Local M&A slow in first half, but outlook is promising

August 19, 2013 11:17 by Jill Mortensen in M&A  //  Tags:   //   Comments (0)

The following is an article by James Dornbrook from the Kansas City Business Journal dated August 2, 2013.

Mergers and acquisitions activity in the Kansas City area during the first half of 2013 was at the lowest rate since 2009, but experts were anything but pessimistic.  There were 64 deals publicly announced in the first half of the year, according to a report by Country Club Capital Advisors. That’s down from 67 for the same period last year and 84 in the last half of 2012.

“I think the single biggest reason for the drop-off was the tax code,” said Pat Trysla, managing partner of Kansas City-based Frontier Investment Banking Corp. “You had people who were expediting deals to close prior to Dec. 31 and take advantage of the lower capital gains rate. So you had a lot of deals that otherwise would have closed during the first half of 2013.”

For the rest of the article, please click here.

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