28 Feb M&A Market Trends for 2020
Growth is happening all around us these days (Coronavirus notwithstanding). Locally in Grand Junction we’re seeing businesses expanding and the real estate market is ripe with new home developments. In this recent article by Axial.com on M&A market trends for 2020 one area that stood out to us for growth is technology.
According to the article, “While both corporate and private equity survey respondents overwhelmingly prefer investments in their own industries, if they’re going to make an exception, it’s likely to be for technology plays. Sixteen percent of executives note that they are interested in technology acquisitions, followed by 10 percent who are interested in renewable energy and 9 percent interested in utilities, insurance, and investment management, respectively.”
Business investors are looking to add technology companies to their portfolios. Businesses with tech at their core are growing and that’s been proven even here on the Western Slope. The Kaart Group, which provides up-to-date geographic and mapping data, is in the process of constructing a larger office building in downtown Grand Junction. Violet Gro, an LED lighting company, just opened in Grand Junction too. Yet another indication of technology and its business growth explosion here is Jabil Industries’ expansion on Horizon Drive.
If you’re looking for investors and you’ve got a technology-based business plan, we can consult with our team of investors to see if there’s a fit for you.
In other news, we’d like to wish a hearty congratulations to the new owners of two well-established businesses in Grand Junction. The sale of Merry Maids was completed in January. Also, Main Street Cafe, a local downtown favorite, was also sold to new owners in January. The breakfast and lunch eatery on Main Street has a 60s theme and is popular with people of all ages.
If you’re interested in purchasing a business or are ready to sell yours, we’d love to help. Contact us today to get started!