Homrich Berg’s Post

Atlanta-based Homrich Berg is acquiring WMS Partners, a $6.4 billion multi-family office and RIA in Maryland. This will boost the firm’s total assets under management above $24 billion.

Read the 6 key lessons Jeff Lowrance learned from the acquisition of this 74,000+ SF office building here: https://lnkd.in/g7E-XcWf

Here’s your daily round-up of the latest news and views from EG. 💷 Don’t expect any let up in GPE’s dealmaking. Announcing interim results this morning, chief executive Toby Courtauld said the company had steered through “challenging political and economic conditions and fluctuating sector sentiment over the first half” and is keen to keep on the acquisition trail. “With a circa £1bn pipeline of potential purchases under review, we expect to transact further in the second half, supplementing our exceptional on-site and near-term development programme, which already covers 1.2m sq ft and will generate significant surpluses,” Courtauld said. 🎂 Listed peer Derwent London is celebrating 40 years in business and chief executive Paul Williams has been reflecting on the “amazing journey” of building its portfolio across the capital, as well as thinking about what the next 40 years could hold. Some things won’t change, he predicts. “In 40 years’ time, people will still want to congregate, to be together,” he says. “We see more and more people want to be together, to collaborate, to learn from each other, to be part of whatever they’re going to do.” 🏡 The government’s Office for Place is to be closed down and redeployed within the Ministry of Housing, Communities and Local Government. The department was launched in 2021, originally as part of the MHCLG, as a specialist public body to work alongside government, local government, the property industry and communities to understand and promote best practices. Its aim was to help create places that were not only attractive but sustainable, popular and healthy. Housing minister Matthew Pennycook said: “In taking the decision to wind up the Office for Place, the government is not downgrading the importance of good design and placemaking, or the role of design coding in improving the quality of development. “Rather, by drawing expertise and responsibility back into MHCLG, I want the pursuit of good design and placemaking to be a fully integrated consideration as the government reforms the planning system, rolls out digital local plans and provides support to local authorities and strategic planning authorities." 🗞 There’s also news on Palace Capital plc’s upcoming disposals; a secondary stock listing for Assura plc; London’s next embassy move and more. https://lnkd.in/es8h2fif

September has been an excellent dealmaking month in Yorkshire and the North East 👇 • Prominent Newcastle-based corporate finance firm Williams Ali CF Limited was acquired by FRP Advisory Group in what is the company’s 11th acquisition since its IPO in 2020. • North-East-based holiday home management company Host & Stay secured a £10.5m investment from Growth Partner and acquired two businesses totalling 250 new properties and expanding Host & Stay’s regional footprint, part of its continuing buy-and-build strategy. • Leeds-based cybersecurity company with 1,200+ clients Pentest People was acquired by GRC Group in what is the company’s second acquisition in the cybersecurity market this year. • Teesside-based cybersecurity and network infrastructure company Communicate acquired Yorkshire-based York Data Services in a deal that will allow Communicate to enhance its service capabilities and offer a wider range of IT support and cyber security services to York Data Services' existing customer base. • Newcastle-based fire, security, and electrical compliance services provider ABCA Systems Group acquired three Northwest businesses in a deal that will add £10m+ combined annualised revenues to the business. • Growth capital investor BGF exited its partnership with Springfield Healthcare Group with a sale of six care villages. BGF provided £31m of growth capital to support the creation of new care homes and 700 jobs in the York region during its investment period. • Yorkshire-based floor coverings company National Floorcoverings Group was acquired by Nimbus after being under family ownership for 60+ years. • Jump Inc, a trampoline and indoor children’s leisure park operator, was acquired by AirHop. AirHop will be taking on one of the largest independent trampoline park operators in the UK, comprising of eight sites across the UK. • Leeds-based specialist family law firm servicing 5,000 clients a year from 90 locations, Stowe Family Law, was acquired by investment firm Investcorp. — — — — — — — I will be posting a breakdown of the most prominent deals in Yorkshire and the North East monthly. Lots of deals targeting completion in October given the Autumn budget at the end of the month! #MergersAndAcquisitions #Yorkshire #NorthEast #September

WHSmith is considering selling its 500-store high street business as it shifts focus to its thriving global travel operations. PE firms Hilco Global and Alteri Investors, both experienced in retail turnarounds, have expressed interest in acquiring the division. This move could affect approximately 5,000 employees and raises questions about the future of the high street estate. Shares in WH Smith rose after the announcement, reflecting investor optimism over a potential cash windfall from the deal. Read more: https://lnkd.in/d3r2bGJd #PEInsights #privateequity #acquisition #retail

Homrich Berg, an Atlanta-based wealth advisor, has acquired WMS Partners, a $6.4 billion Towson, MD-based multi-family office and registered investment advisor, which will become part of HB Family Office. Financial terms of the deal, which is expected to close early in the first quarter of 2025, were not revealed. Thomas Carroll, CFP® #latestnews #directinvestment  

Earlier this month, #HomeDepot announced their acquisition of private equity-owned #SRSDistribution, in a deal value of $18.25 Billion. Home Depot has built up its complex pro-business, where contractors work on large projects that purchase the bulk of their supplies through wholesale or specialty distributors. The strategic shift comes as Home Depot faces declining sales in its core retail business. Last year, Home Depot also purchased Construction Resources, a distributor and retailer of stone and porcelain tiles, from another PE firm. As Home Depot continues to compete with #Lowes, turning to acquiring private equity owned pro-business is a strategy that could help generate stronger value post-acquisition. Private equity firms typically excel at putting strong, highly motivated executive teams together and excel at identifying the one or two critical strategic levers that drive improved performance. Good private equity firms are renowned for excellent financial controls and a relentless focus on enhancing the performance basics: revenue, operating margins, and cash flow. Plus, a governance structure that cuts out a layer of management—private equity partners play the role of both corporate management and the corporate board of directors—allows them to make big decisions fast. Over many acquisitions, private equity firms build their experience with turnarounds and hone their techniques for improving revenues and margins. A public company like Home Depot, needs to assess whether it has a similar track record and skills and, if so, whether key managers can take on new transformation challenges. Quaestor Consulting Group ("QCG") is a premier transformation, restructuring, and business advisory firm that maximizes value creation by offering clients in businesses and real estate invested in or owned by alternative investment firms a streamlined approach to transformative leadership and sustainable growth. This article is being made available for informational purposes only and should not be construed as legal, regulatory, tax, accounting, or investment advice on any subject matter. The information provided expresses the views of the author as of the date indicated and such views are subject to change without notice. QCG has no duty or obligation to update the information contained herein. Certain information contained herein is based on or derived from information provided by independent third-party sources. QCG believes that the sources from which such information has been obtained are reliable; however, it cannot guarantee the accuracy of such information and has not independently verified the accuracy or completeness of such information or the assumptions on which such information is based. QCG makes no representation, and it should not be assumed, that past investment performance is an indication of future results. Moreover, wherever there is the potential for profit there is also the possibility of loss.

How can public companies assess their track record and skills for improving revenues and margins to take on new transformation challenges? By working with our team of consultants who offer interim and fractional leadership in acquiring PE owned companies. Our consultants bring over 60 years of collective expertise in interim and permanent placement while offering over 200 years of collective experience in interim and fractional executive staffing, restructuring, and change management leadership. Each of our executives has a track record of accomplishments in restructuring operations and financial management. We seek to maximize value for your healthcare operations, while delivering a smooth change management process for your restructuring effort. Our goal is to guide public companies toward streamline operations while mitigating risks. Ready to transform your operations to maximize revenue, operating margins, and cash flow? Send me a direct message to discuss how our experienced leaders can help you generate stronger value post-acquisition. 

In his latest blog, our CEO, Andrew Coombs, discusses the importance of our Vantage Point acquisition and our strategy for growth in the future. The site in Gloucester succinctly embodies our business strategy, presenting a fantastic opportunity to increase occupancy and stabilise income with ample development potential. To read more on this acquisition, read Andrew’s thoughts here: https://lnkd.in/gf5aAF9M #SiriusPortfolio #InvestmentOpportunity

i always enjoy and appreciate Dennie Ruben's perspective on the M&A market. this review of '24 is valuable reading as Dennie not only looks at what happened but looks at how changes in DC could spur more activity in '25. #nrc #dennisruben #cspdailynews #mergersandacqisitions