De Bellas & Co., the #1 Staffing Industry M&A investment banking firm for over two decades, reported today that 23 Staffing related M&A transactions were announced in Q2 of 2008. Total transactions in IT, Finance and Accounting, Legal and Healthcare sectors increased 30% to 13 in Q2 from 10 in Q1.
Royal Brown, Vice President of De Bellas & Co., noted that, “While Q2 of 2008 was ahead of Q1 2008, in certain key sectors, the 53 transactions announced in the first half of 2008 was down from 81 in the same period in 2007”. He said that “despite the reduced transaction activity YTD, we remain optimistic about the level of M&A activity in the second half of 2008. We presently represent five professional staffing companies and have four being prepared for market, with EBITDA’s ranging from $1M to $10M and averaging $3M”. Brown continued. “We are enjoying an excellent market reception with the companies we are presently marketing, with two at or close to agreement on terms. Further, based on our ongoing dialogues with buyers, we expect that there will be a good reception for those we are preparing as well”.
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Tue, July 25, 2017