Displaying items tagged: Association for Corporate Growth

The M&A market that slowed in the first half of 2020 with the onset of the COVID-19 pandemic should rebound well over the next 12 months as deals that got put on hold go forward, according to a midyear survey by law firm Dykema Gossett PLLC.

After announcing Michigan’s first two presumptive positive cases of COVID-19 on March 10, Gov. Gretchen Whitmer’s administration released a series of “community mitigation strategies” that span the state’s economy and population to prevent the spread of the virus.

Craig Hecker had thought about his eventual departure from his family business for a decade or more. A few years before he sold, he began preparing. He spent time “making sure everything was up to date and in good shape,” and even paid off the company’s debt.

One West Michigan adviser hopes to channel the cultural shift toward localism into corporate succession planning by helping business owners preserve local ownership of their companies after an exit.

Businesses confronted with the risk of cybersecurity attacks need to avoid falling into the mindset that “it can’t happen to us.” 

Attorneys working in the field of M&A like to say that there’s a story behind every transaction. That notion was on full display at last night’s MiBiz M&A Deals and Dealmakers of the Year Awards held at the Studio D2D in Grand Rapids. A common theme among the winners and finalists was a desire to preserve the culture of a company created by the sellers, even as the firm went through the transaction process.