Third Annual Survey Finds Record Levels of Interest in M&A from Leaders of Privately Held Companies
October 09 2017 - 2:54PM
Business Wire
Ninety Five Percent of Business Leaders are Interested in
M&A and are Optimistic on the Prospects for Their
Businesses
Harris Williams & Co., a preeminent middle market investment
bank focused on the advisory needs of clients worldwide for more
than 25 years, releases proprietary M&A research
conducted as part of an exclusive partnership with Inc., the only
major media brand dedicated exclusively to owners and managers of
growing private companies. This is the third year Harris Williams
& Co. and Inc. have partnered to conduct research among
business leaders. The study, fielded by Inc. and Harris Williams
& Co., surveyed more than 400 CEOs and senior business leaders
of privately held, high growth companies, including those that have
been recognized on the Inc. 5000 lists.
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Harris Williams & Co. and Inc.
surveyed business leaders - this is what they had to say. (Graphic:
Business Wire)
The research provides insight into middle market companies
across a wide range of industries about near-term plans for M&A
and perceptions of the prospects for their businesses under the
Trump administration. The results show that 95 percent of survey
respondents are interested in M&A over the next three years, a
three-year upward trajectory in comparison to 81 percent in 2015. A
65 percent majority said they were interested in acquiring other
companies, up significantly from 38 percent in 2015. In addition,
52 percent said they would consider selling and 36 percent would
consider a merger.
The study was conducted following the first 100 days of the
Donald Trump presidency. Half of the respondents said the Trump
administration will have a positive impact on their businesses,
while 18 percent believed it will be negative and 20 percent
expressed uncertainty. Amid the spectrum of opinions, there was
consistency in the issues that they believe need to be addressed;
71 percent of respondents identified tax reform as the top issue in
relation to their businesses. Despite varied political viewpoints,
76 percent of business leaders identified themselves as either
optimistic or very optimistic about the prospects for their
businesses this year. Further, 83 percent said they are performing
either at or above budget with 39 percent saying they have exceeded
their revenue targets.
“Business leaders are optimistic about their companies and are
exploring near-term M&A opportunities. Strong market
fundamentals paired with the high levels of business optimism
suggest continued strength in the M&A environment,” said Mike
Wilkins, a managing director at Harris Williams & Co. “Our
relationships with privately held, fast growing companies allow us
to stay ahead of trends and be a valuable thought partner to
business leaders and management teams throughout their business’
life cycle.”
Please click here to review the full white paper
analyzing the research results, which is published on Harris
Williams & Co.’s website.
Harris Williams & Co. (www.harriswilliams.com), a subsidiary
of the PNC Financial Services Group, Inc. (NYSE:PNC), is a
preeminent middle market investment bank focused on the advisory
needs of clients worldwide. The firm has deep industry knowledge,
global transaction expertise, and an unwavering commitment to
excellence. Harris Williams & Co. provides sell-side and
acquisition advisory, restructuring advisory, board advisory,
private placements, and capital markets advisory services.
Investment banking services are provided by Harris Williams LLC,
a registered broker-dealer and member of FINRA and SIPC, and Harris
Williams & Co. Ltd, which is a private limited company
incorporated under English law with its registered office at 5th
Floor, 6 St. Andrew Street, London EC4A 3AE, UK, registered with
the Registrar of Companies for England and Wales (registration
number 7078852). Harris Williams & Co. Ltd is authorized and
regulated by the Financial Conduct Authority. Harris Williams &
Co. is a trade name under which Harris Williams LLC and Harris
Williams & Co. Ltd conduct business.
For media inquiries, please contact Katie Langemeier, associate
brand manager, at +1 (804) 648-0072.
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version on businesswire.com: http://www.businesswire.com/news/home/20171009005944/en/
Harris Williams & Co.Katie Langemeier, associate brand
manager+1 804-648-0072
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