Mike’s Take: The Arrival of Easier Times Has Been Delayed. Your Challenge Is to Profit in the Interim

By Michael Collins, Managing Principal, EquiNova

You could say this month’s newsletter is all about delayed gratification, as this theme shows up in many of the news headlines and behind-the-scenes trends that we’ve noticed over the past month. Normally, you’d equate summer’s heat with a slowdown in activity, and that’s what we’re seeing in homebuilding and remodeling. We’re also feeling heat in what is the most active M&A market that we’ve seen in years, topped off by The Home Depot’s $18.25 billion purchase of SRS Distribution. But even hot dealmaking also is an example of delayed gratification, as Home Depot shareholders will have to go without dividends until the acquisition starts paying off.

Welcome To EquiNova Capital

EquiNova Capital Partners LLC is the new company launched by Michael Collins and Walk Kurek following their years as Managing Directors of Building Industry Advisors. EquiNova invests private equity capital in middle-market companies and provides merger and acquisition advisory services.

We Can Answer Your Most Pressing M&A Questions

How do the most active buyers in today’s market value my company?
What parts of the business should I change to improve its valuation?
When is the right time to sell?

These are questions that are commonly asked by the owners of building products manufacturers and distributors. Our work in selling and raising capital for companies puts us in a unique position to help answer these important questions. Regardless of when you might decide to approach the market, please contact me to have a confidential discussion about your company and ways to maximize its value for the owners.

Michael Collins

mcollins@equinovacapital.com

Work 312-854-8036

Cell 312-282-5462