By Bryan Livingston
Managing Partner and CEO
Oaklins Member Firm Capital Alliance Corp. built momentum for 2022 with several notable M&A transactions on behalf of clients in 2021. In our view, the middle market where we specialize will continue to offer compelling acquisition and sell-side opportunities, strong valuations and healthy deal volume as this year progresses.
While COVID-19 challenges are not fully behind us, the world has become more adept at dealing with them. Recent economic statistics, amid inflation concerns and supply chain disruptions, has been mostly positive. The U.S. economy recorded a 5.7% growth rate in 2021, the highest rate in four decades, while the gross domestic product surged ahead 6.9% in the fourth quarter.
We have been successful in helping our clients with strategies for getting deals closed at solid valuations despite the short-term financial performance impacts of the pandemic.
Dealmaking nationally, which picked up in 2021 over 2020, looks to continue its positive trajectory.
We assisted clients with several M&A transactions last year and added new M&A and capital raising experts to our team.
In oil & gas, we represented Culberson Construction Inc., part of the Versa Capital Management portfolio, in its acquisition of the assets of Nicholas Consulting Group in Midland, Texas.
We also provided consulting services to Odessa, Texas-based Master Corp., in connection with its sale to Houston-based oilfield products distributor DistributionNOW.
Human resource management
In the human resource management field, we represented I.T. Works Recruitment Inc., which specializes in technology staffing, in its sale to The Planet Group, a fast-growing global staffing brand based in Chicago.
We also advised The Liberty Group and its founder Ken Bohan in the successful recapitalization of the Houston-based multifamily-focused staffing firm.
Cross border collaboration
Working with our Oaklins colleagues, we represented a Canadian manufacturer of home improvement goods that was sold to a private equity firm.
Capital Alliance and Oaklins Member Firm Heritage Capital Group jointly advised on the sale of Childers Roofing and Sheetmetal, based in Jacksonville, FL, to Tecta America, headquartered in Dallas.
Capital Alliance team expands
Jeff Goodman was named managing director and practice leader of the technology group where he works on sell-side M&A and capital raising, specializing in information technology infrastructure.
The year 2022 is just ramping up, and the global economy is still choosing a direction. Despite the unknowns, we believe the positive momentum from 2021 bodes well for middle-market companies wanting to buy, sell, merge, raise capital or explore opportunities with us in a variety of fields including human resource management, staffing, technology, oil & gas, construction and engineering, and others.
We are grateful for the confidence our clients placed in us during the past year and thankful for our team of seasoned experts. We look forward to growing relationships with existing clients and welcoming new clients in 2022.