BGL’s Head of Industrials, Andrew Petryk, has contributed an article to the 2020 Association for Corporate Growth (ACG) Special Section of Crain’s Cleveland. This article, “Trends in Valuation,” discusses a review of M&A activity in 2019, as well as an outlook for 2020.
- “A strong sellers’ market persisted in 2019 with valuation multiples rising to peak levels. Competition for high-quality deals has intensified, not only from growth-seeking buyers but also from lenders in search of loans. This near frenzy has fueled purchase price multiple expansion, underpinned by deal scarcity and supportive leverage in a robust lending market.”
- “Uncertainty clouds visibility looking ahead to 2020. The economy and Presidential election are front of mind here at home, while global headline risks such as tariffs and global trade continue to take center stage, all having the potential to impede the capital markets in the form of higher volatility and reduced liquidity.”