Hibernation in preparation for great things to come in 2023

Drought, fire and flood on this NorCal stretch of 101 near Klamath all seemed to apply for the financing and M&A action last year. Now with it halftime for hibernation season and the new year off to a tepid start as Mother Nature continues to have her way with us, ongoing swings in the capital markets leave us clamoring for ballast. 

Middle market companies will fare well this year despite soft pockets in the economy, enduring cost  pressures on operations and hiked interest rates. Owners of independent private companies will have good options for financing growth and strategic transactions on both the buy-side and sell-side.

Headlines with volume stats belie the silent strength of the middle market. The presence or absence of a handful of mega-deals skews overall results (M&A nosedive in back end of 2022; no IPOs; pullback on valuations) but don’t tell the story of 100s or 1,000s of family-owned and growing independent private companies which scored big during the same period.

Owners will benefit from using this time to lay plans to make it a great year. See you down the road.