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West Monroe Expands Leadership Team, Promotes 8 Partners in Response to Continued Firm Growth prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
Trinity Hunt continues rapid acquisition pace with new deal - Dallas Business Journal bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.
Manufacturers hunt for deals amid pandemic wreckage The COVID-19 pandemic has been a disaster for many U.S. manufacturers, but it is also creating acquisition opportunities. Cary Wood, chief executive of Grede Holdings LLC, saw business plunge 90% earlier this year as the auto plants and heavy equipment producers that use his metal parts shut down, followed by a bumpy recovery. But he’s upbeat these days and, in the last two months, he’s opened negotiations aimed at acquiring seven smaller foundries. “I can wait out the cycle,” Wood said, “but many of these guys can’t.” Grede, carved out of publicly traded American Axle & Manufacturing Holdings Inc last year, is backed by a private equity firm and was already hunting for acquisitions before the crisis hit. But Wood said the rate of deal talks is far higher than a year ago, when he was running the foundry company that merged with Grede as part of the buyout. And it is similar to a wave of restructuring ....
Last month s presidential election is also a factor for some companies, he said, noting that one of the companies he s talking to is family owned and is concerned about potential tax changes under Democrat Joe Biden s incoming administration., , manufacturers, economic downturn, COVID-19 Pandemic ....
Manufacturers hunt for deals amid pandemic wreckage - Netscape Money & Business netscape.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from netscape.com Daily Mail and Mail on Sunday newspapers.