The Bridgepoint Midwest M&A Index, which measures M&A activity in the Midwest US, decreased 22.8% in Q2 2013 from Q1 2013, and was down 27.6% from Q2 2012. The number of M&A transactions in the Midwest fell 18.2% between the quarters while median deal size increased to $13.8 million. Despite the decline, valuations reached a new high of 14.6x EBITDA, indicating strong demand from corporate and private equity buyers.
It's a sellers' market at the beginning of 2017. Bridgepoint Merchant Banking releases the latest Midwest M&A Index, measuring corporate mergers & acquisition activity in the region. Insight is provided on the current market status and statistics on selected Midwest transactions.
CIT: Voice of the Middle Market – Perspectives from the Heart of the U.S. Eco...CIT Group
According to U.S. Census data, middle market executives, whose companies take in more than $6 trillion in revenues and employ more than 30 million people annually, are expressing renewed optimism in their business prospects compared to a year ago. However, despite this positive outlook they are concerned about potential tax increases, government regulations, compliance with the Affordable Care Act and the current strength of the U.S. and global economies.
It's a sellers' market at the beginning of 2017. Bridgepoint Merchant Banking releases the latest Midwest M&A Index, measuring corporate mergers & acquisition activity in the region. Insight is provided on the current market status and statistics on selected Midwest transactions.
CIT: Voice of the Middle Market – Perspectives from the Heart of the U.S. Eco...CIT Group
According to U.S. Census data, middle market executives, whose companies take in more than $6 trillion in revenues and employ more than 30 million people annually, are expressing renewed optimism in their business prospects compared to a year ago. However, despite this positive outlook they are concerned about potential tax increases, government regulations, compliance with the Affordable Care Act and the current strength of the U.S. and global economies.
Private Equity and Venture Capital volume is depressed amid uncertainty and a changing capital environment during the first quarter of 2017. Read Bridgepoint Merchant Banking's latest Midwest Capital Raise Update, measuring private equity and venture capital throughout the Midwest.
The pace of transaction activity intensified as the year progressed and 97 transactions were closed in Q4 alone,
making it IMAP’s strongest quarter ever.
Mercer Capital's Bank Watch | July 2019 | Bank M&A Mid-Year UpdateMercer Capital
Brought to you by the Financial Institutions Team of Mercer Capital, this monthly newsletter is focused on bank activity in five U.S. regions. Bank Watch highlights various banking metrics, including public market indicators, M&A market indicators, and key indices of the top financial institutions, providing insight into financial institution valuation issues.
Etude PwC sur les opérations de fusions et acquisitions dans le secteur banca...PwC France
http://pwc.to/ZVxv2H
L’étude « Brave new world : new frontiers in banking M&A » menée par PwC montre que le recul des fusions-acquisitions bancaires observé ces dernières années ne s'explique pas uniquement par un ralentissement conjoncturel, mais traduit un changement radical des comportements en raison notamment de la modification de l’environnement économique et réglementaire.
Comment les opérations de fusions et acquisitions dans le secteur bancaire évoluent-elles ? Quelles perspectives pour les années à venir, région par région ? Quelles questions les banques doivent-elles se poser ?
Business guide for US. 2014 Update. Doing business in United States? Want to export your products in US? whatever your purpose is, will find helpful info which will help your business objectives.
Staffing Industry M&A Landscape - October 2016Duff & Phelps
In the first nine months of 2016, 94 staffing industry M&A transactions were completed by 87 unique buyers. After a slow second quarter, staffing M&A activity reaccelerated in the third quarter of 2016 as sellers took advantage of favorable market conditions and the ample number of buyers interested in making acquisitions in the sector.
Private Equity and Venture Capital volume is depressed amid uncertainty and a changing capital environment during the first quarter of 2017. Read Bridgepoint Merchant Banking's latest Midwest Capital Raise Update, measuring private equity and venture capital throughout the Midwest.
The pace of transaction activity intensified as the year progressed and 97 transactions were closed in Q4 alone,
making it IMAP’s strongest quarter ever.
Mercer Capital's Bank Watch | July 2019 | Bank M&A Mid-Year UpdateMercer Capital
Brought to you by the Financial Institutions Team of Mercer Capital, this monthly newsletter is focused on bank activity in five U.S. regions. Bank Watch highlights various banking metrics, including public market indicators, M&A market indicators, and key indices of the top financial institutions, providing insight into financial institution valuation issues.
Etude PwC sur les opérations de fusions et acquisitions dans le secteur banca...PwC France
http://pwc.to/ZVxv2H
L’étude « Brave new world : new frontiers in banking M&A » menée par PwC montre que le recul des fusions-acquisitions bancaires observé ces dernières années ne s'explique pas uniquement par un ralentissement conjoncturel, mais traduit un changement radical des comportements en raison notamment de la modification de l’environnement économique et réglementaire.
Comment les opérations de fusions et acquisitions dans le secteur bancaire évoluent-elles ? Quelles perspectives pour les années à venir, région par région ? Quelles questions les banques doivent-elles se poser ?
Business guide for US. 2014 Update. Doing business in United States? Want to export your products in US? whatever your purpose is, will find helpful info which will help your business objectives.
Staffing Industry M&A Landscape - October 2016Duff & Phelps
In the first nine months of 2016, 94 staffing industry M&A transactions were completed by 87 unique buyers. After a slow second quarter, staffing M&A activity reaccelerated in the third quarter of 2016 as sellers took advantage of favorable market conditions and the ample number of buyers interested in making acquisitions in the sector.
Private Equity and Venture Capital volume stays depressed while valuations remain high during the second quarter of 2017. Read Bridgepoint Merchant Banking's latest Midwest Capital Raise Update, measuring private equity and venture capital throughout the Midwest.
Mercer Capital's Investment Management Industry Newsletter | Q4 2018 | Focus:...Mercer Capital
Mercer Capital’s Asset Management Industry newsletter is a quarterly publication providing perspective on valuation issues pertinent to asset managers, trust companies, and investment consultants.
Bridgepoint Merchant Banking releases an update on the trucking industry, including reporting and insights on valuation cycles and key business considerations.
Bridgepoint Merchant Banking's newest industry update on the physical therapy industry, including reporting and insights on current market trends and selected industry transactions.
The official market update presented at the 2017 Faegre Baker Daniels M&A Conference, including data and insights from industry leaders on current deal activity, valuations and future predictions.
Bridgepoint Merchant Banking releases an update on the Midwest banking industry, including commentary on selected industry transactions. Reporting and insights on valuation cycles, efficiency ratios and the US bank loan landscape are also covered.
Bridgepoint Merchant Banking releases a mid-year update on the trucking industry. Reporting and insights on valuation and key business considerations are included.
Bridgepoint Merchant Banking releases an update on the trucking industry, including reporting and insights on valuation cycles and key business considerations.
Bridgepoint Merchant Banking releases an update on the Agriculture Technology industry with industry background, financial performance, valuation trends and corporate strategy considerations. The Principals of Bridgepoint has over $104 billion in transaction experience.
Bridgepoint Merchant Banking releases an update on the trucking industry with industry background, financial performance, valuation trends and corporate strategy considerations. The Principals of Bridgepoint has over $41 billion in vehicular transaction experience
Bridgepoint Merchant Banking releases an insight on the building products industry with industry background, financial performance, valuation trends and corporate strategy considerations. The Principals of Bridgepoint has over $104 billion in transaction experience.
Bridgepoint Merchant Banking releases an update on the trucking industry with industry background, financial performance, valuation trends and corporate strategy considerations. The Principals of Bridgepoint has over $41 billion in vehicular transaction experience
STREETONOMICS: Exploring the Uncharted Territories of Informal Markets throug...sameer shah
Delve into the world of STREETONOMICS, where a team of 7 enthusiasts embarks on a journey to understand unorganized markets. By engaging with a coffee street vendor and crafting questionnaires, this project uncovers valuable insights into consumer behavior and market dynamics in informal settings."
Seminar: Gender Board Diversity through Ownership NetworksGRAPE
Seminar on gender diversity spillovers through ownership networks at FAME|GRAPE. Presenting novel research. Studies in economics and management using econometrics methods.
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
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+12349014282
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
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Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the what'sapp contact of my personal pi vendor
+12349014282
where can I find a legit pi merchant onlineDOT TECH
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+12349014282
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
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A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the what's app number of my personal pi vendor to trade with.
+12349014282
Abhay Bhutada Leads Poonawalla Fincorp To Record Low NPA And Unprecedented Gr...Vighnesh Shashtri
Under the leadership of Abhay Bhutada, Poonawalla Fincorp has achieved record-low Non-Performing Assets (NPA) and witnessed unprecedented growth. Bhutada's strategic vision and effective management have significantly enhanced the company's financial health, showcasing a robust performance in the financial sector. This achievement underscores the company's resilience and ability to thrive in a competitive market, setting a new benchmark for operational excellence in the industry.
The secret way to sell pi coins effortlessly.DOT TECH
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+12349014282
BYD SWOT Analysis and In-Depth Insights 2024.pptxmikemetalprod
Indepth analysis of the BYD 2024
BYD (Build Your Dreams) is a Chinese automaker and battery manufacturer that has snowballed over the past two decades to become a significant player in electric vehicles and global clean energy technology.
This SWOT analysis examines BYD's strengths, weaknesses, opportunities, and threats as it competes in the fast-changing automotive and energy storage industries.
Founded in 1995 and headquartered in Shenzhen, BYD started as a battery company before expanding into automobiles in the early 2000s.
Initially manufacturing gasoline-powered vehicles, BYD focused on plug-in hybrid and fully electric vehicles, leveraging its expertise in battery technology.
Today, BYD is the world’s largest electric vehicle manufacturer, delivering over 1.2 million electric cars globally. The company also produces electric buses, trucks, forklifts, and rail transit.
On the energy side, BYD is a major supplier of rechargeable batteries for cell phones, laptops, electric vehicles, and energy storage systems.
1. Midwest M&A Quarterly Update
Second Quarter 2013
bridg
e
Bridgepoint Merchant Banking is a Division of Bridgepoint Holdings, LLC. Securities offered through an unaffiliated
entity, M&A Securities Group, Inc., member FINRA/SIPC
2. Midwest M&A Quarterly Update, Q2-13
Bridgepoint Midwest M&A Index
Index Summary
The Bridgepoint Midwest M&A Index, a measure of corporate
merger and acquisition activity in the U.S. Midwest region,
decreased 22.8% in Q2-13 after decreasing 13.8% in Q1-13
On a year-over-year basis, the index decreased 27.6% from
Q2-12
The decline put the index at
91.9 (Q3-06=100), still
representing an elevated level but down from the previous alltime high of 128.5 in Q4-12
The broader U.S. deal environment also saw a similar decline, with Pitchbook.com reporting a 24.3% decline in private
equity deals across the country in Q2-13 compared to the previous quarter
Median TEV increased to $13.8mm in Q2-13 from $9.7mm in Q1-13. Median valuations (on a TEV/EBITDA basis) have
continued to grow since Q1-12, reaching a new high of 14.6x
Index Definition
Q3-06 = 100. As defined by the Bridgepoint Merchant Banking, the Bridgepoint Midwest M&A Index is assembled by summing the number of transactions (for transactions that meet the Transaction
Requirements below, as sorted by announced date) announced over the latest two quarters. Year-over-year and quarter-over-quarter percent change is calculated and then applied to the index number
for the previous applicable period.
Transaction Requirements
Buyer, target and/or seller must be located in the Midwest, and the Midwest participant must have purchased or sold majority control. Total Enterprise Value must be $10mm or greater. Midwest defined
as Iowa, Kansas, Missouri, Nebraska, North Dakota, Oklahoma, and South Dakota.
Source: Bridgepoint Merchant Banking, Capital IQ (6/30/13)
2
3. Midwest M&A Quarterly Update, Q2-13
Bridgepoint Midwest M&A Index
Commentary
After the significant run-up in and pull forward of deal closings in Q4-12, the slowdown in the first
quarter of 2013 continued to Q2-13
Key Drivers
Outlook
Despite this, corporates and sponsors are increasingly paying premium valuations for Midwest
companies
A robust financing environment is expected to drive a rebound in deal volume in the second half of
2013
While the index decelerated in Q2-13, M&A valuations are very strong and continued to grow to an
all-time high (on a TEV/EBITDA basis). The current environment represents an attractive
opportunity for Midwest companies, management teams and business owners to:
What The Index
Means For You
Take advantage of the strong capital markets environment to finance growth, acquisition or
liquidity – substantial private equity, bank financing and junior capital interest in the Midwest
and core industries provide additional optionality for companies, management teams and
business owners
Evaluate strategic options and your company value – Midwest companies are increasingly
garnering premium valuations and strong M&A interest from both corporates and sponsors
Opportunistically explore acquiring complementary assets – infrequent access to capital for
some smaller companies provides unique buying opportunities for those companies with
firepower
3
4. Midwest M&A Quarterly Update, Q2-13
Selected Midwest Q2-13 M&A Transaction Statistics
Quarterly Midwest M&A Transaction Volume
Quarterly Midwest M&A volume decreased 18.2% from
329 transactions in Q1-13 to 269 transactions in Q2-13.
On a year-over-year basis, quarterly Midwest M&A
volume decreased 1.8% from Q2-12
Midwest deal volume shows similar pullback in the latest
quarter as reflected by the index. This decrease is not
entirely unexpected due to the significant run-up of
transaction volume in the last two quarters
Quarterly Midwest M&A Median Deal Size
Of the Midwest M&A transactions with available
transaction values, quarterly median deal size increased
from $9.7mm in Q1-13 to $13.8mm in Q2-13
After recording one of the lowest median deal size in Q113, Q2-13 saw Midwest deal sizes return to the average
level of the past 4 years
Median deal size is expected to be on an upward trend
for the second half of the year as corporates and
sponsors slowly refocus attention on larger targets
4
5. Midwest M&A Quarterly Update, Q2-13
Selected Midwest Q2-13 M&A Transaction Statistics
(Continued)
Quarterly Midwest M&A Buyers and Sellers
Quarterly Midwest M&A Median Valuations
On a TEV/EBITDA basis, median Midwest M&A
valuations continued to increase to a new high, up from
13.6x in Q1-13 to 14.6x in Q2-13. On a TEV/sales basis,
median Midwest M&A valuations decreased slightly from
1.8x to 1.6x
Both Midwest buyers and targets experienced similar
declines in the latest quarter. Transactions with Midwest
buyers decreased from 143 in Q1-13 to 130 in Q2-13,
while quarterly transactions with Midwest targets
decreased from 165 to 150
The strong multiples indicate that corporates and private
equity firms are still very hungry to put substantial
firepower to work
According to Pitchbook.com, other regions across the
country experienced a similar or worse decline in private
equity investment in Q2-13
Capital markets are also supporting additional leverage
for M&A transactions and LBOs
5
6. Midwest M&A Quarterly Update, Q2-13
Selected Midwest Q2-13 M&A Transaction Statistics
(Continued)
Q2-13 Midwest M&A Transaction Volume by Sector
Core industries (including Industrials,
Materials and Consumer) accounted for
33% of total Midwest M&A transaction
volume in Q2-13, an 11% decrease from
Q1-13
The Energy sector deal share saw the
biggest increase in Q2-13, up 9% from
Q1-13. The Financials sector saw a share
increase of 3% while Telecomm/Utilities
and Info Tech saw a 2% and 1% drop,
respectively
6
7. Midwest M&A Quarterly Update, Q2-13
Selected Midwest Q2-13 M&A Transactions(a)
Buyer
Target
Announced
06/28/2013
06/27/2013
06/27/2013
06/25/2013
06/21/2013
06/17/2013
06/17/2013
06/12/2013
06/06/2013
06/05/2013
06/03/2013
06/03/2013
05/31/2013
05/30/2013
05/29/2013
05/19/2013
05/17/2013
05/16/2013
05/15/2013
05/09/2013
05/08/2013
05/06/2013
05/03/2013
05/02/2013
05/01/2013
05/01/2013
05/01/2013
04/29/2013
04/19/2013
04/19/2013
04/16/2013
04/16/2013
04/15/2013
04/09/2013
04/08/2013
04/01/2013
Target
Austen Group, LLC
Canyon Engineering Products, Inc.
Hartford Life International, Ltd.
Palisade System s, Inc.
Ozarks Legacy Com m unity Financial, Inc.
Solutionary, Inc.
Mid Am erica Brick & Structural Clay Products
L.L.C.
Morrill Bancshares, Inc.
Western Tool Supply
Internet Solver, Inc.
Liberty Resources LLC, Additional Assets in
Williston Basin
Choice Ethanol Holdings, LLC
Funkw erk Information Technologies York Ltd
Life Uniform Com pany, Inc.
NV Energy, Inc.
Sim onsen Iron Works, Inc.
Clear Task, Inc.
Marex Group, Inc.
Sum m it Bancshares Inc.
Calcium Products, Inc.
Surge Energy USA Inc.
Crestw ood Midstream Partners LP
Soy Energy, LLC, Biodiesel Plant In Mason City
TriTek Solutions, Inc.
Energy Manufacturing Com pany, Inc.
Merit Resources, Inc.
Mid-Am erica Midstream Gas Services, L.L.C.
Bartnet Wireless Internet, Inc.
Broadw ind Energy, Inc., Tow er Manufacturing
Plant in Brandon, South Dakota
AGC Incorporated
Dom inex Natural Foods, LLC
TEAK Midstream, L.L.C.
AxelaCare Health Solutions, LLC.
Palm er Mfg. and Tank Inc.
250 Megaw att w ind farm in Kansas
Pension Plan Services, Inc.
Location
Buyer
Target
TEV
Location
Sector
($m m )
CO
CA
CT
IA
MO
NE
MO
RuffaloCODY, LLC
ESCO Technologies Inc.
Colum bia Insurance Com pany
Absolute Softw are Corporation
Southern Missouri Bancorp, Inc.
Nippon Telegraph and Telephone Corporation
Sham rock Proppants, LLC
IA
MO
NE
Canada
MO
Japan
MO
Industrials
Industrials
Financials
Info Tech
Financials
Info Tech
Materials
$285.0
9.9
5.2
KS
OR
IA
ND
Heartland Financial USA, Inc.
Carlson System s Holdings, Inc.
Alliance Technologies, Inc.
Kodiak Oil & Gas (USA) Inc.
IA
NE
IA
CO
Financials
Industrials
Info Tech
Energy
61.5
660.0
ND
England
MO
NV
IA
CA
NE
OK
IA
Canada
TX
IA
VA
IA
IA
OK
OK
SD
Green Plains Renew able Energy, Inc.
Trapeze Softw are, Inc.
Scrubs & Beyond, LLC
MidAm erican Energy Holdings Com pany
Thurston Manufacturing Com pany
Perficient Inc.
Upland Softw are, Inc.
CBI-Kansas, Inc.
First Capital Partners, LLC
Corinthian Exploration (USA) Corp.
Inergy Midstream , L.P.
Renew able Energy Group, Inc.
Perficient Inc.
Ligon Industries, LLC
Iow a Netw ork Services, Inc.
Sem Gas, L.P.
Totah Com m unications, Inc.
Marmen, Inc.
NE
IA
MO
IA
NE
MO
TX
MO
NE
ND
MO
IA
MO
AL
IA
OK
OK
Canada
Energy
Info Tech
Consumer
Energy
Industrials
Info Tech
Info Tech
Financials
Materials
Energy
Energy
Energy
Info Tech
Industrials
Industrials
Energy
Telecomm
Industrials
15.0
22.6
10,674.0
11.6
40.6
42.8
1,854.5
16.6
18.5
300.0
11.8
CT
NE
TX
KS
KS
KS
IA
Harlow Aerostructures LLC
Westin, Inc.
Atlas Pipeline Mid-Continent Holdings, LLC
Harvest Partners, LP
Worthington Industries, Inc.
GE Energy Financial Services
Qualified Plan Consultants, LLC
KS
NE
OK
NY
OH
CT
IA
Industrials
Consumer
Energy
Healthcare
Industrials
Energy
Financials
5.7
1,000.0
113.5
40.0
-
(a) Bold companies are located in the Midwest. Midwest defined as Iowa, Kansas, Missouri, Nebraska, North Dakota, Oklahoma and South Dakota. Either buyer, target,
or seller must be located in the Midwest, and the Midwest participant must have purchased or sold majority control.
Source: Capital IQ (3/31/13), Bridgepoint Merchant Banking
7
8. Midwest M&A Quarterly Update, Q2-13
About Bridgepoint Merchant Banking
Bridgepoint Merchant Banking Overview
Bridgepoint Merchant Banking, a Division of Bridgepoint Holdings, LLC, is a lower and middle market investment
banking and private equity firm that serves clients over their corporate lifecycles by providing merger and acquisition
and corporate finance advisory services.
Bridgepoint Merchant Banking professionals have completed more than $104 billion of merger and acquisition and
capital raising transactions across a wide range of industries over their 35+ years of cumulative investment banking
industry experience. Bridgepoint Merchant Banking also invests and manages capital directly into operating companies
through its private equity and venture capital funds.
When considering a sale of your business, the acquisition of a business, and/or raising capital for a business or
transaction, the Managing Principals of Bridgepoint Merchant Banking, through our broker dealer relationship, can help
you to achieve your goals by structuring and executing a well-run, highly organized process. Our specialized expertise
helps our clients achieve better value, identify better transaction partners, reach smarter decisions, and negotiate more
favorable outcomes. Please reach out to us at the contact information above to discuss how we can help you to achieve
your personal and business goals.
Selected Bridgepoint Merchant Banking Transactions
The list contained herein represents selected transactions completed by Bridgepoint Managing Principals while associated with Bridgepoint
Merchant Banking, as well as securities transactions on which they advised in their capacity as investment bankers registered with various brokerdealers.
8
9. Midwest M&A Quarterly Update, Q2-13
Contact Information
Senior Advisors
Matt Plooster
Managing Principal
Lincoln, NE
402.817.7900
Joe Liss
Managing Principal
Des Moines, IA
515.325.7616
Adam Claypool
Managing Principal
Des Moines, IA
515.325.7615
Nebraska Office
Iowa Office
816 P Street
Suite 200
Lincoln, NE 68508
601 E Locust Street
Suite 104
Des Moines, IA 50309
This update is for informational use only. Information contained in this update is based on data obtained from sources believed to be reliable.
Nothing in this publication is intended as investment advice. Use of any of the included proprietary information for any purpose without the written
permission of Bridgepoint Merchant Banking is prohibited.
9