Majority of Construction ESOPs Not Significantly Impacted by COVID-19
Prairie Capital Advisors, Inc. (“Prairie”), a leading middle-market investment bank, recently released its ESOP Construction Industry Survey. Prairie works with owners of private construction businesses across the country, providing advisory services to support their growth and ownership transition strategies. Many of its clients in the construction industry have decided on an ESOP as part of…
Cash Flows Versus Profitability
Every business owner knows that cash is king. For a business to be successful, it must have good cash flow. However, for a business to be valuable, it must also be predictably profitable. And as we’ll see, these are not always the same thing. As an example, I recently worked with a business owner, who…
Cherry Bekaert Expands Credits & Incentives Resources and Capabilities with Acquisition of the Tax Advantage Group
Cherry Bekaert LLP (“the firm”) announced the acquisition of the Tax Advantage Group (“TAG”), a specialized consulting firm that provides New Markets Tax Credit (“NMTC”) services to clients across the country. Based in Greenville, SC. TAG will now operate as Tax Advantage Group by Cherry Bekaert, and will bring six experienced professionals to Cherry Bekaert’s Credits…
Improving the Budget Process for Your Business
Budgeting may be considered a great equalizer among businesses of all types: at the end of the fiscal year, we all measure and analyze the previous year, as well as plan accurately for the next year with goals aligned to a strategic plan. However, the process leaves many businesses frustrated as they struggle with what…
Business Owners View 401(k)s as Advantageous, Yet Struggle to Communicate Benefits to Employees
It won’t come as a surprise that business owners view 401(k)s as advantageous both for their business and their employees. Yet, despite business owners seeing the advantages of 401(k)s, a gap exists in understanding how to effectively communicate 401(k) benefits to employees, according to a new survey from Nationwide. And with the Bureau of Labor…
Recession Unlikely in First Half of 2020, Says Mellon Investment Strategist
The Fed is likely to cut interest rates twice more in 2019, the 2020 presidential election will have little to no effect on a booming economy, and the answer to the question everyone wants to know about the likelihood of a recession in the coming months is a resounding no. The mostly rosy economic forecast laid out…
James M. Holmes Joins FMI Capital Advisors
James M. Holmes has joined FMI Capital Advisors as a Managing Director and Head of the Chemicals Group. He is based in FMI’s Denver, Colorado office. For more than 12 years, James has served mid-market chemicals companies by structuring and executing sell-side and buy-side M&A, capital markets, and other investment banking transactions. He has deep…
FMI’s Alex Miller Awarded 2019 Emerging Leader by The M&A Advisor
FMI Capital advisors, a subsidiary of FMI Corporation, is pleased to announce that Alex Miller, Managing Director, was recently awarded the 2019 Emerging Leader by The M&A Advisor. The M&A Advisor, renowned globally for its recognition of leading M&A, financing and turnaround professionals, created this award to promote mentorship and professional development amongst emerging business leaders….
Palmetto, a Charleston, SC-based Clean Energy Tech Company, Raises $6 Million in Funding
Palmetto, a clean technology company focused on the distribution and democratization of clean energy products, announced today that it has raised $6 million. The round was led by Greycroft, with participation from Lerer Hippeau, Box Group, and NBA commissioner emeritus David Stern. Palmetto harnesses its expertise in software, fulfillment, and financial solutions to streamline the…
Al Johnson: Still Motivated after 60 Years in the Surety Business
After 60 years in the surety business, Al Johnson has no plans for a traditional retirement. In fact, the 87-year-old continues to service a handful of longtime clients and looks forward to going into the office several days per week. For the past 25 years, Johnson has been associated with McGriff Insurance Services (formerly BB&T Boyle…
