Q1 2013 PE Deal Multiples & Trends Report

March 7, 2013 12:17 by Clayton Reeves in M&A  //  Tags:   //   Comments (0)
Pitchbook has released their Q1 2013 PE Deal Multiples & Trends Report. Some excerpts are included below:   Two thirds of transactions involved EBITDA multiples greater than 5.0x.   The revenue multiple spectrum was fairly dispersed, although over one fourth of transactions inv... [More]

BNSF Railway to Test Switch to Natural Gas

March 7, 2013 08:55 by Bill Conway in Energy, Energy Efficiency, Natural Gas  //  Tags:   //   Comments (0)
The viability of CNG as a fuel for locomotives is yet another example of how the shale gas "BOOM" is changing the way we live.  As the article states, the conversion to CNG could be equivalent to the move from steam engines to diesel.  The need for CNG terminal stations and the supply infr... [More]

CC Capital Advisors: The State of M&A in Kansas City

March 4, 2013 11:12 by Clayton Reeves in Capital Markets, M&A  //  Tags:   //   Comments (0)
CC Capital Advisors has released their annual M&A report for the greater Kansas City area.  This document provides details on each of the 151 transactions, including analysis around historical trends and forward looking prognosis for the M&A market.   Feel free to download a copy ... [More]

Natural Gas Generation to Continue Expanding

February 27, 2013 10:55 by Bill Conway in Capital Markets, Cooperatives, Energy, Engineering & Construction, Natural Gas  //  Tags:   //   Comments (0)
Black & Veatch has published a report titled "Coal: Begining the Long Goodbye", outlining their thoughts, supported with some good facts and details, on the future of natural gas and coal generation.  With many coal facilities being shuttered, utility executives should be planning for a fut... [More]

Can the Fed Ever Remove Stimulus?

February 22, 2013 11:37 by Clayton Reeves in Economy, Financing  //  Tags:   //   Comments (0)
An important topic for bankers, investors and citizens alike is the future active role of the Fed in the market place.  The actions of Bernanke & Co. have a material impact on what sort of lending and borrowing environment we operate within.  We've gone through several speeches and sta... [More]

Energy M&A: Off to the Races

February 20, 2013 13:04 by Clayton Reeves in Energy, M&A  //  Tags:   //   Comments (0)
General mergers & acquisitions in the United States are taking place at the fastest rate since before the Great Recession.  Retail giants Office Max and Office Depot are combining to form a more efficient global purveyor of office goods and supplies.  Market mover Warren Buffett joined... [More]

Mergers Make Comeback

February 19, 2013 17:36 by Stephanie Siders in M&A  //  Tags:   //   Comments (0)
After a less than stellar year for deals in 2012, confidence is up and each week seems to bring an announcement of a new mega-merger in the works.  Year-to-date M&A activity totals $158.7 billion, more than double the activity in the same period one year ago.  What is driving the incre... [More]

Is the End of the Bond Bubble Finally Here?

February 12, 2013 15:27 by Bill Conway in Economy  //  Tags:   //   Comments (0)
If you do a quick google search for "end of bond bubble," you see just how loud the calls are for the end of what is now a 30+ year bull run in the bond market. I guess if you keep shouting it every year, you will eventually be right. So, is the media right and this is finally the year that it ends? [More]

What Can a Regulated Electric Utility Learn from Moneyball?

February 12, 2013 15:21 by Bill Conway in Energy  //  Tags:   //   Comments (0)
The use of non-traditional statistics and measurements has revolutionized the way certain major league baseball teams view the sport and draft and sign players. The similarities between baseball and utility business are significant, considering the growing influence of technology on utility operations. As a baseball fan and a participant in the utility world, this analytical approach has a role in both industries. [More]

Shiller on the Housing Recovery

February 12, 2013 15:11 by Bill Conway in Economy  //  Tags: ,   //   Comments (0)
Much of the recent enthusiasm about the economy has been driven by improvement in the housing market. In fact, some markets in California even have reports of some good old fashioned (as in mid 2000s) bidding wars. However, Robert Shiller (as in Case-Shiller home index) says we shouldn't get too carried away just yet. [More]

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