Acquire’s Post

JUST IN CASE YOU MISSED IT ⬇️ 🚀 Well, we're hoping you didn't. After all, our CEO Ade basically broke the internet with his post. But just in case you did miss it, here it is again. Last week, we announced that we've nailed another massive deal. It’s a truly pivotal moment for all of us. CP has now exchanged on a deal that will see us acquire Haines Watts London and its associated audit and advisory businesses across the Southeast and the Midlands. 💥 As stories go, this is a hum-dinging belter. It’s a tale of rebellion, entrepreneurial spirit and commercial chutzpah. It’s also one that’s going to run. And run. And run. If you haven't already, you can take a read of what this means for you, our clients, our people and our community; and quite frankly. the whole mid-market sector, here: https://bit.ly/3PrPv8K 👈 #News #FlashbackFriday #FridayFeeling #Acquisitions

🚀 Interview: Learn from the minds behind Novastone Capital Advisors!   Dive into the exclusive interview with Christian Malek and Daniel Gärtner, the dynamic duo serving as CEO & Managing Partners of NCA. Discover the fascinating journey behind the inception of NCA and their groundbreaking approach to tackling succession challenges in family-owned businesses.   🌟 Unveiling the Genesis: Explore the personal journey that ignited Christian's mission to revolutionize succession planning. Inspired by his family's struggles after his grandfather's passing, Christian embarked on a mission to empower family-owned businesses for a seamless transition.   🔍 NCA's Signature Program: Delve into the core of NCA's program designed to connect business owners with passionate acquirers dedicated to preserving and expanding their legacy. From providing access to capital to offering comprehensive support throughout the acquisition process, NCA ensures a seamless transition for all stakeholders involved.   🎯 Targeting Success: Learn about NCA's focus on SMEs with an enterprise value ranging from €10M to €50M, and their strategic approach to structuring acquisitions for long-term success. With a diverse team of over 40 professionals, NCA is committed to mitigating risks and maximizing opportunities for both buyers and sellers.   💼 Joining Forces: Explore NCA's strategic partnerships, including the recent collaboration with Fidel García-Guzmán García and Pablo Penichet who have launched the Iberia NCA NF Fund. These partnerships signify NCA's commitment to expanding its reach and ensuring the success of future acquisitions.   🚀 Future Outlook: Get a glimpse into NCA's ambitious plans for the future, including attracting top talent, closing a substantial number of acquisitions annually, and maintaining a stellar success rate. With a focus on empowering talented managers and driving long-term success, NCA is poised to reshape the landscape of succession planning.   Don't miss out on this captivating interview with the visionaries behind NCA. Read the full interview, and join us on our journey to redefine the future of succession planning! #EntrepreneurshipThroughAcquisitions #EtA #SearchFund #SearchFunds #BusinessAcquisitions #SmallBusinessAcquisition #SearchFundsNews #SuccessionPlanning #Entrepreneurship #FutureLeadership

It has been one week since the FTC issued a rule banning virtually all employee non-compete agreements (although not those relating to the sale of a business). The FTC’s rule is slated to go into effect in early September. It is already being challenged by three separate lawsuits, including one by the U.S. Chamber of Commerce. Where do you stand? Are non-competes an illegitimate constraint on the U.S. labor market, or necessary to protect valid business interests? #ETA #SMB #entrepreneurship #acquisitions

Mark Sotir’s first big moves after the death of his boss, Sam Zell, were to buy a Houston building-crane dealer and a Mexican tuna rancher. It’s likely those two businesses will only be mentioned in the same breath when reciting the roster of the 19 portfolio companies owned by Equity Group Investments, the private equity firm that Zell founded in 1968 and Sotir now runs. EGI’s portfolio also includes a hospital chain, a John Deere dealership group, trucking and logistics businesses and a fracker. Since Sotir and Zell started working together in 2006, they’ve satisfied their wide-ranging curiosity by investing in a potpourri of industries. It’s part of what makes EGI different from other buyout firms. Sotir says Zell worked out the details of a succession plan years ago. It keeps in place an approach more similar to Warren Buffett’s than to the Wall Street barbarians who buy companies with borrowed money, install their own people as leaders and cash out within a few years. EGI prefers that the management of the companies it buys remain in place and keeps its companies for the long haul, sometimes decades. And Sotir loathes leverage – the mother’s milk of private equity – just as Zell did. Read more: https://trib.al/68x1gmZ

Let’s get a deal closed!! Today’s #PayitForwardFriday brings a bevy of brainiacs from the Finance world – each with a different deal dynamic. Brennan Anderson, MBA took some time off from his modeling world tour, to show us all how to stripe it down the middle from each and every tee. Hexagon Capital Alliance LLC has to be pretty happy with their VP of Mergers and Acquisitions. He can source the right targets for his #Clients to acquire – and then just as expertly recommend the perfect The Duckhorn Portfolio wine for the closing dinner. Kevin Chang gave up some time from negotiating net lease investment sales around the country – so he could let me know he’s also better at golf than me. I’ve tried to explain that is NOT exactly a particularly exclusive club… Kevin is finishing up a nice run with JLL and is making the move and taking his talents to Lee & Associates Commercial Real Estate Services to continue knocking it out of the park. Thomas (Tom) Sherlock is the gentleman and scholar of our group. Seriously – when not serving as the Talonvest Capital, Inc. founder and leading expert in Commercial Real Estate Finance (I wanted to say “Advisor to the Stars – but Tom would not let me) – he’s giving back by teaching MBA RE classes at the University of California, Irvine - The Paul Merage School of Business.  I’ve been fortunate enough to be invited as a guest speaker on #acquisitions and how #duediligence applies the last few years. Seeing Tom in action is a true treat – that’s the scholar part. The “gentlemen” part was playing golf at my scorecard level! If I am being honest, I can’t think of a better weekend to post one of these on. #GoodFriday and #Easter to me – are the “reasons for the season” so to speak. We all have birthdays – but without the events of the next few days – Jesus was just another carpenter heretic. If you believe - His resurrection not only inspired an entire religion – it inspires me that my own personal growth and rebirth are well within his abilities to guide. If you are not a Christian – that’s ok too – the love is for everyone and whatever “faith/opiate for the masses” you may choose. Have a great weekend in whatever you celebrate!! #FQFAdvisors #GodisGood #Networking

New Post: Savant Enters Florida Market With Deal To Acquire FirstWave - 
 Savant Capital Management, the $25 billion AUM giant RIA from Rockford, Ill., rang in the new year by announcing it had opened its first office in Florida after its deal to acquire FirstWave Financial, an RIA in Satellite Beach with $440 million in assets. The deal closed on the last day of 2023, said Savant in a statement. The terms were not disclosed.
 
 FirstWave is led by Laura Chiesman, who oversees 14 employees, according to the announcement by Savant. Chiesman is co-author of a tract on business transitions called It’s A Journey: The Must-Have Roadmap to Successful Succession Planning, and she added in Savant’s press materials that FirstWave itself was sold for succession planning reasons.
 
 “To continue to serve our clients and team well into the future at the high level we are committed to, we knew we would need a growth engine that not only offers comprehensive services, such as tax and estate planning, but that also has the important technology resources necessary to compete effectively,” she said in a press release.” 
 Savant said that besides Chiesman, three other FirstWave’s executives will become member owners at Savant, including FirstWave’s vice president of business operations, Julie Allen; its vice president of client operations, Robert DeVries; and retirement plan specialist Jamie Ostrander. 
 Savant said it closed 11 partnerships last year and opened offices in six states. Its CEO, Brent Brodeski, said the move into Florida was strategic, “since many of our clients spend their winters there.” Savant now boasts 39 offices in 15 states. 
 Savant’s previous acquisitions included deals that closed at the end of November. That month, the firm said it had acquired Bridgeworth Wealth Management, a $2.2 billion AUM Alabama firm. The firm also acquired tax and accounting firm Peay & Associates in Clinton, S.C., as well as its associated RIA firm, SwaimBrown Wealth Management, which had $146 million in AUM. #Savant #Enters #Florida #Market #Deal #Acquire #FirstWavehttps://lnkd.in/dveKtZmh

Staying focused is how to succeed in business and life. The old saying “Keep your eye on the prize” says it all. Having a goal to reach is paramount to staying focused. There is no better feeling than knowing you have reached a set goal. Nate and Emil have shown they are not only focused at work, but bring their laser-beamed focus to Acquire Team Events. #focus #goals #eyeontheprize #teambonding #teambuilding #businesssuccess #tipsforsuccess #goals #acquire #companyculture

Exciting News! Recently released: Dive into the insightful interview with Christian Malek and Daniel Gärtner, CEO & Managing Partner of Novastone Capital Advisors. Learn about their journey and the mission behind NCA's premier ETA program, covering European and North American markets. Discover the story behind the inception of Novastone Capital Advisors, and our unique approach to addressing succession challenges, as well as our commitment to empowering talented leaders. Thank you Search Funds News for this opportunity to discuss our mission and innovative process in and around Search Funds! #SuccessionPlanning #ETAProgram #Acquisitions #BusinessSuccession #NovastoneCapitalAdvisors #NCAETA

Control Alt Delete Between Glasgow and Motherwell and “error” message started to bleep in the cab of the train I was on. I know this because we ground to a halt and the train manager told us that the online engineer had told the driver to “turn everything off and switch it on again”. Thus the Glasgow to London express went dark! The entire train went black, everything was off, the passengers laughed and then it came back to life and off we went. Happened again at Carlisle but quicker second time around. So it got me thinking about the time honoured IT support desk advice “turn it off and on again”. Have you ever thought about your business (or life in that way)? What if we could hit a reset button? When you established your business what your dreams for its growth? Where did you expect to be by now? If organic growth is giving you everything you dreamed of that’s fantastic – but could you do more? But if you’re not where you hoped to be the SINGLE fastest way to grow is acquiring other businesses (that’s assuming your core business is ok – acquisitions are NOT a sticking plaster!). So if the idea of a business reset appeals, come and spend time with me, my team, clients and friends at our new M&A Networking events in January and February and our very special Masterclass, also in February. Links in the comments. #acquisitions #businessgrowth #buyabusiness #networkingevents

New Post: Calif. Giant Lido Advisors Acquires Boston’s Claybrook - 
 Los Angeles firm Lido Advisors said today that it is expanding its reach into New England with the acquisition of Claybrook Capital, a Boston RIA founded in 2017.
 
 According to its last filing, Claybrook had almost $296 million in assets under management, almost all of that from 14 high-net-worth clients (it has 18 other clients besides).
 
 Claybrook was launched six years ago by Jerry Nigro, a veteran of UBS, Robertson Stephens and Goldman Sachs who has been in the business almost three decades as an advisor. He’s joined at Lido by Virginia Aaron, a fellow alum of UBS and Robertson Stephens. 
 In a press release announcing the acquisition, Lido said Claybrook has deep roots with New England families; that makes it a good fit with Lido, a Los Angeles powerhouse with roots in a family office that started incubating in 1999 under chairman Greg Kushner. The firm was known for its savvy real estate investing efforts. 
 "We have long felt that clients in the New England region would benefit from our range of family office services and holistic approach to wealth management, but we wanted to make sure that we found the right partners to realize that goal," said Jason Ozur, Lido's CEO. "The culture at Claybrook meshes seamlessly with our own and we could not be more excited to have Jerry and Ginny join our team as we expand Lido's footprint in this important region." 
 After 20 years in the business, Lido launched a massive acquisition campaign about four years ago. Just six months ago, the firm said it had some $14.8 billion in assets and in its most recent press release said that it now has $18.9 billion and 28 offices in the U.S. Earlier this year, it was one of the firms that benefited from the implosion of First Republic Bank, taking on a San Diego team from the bank with $1 billion in assets under management. 
   #Calif #Giant #Lido #Advisors #Acquires #Bostons #Claybrookhttps://lnkd.in/dcnsqgwm