Fast-Growing M&A Firm Calder Capital Crushes 20th Closing of 2020
Calder Capital has successfully closed 20 transactions through July 2020. The team did not hit #20 until mid-November last year. Calder is anticipating another record-breaking year.
"We did not achieve 20 closings until mid-November last year. We only need three more closings to beat our record," highlighted Calder Managing Partner, Max Friar. "I am very confident we will get there. We are more focused than we've ever been. Certainly, there are obstacles in our way but by combining creativity with old fashioned hard work we won't be stopped. As I said back in May, there is no waiting. We are going. There is no back to normal. This is it. Business owners want and need to transition and we are more prepared every day to make that transition as positive as possible for them."
Friar continued, "I find it very interesting the mix and timing of certain transactions. For example, we closed on three restaurant transactions since March 31. To many, that might seem counter-intuitive, however, the restaurants we sold were quick to adapt to selling during shelter-in-place orders and thrived during the pandemic by focusing heavily on mobile ordering, takeout, and delivery."
"We have also seen a number of additional manufacturing closings occur, which has traditionally been our bread and butter. At 35% of all closings, manufacturing is still down versus previous years but it's inching back up." For a complete list of 2020's closings, please visit here.
Overall, from an industry standpoint, the breakdown of deals has been as follows:
Consistent with national trends, Calder is experiencing a pullback by new sellers while buyer inquiries are at multi-year highs. "Buyers are very aggressively pursuing businesses that are pandemic-resistant,"