ClearRidge Report: Mergers & Acquisitions for Third Quarter 2013 and Outlook through Spring 2014 - for The Journal Record

We are in the final quarter of 2013 and it’s time to review deal activity for the year to date, and our outlook through Spring 2014. We’ll also provide insights into the most active sectors that drive M&A Activity in our region.

In the report, we highlight the following eight industries that comprise the majority of our current engagements:
i. Aerospace & Defense
ii. Aircraft Parts, Maintenance, Repair and Overhaul
iii. Chemicals
iv. Construction & Engineering
v. Energy: Oil & Gas
vi. Healthcare
vii. Industrial Manufacturing
viii. Transportation, Logistics, Distribution

Click through for full report on The Journal Record's website:
http://journalrecord.com/2013/11/15/mergers-acquisitions-for-third-quarter-2013-and-outlook-through-spring-2014/

Matthew is a Certified Merger and Acquisition Advisor and a federal and state registered investment banking agent. Matthew co-founded ClearRidge and has a range of banking experience from London, England. Prior to moving to the US, Matthew managed the derivatives trading division of a boutique investment banking, fund management and securities firm in London. Business ventures also took him from his native England to Paris, France working for Group Bull, a leading European information technology company. Matthew’s last deal in England was with his wife, Lindsey, a Tulsa girl, who wanted to move back home. Matthew holds Series 62, 63 and 79 securities licenses and is a registered investment banking agent with M&A Securities Group, Inc., member FINRA/SiPC. Matthew earned a Double Honors Degree in Management Economics and French from the University of Leeds, England. Matthew was elected to a three-year term as a Trustee of First Presbyterian Church in Tulsa, is a board member of the Oklahoma Chapter of the Entrepreneurs' Organization, the Rotary Club of Tulsa and is Chair of Rotary's Committee for the Veterans' Entrepreneurship Program through Oklahoma State University's School of Entrepreneurship. Matthew also writes a weekly column on Corporate Finance for the Journal Record, Oklahoma's statewide daily business newspaper. Matthew enjoys sailing, running, skiing, cycling, motor racing and most of all spending time with his family. He represented Great Britain in three Sailing World Championships in the 5o5 class. For further information, visit www.clearridgecapital.com or www.matthewbristowtulsa.com. All rights reserved. Copyright: ClearRidge, LLC, 2013.

Business Owners and Obamacare on October 1 – Constraints and Hiring Changes

Implementation of Obamacare is just around the corner.  October 1, 2013 looms as an important date for the birth of government backed Obamacare exchanges. This articles considers some of the implications of the changing healthcare laws for business owners, employees and our workplace culture. Follow the link to ClearRidge's blog at The Journal Record:
http://journalrecord.com/2013/09/27/255536/

Matthew is a Certified Merger and Acquisition Advisor and a federal and state registered investment banking agent. Matthew co-founded ClearRidge and has a range of banking experience from London, England. Prior to moving to the US, Matthew managed the derivatives trading division of a boutique investment banking, fund management and securities firm in London. Business ventures also took him from his native England to Paris, France working for Group Bull, a leading European information technology company. Matthew’s last deal in England was with his wife, Lindsey, a Tulsa girl, who wanted to move back home. Matthew holds Series 62, 63 and 79 securities licenses and is a registered investment banking agent with M&A Securities Group, Inc., member FINRA/SiPC. Matthew earned a Double Honors Degree in Management Economics and French from the University of Leeds, England. Matthew was elected to a three-year term as a Trustee of First Presbyterian Church in Tulsa, is a board member of the Oklahoma Chapter of the Entrepreneurs' Organization, the Rotary Club of Tulsa and is Chair of Rotary's Committee for the Veterans' Entrepreneurship Program through Oklahoma State University's School of Entrepreneurship. Matthew also writes a weekly column on Corporate Finance for the Journal Record, Oklahoma's statewide daily business newspaper. Matthew enjoys sailing, running, skiing, cycling, motor racing and most of all spending time with his family. He represented Great Britain in three Sailing World Championships in the 5o5 class. For further information, visit www.clearridgecapital.com or www.matthewbristowtulsa.com. All rights reserved. Copyright: ClearRidge, LLC, 2013.

ClearRidge Report: Mergers & Acquisitions for first half of 2013 and outlook for remainder of 2013

We are over halfway through 2013 and it is time to review deal activity for the year to date, provide our outlook for the rest of this year, along with insights into the most active sectors that drive M&A Activity in Oklahoma.

In this report, we highlight the following eight industries:
i. Aerospace & Defense
ii. Aircraft Parts, Maintenance, Repair and Overhaul
iii. Chemicals
iv. Construction & Engineering
v. Energy: Oil & Gas
vi. Healthcare
vii. Industrial Manufacturing
viii. Transportation, Logistics, Distribution

http://journalrecord.com/2013/08/08/blog-clearridge-report-mergers-acquisitions-for-first-half-of-2013-and-outlook-for-remainder-of-2013/

Matthew is a Certified Merger and Acquisition Advisor and a federal and state registered investment banking agent. Matthew co-founded ClearRidge and has a range of banking experience from London, England. Prior to moving to the US, Matthew managed the derivatives trading division of a boutique investment banking, fund management and securities firm in London. Business ventures also took him from his native England to Paris, France working for Group Bull, a leading European information technology company. Matthew’s last deal in England was with his wife, Lindsey, a Tulsa girl, who wanted to move back home. Matthew holds Series 62, 63 and 79 securities licenses and is a registered investment banking agent with M&A Securities Group, Inc., member FINRA/SiPC. Matthew earned a Double Honors Degree in Management Economics and French from the University of Leeds, England. Matthew was elected to a three-year term as a Trustee of First Presbyterian Church in Tulsa, is a board member of the Oklahoma Chapter of the Entrepreneurs' Organization, the Rotary Club of Tulsa and is Chair of Rotary's Committee for the Veterans' Entrepreneurship Program through Oklahoma State University's School of Entrepreneurship. Matthew also writes a weekly column on Corporate Finance for the Journal Record, Oklahoma's statewide daily business newspaper. Matthew enjoys sailing, running, skiing, cycling, motor racing and most of all spending time with his family. He represented Great Britain in three Sailing World Championships in the 5o5 class. For further information, visit www.clearridgecapital.com or www.matthewbristowtulsa.com. All rights reserved. Copyright: ClearRidge, LLC, 2013.

Uncovering Misleading Government Economic Statistics – an alternative reality.

Latest ClearRidge Corporate Finance blog for The Journal Record.

There appears to be an increasing distortion of economic data by the government to present an alternative reality of the current state of the economy. In particular, this blog discusses the massaging of inflation, GDP, unemployment and U.S. deficit statistics.

Click through to read the blog:
http://journalrecord.com/2013/07/19/blog-uncovering-misleading-government-economic-statistics-an-alternative-reality/

Matthew is a Certified Merger and Acquisition Advisor and a federal and state registered investment banking agent. Matthew co-founded ClearRidge and has a range of banking experience from London, England. Prior to moving to the US, Matthew managed the derivatives trading division of a boutique investment banking, fund management and securities firm in London. Business ventures also took him from his native England to Paris, France working for Group Bull, a leading European information technology company. Matthew’s last deal in England was with his wife, Lindsey, a Tulsa girl, who wanted to move back home. Matthew holds Series 62, 63 and 79 securities licenses and is a registered investment banking agent with M&A Securities Group, Inc., member FINRA/SiPC. Matthew earned a Double Honors Degree in Management Economics and French from the University of Leeds, England. Matthew was elected to a three-year term as a Trustee of First Presbyterian Church in Tulsa, is a board member of the Oklahoma Chapter of the Entrepreneurs' Organization, the Rotary Club of Tulsa and is Chair of Rotary's Committee for the Veterans' Entrepreneurship Program through Oklahoma State University's School of Entrepreneurship. Matthew also writes a weekly column on Corporate Finance for the Journal Record, Oklahoma's statewide daily business newspaper. Matthew enjoys sailing, running, skiing, cycling, motor racing and most of all spending time with his family. He represented Great Britain in three Sailing World Championships in the 5o5 class. For further information, visit www.clearridgecapital.com or www.matthewbristowtulsa.com. All rights reserved. Copyright: ClearRidge, LLC, 2013.

How long does a Private Equity Group wait before selling your Company again?

Most people think of a private equity holding period as between 3 and 5 years, which could cause a significant and legitimate concern among business owners. However, there is no hard rule to apply to this asset class and to make a determination whether or not to consider a PEG as a prospective buyer based upon the median hold period, would be to make a one-dimensional decision. The reality is that while the current median hold period is almost 6 years (and increasing), there are hundreds of groups at either end of the scale that can be a …. Click through for the full article >>>

http://journalrecord.com/2013/06/18/how-long-does-a-private-equity-group-wait-before-selling-your-company-again/

Matthew is a Certified Merger and Acquisition Advisor and a federal and state registered investment banking agent. Matthew co-founded ClearRidge and has a range of banking experience from London, England. Prior to moving to the US, Matthew managed the derivatives trading division of a boutique investment banking, fund management and securities firm in London. Business ventures also took him from his native England to Paris, France working for Group Bull, a leading European information technology company. Matthew’s last deal in England was with his wife, Lindsey, a Tulsa girl, who wanted to move back home. Matthew holds Series 62, 63 and 79 securities licenses and is a registered investment banking agent with M&A Securities Group, Inc., member FINRA/SiPC. Matthew earned a Double Honors Degree in Management Economics and French from the University of Leeds, England. Matthew was elected to a three-year term as a Trustee of First Presbyterian Church in Tulsa, is a board member of the Oklahoma Chapter of the Entrepreneurs' Organization, the Rotary Club of Tulsa and is Chair of Rotary's Committee for the Veterans' Entrepreneurship Program through Oklahoma State University's School of Entrepreneurship. Matthew also writes a weekly column on Corporate Finance for the Journal Record, Oklahoma's statewide daily business newspaper. Matthew enjoys sailing, running, skiing, cycling, motor racing and most of all spending time with his family. He represented Great Britain in three Sailing World Championships in the 5o5 class. For further information, visit www.clearridgecapital.com or www.matthewbristowtulsa.com. All rights reserved. Copyright: ClearRidge, LLC, 2013.

Acquisition Synergies: How Much Should a Buyer Pay a Seller for Synergies of two Merged Businesses?

This is an interesting question and the answer has certainly changed over the years. Whereas synergies may have previously been credited almost entirely to a buyer’s benefit, the recent trend has been for buyers to pay an increasing premium to sellers for some of the shared future synergies. In most strategic deals, there is now more… Click through for ClearRidge Corporate Finance Blog at The Journal Record >>>

http://journalrecord.com/2013/04/23/blog-acquisition-synergies-how-much-should-a-buyer-pay-a-seller-for-synergies-of-two-merged-businesses/

Matthew is a Certified Merger and Acquisition Advisor and a federal and state registered investment banking agent. Matthew co-founded ClearRidge with Bruce and has a range of banking experience from London, England. Prior to moving to the US, Matthew managed the derivatives trading division of a boutique investment banking, fund management and securities firm in London. Business ventures also took him from his native England to Paris, France working for Group Bull, a leading European information technology company. Matthew’s last deal in England was with his wife, Lindsey, a Tulsa girl, who wanted to move back home. Matthew holds Series 62, 63 and 79 securities licenses and is a registered investment banking agent with Burch & Company, Inc., member FINRA/SiPC. Matthew earned a Double Honors Degree in Management Economics and French from the University of Leeds, England. Matthew was recently elected to a three-year term as a Trustee of First Presbyterian Church in Tulsa, is a member of the Oklahoma Chapter of the Entrepreneurs' Organization, the Rotary Club of Tulsa and is Chair of Rotary's Committee for the Veterans' Entrepreneurship Program through Oklahoma State University's School of Entrepreneurship. Matthew also writes a weekly column on Corporate Finance for the Journal Record, Oklahoma's statewide daily business newspaper. Matthew enjoys sailing, running, skiing, cycling, motor racing and most of all spending time with his family. He represented Great Britain in three Sailing World Championships in the 5o5 class. For further information, visit www.clearridgecapital.com or www.matthewbristowtulsa.com. All rights reserved. Copyright: ClearRidge Capital, LLC, 2013.

Stock Buybacks at Unprecedented Levels – Good, Bad or Ugly?

U.S. Public companies are giving cash back to investors at unprecedented levels. Companies in the S&P 500 index are expected to pay at least $300 billion in dividends in 2013, according to S&P Dow Jones Indices, which would top last year's $282 billion. Is it a good thing? Does it help or hinder economic recovery? Help or hinder the business?

Click through for the full article:
http://journalrecord.com/2013/03/14/stock-buybacks-at-unprecedented-levels-good-bad-or-ugly/


Matthew is a Certified Merger and Acquisition Advisor and a federal and state registered investment banking agent. Matthew co-founded ClearRidge with Bruce and has a range of banking experience from London, England. Prior to moving to the US, Matthew managed the derivatives trading division of a boutique investment banking, fund management and securities firm in London. Business ventures also took him from his native England to Paris, France working for Group Bull, a leading European information technology company. Matthew’s last deal in England was with his wife, Lindsey, a Tulsa girl, who wanted to move back home. Matthew holds Series 62, 63 and 79 securities licenses and is a registered investment banking agent with Burch & Company, Inc., member FINRA/SiPC. Matthew earned a Double Honors Degree in Management Economics and French from the University of Leeds, England. Matthew was recently elected to a three-year term as a Trustee of First Presbyterian Church in Tulsa, is a member of the Oklahoma Chapter of the Entrepreneurs' Organization, the Rotary Club of Tulsa and is Chair of Rotary's Committee for the Veterans' Entrepreneurship Program through Oklahoma State University's School of Entrepreneurship. Matthew also writes a weekly column on Corporate Finance for the Journal Record, Oklahoma's statewide daily business newspaper. Matthew enjoys sailing, running, skiing, cycling, motor racing and most of all spending time with his family. He represented Great Britain in three Sailing World Championships in the 5o5 class. For further information, visit www.clearridgecapital.com or www.matthewbristowtulsa.com. All rights reserved. Copyright: ClearRidge Capital, LLC, 2013.

Industrial Manufacturing M&A: Valuations strong. Volumes flat. Strategic investors dominating.

PricewaterhouseCoopers recently released their fourth quarter survey of industrial manufacturing activity for deals over $50 million. Valuations remain strong, volumes are relatively flat and strategic investors are dominating deal making in the industrial manufacturing space. Click through for an overview of Q4 2012 and outlook for Q1 2013 >>>

http://journalrecord.com/2013/02/25/industrial-manufacturing-ma-valuations-strong-volumes-flat-strategic-investors-dominating/

Matthew is a Certified Merger and Acquisition Advisor and a federal and state registered investment banking agent. Matthew co-founded ClearRidge with Bruce and has a range of banking experience from London, England. Prior to moving to the US, Matthew managed the derivatives trading division of a boutique investment banking, fund management and securities firm in London. Business ventures also took him from his native England to Paris, France working for Group Bull, a leading European information technology company. Matthew’s last deal in England was with his wife, Lindsey, a Tulsa girl, who wanted to move back home. Matthew holds Series 62, 63 and 79 securities licenses and is a registered investment banking agent with Burch & Company, Inc., member FINRA/SiPC. Matthew earned a Double Honors Degree in Management Economics and French from the University of Leeds, England. Matthew was recently elected to a three-year term as a Trustee of First Presbyterian Church in Tulsa, is a member of the Oklahoma Chapter of the Entrepreneurs' Organization, the Rotary Club of Tulsa and is Chair of Rotary's Committee for the Veterans' Entrepreneurship Program through Oklahoma State University's School of Entrepreneurship. Matthew also writes a weekly column on Corporate Finance for the Journal Record, Oklahoma's statewide daily business newspaper. Matthew enjoys sailing, running, skiing, cycling, motor racing and most of all spending time with his family. He represented Great Britain in three Sailing World Championships in the 5o5 class. For further information, visit www.clearridgecapital.com or www.matthewbristowtulsa.com. All rights reserved. Copyright: ClearRidge Capital, LLC, 2013.

Is the Prospective Buyer of your Business Re-trading?

January 30, 2013 Mergers & Acquisitions The Journal Record Blog:

Re-trading is the fairly common practice of a buyer renegotiating the purchase price of a company after agreeing on price and terms. This article addresses the likely, causes and implications of a buyer attempting to re-trade.

http://journalrecord.com/2013/01/30/is-the-prospective-buyer-of-your-business-re-trading/


Matthew is a Certified Merger and Acquisition Advisor and a federal and state registered investment banking agent. Matthew co-founded ClearRidge with Bruce and has a range of banking experience from London, England. Prior to moving to the US, Matthew managed the derivatives trading division of a boutique investment banking, fund management and securities firm in London. Business ventures also took him from his native England to Paris, France working for Group Bull, a leading European information technology company. Matthew’s last deal in England was with his wife, Lindsey, a Tulsa girl, who wanted to move back home. Matthew holds Series 62, 63 and 79 securities licenses and is a registered investment banking agent with Burch & Company, Inc., member FINRA/SiPC. Matthew earned a Double Honors Degree in Management Economics and French from the University of Leeds, England. Matthew was recently elected to a three-year term as a Trustee of First Presbyterian Church in Tulsa, is a member of the Oklahoma Chapter of the Entrepreneurs' Organization, the Rotary Club of Tulsa and is Chair of Rotary's Committee for the Veterans' Entrepreneurship Program through Oklahoma State University's School of Entrepreneurship. Matthew also writes a weekly column on Corporate Finance for the Journal Record, Oklahoma's statewide daily business newspaper. Matthew enjoys sailing, running, skiing, cycling, motor racing and most of all spending time with his family. He represented Great Britain in three Sailing World Championships in the 5o5 class. For further information, visit www.clearridgecapital.com or www.matthewbristowtulsa.com. All rights reserved. Copyright: ClearRidge Capital, LLC, 2013.

ClearRidge Transaction Announcement:

Thacher Associates, the New York City investigative consulting firm was acquired by K2 Intelligence to expand Integrity Monitoring Model nationally and internationally. The Company was advised by Managing Directors of ClearRidge Capital, acting in their capacity as registered representatives of Burch & Company, Inc.

For more information, click through:
http://www.clearridgecapital.com/news/thacher-kroll-k2.htm


TULSA, OKLAHOMA – December 31, 2013 – ClearRidge Capital, an Oklahoma Investment Banking firm, announces the acquisition of Thacher Associates, the New York City investigative consulting firm by K2 Intelligence, the business investigative and intelligence firm founded by Jules and Jeremy Kroll. The Company was advised by Managing Directors of ClearRidge Capital, acting in their capacity as registered representatives of Burch & Company, Inc.

The combined firm will employ 120 professionals in New York, London, Madrid and Washington, DC.
In addition to providing due diligence, investigative/audit and loss prevention services to both private and public sector clients, Thacher Associates is recognized as the nation’s leading construction project integrity monitor. Thacher Associates’ President and CEO, Thomas D. (“Toby”) Thacher II, and Executive Vice President and Chief of Operations, Joseph A. DeLuca, built Thacher Associates in part by serving as integrity monitors on such high profile projects as the post 9/11 Ground Zero clean-up, the ongoing rebuilding of the World Trade Center, the construction of the new Yankee Stadium, The East Side Access and the Second Avenue subway lines, and the building of headquarters for such corporate giants as the Bank of America, AOL/Time Warner, I.A.C and The Canadian Imperial Bank of Commerce.

Both Thacher and DeLuca will continue in their present positions to lead Thacher Associates as it expands its innovative and cost saving monitoring models across the U.S. and internationally.

Thacher Associates was formed in 1996, after Thacher and DeLuca had achieved high acclaim for the unique Inspector General program they designed and implemented in 1990 to protect the New York City School Construction Authority’s $4.3 billion construction program.

Toby Thacher served as SCA’s first Vice President and Inspector General for from 1990 to 1996. In that capacity, Thacher made innovative use of criminal, civil and administrative law to combat fraud and build a community of independent private-sector inspectors general who work with contractors and vendors on site and in real time to prevent and detect fraud instead of the usual path of investigating it after the fact.

Terms of the transaction are not disclosed.

About ClearRidge Capital
ClearRidge provides Corporate Finance, Merger & Acquisition and Restructuring services for midsized companies. Principals of ClearRidge have completed M&A transactions, provided restructuring advice and secured new and replacement capital for midsized companies across the US and Canada. Advisory services are provided with a focus to maximize value for shareholders and ensure that the process is confidential, timely and professional. ClearRidge has worked with many of the leading private equity groups, banks, law firms, audit and accounting firms across the US. For further information, visit www.clearridgecapital.com.

About Burch & Co., Inc.
Licensed in all fifty states and registered with the Securities and Exchange Commission, FINRA and SIPC, Burch & Company, Inc. is a registered broker/dealer. For further information, visit www.burchco.com.


All rights reserved. Copyright: ClearRidge Capital, LLC, 2013.