It’s time for the M&A Weekly Digest. This week: U.S. job postings were up in July, reaching the highest numbers in three years; an introduction to an under-publicized program that could result in buyers for business owners; the four key steps to selling a business; and a look at a private equity firm that focuses on thein the Midwest.
According to recently released Labor Department data, U.S. businesses increased their job postings to 3.23 million in July, an increase of 2% over June’s total of 3.17 million. This is the largest number of job openings posted since August of 2008.
Carl Doerksen explores a program that business owners should be aware of when it comes time to sell a business.
“Essentially this little known and under-publicized program encourages would-be immigrants to invest their way into the U.S. The way the programs works: Individuals who invest a minimum of $500,000 in a U.S. enterprise and then create at least 10 jobs in a rural area or a community with a high unemployment rate are eligible for special visas that put them and their families on the fast track to becoming permanent residents. Once approved for the program, the investor can apply for a conditional green card, good for two years. If the investment creates 10 jobs during that time, he or she can apply to live in the U.S. permanently.”
The four key steps in a nutshell: deciding to sell, documenting value, thinking about the after-life and building abusiness. For more detail about each step, click through for the article.
“Recently Great Range Capital (GRC), a Kansas City-based private equity firm, announced that it had acquired LLL Transport, a Brookfield, Mo.-based specialty transport company. Unfortunately no financial terms were disclosed…once again we have an equity firm making an investment in an industry that many would consider taboo right now—transportation…But professional buyers are looking for great companies, not great industries.”
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