I hope you are keeping safe and staying healthy.
Our Generational team has been closely monitoring the impact of the current crisis on businesses. Many companies across a number of industries are deeply affected and finding it challenging to maintain their business operations. However, the good news is that in many parts of the country, and in many industry sectors, the economy is beginning to open up. We pray that this continues with great success and positively impacts your business!
At the end of April, our firm reached a significant milestone when we completed our 900th transaction! You can read more about this achievement here:
I think Brenen Hofstadter, our Chief M&A Officer, summed up the significance of the accomplishment best when he said:
“Closing our 900th transaction is a significant achievement in the M&A industry. What is really most rewarding for us is that each of these transactions represents a business owner and the financial legacy for their families, making this achievement even more significant.”
What I also find most remarkable is that our 900th completed transaction occurred on the last day of April, in the middle of the darkest days of our national pandemic event. Indeed, we were still doing deals despite the economic uncertainty that was impacting much of the nation at that time.
As mentioned above, now that the economy is really starting to revive in most geographic regions we believe, based on our research, that the latter half of 2020 will provide business owners who are prepared with a great opportunity to pursue their exit plans. Buyers will become even more active.
The key phrase in the paragraph above is business owners “who are prepared”. The really good news is that no matter what economic cycle we may be in, Generational is always here to assist with your journey as a business owner and help you create a successful exit strategy when the time comes. We are also here to be by your side, as your consulting partner, to help guide your business along the way during this recovery phase.
In closing, we wish you, your business, and your loved ones safety and good health during this time. In the midst of challenges there are always blessings and opportunities. This situation is no different. History shows us that this too shall pass, and that when it does, we will emerge stronger than before.
President & CEO, Generational Group
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