Tue.Jul 15, 2025

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Valuation for Buying a Recreation Business

Peak Business Valuation

The recreation industry is steadily growing across the United States. Recreation businesses sell ATVs, RVs, boats, and more. With tourism on the rise, demand for outdoor recreation is increasing. As such, now is an ideal time to invest in a recreation business. But despite favorable market conditions, challenges may still arise during an acquisition.

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The One Big Beautiful Bill Act & M&A

Harvard Corporate Governance

Posted by Deborah Paul and Rachel Reisberg, Wachtell, Lipton, Rosen & Katz, on Tuesday, July 15, 2025 Editor's Note: Deborah Paul and Rachel Reisberg are Partners at Wachtell, Lipton, Rosen & Katz. This post is based on their Wachtell memorandum. The One Big Beautiful Bill Act (the “OBBBA”) was signed into law on Friday, and, while not the paradigm shift of 2017’s Tax Cuts and Jobs Act (the “TCJA”), it introduces important changes affecting both domestic and cross-border transactions, m

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Kellogg Shareholders Complete the Cash-In

Auto Dealer Valuation Insights

Almost a year ago, we published a case study looking at the corporate break-up of the venerable Kellogg Company into two separate businesses: Kellanova (snack foods) and WK Kellogg (breakfast cereals). From the announcement through the present, Kellogg shareholders have earned an annualized total return of 11.2%, far outpacing the returns of peer publicly traded packaged foods companies.

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5 Signs It’s Time to Sell Your Business—and How a Broker Can Help

Hallmark Brokers

Owning a business is an incredible journey, but every journey eventually has its turning point. For many business owners, knowing when to step away is the hardest decision of all. Whether it’s due to personal goals or shifting market conditions, there comes a time when selling makes strategic sense. If you’ve been searching phrases like […] The post 5 Signs It’s Time to Sell Your Business—and How a Broker Can Help appeared first on Hallmark Brokers.

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How to Leverage Intent Data for Better Outcomes

Speaker: Susan Spencer, Principal of Spencer Communications

Intent signal data can go a long way toward shortening sales cycles and closing more deals. The challenge is deciding which is the best type of intent data to help your company meet its sales and marketing goals. In this webinar, Susan Spencer, fractional CMO and principal of Spencer Communications, will unpack the differences between contact-level and company-level intent signals.

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Wilshire Acquires ParkLexington to Enhance Operations, Profitability, and Performance for Investment Managers

Business Wire M&A

SANTA MONICA, Calif.--(BUSINESS WIRE)--Wilshire Advisors LLC (“Wilshire”), a leading global financial services firm, today announced that it has acquired ParkLexington Advisors, LLC (“ParkLexington”), a data and analytics firm focused on improving fund and investment firm operations, profitability, and performance. Through this transaction, Wilshire will meaningfully expand its data, cost transparency, and analytics capabilities for all clients.

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Squeeze-Outs: Del. Supreme Court Affirms Chancery’s Fair Dealing Analysis

John Jenkins

Last November, I blogged about the Chancery Court’s post-trial opinion in Jacobs v. Akademos, Inc. (Del. Ch.; 10/24) in which Vice Chancellor Laster found that the sale of a distressed company to a controlling stockholder where the common stockholders received no consideration was entirely fair. Plaintiffs appealed to the Delaware Supreme Court, arguing three errors.

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How to Control Controller Conflicts

Harvard Corporate Governance

Posted by Lucian Bebchuk (Harvard Law School) and Kobi Kastiel (Tel Aviv University), on Tuesday, July 15, 2025 Editor's Note: Lucian Bebchuk is the James Barr Ames Professor of Law, Economics, and Finance and Director of the Program on Corporate Governance at Harvard Law School, and Kobi Kastiel is Professor of Law at Tel Aviv University. This post is part of the Delaware law series ; links to other posts in the series are available here.

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GenNx360 Capital Partners Portfolio Company Precision Aviation Group Expands Global Footprint with Strategic Acquisition of Turner Aviation

Business Wire M&A

NEW YORK--(BUSINESS WIRE)--GenNx360 Capital Partners (“GenNx360”), a New York-based private equity firm investing in industrial and business services companies in the U.S. middle market, today announced that its portfolio company, Precision Aviation Group, Inc. (“PAG”), has acquired Turner Aviation, a highly regarded aviation maintenance, repair, and overhaul (MRO) services provider based in the United Kingdom.

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Drive value with our free Business Health Check tool

JPAbusiness

The new financial year is under way and it's a good time to review the health of your business , in particular what areas you need to focus on and improve to drive the most value in the year ahead. Often business owners use this opportunity to: review and update the training and development plans of their teams review business lines and team performance consider product pricing and offerings for the year ahead examine expense and revenue budgets and opportunities to sustain and enhance margins ,

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Atlas Acquires Central Wealth Management, Surpassing $230M in Assets Under Management

Business Wire M&A

LOS ANGELES--(BUSINESS WIRE)--Atlas (“Atlas”), a next-generation financial firm, today announced the acquisition of Central Wealth Management (“CWM”), surpassing over $230 million in firm-wide assets under management. CWM, an RIA firm based in Madison, Wisconsin, will now operate in its entirety under the Atlas name and maintain its Wisconsin office.

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Statement of Cash Flows vs. Cash Flow Statement

Speaker: Wayne Spivak - President and Chief Financial Officer of SBA * Consulting LTD, Industry Writer, and Public Speaker

The old adages that "cash is king" and "you can’t spend profits" still hold true today. But however well-known these sayings might be, it requires a change in mindset to properly implement a cash flow management system that predicts your business's runaway as accurately as possible. Key to this new mindset is understanding the difference between the Statement of Cash Flows, a historical look at the source and uses of cash, and the Cash Flow Statement, which uses transaction history and forward-l

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Door Maker Defends Landmark Divestiture Order At 4th Circ.

Law 360 M&A

Steves & Sons Inc. has urged the Fourth Circuit to preserve the first court-ordered divestiture in a private merger challenge, arguing Jeld-Wen's sale of the Pennsylvania factory restored competition in the market for the door skins used to make molded interior doors.

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Sun Valley Investments AG Announces the Successful Completion of the Offer to Purchase Shares of Mineros S.A.

Business Wire M&A

TORONTO--(BUSINESS WIRE)--Sun Valley Investments AG (“Sun Valley”) today announces that its previously announced public offer to purchase common shares (“Common Shares”) of Mineros S.A. (“Mineros” or the “Company”, TSX: MSA, CB: MINEROS) by way of an Oferta Pública de Adquisición (the “OPA” or the “Offer”) through the facilities of the Colombia Securities Exchange at a price per Common Share equal of 5,500 Colombian pesos (“COP”), equivalent to approximately CAD $1.

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The Financial Triple Play: 3 Reports to Help You Stay at the Top of Your Game

Machen McChesney

In baseball, the triple play is a high-impact defensive feat that knocks the competition out of the inning. In business, you have your own version — three key financial statements that can give you a competitive edge by monitoring profitability, liquidity, and solvency.

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Doorvest Acquires Wreno to Power Real Estate Operations and Pursue Property Management Acquisitions

Business Wire M&A

SAN FRANCISCO--(BUSINESS WIRE)--Doorvest, the real estate investing superapp that enables retail investors to buy, manage and sell investment properties, today announced its acquisition of Wreno, an AI-powered vendor management and project automation platform purpose-built for institutional-grade property operations. This strategic acquisition marks a significant milestone in Doorvest’s evolution into a vertically integrated, tech-first real estate investing platform.

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Mastering Intent Data: Understanding its Importance & Best Practices

Speaker: Joe Apfelbaum, CEO of Ajax Union

In this webinar, Joe Apfelbaum, CEO of Ajax Union and business strategist, will take you through the ABCs of intent data. You'll learn how to effectively use it to drive business results, with practical tips on how to leverage both company and contact intent data to maximize your marketing efforts. Whether you're a seasoned marketer or just getting started, this webinar is a must-attend for anyone looking to stay ahead in the ever-evolving world of digital marketing.

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California Climate Accountability: Getting Started on SB 253 and SB 261 Reporting

Harvard Corporate Governance

Posted by Subodh Mishra, ISS STOXX, on Tuesday, July 15, 2025 Editor's Note: Subodh Mishra is Global Head of Communications at ISS STOXX. This post is based on an ISS-Corporate memorandum by Fredrik Lundin, Senior Sustainability Solutions Product Manager, and Ravi Mahapatra, Sustainability Product Associate, at ISS-Corporate. Key Takeaways: Emissions Disclosure: SB 253 requires companies in scope to annually disclose scope 1 and 2 GHG Emissions (Scope 3 starting 2027) Financial Risks: SB 261 r

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GTCR Seeks Rival's Sales Data To Counter FTC Challenge

Law 360 M&A

The private equity firm looking to buy medical device coating company Surmodics is seeking Salesforce data from another competitor in the space, saying the information is crucial to showing that the industry will still be competitive if its acquisition is cleared.

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Portman Ridge Finance Corporation Closes Merger with Logan Ridge Finance Corporation

Benzinga

NEW YORK, July 15, 2025 (GLOBE NEWSWIRE) -- Portman Ridge Finance Corporation (NASDAQ: PTMN ) ("Portman Ridge" or "PTMN") today announced the closing of the previously announced merger of Logan Ridge Finance Corporation (NASDAQ: LRFC ) ("Logan Ridge" or "LRFC") with and into PTMN, with PTMN remaining as the surviving company. Based on July 11, 2025 financial data, the combined company had total assets in excess of $600 million.

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4 Former Justices Would Likely Frown On Litigation Funding

Law 360 M&A

As courts increasingly confront cases involving hidden litigation finance contracts, the jurisprudence of four former U.S. Supreme Court justices establishes a constitutional framework that risks erosion by undisclosed financial interests, says Roland Eisenhuth at the American Property Casualty Insurance Association.

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Exit Strategies Group Advises Starr Property Management in Sale

Exit Strategy

Exit Strategies Group recently served as the M&A advisor to the owners of Starr Property Management, a leading Central California property management company, on their sale to Galaxy Holdings, Inc., a recently formed private equity fund. Mark Harter led the sale process for Exit Strategies Group. The transaction represents Galaxy’s entrance into the national property […] The post Exit Strategies Group Advises Starr Property Management in Sale appeared first on Exit Strategies Group, In

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Acuren Corporation Announces Expiration of Go-Shop Period under Merger Agreement with NV5 Global, Inc.

Business Wire M&A

TOMBALL, Texas--(BUSINESS WIRE)--Acuren Corporation (NYSE: TIC) (“Acuren”) today announced the expiration of the 60-day “go-shop” period (“Go-Shop Period”) in connection with the previously announced Agreement and Plan of Merger with NV5 Global, Inc. (“NV5”, Nasdaq: NVEE), dated as of May 14, 2025 (the “Merger Agreement”). During the Go-Shop Period, NV5 was permitted to solicit and enter into negotiations with third parties that made a proposal or offer to acquire NV5.

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WNC & Associates and KG Development Group Announce Acquisition of Phoenix Residential in Milwaukee

Benzinga

MILWAUKEE, July 15, 2025 (GLOBE NEWSWIRE) -- WNC & Associates (WNC), a family-owned business known as both a pioneer and leader in the affordable housing industry, and KG Development Group , a full-service real estate development firm that strengthens communities by providing intentional, sustainable, and supportive solutions that remove social determinants of health barriers to benefit people and their communities, have announced the acquisition and planned renovation of Phoenix Residentia

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Bluespring Wealth Partners Merger Creates $865M AUM Firm

Business Wire M&A

AUSTIN, Texas--(BUSINESS WIRE)--Bluespring Wealth Partners (Bluespring), a leading acquirer of independent RIAs and hybrid wealth management firms, today announced that existing Bluespring firm Hickory Asset Management, Inc. (Hickory) will merge into existing Bluespring firm, Ritter Daniher Financial Advisory LLC (RDFA). As combined teams, investment advisor professionals with Hickory and RDFA will now oversee over $865M in assets under management.

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FTC Says Merger Penalty Deal In The Works With 7-Eleven

Law 360 M&A

The Federal Trade Commission is inching closer to a settlement with 7-Eleven in its suit seeking to slap the convenience store chain with a $77.5 million penalty for violating a settlement that it inked with the agency in order to get a merger approved back in 2018.

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Can Sage eliminate the financial close?

Accounting Web

Accounting software

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MaxLinear, Silicon Motion Beat Suit Over Failed $3.8B Merger

Law 360 M&A

A California federal judge on Tuesday threw out a proposed class action that accused semiconductor company MaxLinear and chipmaker Silicon Motion of misleading investors about a $3.8 billion merger that fell through, saying Silicon Motion shareholders couldn't sue MaxLinear or prove that Silicon Motion knew about an alleged breach of the merger agreement.

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Abacus Group and Medicus IT Merge to Create a Leading IT MSP/MSSP Serving Highly Regulated Clients

Business Wire M&A

NEW YORK--(BUSINESS WIRE)--Abacus Group and Medicus IT, two leading providers of IT managed services with deep subject matter expertise in the highly regulated industries of financial services and healthcare respectively, today announced that they have merged.

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Paul Hastings Adds M&A Specialist From Paul Weiss

Law 360 M&A

Paul Hastings LLP has brought on a former Paul Weiss Rifkind Wharton & Garrison LLP partner who specializes in mergers and acquisitions as well as complex transactions for public and private companies and private equity firms, the firm said Tuesday.

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The future of AI in the insurance industry

Mckinsey and Company

Only a few insurers have extracted outsize value from AI to gain a competitive edge. Joining their ranks requires a strategic, comprehensive approach that rewires the enterprise.

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La Caisse Plugs $200M Into PE-Backed Renewa

Law 360 M&A

Infrastructure investor QIC Infrastructure on Tuesday announced that its portfolio company Renewa received a $200 million primary equity commitment from investment group La Caisse.

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Abacus and Medicus IT Merge, Creating The Leading Financial Services and Healthcare-focused IT Managed Services Platform

Business Wire M&A

SAN FRANCISCO--(BUSINESS WIRE)--FFL Partners (“FFL”), a private equity firm focused on growth investments in tech-enabled business services and healthcare companies, today announced the completion of the merger of FFL portfolio companies Abacus Group and Medicus IT to launch a new multi-vertical IT Managed Services Provider (“MSP”) exclusively focused on the financial services and healthcare industries.

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2 Firms Guide Cavco's $190M Manufactured Home Co. Buy

Law 360 M&A

Cavco Industries said it has reached an agreement to acquire Houston-based homebuilder American Homestar Corp. and its subsidiaries for $190 million, in a transaction advised by DLA Piper and Jackson Walker LLP.

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Nightfood's FHVH to Pioneer AI-Driven Culinary Education in $32.5 Billion US Market

Benzinga

LOS ANGELES, July 15, 2025 (GLOBE NEWSWIRE) -- via IBN -- Nightfood Holdings , Inc. (OTCQB: NGTF ), through its wholly owned subsidiary Future Hospitality Ventures Holdings Inc. (FHVH), doing business as RoboOp365 , today announces the signing of a binding Letter of Intent (LOI) with Stratford Education Group Inc., doing business as Los Angeles Cooking School (LACS), to form Modern Culinary Systems Inc.

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NC Docs Say Practice Duped Them Into Providing Free Labor

Law 360 M&A

A trio of reproductive and women's health care physicians were enticed to sell their practice by promises of a brighter financial future, only to be forced into providing more than a year of free labor, the doctors say in a complaint designated to the North Carolina Business Court.

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VAT on Expenses: What's Vatable and How to Reclaim VAT?

Accounting Web

Business tax Tags Data & Expense Management Expenses VAT

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