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Scaffolding & Industrial Services

Q3 2019 Industrial Quarterly Newsletter

TKO Miller Market Analysis 

  • TKO Miller’s proprietary Industrial and Construction Services Index (see below) has continued to trend upwards after a sharp decline in Q4 2018. M&A activity within the industrial sector remains strong as strategic acquirers pursue roll-up acquisition strategies to expand geographic footprints, fleet size, and service capabilities. Private equity activity has contributed to strong deal volume as financial buyers seek out both platform investments and add-on acquisitions to diversify portfolio company capabilities.
  • Despite the strong M&A activity, international trade conflicts have led to concerns of a potential slow-down among heavy equipment manufacturers, and, in turn, rental and construction firms. In September, the PMI index (Purchasing Manager’s Index), an index of the direction of economic trends in the manufacturing and services sector, continued a six-month decline and reached its lowest reading since June 2009.
  • Tight labor markets, rising material costs, and a particularly poor performance from the residential building sector is expected to lead to relatively flat growth for North America’s construction industry (0.4% - GlobalData) in the short term. However, the industry’s region is expected to regain momentum in the coming years through ongoing investments in national infrastructure development.

Industrial and Construction Services News

Growth Continues for Rental Equipment 

Despite some industry experts anticipating a slowdown, the American Rental Association expects the U.S. equipment rental industry to continue to grow consistently over the next few years, with total revenue for 2019 forecasted to surpass $61.3 billion, with increases of 5.0 percent for both the Unites States and Canada compared to 2018. Similar steady growth is expected in each of the successive years of the forecast to reach $69.8 billion by 2022 in North America while being expected to outpace the overall economy. [Link]

Timothy Oleszczuk
By Timothy Oleszczuk
on Oct 11, 2019 7:05:00 AM
   
Q3 2019 Industrial Quarterly Newsletter

TKO Miller Market Analysis 

  • TKO Miller’s proprietary Industrial and Construction Services Index (see below) has continued...
Timothy Oleszczuk
By Timothy Oleszczuk
on Oct 11, 2019 7:05:00 AM
TKO Miller Advises Henry G. Meigs, LLC on its Sale to Asphalt Materials, Inc., a Division of The Heritage Group

MILWAUKEE, WI (October 9, 2019) – TKO Miller is pleased to announce the successful sale of Henry G. Meigs, LLC (H.G. Meigs),...

Timothy Oleszczuk
By Timothy Oleszczuk
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How to Sell Your Business to an Employee (and How Not to)

An interesting way to exit your business might be to sell it to an employee.  Sometimes, there is an heir apparent.  Other...

Tammie Miller
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on Sep 29, 2019 10:52:45 AM
TKO Miller Advises TJ Hale Company on its Debt Financing

MILWAUKEE, WI (September 27, 2019) – TKO Miller, LLC is pleased to announce the successful closing of TJ Hale Company’s debt...

Steve Yahnke
By Steve Yahnke
on Sep 27, 2019 11:40:43 AM
What Happens to the Cash When I Sell My Business

If you are in the middle of a sale transaction, your M&A advisor or investment banker has probably told you not to do...

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on Sep 24, 2019 7:05:00 AM
What If You Want to Sell Your Business to a Competitor

For some business owners, selling to a competitor is unfathomable.  You mention a competitor as a potential buyer and they...

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By Tammie Miller
on Sep 8, 2019 9:03:19 AM
Why An Offer to Buy Your Business Isn't Always the $$$ You Get - How to Think About Net Proceeds

You just got an offer to buy your business for $20 million!  That's wonderful.  Don't go buy a $20 million yacht until you...

Joe Froehlich
By Joe Froehlich
on Aug 8, 2019 7:05:00 AM
Debt Capital Market Update - Q2 2019

TKO Miller Debt Capital Market Analysis 

  • Leverage multiples remain at peak levels in M&A transactions due to an aggressive...
Steve Yahnke
By Steve Yahnke
on Aug 6, 2019 7:05:00 AM
What To Do If You've Tripped A Bank Covenant

I’ve been helping middle market clients for some time now (nearly 3 decades) and inevitably, there are some that have...

Steve Yahnke
By Steve Yahnke
on Jul 25, 2019 7:05:00 AM

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