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By Anthony Melchiorre
Because of the record levels of uninvested capital from record levels of fundraising by private equity groups over the past three years, financial sponsors are expected to be more aggressive and active on the buy side in 2024.
April 4, 2024
How to Maximize PE Value Creation by Better Assessing Growth Potential in Due Diligence
Chief Outsiders Managing Partner, Private Equity, Slade Kobran outlines and approach to value creation that starts in due diligence.
March 7, 2024
AI Trends for the Progressive CEO: Navigating the Transformative Landscape
Chief Outsiders' Ed Valdez and Angus Robertson rank the eight most important factors in the AI scene to pay attention to right now.
February 29, 2024
Find Advisors Who You Trust With Your Life
Speedeon Data's Gerard Daher on the importance of advisors and mentors as he prepares for an exit.
February 1, 2024
Know Your Buyer's Intentions When Selling
SupplySide Group's Ansir Junaid on the importance of understanding the different buyer types and what they mean for your business post-sale.
January 19, 2024
Cavs CEO Nic Barlage On Creating A Winning Culture
Nic Barlage, CEO of the Cleveland Cavaliers and Rock Entertainment Group, discusses talent acquisition and development, building a winning culture, and the importance of leadership on the Smart Business Dealmakers Podcast.
January 18, 2024
Tune Your PE Growth Engine With These 4 Principles
Chief Outsiders columnist Jack Bowen outlines how to optimize portfolio-company performance and maximize growth opportunities.
January 5, 2024
Exploring Capital Options In A Challenging Market
Working within the commercial real estate space, Spencer Pisczak, president and founding Member of Premier Development Partners, says the current climate is in many ways a challenge. "The big problem
December 15, 2023
Cleveland Deal Activity: Cultural Fit Matters
One of the most critical aspects of a successful transaction is cultural fit. There are several reasons it matters. Here are a few that can determine success or failure.
December 1, 2023
Why Deals Fall Apart + Reason For Caution With Earn Outs
The Riverside Company's Cheryl Strom on why most deals fall apart, as well as why sellers should use caution when earn outs are part of a deal.
November 17, 2023
The Fourth Quarter Comeback
Sports enthusiasts can attest that there are few scenarios more thrilling than a fourth quarter comeback. And no NFL quarterback has led more fourth quarter comebacks than future Hall of Famer Tom
November 3, 2023
Putting Your Superpower To Work Post Exit
It's always a good time to start thinking about life after the sale of a business, says North Coast Ventures Managing Director Todd Federman. That, he says, can help business owners avoid being one of
October 20, 2023
Cleveland Deal Activity: Rise In Bankruptcies Drive Distressed M&A Activity
Throughout 2023, the U.S. M&A landscape has been significantly shaped by a notable rise in distressed M&A transactions. According to bankruptcy filings from the U.S. Courts, the number of Chapter 11
October 6, 2023
The Million-Dollar Question When Considering A Sale
Knowing when to sell a business is challenging, says Richard Hamlin, executive vice president of The Reserve Group, a family office and management company. While much depends on the owner's personal
September 22, 2023
Selling Sgt. Clean
Two years ago, Brian Krusz, co-founder and director of growth and development at Sgt. Clean Car Wash, brought on a financial partner, Prairie Capital, who he says has helped the decade-old,
September 8, 2023
Cleveland Deal Activity: Navigating M&A deal structures in a tightened debt market
As interest rates and borrowing costs move in parallel, buyers are faced with the challenge of navigating increasing costs of debt to finance acquisitions, especially in deals where the seller has
August 25, 2023
From Sell To Sell And Buy
General Die Casters has been in business since 1957 making high-pressure aluminum die castings of parts for everything from automobiles to chainsaws. About a year ago, CEO Brian Lennon says the
August 10, 2023
Anthony Manna On Growing His Family Business
Anthony Manna on lessons learned for establishing a family-owned enterprise that generates value and how he's preparing the company to transition to the next generation.
July 28, 2023
Slowed inflation to temper rising cost of capital ... hopefully
Sharply increasing inflation rates over the past two and a half years in the U.S. are a result of several contributing factors, but none more than the relationship between the prices for goods and
July 7, 2023
The Importance Of Connections In Dealmaking
OMNI Systems, founded 33 years ago out of the CEO's garage, is now a $100 million company. "So, we know a bit about growth," said David Campbell, OMNI's CFO, at the Cleveland Smart Business Dealmakers
June 23, 2023
Culture Takes Priority Post Acquisition
In this choppy economic environment, Jody Richards, CEO of Process Technology says she's seen some order cancellations and some order push-outs. And while some would say semiconductors are supposedly
June 9, 2023
Superstar CEO Roundtable Kicks Off Cleveland Conference
Kicking off the 2023 Cleveland Smart Business Dealmakers Conference were several of the region’s top executives talking with moderator Jeff Bechtel, President - Cleveland Region, First National Bank,
May 26, 2023
Recognizing The 2023 Dealmakers of the Year Award Winners
Hundreds of millions of dollars have been channeled to the 2023 Smart Business Dealmakers Dealmaker of the Year Awards honorees. But raising funds is not all this year's class of entrepreneurs have
May 26, 2023
The Inaugural Cleveland Dealmakers Hall of Fame Class Sets The Stage
Welcome the inaugural class for the Cleveland Dealmakers Hall of Fame! This group of dealmakers has made an often-groundbreaking impact on their organizations, industries and the Northeast Ohio region
May 19, 2023
Sellers Should Be Clear About What They Want In A Deal
Gridiron Capital Managing Director Joe Saldutti says, as a private equity investor, what attracts him to businesses and helps him prioritize investing in one company versus another is when it's a
May 12, 2023
Estate Tax Planning Considerations for Contemplated M&A Transactions
The landscape of estate tax planning is set to undergo a significant change in the coming years, as the estate tax exemption is set to revert to pre-2018 levels at the end of 2025. This means that
May 5, 2023
Facing Economic Headwinds, Deal Math Changes
Several area dealmakers chimed in on how they see the current market; how buyers, sellers and entrepreneurs are faring; and their expectations for how the remainder of the deal year plays out. Check out what they have to say.
April 26, 2023
What TRG's Sean Kennedy Learned Making Two Foreign Acquisitions
TRG's Sean Kennedy on the company's growth, the differences between its domestic and international acquisitions, as well as the process of integrating teams that come from much different cultures.
April 21, 2023
Sellers Must Believe In Their Projections
Foundation Wellness CEO Sean Williams on message control and the importance of believing in what you're selling.
April 14, 2023
Deal Pulse: Best of times, worst of times
The domestic M&A market is in a state of great disparity. Valuations from buyers receded to pre-pandemic levels while sellers continue to expect the lofty valuations seen in the latter portion of 2020
April 6, 2023
Hugh Slater on Buying, Building And Selling EGC Enterprises
Slater Capital Managing Partner Hugh Slater on buying, building and growing EGC Enterprises.
March 31, 2023
The Importance Of Knowledgeable CFOs In Deals
TalentLaunch's Matt Lyon and Resilience Capital Partners' Bassem Mansour on post-acquisition integration and how the CFO role plays a part in making sure the deal pays off.
March 31, 2023
Five elements to achieve best in class business status
Barnes Wendling Director Mike Pappas on the key elements to achieving best in class and how it increases company value.
March 24, 2023
Faris Ghawi On Vytalize's $100M Raise
Vytalize CEO and co-founder Faris Ghawi, along with Chief Marketing Officer Matt Buder Shapiro, on the company's big raise, how they'll apply it, the growth its perpetuating and what comes next.
March 17, 2023
Selling means more than just money
Marcum LLP Senior Partner Greg Skoda on why money might not be the most important part of a deal.
March 10, 2023
Cleveland Deal Pulse: The Role of the Rollover
MelCap Partners David Shibley looks at trends and deals in the Northeast Ohio M&A market over the month of February.
March 3, 2023
The Three-Phase Set Up of Society Brands' Success
Society Brands CEO Michael Sirpilla on financing business growth.
February 24, 2023
Sellers Be Ready
Summit Fire & Security Regional VP Steve DeJohn on the signs that a company is ready for a sale.
February 17, 2023
Positive Trends During Turbulent Times
Private equity fundraising, driven by an increase in capital from private investors, has remained near historic highs. However, private equity groups will also be tasked with balancing the challenges of securing debt capital as credit tightens.
February 10, 2023
Sanjay Singh On The Critical 100 Days Post-Acquisition
Sanjay Singh, before he was chairman and CEO of Mace Security International, lead a business in the acquisition of a lower-middle-market manufacturing company that was a fierce competitor. That made post-deal integration a challenge.
February 3, 2023
Optimism For A Return To Normal Pervades In M&A For 2023
Dave Dunstan spoke on the Smart Business Dealmakers Podcast about the survey results and the expectation among buyers and sellers for the 2023 deal year.
January 27, 2023
DealTalk: Blue Point Capital’s Acquisition of Water Lilies
Blue Point Capital has a lot of experience in the food and beverage space, so it was natural that the Cleveland-based PE firm would jump at the chance to acquire Water Lilies, a 27-year-old private label manufacturer of premium frozen Asian-inspired food.
January 20, 2023
Cleveland Deal Pulse: Earnouts Increase In Popularity
Earnouts can align buyer and seller interests, incentivizing sellers to stick around post-sale to realize an economic benefit from the continued success of the business. Increasingly, they're being used to align total deal value to the ongoing performance of the business in a period of uncertainty, says Carter Hatina, an analyst with MelCap Partners, LLC.
January 13, 2023
Lance Hill On How To Think About Capital Raises
Within3 Founder and CEO Lance Hill on what to consider when raising capital.
January 6, 2023
Rocco DiLillo On His M&A Legacy
Rocco DiLillo on the many businesses he's built, bought and sold, and offers advice to entrepreneurs looking to experience similar successes.
December 16, 2022
Cleveland Deal Pulse: M&A Key To Corporate Strategies Despite Uncertainty
Rising inflation and interest rates, as well as a looming recessionary period, continue to be top-of-mind for dealmakers. The economic uncertainty caused by these issues has led to modest M&A volatility. However, valuations for high-quality businesses remain lofty.
December 9, 2022
Reasons To Consider A Family Office
Walnut Ridge CEO and Managing Partner Mike Moran on the pros and cons for sellers partnering with a family office, how family offices differ from other options, and what life is like for owners post-transaction.
December 1, 2022
Flexibility Has Advantages In Deal Negotiations
Brian Gale, Tucker Ellis' Jayne Juvan and Blue Point Capital's Chip Chaikin, share advice on how flexibility can win deals over price.
November 23, 2022
JumpStart's Jerry Frantz On How Uncertainty Is Affecting Early-Stage Investors
JumpStart Ventures President Jerry Frantz on how the early-stage investor mindset has been affected by market uncertainty and what it means for entrepreneurs.
November 18, 2022
Deal Pulse Cleveland: Rising Interest Rates Impact Private Equity
Interest rates have become a greater challenge, leading private equity to counter by increasing the portion of equity placed into deals to better manage the cost of debt.
November 11, 2022
Stay-At-Home Moms Take The Pressure Off Park Place Technologies' M&A Processes
Park Place Technologies Kelly Greene on how she's developed her M&A process during the years.
November 4, 2022
The Value Of Preparation Before Liquidity Events
JBC Technologies' Joseph Bliss, Proformex's Lou Schneeberger, BNY Mellon Wealth Management's Ronald Ambrogio and BDO's Robert Berdanier on the value of preparation before liquidity events.
October 28, 2022
Despite Two Retirements, Ralph Della Ratta Is Still Going
Kirtland Capital Partners' Ralph Della Ratta on what he's learned from his four decades in M&A, his keys to success and how that experience will be brought to bear in his newest role.
October 21, 2022
Deal Pulse Northeast Ohio: M&A Outlook in a Volatile Economy
The Northeast Ohio M&A market has faced the same headwinds as the broader U.S. Deal volume for the nine months ended September 30, 2022 was 10.1 percent lower than the same time period in 2021, while September 2022 deal volume was 26.3 percent lower than September 2021. Still, Northeast Ohio saw the closing of several noteworthy transactions.
October 14, 2022
Michael Sirpilla On Society Brands’ $204M Raise
Society Brands CEO Michael Sirpilla spoke on Dealmaker TV's DealTalk program about the company’s $204M raise and its growth since its launch in 2020.
October 7, 2022
There’s a Bumpy Road Ahead In M&A
C. Forrest Tefft, head of corporate finance at Northwest Bank, has, over more than four decades in investment banking, raised more than $14 billion in bank capital and was the originator of more than 70 transactions. Tefft discusses some of the hurdles businesses face in a near post-pandemic world and the things they should consider before making any M&A transactions.
October 7, 2022
Checkpoint Surgical Focused on Growth
Checkpoint Surgical, Inc., a privately held U.S.-based medical device company with proprietary neurostimulation technology for nerve protection and repair, raised $16 million of growth capital in August of 2021. One year later, with those investments in place, the company is shifting into growth mode, a move that comes with substantial changes. Executive Advisor Len Cosentino talks about the raise, his process for vetting investors and how Checkpoint is setting itself up for profitability.
September 30, 2022
Economic Uncertainty And Its Impact On Deal Readiness
Vytalize Health's Kevin Murphy, Vitalxchange's Charu Ramanathan, Gibson Machinery's Lee Gibson, Taft Stettinius & Hollister LLP's Brandi Weekley and MelCap Partners' Al Melchiorre on economic uncertainty and its impact on deal readiness.
September 23, 2022
Stewart Kohl on missed opportunities
The Riverside Co. Co-CEO Stewart Kohl on what he learned from his first job, how mentorship has impacted his career, successes, lessons learned, work/life balance, and giving back.
September 15, 2022
Deal Pulse: The Economic Impact of a Manufacturing Resurgence
In his latest Deal Pulse report, Mike Kostandaras of MelCap Partners assesses the current M&A market, including a discussion of recent deals, a puts a spotlight on domestic manufacturing.
September 9, 2022
Accelerating growth through private equity
Schill Grounds Management's Jerry Schill on the company's deal with Argonne and how it will help accelerate the business's growth.
September 2, 2022
Planning for you and your business's next step
TalentLaunch's Aaron Grossman, Leiden Cabinet Company's Tom Leiden and CM Wealth Advisors Paul Bodnar and Douglas McCreery, spoke at the Cleveland Smart Business Dealmakers Conference about what liquidity events mean for owners and entrepreneurs and their businesses, and what to expect next.
August 19, 2022
Deal Pulse: M&A in a Virtual World
In July 2022, the Northeast Ohio M&A market demonstrated more resilience than the broader domestic market, as deal volume in July 2022 increased by 13.8 percent relative to July 2021. However, for the seven months ended July 2022, Northeast Ohio deal volume was 10.1 percent lower than the prior year.
August 11, 2022
Real estate investing in a dynamic market
Citymark Capital Founder and CEO Dan Walsh on the real estate investment market, what, and where, is hot, and how he sees the investment landscape playing out given the economic currents.
August 5, 2022
Transition strategies within family businesses
Jergens Inc.'s Jack Schron, Ahola Payroll & HR Solutions' Jeff Ahola, Peoples Services Inc.'s Darin Haines, The Reserves Network's Neil Stallard and UBS's William Murphy on the tough conversations and lessons learned from transitions in a family business.
July 22, 2022
Diligence is a two-way street
Foundation Wellness' Sean Williams, Aon's Perry Papantonis, and Gridiron Capital's Joe Saldutti and Sean Kelley on maximizing value in a sell-side transaction.
July 13, 2022
Deal Pulse: Volume down, value up amid mounting headwinds
Following a healthy first quarter, U.S. and local deal volume declined the second quarter ended June 30. However, total deal value on a national basis was up sharply over the same period. Acquirers are increasingly confronted with a difficult labor market.
July 6, 2022
A shifting M&A market
Fifth Third Securities' Matt Francati, Cyprium Investment Partners' Beth Haas, Signet Enterprises' Anthony Manna and Oswald Companies' Jeff Schwab on mitigating risk and navigating current trends in today's volatile sell-side environment.
June 29, 2022
Relationships, communication smooth MedPilot, Vytalize deal
Vytalize Health's Kevin Murphy and Matt Buder Shapiro on the deal, how it came to be and where the combined companies go from here.
June 22, 2022
Internal, external factors to consider ahead of a deal
Malachite Innovations Inc.'s Michael Cavanaugh, Barnes Wendling CPAs' Laurie Gatten, Protegis Fire & Safety's Steve DeJohn and Ulmer & Berne's Ilir Pipa on how to analyze your company’s deal readiness and determine the best course for your company’s future.
June 17, 2022
Overcoming Great Day's Early Challenges Hinged On The Team
Blue Olive Partners Executive Chairman Ed Weinfurtner on building the family of Great Day brands.
June 2, 2022
Economic development challenges, opportunities in Greater Cleveland
Downtown Cleveland Alliance's Michael Deemer, Howard Hanna Real Estate Services' Howard W. "Hoby" Hanna, IV, First National Bank's Jeff Bechtel and K&D's Doug Price helped kickoff the recent Cleveland Smart Business Dealmakers Conference with a roundtable discussing the drivers of economic development in Northeast Ohio.
May 26, 2022
How the middle-market M&A scene might play out for 2022
Based on analyst reports and Citizens Annual Middle Market M&A Outlook, 2022 is expected to be another high-paced deal year, says David Dunstan managing director in Citizens M&A Advisory Group.
May 19, 2022
Investment opportunities in Esports
Kohrman Jackson & Krantz's Scott Norcross, along with eFuse's Matthew Benson, Jonathan Sumers of the Cleveland Cavaliers, and Kaulig Capital's Brooke Hradisky, discuss the Esports sector, the investment opportunities there, and how Esports companies are financing growth.
May 11, 2022
Macro issues change the M&A math
Little Mountain Industries' Jonathan Hatch on the lower-middle-market manufacturing scene and how broader macro issues are affecting the deal math for firms such as his.
May 6, 2022
Understanding the letter of intent
Signet Enterprises' Anthony Manna talks about the letter of intent. He breaks down a deal at this very early stage, discussing some of the key choices sellers need to make as they take their company to market.
April 28, 2022
Lou Schneeberger on the COVID backlog
Proformex Chairman Lou Schneeberger talks about the COVID pause, where companies are today that were negatively affected by the pandemic, and how they move forward to a successful transaction.
April 22, 2022
Ohio draws increasing Silicon Valley attention with OVO Fund III raise
The recently launched Palo Alto-based OVO Fund III has closed after reaching its goal of $50 million. And it achieved that mark with help from an Ohio syndicate of investors whose combined $8 million for OVO Fund III makes them one of the more substantial investors in the Silicon Valley-based OVO Fund.
April 8, 2022
Raising Capital and Growing Businesses in the Health Care Industry
Within3's Lance Hill, along with Huntington Bank's Jamie Lynch and John Langenderfer, University Hospitals Health System's Eric Beck, and ValueHealth's John Palumbo explore how health care entrepreneurs fuel growth.
March 11, 2022
Win The Deal Without Winning On Price
Coles Gray CEO David Cheney, along with Tucker Ellis' Jayne Juvan, Ampex Brands Family of Companies' Eric Easton, and Citizens' David Dunstan and James Irwin, talk about what truly differentiates winning buy-side transactions beyond the price.
February 25, 2022
Ansir Junaid: Serial entrepreneur’s M&A lessons learned
SupplySide Group Chairman Ansir Junaid offers insights into his M&A experience and how the pandemic has affected dealmaking.
February 11, 2022
When pitching nascent opportunities, explain it so grandma would understand
Play One Up CEO Brandon Pitts talks about the growing esports industry, building Play One Up and how he pitches investors who might not be familiar with the opportunity.
January 28, 2022
Buyers Negotiate Protections As Valuations Soar
Bellmark Partners' Andy Vollmer explores the record-level of M&A activity in 2021, the driving factors of that activity, the consequences, and what we can expect for the remainder of 2022.
January 14, 2022
The pros and cons of three types of sale transactions
Fifth Third Securities' Joseph Carson, Val-Matic Valve & Manufacturing Corp.'s (retired) John Ballun, Oswald's Jeff Schwab and Provariant Equity Partners' Murad Beg explore the pros and cons of different types of sell-side transactions.
December 16, 2021
Citymark Capital founder Daniel Walsh on launching the company
Daniel Walsh talks about launching Citymark Capital, building funds, creating value and the special place Austin holds in the company’s plans.
December 2, 2021
Transaction Readiness in a Post-COVID World
Mike Baird, John Mastrantoni, Floyd Trouten and David Black assess ways to strengthen the core of your business by addressing common challenges faced by middle market companies.
November 17, 2021
Estate planning tips for family business owners
Wholesale Supplies Plus Founder and Retired CEO Deb May along with Capital Anesthesia Solutions’ Chris Copley and UBS’ William Murphy talk about family businesses, estate planning pre- and post-liquidity event, as well as how to pick the right estate planning adviser.
November 5, 2021
How capital sees companies during a disruption
Marcum LLP's Greg Skoda, along with U.S. Banks’ Alan Zang, Walnut Ridge’s Michael Moran and U.S. Acute Care Solutions Executive Chairman Dominic Bagnoli, explore building unique capital stack structures to fuel growth.
October 20, 2021
Learning the ropes: acquisitions in a family business
Taylor Burke-Gilman and Lauren Burke-Devere on how they got involved in the family business, their transition into leadership, and what they’ve learned so far about acquisitions.
September 24, 2021
Leverage your strengths when competing for acquisitions
Robin Industries' Mark Fischer and Millcraft Paper Co.'s David Hegeman, along with RSM US LLP's Brian Adkinson and Truist Bank's Andrew Rutherford dig into building an acquisition playbook.
September 9, 2021
Marshall Dahneke’s Sell-Side Best Practices
Marshall Dahneke outlines key considerations when you’re pursuing a sale.
August 27, 2021
Self-awareness is key when preparing to sell
As a business owner considers selling their business, the first thing they should do, according to Harvey Nelson, CEO of Main Street Gourmet, is consider themselves.
July 29, 2021
How Wisr used pressure to distinguish serious investors
John Knific talks about fundraising and Wisr's deal with EAB.
July 16, 2021
Inside Ampex Brands’ Acquisition of Au Bon Pain
Eric Easton, CFO at Ampex Brands, and Jayne Juvan, M&A chair at Tucker Ellis, discuss Ampex’s acquisition of Au Bon Pain — how the process went down, the challenges they faced and how Ampex intends to leverage this new opportunity.
June 30, 2021
The next normal
Joe Pulizzi, Stewart Kohl, Jeff Bechtel, and David Heller kick off the Cleveland Smart Business Dealmakers Conference discussing how they navigated their organizations through the pandemic, their thoughts on the current and future state of deal flow, and best practices in M&A.
June 4, 2021
Murad Beg on how the deal market is shaping up for sellers
Murad Beg, a partner at Provariant Equity Partners, offers his sense of the deal market and the factors driving deal value, and has some advice for those who are considering a sale.
May 21, 2021
Beth Haas on the factors that make 2021 a sellers’ market
Cyprium Partners Beth Haas spoke on the Smart Business Dealmakers Podcast about the state of the M&A market, highlighting what she sees as good for sellers and what factors could dampen deal strength or activity.
May 6, 2021
Greg Skoda: SPACs 101
Marcum LLC's Greg Skoda offers a lesson in SPAC fundamentals — what they are, why they’re so insanely popular right now, and what sellers and investors should know about them before getting involved.
April 23, 2021
Post-COVID capital trends to watch
As buyers and sellers look to transact, Mark Guterman, managing director of loan syndications for First National Bank, and Martin McCormick, managing director and head of FNB Mezzanine Finance for F.N.B. Corporation are seeing capital trends starting to take shape.
March 25, 2021
Gary Schuster’s soft-side transaction preparedness checklist
Gary Schuster, president and CEO of OMCO, offers advice for companies and business owners trying to get their business in shape ahead of a process.
