The latest round of Paycheck Protection Program funding opened one month ago and already it has succeeded in making major improvements to the program’s implementation: For businesses with fewer than ten employees, the share of funding is up nearly 60%For businesses in rural communities, the share of funding is up nearly 30%The share of funding...
KAG Cements presence in Canada with acquisition. Mid-October 2020, American trucking and logistics company agrees to acquire an ally from the North. Kenan Advantage Group, from North Canton, Ohio has acquired Paul’s Hauling Ltd., from Winnipeg, Manitoba. Kegan Advantage Group is among the top trucking and logistics companies in the United States, while Paul’s Hauling...
Decisions being made in Congress since the COVID-19 outbreak have not prioritized the true needs of American small businesses and the people who work for them. In addition, the actions of most states’ governors and federal policymakers have been outright naïve and ignorant to the realities of how small businesses operate, leading to the collapse...
The business brokerage market currently weighs heavily in favor of business owners seeking to sell their business. There are too few quality businesses for sale to meet buyer demand. Businesses that sold in the 2nd half of 2020 were valued at higher multiples than at any other time in recent history. Interest rates remain at...
The business brokerage market currently weighs heavily in favor of business owners seeking to sell their business. There are too few quality businesses for sale to meet buyer demand. Businesses that sold in the 2nd half of 2020 were valued at higher multiples than at any other time in recent history. Interest rates remain at...
Mid-November 2020, two home healthcare giants announced that they would join forces. AccentCare Inc., a Dallas-based home health provider, and Season’s Hospice & Palliative Care, from Rosemount, Illinois, agreed to merge. Each of these providers is within the top 5 home healthcare companies in the country. This merger is set to redefine the post-acute care...
On December 1, 2020, Salesforce announced its plans to acquire Slack for $27.7B. Slack is a direct business messaging and group chat platform with intuitive and easy-to-use design. Salesforce CEO, Marc Benioff, said, “Together, Salesforce and Slack will shape the future of enterprise software and transform the way everyone works in the all-digital, work-from-anywhere world”....
This Christmas season Sunbelt Business Advisors is collaborating with the Slipka Foundation to help Sharing & Caring Hands of Minneapolis. December 7 through 18 bring your new or gently used coats and new hats, mittens, gloves, and warm socks. We have donation boxes at Sunbelt and will collect and deliver the donations to Sharing &...
Bloomberg’s recent article reveals surprising data for business owners considering selling: Despite the disruption of Covid-19 it is a seller’s marketRestaurants, gyms and other corona-sensitive businesses have suffered while other sectors have thrived during the pandemicThe businesses that are selling are going for a premium (6% premium according to the Bloomberg article and Bizbuysell)Sunbelt Business...
