Fourth Annual Survey Finds Businesses are Primed for Growth & Looking to Mergers & Acquisitions as a Key Workforce Developmen...
October 08 2018 - 3:30PM
Business Wire
Survey finds that business leaders are highly optimistic about
the future – and seeking creative solutions to a tight labor
market.
Harris Williams, 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 fourth year Harris Williams and Inc. have
partnered to conduct research among business leaders. The study,
fielded by Inc. and Harris Williams, 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.
The research provides insight into companies across a wide range
of industries about near-term plans for M&A and perceptions of
the prospects for their businesses. The results show that more than
nine in 10 say they were considering a transaction over the next
three years and seven in 10 say that M&A is more important
today than it has been in the recent past. Sixty percent said they
would consider making an acquisition, while 44 percent said they
would be interested in a sale.
With unemployment levels hovering around four percent, the stock
markets at or close to all-time highs, and the president delivering
on his promise of corporate tax cuts, levels of optimism among the
respondents were enormously high.
- Nearly nine in 10 business leaders (89
percent) say they are very optimistic or optimistic about business
prospects in 2018, up from 76 percent last year
- Ninety-six percent of those polled say
their sales are on the rise
- Nearly two-thirds (65 percent) say that
sales revenue will increase by 10 to 99 percent this year, while 14
percent expect sales growth to exceed 100 percent
- Twenty-nine percent anticipate more
than 100 percent sales growth over the next five years
“High-quality companies continue to grow. There’s room to run
and no reason to believe that’s going to stop and go the other way
in the near term,” notes Jason Bass, a managing director at Harris
Williams.
Please click here to review the full white paper
analyzing the research results, which is published on Harris
Williams’ website.
Harris Williams (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 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 07078852). Harris Williams & Co. Ltd is authorized and
regulated by the Financial Conduct Authority. Harris Williams 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: https://www.businesswire.com/news/home/20181008005728/en/
Harris Williams & Co.Katie Langemeier, associate brand
manager+1 804-648-0072
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