About Patrick Henry
Authored 7 articles.
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Optimistic Small Business Owners Plan Hiring Amid Expectations for More Sales and Capital Spending
News, April 08, 2012
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U.S. CEO Confidence Drops
News, August 05, 2011
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The Conference Board Leading Economic Index for Mexico Declines
News, July 29, 2011
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Straight Talk about M&As in A “Cup O Joe”
Features, June 13, 2011
We have a client right now that is a pretty good sized business—about $20 million to $40 million in revenue, very profitable. They have hired us to help them find a local company that has more capabilities because they will not only get in for less than if they bought new equipment, but they will also get the customers inherent with that.
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Pouring Another “Cup O Joe”: the Essentials of M&A Valuation
Features, May 23, 2011
Why do many industries use multiple-of-EBITDA to determine the value of companies? It’s because this method provides a good and relatively simple way to estimate cash flow. Multiple-of-EBITDA also is the best parameter for comparing one company’s financial condition with that of others in the industry. It removes distortions by adding back interest expense (which could be due to different capital structures) and depreciation (which could be a function of depreciation policies or write-offs).
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Devil in the Details: Issues and Answers in M&As
Features, May 09, 2011
A company may depend on a few accounts - or sometimes just one customer - for the largest share of its business. This kind of concentration, say NDP and MargolisBecker, can be a two-edged sword, especially when negotiating a multiple of EBITDA for sale of the company.
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Resolutions for the Merger & Acquisition Minded Executive
Features, March 13, 2011
As businesses close their books on another eventful year, say the M&A specialists at New Direction Partners, ‘tis the season to be thinking proactively about 2011 and forming clear plans for making the most of the strategic possibilities it will bring.