Kasper & Associates Market Update

 

I’d be remiss if I didn’t start this update by announcing Ed & Janet Kasper’s 50^th Anniversary today!  Please see the announcement here.  Congratulations, Mom & Dad!

Speaking of celebrations, we’re happy to announce another successful K&A transaction.  Click here for the press release announcing the sale of Cronin Masonry Supply.

As with Cronin, we’re seeing several transactions involved in the construction industry.  Whether it is companies directly involved in construction projects or suppliers to that sector, there appears to be significant divestiture and acquisition activity in that industry.  For K&A the Cronin project was characteristic of two other themes we’re seeing in our marketplace:

1. Strategic buyers are the most active and aggressive prospects.  This includes companies that are either competitors or in a related industry seeking to grow through acquisition.  While private equity groups are well-funded and eagerly seeking new investments, their criteria is much narrower and prevents them from making acceptable offers in many situations.
2. The Walsh Ranch Master Planned Development in West Fort Worth (www.walshranch.com) is providing significant growth opportunities for construction-related companies, and has made companies that operate in that area highly attractive for acquisition.  This was the case for Cronin and is also the case for another current K&A client, a Sand & Gravel Operation with locations in that territory (contact K&A for more information on that opportunity).

As always, the M&A specialists at Kasper & Associates are happy to visit with you or your clients to discuss current market conditions and help determine if now is the right time to sell.  We welcome your questions and comments.

Best wishes for continued success,

Layne Kasper, Managing Partner