As part of our outdoor industry focus, Compass Advisors served as the sell-side transaction advisor to BRS & Co. in the sale of Evolv, a climbing and lifestyle shoe company headquartered in Los Angeles, California. Evolv was acquired by the Oberalp Group which owns Salewa, Dynafit, Pomoca, and Wild Country. The full press release is below. Congratulations to both of these companies, and we wish them the best as they climb to new heights together!
In 2013, The Internal Revenue Service went after FedEx in a big way. The IRS claimed that the individuals who apparently owned and operated a FedEx Ground route were actually employees of FedEx and not independent contractors as FedEx claimed. If the IRS had won this battle, it would have cost FedEx many millions of dollars, not only in back taxes, but also...
Your first question may be, “Just what is my Corporate Social Responsibility (CSR)?”
Many entrepreneurs believe that the only role of a M&A Advisor is to find buyers for their companies. However, this is only half of the story. M&A Advisors do a lot more than simply locate buyers. Here are just a few of the valuable services they provide to sellers:
When it comes to tax time, privately held companies want to show as little profit as possible. However, when it's time to borrow money or sell the business, they want to show just the opposite. Lenders and prospective acquirers want to see a strong bottom line.
Crunching numbers from financial statements should be enough to provide a realistic picture of what a company is worth, right? The data says no! Market research and our experience in the M&A market indicates that a company's value is based on the financial performance and the company's specific risk factors.
Selling a business is something most owners only do once in their lifetime. Make sure you sell yours successfully by avoiding these four common mistakes.
The 2017 SHOT Show has come and gone, and with almost 65,000 attendees, it was the second most attended show ever! Just over 20% of the exhibitors at the show were new this year, and to say that there has been tremendous growth in the industry is an understatement.
Selling a Business - By the Numbers
1 - The number of times most people will sell a business in their lifetime.
2016 was a year of changes. We launched our new sister company, Fortis Group, specifically to provide small business with the same expertise and care that the middle market demands. We had some team transitions, helping us to expand our capacity to serve clients.