2020 M&A Year In Review
As 2019 ended, the M&A markets in the DSO markets were white hot. Every deal that we took to market enjoyed multiple bids and our clients were continually awarded extremely lucrative valuations for their businesses. The buy-side was voracious: there were more buyers than ever and new ones appearing every day willing to pay more and more to enter the DSO space. The debt markets were strong, the money was cheap, and lenders were clamoring for deals. It was truly a sellers’ market and the valuations kept creeping higher and higher.
Internally, our plan was to scale the business as we were picking up more and more mandates on the sell-side and saw an ever-deepening pool of investors and buyers.
“Everyone has a plan until they get punched in the mouth”