2014 was a banner year for the mergers and acquisitions market in West Michigan. Sellers have had time to recover from the Great Recession and buyers have capital available and the capacity to take on debt. So the question becomes what will the market do in 2015?
There a ton of articles out there that go into interest rates, LP's and other M&A lingo that means very little to the common business owner. In fact many business owners will probably skip right by this post because they don't care what is going on in the world of buying and selling businesses because they feel that does not impact their business. But every business owner should be taking a big picture view every once in awhile and the increase in competition will impact many businesses in 2015.
Everyone knows Batman is the secret identity of Bruce Wayne, an American billionaire, industrialist, and philanthropist. But what if these two fictional characters were business owners that were looking to exit there businesses. Who would be the real superhero and win the day?
Let's remove the fact that Wayne Enterprises is very likely a public company and Wayne is beholden a board of directors and growing the profits of his shareholders. For this hypothetical, let's say that Bruce Wayne (and thus Batman also) have developed some heath issues and are forced to sell their respective business entities as soon as possible. Who would get the most value for their business entity?