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Calder Capital, an M&A advisory firm headquartered in Grand Rapids, Michigan, which is about 150 miles northwest of Detroit and not far from Lake Michigan, provided this 3Q 2024 valuation update for smaller M&A deals. You may read more context and details from the link it provides to its complete article, but below are a few relevant points. $1–5 million Enterprise Value range: * Average EBITDA multiples of 3.2x–4.1x * Typical deals involve buyer #equity (10–20%), senior #debt (50–60%), and seller financing or earnouts (10–20%) to bridge valuation gaps and align incentives $5–10 million Enterprise Value range: * GF Data reports average #EBITDA multiples for this range at 5.3x since 2018 * Typical deals involve buyer equity (30–40%), senior debt (40–50%), and seller financing or earnouts (10–15%) to bridge #valuation gaps and align incentives #investmentbanking #businessbrokers

Food & Beverage is hot. From Crain's Chicago Business: “Snack-food giant Mondelēz International [formerly Kraft Foods] (Nasdaq: MDLZ)’s potential takeover of chocolate maker The Hershey Company (NYSE: HSY) would rank as the year’s top M&A deal.” Source link in the comments and here: https://lnkd.in/e4D2t6bP Chart: Bloomberg #chocolate #foodandbeverages #mergersandacquisitions

Are you, your #business, or your employer still shackled and dependent on Microsoft’s software, operating system, and online products/services, including email/Outlook? Take note: • The most important word in technology is “redundancy.” Yes, we know LinkedIn is owned by Microsoft, but we have our own website and blog for...wait for it...redundancy! That said, and with Microsoft’s most recent global outage (the last one was two months ago, in September), CounterIt provides quality alternatives for an operating system (OS), email client, and office applications. You’re welcome. Oh, and, Happy Thanksgiving! #Linux #opensource #BetterBirdEmailClient #technology #LibreOffice https://lnkd.in/e6ejHFtj

Home price to income ratio infographic, as of June 2024, created by Visual Capitalist and shared by Zero Hedge. ____ Sources: (1) https://lnkd.in/gcCGPzKf (2) https://lnkd.in/gSreCRTf

As we type this post, Dollar General (ticker: DG) is trading sharply lower at $89/share, down $35/share, or about 28%, from yesterday’s close. Why? Well, the CEO said this: "While we believe the softer sales trends are partially attributable to a core customer who feels financially constrained, we know the importance of controlling what we can control. With the evolving retail and consumer landscape in mind, we are taking decisive action to further enhance our value and convenience offering, as well as the in-store experience for our associates and customers." ____ * Source link in comments. #EconomicConditions #Retail #Consumers #CapitalMarkets #business

Isn’t Rite Aid (formerly NYSE: RAD) one of those pharmacies that Coventry League wrote about doling out Opioids like Halloween Candy? • 2022: Coventry League signaled that several companies, including Rite Aid, would feel pain for their involvement in the national Opioid Crisis (see comments for link) in a post titled, “Ohio’s Trumbull County Holds The Line Against Prescription Opioids Pharmacies” : “80 million prescription opioids pills were doled-out between 2012 and 2016 in just Trumbull County, which has a total population of under 200,000.” • 2023: Rite Aid files bankruptcy • 2024: Rite Aid closes all stores in Ohio. Source links in comments. #pharmacies #bankruptcy #MergersAcquisitionsDivestitures #legal #drugs

B. Riley Financial (RILY), a meme stock not long ago, is in trouble, big time. * Has $300 million of equity capital as of Q1...but is expected to book a net loss for Q2 of as much as $475 million, or about $15/share. [You can’t make this stuff up!] Source in comments. #stocks #trading #memeStocks #financials #valuation

For those local to Northeast Ohio: The 2nd Mosquito Lake Beach Bash should be a fun four hours this Saturday. The first one was packed with people (bring your own lawn chairs). • Date/Time: Saturday, Aug. 10; 5pm- 9pm • Live Music: by a local band, “Before Closing.” • Food Trucks: -- Draft Horse -- Hungry Vibes -- Sip and Serve -- Rollin' Up Hand Rolled Ice Cream -- Mijavecs • Address: 1439 State Route 305, Cortland, OH

The global problems caused by that controversial cybersecurity technology company (CrowdStrike¹) fortunately didn’t affect users of #MacOS or #Linux...or users of older #Windows systems. Our main operating system (OS) here at Coventry League Capital Partners is a Linux OS distribution. It provides better #cybersecurity protection for us and #clients. https://lnkd.in/dat3TbXh ___ ¹ CrowdStrike (Nasdaq: CRWD). Based in Austin, Texas. #technology #software #business

We plan to engage is some arbitrage by stocking up on more postal stamps before July 14: • The USPS announced that it will increase the price of a stamp by 7.4% -- from $.68 to $.73 on 14 July 2024. • That’s a 46% increase from the price of $.50 in 2018. So, it’s increased (compounded annually) at a rate of 6.5%. https://lnkd.in/ezYUR_jG #stamps #postage #prices #letters #business