Advisors and Kirill Graminschi, Associate at Sunbelt Business Advisors discuss topics including: What will you do after you exit your business?Price, terms, taxes – it’s what you NETWhat are your value drivers? Why do similar size companies in the same industry sell for much different prices?Valuation: Purchase price vs....
Chas Woodhull, Financial Advisor and Dan Palmer, Financial Representative of Northwestern Mutual discuss topics including: I've sold my business...now what?What if I don't get the exit I need or want?How can I minimize taxes on the sale of my business?What's the best way to manage my new assets given my needs? In case you missed...
Article Adapted by Minnesota Trucking Association This may be the best business-for-sale climate in the last 20 years! Buyers and Sellers will often question me when I make this statement. I explain that in my 20 years of selling businesses, I’ve never seen a more perfect time to acquire or retire, depending on your current...
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...
