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.

First Wave MRO, Inc. enters into Agreement to sell its assets to a newly-formed entity, owned by Tray Siegfried and Jon Werthen

December 17, 2012. First Wave MRO, Inc. Tulsa-based Aerospace Executives, Tray Siegfried and Jon Werthen, acquired substantially all the assets of First Wave MRO and First Wave Interiors.

First Wave was advised by ClearRidge Capital.

Founded in 1992, First Wave’s core focus is the composite and bonded structure overhaul of engine nacelle system and thrust reversers. The company has a strong reputation for quality, an exceptional FAA compliance history and aerospace certifications including FAA, EASA, CAAC, DCA Thailand, AS9100 and ISO 9000.

http://www.tulsaworld.com/business/article.aspx?subjectid=45&articleid=20121218_45_E1_CUTLIN209132

ClearRidge Capital, an Investment Banking firm in Tulsa, Oklahoma.
www.ClearRidgeCapital.com

Baby Boomers and Their Businesses – Implications for Mergers & Acquisitions in 2013 and Beyond.

Baby Boomers and Their Businesses – Implications for Mergers & Acquisitions in 2013 and Beyond.

The U.S. economy is at a critical intersection. Privately-held businesses have long been the driving force of the economy, and are now in a period of transition that has been building up for the last 50 years. Baby boomers own an unprecedented number of businesses and hold an unprecedented proportion of U.S. private wealth. Having propelled the booming U.S. economy since the early 1990s, baby boomers have now reached their peak in the consumer spending cycle.

What impact will this have on the economy, business risk and business transition?

Click through for full article ...
http://www.clearridgecapital.com/news/babyboomersbusiness.htm

By Matthew Bristow, Managing Director of ClearRidge Capital, an Investment Banking firm in Tulsa, Oklahoma. www.ClearRidgeCapital.com

Private Equity – Raising the Money behind the Funds

Private Equity – Raising the Money behind the Funds

According to Preqin, an independent data provider for the alternative assets industry, fundraising efforts for new capital among private equity groups has remained intense in the last couple of quarters. Q3 may have had fewer successful fundraising closes than Q2, but still well ahead of Q3 2011.

1,918 private equity funds are currently in market (i.e. have funds open for fundraising), targeting a collective ... Click through for full article:
http://journalrecord.com/2012/11/29/private-equity-raising-the-money-behind-the-funds/

By Matthew Bristow, Managing Director of ClearRidge Capital, an Investment Banking firm in Tulsa, Oklahoma. www.ClearRidgeCapital.com

Q3 2012 Manufacturing Performance and Acquisition Activity

[mergers acquisitions] Q3 2012 Manufacturing Performance and Acquisition Activity. New blog at The Journal Record.

Despite the recent slowdown in U.S. manufacturing, acquisition deal activity accelerated in the third quarter of 2012, in terms of both the number and value of acquisitions announced. When compared with the third quarter of 2011, ... [click through to read full article]
http://journalrecord.com/2012/11/16/mergers-acquisitions-q3-2012-manufacturing-performance-and-acquisition-activity/

By Matthew Bristow, Managing Director of ClearRidge Capital, an Investment Banking firm in Tulsa, Oklahoma. www.ClearRidgeCapital.com

TULSA, OKLAHOMA - October 29, 2012. ClearRidge Capital, an Oklahoma Investment Banking firm, announces Pipeline Supply & Service’s acquisition of substantially all the assets of Allied Industrial, Inc. Allied Industrial Supply was advised by ClearRidge Capital.

Founded in Oklahoma in 1978, Allied Industrial Supply is an Oklahoma distributor of commercial and industrial tools, supplies and equipment. The Company serves large corporate customers that provide services to downstream oil and gas companies, providing a superior service and more efficient purchasing process for major construction, turnaround or rehabilitation projects.

Allied Industrial carries high-quality, brand-name “Made in U.S.A.” products. They have direct relationships and carry deep inventory of almost every manufacturer that they represent, allowing Allied to offer products at competitive, factory-direct prices.

Terms of the transaction are not disclosed.

About Allied Industrial, Inc.
For further information, visit www.alliedindustrial.net 

About Pipeline Supply & Service, LLC
Pipeline Supply & Service (“PSS”) was established in 1987. Headquartered in Houston, Texas with additional locations in George West, Texas and Belle Vernon, Pennsylvania. PSS provides industrial and safety supplies, maintenance and repair services and rental equipment to the pipeline and plant contractor as well as the oil and gas transmission industry. They stock over 4,000 different items and represent over 300 manufacturers. For further information, visit www.pipelinesupply.com

About ClearRidge Capital
ClearRidge provides Corporate Finance, Merger & Acquisition and Restructuring services for midsized companies. ClearRidge has 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

http://www.clearridgecapital.com/news/alliedindustrialtulsa.htm

September 28, 2012. TCI Services, Inc., also known as Tank Consultants, was acquired by Team Industrial Services (NYSE:TISI), the largest specialized industrial services company in North America. 

Click the link to read more about the transaction.
http://www.clearridgecapital.com/news/tci-services_acquisition.htm

Matthew Bristow is a Certified Merger and Acquisition Advisor and a federal and state registered investment banking agent. Matthew co-founded ClearRidge in Tulsa with Bruce Jones 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, 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 and competed in the UK National University slalom ski championships for the University of Leeds. Originally from England, Matthew has also lived in France and Africa for four years. For further information, visit www.clearridgecapital.com or www.matthewbristowtulsa.com. All rights reserved. Copyright: ClearRidge Capital, LLC, 2012.

New corporate finance blog for The Journal Record:
http://journalrecord.com/2012/10/03/corporate-finance-blog-inflation-and-economic-theory-whats-the-deal/

Inflation and Economic Theory? What’s the Deal?

According to traditional economic theory, inflation should be increasing right now, at a growing pace. Trying to oversimplify a complex topic, there are three underlying causes that, under different circumstances, would drive inflation. The fact that this is not happening gives us an interesting perspective on the state of our economy and those who influence [...]

For further information, visit www.clearridgecapital.com or www.matthewbristowtulsa.com. All rights reserved. Matthew Bristow. Tulsa, Oklahoma Copyright: ClearRidge Capital, LLC, 2012.