We look into why all business owners need to know what their companies are worth, timing your [Read more…]with the market, a great source for growth capital, and more. Click on the headline for the full piece.
Today’s M&A Digest explains why a common saying rings true when selling a business and explores how FleetPride grew as part of a platform company strategy. [Read more…]
Today’s digest covers the industry focus of private equity firms, three questions you need to answer to ensure your business is [Read more…], and how equity firms use platform strategies to grow businesses. Click on the headlines for the full articles.
It was recently announced that Summit Materials had acquired six companies:
- Elam Construction
- Grand Junction Concrete Pipe
- Fischer Quarries
- B&B Resources
- Triple C Concrete
- Wind River Materials
It always peaks my curiosity when I see a company announce this many The Blackstone Group and Silverhawk Capital Partners, in 2009. The goal of the platform company is to acquire companies in the “aggregates and heavy-side building materials sector,” according to Summit’s release.. So I did a little digging. Turns out that Summit Materials is a “platform company” and was formed by a group of investors, including
Last week Riverside Company, a Cleveland-based private equity firm, announced that it had acquired Alliance1, a freight hauling company based in Nashville, Tennessee, to add to an existing platform company called Express Courier, also based in central Tennessee. Both companies manage time-sensitive deliveries throughout the southeastern U.S. Although, as we have seen before, the details of this transaction were not released, the strategic thinking behind the deal is fairly clear based on the press release and company websites.
Because we have to ask ourselves, if the [Read more…]is growing so slowly, why would an equity firm continue to expand its holdings in the transportation industry? Maybe, just maybe, Riverside has a much better view of the longer-term growth of this country than the media does.