Private Equity Groups Desperate for Deals
OK,desperate is probably too strong a word, but many private equity groups are getting anxious about getting deals done. They have raised and now are sitting on their funds, but for the past two years have had a hard time finding good investments. Many now see this as a great time to buy. Read what they have to say...
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PrintThe best way to explain it is to have you read what a couple of private equity guys have written. Here are two letters I received in the last couple of days:
Ney,
I thought I would reach out to see if you had any opportunities you are either currently marketing or would be taking to market prior to the end of the year. Despite a really tough environment in the first half of 2009, we are seeing some owners considering a sale as the economy has leveled off and some owners have decided it might be several years before their businesses return to pre-financial meltdown levels.
We continue to look for opportunities where we can acquire and operate a service business with EBITDA in excess of $1 million. As a reminder, we tend to focus on businesses that cater to industrial markets and clients. Some examples of these would be:
- Environmental service firms
- Utility and pipeline services providers
- Recycling businesses
- Rail and intermodal service providers
- Equipment maintenance and refurbishing providers
- Testing, training, and monitoring firms
If you are aware of anything you think would be a fit, please do not hesitate to call or email.
Best regards,
Matt
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Ney
I hope all is well. It has been a few months since I last reached out to you, but I wanted to follow up to see if you are currently working any deals in the $1m - $5m EBITDA range that might be a good fit for our firm?
As discussed, we are actively seeking to acquire and operate a successful business with strong recurring revenue and potential for scalability. We are currently targeting the following sectors: Business Services, Business Process Outsourcing, Value-Added Distribution, Manufacturing, B2B Products, and Software as a Service. Thanks again.
Best Regards,
Todd
