Mike Welch

Human Capital Industry Update Q4 2021

The fourth quarter of 2021 closed out what was an exceptionally strong year for human capital M&A activity. After deal activity plummeted by ~50% as a result of the COVID-19 pandemic in early 2020, activity has recovered to pre-pandemic levels.

Tramec Sloan, a division of Tramec, LLC, announced the acquisition of Penz Products, Inc. on December 31, 2021, bringing together two established US manufacturers to broaden and strengthen manufacturing capabilities. Penz Products is a diverse manufacturer, located in Mishawaka, Indiana, serving a variety of markets, principally commercial vehicles. It was founded in 1956 by Wally …

Tramec Sloan Acquires Penz Products, LLC. Read More »

The 200 industrial services transactions completed YTD represent a 40% increase over YTD 2020, with add-on acquisitions accounting for more than half the M&A activity in the space this year.

Human Capital Industry Update Q2 2021

Through the first half of 2021, the human capital industry has seen nearly as many deals completed as it did in all of 2020, with transaction activity picking up enough that it is likely to return to the lofty levels set from 2017 through 2019.

In our July 2021 edition of M&A Insights, Mike Welch shares five key gaps that investment bankers can close for business owners to help them optimize value in the sale of a company, including providing M&A expertise, crafting a value proposition, enhancing credibility, unburdening the owner, and creating competition.

In Q1 2021, it almost seemed as if the M&A market had forgotten about the effect of the pandemic on financing markets and transaction risks. M&A continued at a blistering pace with 67 transactions in the quarter, compared to 62 in Q4 2020 (Q4 typically having the lion’s share of deals as shareholders seek to …

Industrial Services Industry Update – Q1 2021 Read More »

The human capital M&A market has rebounded nicely so far in 2021, with Q1 2021 transactions accounting for approximately 45% of total 2020 deal count. The increase in activity is a result of pent-up demand from buyers who put acquisitions on hold for most of the previous year.

In our May 2021 edition of M&A Insights, Mark Streekstra and Mike Welch share their perspective on the impact of the pandemic on M&A, taking a look at deal activity, capital availability, industry winners and losers, and some predictions for 2021.

Many M&A transactions were put on hold in early 2020 as the pandemic increased uncertainty and dried up financing markets. However, the second half of 2020 marked a return to normal. In fact, many industrial services businesses saw increased interest in the M&A market, particularly in verticals such as janitorial services, HVAC services, food production …

Industrial Services Industry Update – Q4 2020 Read More »

The M&A market for human capital companies remained muted in 2020, posting a record low number of transactions, primarily due to pandemic-related shutdowns, supply chain slowdowns, and weakened demand for staffing labor.

Office furniture specialist Kimball has signed a definitive agreement to acquire David Edward, the family-owned manufacturer of upholstery and furniture targeting the corporate, health care, education and hospitality markets. “We were inspired by the employees’ commitment to quality and their incredible tailoring skills,” says Kimball president Mike Wagner. “We will further invest in David Edward and build their brand …

Kimball Acquires David Edward Read More »

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