Posts By: George Steinbarger
George Steinbarger, Associate
George is an Associate at PCE Investment Bankers, a leading investment bank for mid-market companies. PCE offers its clients a full range of investment banking services including mergers and acquisitions, ESOPs, business valuations, litigation support, growth capital options, fairness opinions, advisory planning, research and stock-index services.
George is engaged in all aspects of PCE’s investment banking practice, including buy-side and sell-side mergers and acquisitions as well as private equity and debt placements. His focus is on PCE’s Employee Stock Ownership Plan (ESOP) practice, including executing sales to ESOPs, ESOP feasibility studies and shareholder and trustee financial advisory.
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May 24, 2011 - by George Steinbarger
The first quarter of 2011 started off as well as most could have expected after the surge in M&A activity to close out 2010. The Q4 momentum has carried over into the first part of the year as the economy continues to recover, the debt and equity markets improve, and a general advance in buyer confidence gains strength. While several challenges continue to exist, deal makers are emboldened by the recent trend of activity occurring and remain optimistic that the economy and M&A markets will continue to improve during the coming year.
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Jan 25, 2011 - by George Steinbarger
After a challenging 2009, M&A transaction activity saw significant improvement in 2010. This increase is due to a number of factors, including a recovery in business valuations leading to more motivated sellers, an easing in the financial and credit markets, and the global economic recovery. This momentum seems to reflect a renewed confidence and the outlook for 2011 appears to be bright.
Market Activity
Transaction activity in 2010 showed significant improvement in all segments with total deal volume at their highest levels in 3 years. For transactions less than $50 million, volume grew at an impressive 26% compared to 2009, but even more impressively surpassed total deal volume in 2007. Transactions $50 to $100 million exhibited the largest growth at 88% compared to last year, but continue to lag 2007 levels. For all other segments, 2010 brought positive growth over the same period, but not at the same pace. This expansion was helped in part to strengthening company fundamentals, rising valuations, and recovering financial markets.
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