Opportunity Zones and Opportunity Funds

January 31, 2019

Thanks to Robert Drumm for writing this article for us. Robert is an attorney and entrepreneur with 16 years experience in special-purpose real estate finance and development, business transactions, workouts, and day-to-day business operations. He returned to full-time legal and consulting practice after successfully rejuvenating a specialty packaging business serving the craft beverage industry.

Starting in the 1920s, “1031 Exchanges” give real estate investors a way to recycle and preserve capital by deferring tax on gains from the sale of one property by promptly reinvesting it in another. Unfortunately, investors in operating companies have not had a similar vehicle to forestall the tax man. Read more

Much Ado About Little: 2018 M&A Update

November 12, 2018

It’s a great time to be a seller. But, don’t buy all the hype. There’s a difference between what the newspaper says and what you or your clients will experience. It’s not much ado about nothing, it’s much ado about little.

In this update on 2018 M&A activity, we’ll dig into valuations and multiples, interest rates, tax reform, and the fight for talent. The conclusion will look at a few of our first-hand observations.

Remember, as always, everything we cover is in the context of our dealmaking scope. That means we’re talking about companies that are mature (not start-up’s), privately-held, and small- to lower middle market-size (revenue ranging from $1M – $50M). Read more