Outlook for M&A Deal Volumes and Valuations in 2012

January 5, 2012 - Outlook for M&A Deal Volumes and Valuations in 2012. We consider deal volumes, valuations, leverage multiples, as well as demand from strategic buyers and financial buyers. Tulsa Business Journal Feature Article by ClearRidge.

SBS Industries, Inc. of Tulsa, OK acquired by Gladstone Investment Corporation (Nasdaq: GAIN).

September 1, 2011. Gladstone Investment Corporation (Nasdaq: GAIN) announced the acquisition of SBS Industries, Inc. of Tulsa, Oklahoma. SBS Industries was advised by ClearRidge , an Oklahoma investment banking firm. SBS Industries founded in 1975 and headquartered in Tulsa, Oklahoma, is a manufacturer and value-added distributor of specialty fasteners and threaded screw products.

Lending for Business – Debt Ceiling Concerns?

In April and May, commercial and industrial lending was strong, companies were opening up new revolvers and refinancing at reduced rates. Banks were allowing extended maturities and were eager to put money to work; so much so, that some banks were loosening lending standards to offer favorable terms to those with less than strong credits.

Implications of Earnouts when you sell your business – Tax Focus

First, a couple of thoughts on earnouts when you sell your business. While an earnouts is often seen as a mechanism to defer payment of the purchase price; if used correctly, it should in fact be consideration to the seller of a company over and above full cash paid at closing. Earnouts should not be considered part of the purchase price if/until they materialize and are paid to the seller, but why not set additional opportunities to increase the purchase price paid, over and above the full cash price paid? If “x” is the maximum that a buyer will pay for a company in cash at closing, it is still possible to negotiate “x” at closing, plus an additional 25-50% or more after closing. As with most things in life and business, it is not the tool that is at fault, it is the way that it can be misused and misunderstood.

CRTS, Inc. of Tulsa, OK acquired by Insituform Technologies, Inc. (Nasdaq: INSU).

July 5, 2011. Insituform Technologies, Inc. (Nasdaq: INSU) announced the acquisition of CRTS, Inc. of Tulsa, Oklahoma. Bruce Jones and Matthew Bristow of ClearRidge were CRTS' advisor throughout the M&A sale process. CRTS, Inc., is a leader in pipeline coating services based in Tulsa, Oklahoma.

How would high inflation affect Oklahoma businesses?

Well, this may seem a strange day to write about inflation – I just read this morning that fixed-rate mortgage rates have dropped this week to the lowest level this year, with a 15-year available at 3.75%. However, it doesn’t do much good to dwell on the past or present – we should always be considering other scenarios in the future to stay ahead of the competition.

When should you sign a Letter of Intent – Business Buyer vs. Business Seller?

One purpose of a LOI is to document a mutual agreement between the buyer and seller on the major points of the purchase and sale of a business. With this in mind, a LOI is often signed much too early in the process. There is an understandable eagerness if you are selling a business to receive a Letter of Intent from a prospective buyer as early as possible. In some cases, business owners are even advised that they should request a LOI in order to learn price and terms from the prospective buyer.

Positive M&A trend gaining momentum for midsized private companies

April 25, 2011. The positive start for Oklahoma and Midwest mergers and acquisitions activity in 2011 is gaining strength and momentum. Higher prices, cash at closing, more deals getting done. Click "More" below to read this article.

Consolidation in Oklahoma Community and Regional Banks?

April 11, 2011. We are going to consider the reasons behind the likely reduction in number of banks in Oklahoma and some of the implications. Is there anything that can be done to preserve more small, regional banks or is this change inevitable?

Consolidation in Oklahoma’s Community and Regional Banks?

If Oklahoma follows the national trend, there is likely to be consolidation in Oklahoma’s regional and community banks. At the same time, we would expect some of Oklahoma’s banks to double or triple in size in the coming years. We’re going to consider the reasons behind this and some of the implications.
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