First, please keep those notes coming; I enjoy hearing from people who read this blog and claim to get some benefit.
Second, in case you missed it, the capital markets are in a complete and total tizzy, and while your guess is as good as mine, I think it portends bad things. Having said that, the M&A business continues to have pockets of strength and the common element when successful, whether advising the buyer or the seller, is having market-based valuation expectations. We have had discussions with 2 forum prospects, both want to hire us for additional services. Both in the ERP space, same primary vendor, both near $10m in revenue, one wanting around $8m which is achievable, the other near $15m, which I suspect is drug induced. Guess which one we are going to try and go market?
Third, we are advising a sub-$5m infrastructure services company who has received indications of interest from online forum buyers. We expect to announce our first closing, shortly. Hmm, I think we may be onto something.
Happy selling.
marty