Are oilfield service companies growing fast enough to justify valuations?

Industry Snapshot With Brian Williams, Managing Director – Carl  Marks Advisors  Q:  How do you explain the large valuation gap between public and private oilfield services companies? A: As the price of oil increased and stabilized in the $50 to $55 per barrel range, public equity investors were keen to find ways to get exposure to increasing oilfield activity that was likely to ensue.  Several public IPOs and private 144a equity offerings were consummated in late 2016 and early 2017 to take advantage of growing investor appetite and valuation multiples in the 7x…READ MORE >

What is fueling grocery consolidation?

    AUTHOR:  Keith Loria January 3, 2017 When news hit last month that Albertsons Cos. is in advanced talks to acquire Price Chopper for approximately $1 billion — which would cement its status as the No. 2 grocer behind Kroger Co. — it wasn’t much of a surprise to anyone following the grocery industry. After all, consolidation has been the name of the game in grocery for the better part of two years. Kroger recently acquired Roundy’s and is rumored to be buying hundreds of Walgreens stores in the next month; Albertsons merged with Safeway…READ MORE >

A Road Map to Recovery

By Joseph R. D'Angelo December 21, 2016   Even though for-profit colleges may be poised to benefit under the Trump administration, they should not take a business-as-usual approach to their operations, argues Joseph R. D’Angelo. In this year’s presidential election, Trump University brought for-profit colleges into focus, but it should hardly be considered representative of the promise that lies within postsecondary education. To the contrary, for-profit institutions can, in fact, play a valuable role in furthering knowledge and career prospects for a large group of nontraditional students, including military veterans, working adults, single parents…READ MORE >

3 healthcare M&A predictions for 2017

  Written by Alyssa Rege | December 16, 2016  There has been an increase in hospital consolidation in recent years, and that trend is expected to continue into 2017. Many healthcare organizations are pursuing mergers, acquisitions and other types of partnerships with a focus on providing coordinated, cost-effective care. There were 112 hospital transactions announced in 2015, an increase over the 95 deals that were announced in 2014, according to an analysis by Kaufman, Hall & Associates released in January. As of the third quarter, 2016 was keeping pace with 2015 transaction activity. Kaufman Hall identified 77 hospital and…READ MORE >

The RZ Interview: Outlook for Oil, Gas for 2017 Expects Hiring Challenges

    by  Deon Daugherty Monday, November 28, 2016 Following more than two years of an economic downturn that's roiled oil and gas markets, experts are cautiously optimistic the industry is finally prepared to turn a corner in 2017. With commodity prices approaching something like stability and a recent surge in deal-making, oil and gas experts say an end to the long, dark night that’s depressed the industry may finally be on the horizon. At investment banking and financial restructuring house Carl Marks Advisors, Partner Charles Boguslaski and Managing Director Brian Williams are…READ MORE >