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Virgin Galactic Holdings, Inc. (“Virgin Galactic”), a space travel company pioneering human spaceflight for private individuals and researchers, successfully completed a recapitalization through a series of privately negotiated debt, equity, and warrant transactions. The transactions significantly strengthened Virgin Galactic’s balance sheet and aligned the Company’s capital structure obligations with its schedule for the design and production of next-generation spacecraft and planned continuation of commercial service. …Read More >
Roof Worx LLC (“Roof Worx”), a leading provider of residential and commercial roofing services across Colorado and Wyoming, announced that it has been acquired by SouthWorth Capital Management, a Memphis, Tennessee-based family office. …Read More >
Harrell-Fish, Inc. (“HFI”), a leading provider of mechanical installation and maintenance services, announced it has received a majority investment from New State Capital Partners and Amethyst Capital Partners. …Read More >
BuyQ is the leading group purchasing organization serving charter and private schools across the United States. Founded in 2013, BuyQ helps more than 4,000 schools access better pricing and terms on essential goods and services by leveraging collective purchasing power. …Read More >
GLC Advisors & Co., LLC is excited to share our Q3 2025 Software Capital Markets Report, including observations on public equities, software M&A, and credit markets, as well as our expectations heading into Q3. …Read More >
GatesAir, Inc. (“GatesAir”), a manufacturer of TV and radio transmitters for domestic and international clients, announced the acquisition of substantially all of its assets by Saothair Capital Partners. …Read More >
GLC Advisors, LLC (“GLC”), a leading independent investment bank focused on M&A and Restructuring advisory, announced the appointment of Eric Coombs as Managing Director and head of their Capital Markets Advisory practice. …Read More >
GLC Advisors & Co., LLC is pleased to share our Q2 2025 IT Services Capital Markets Report. In this edition, we provide:
▪️ Insights into current capital market conditions
▪️ An analysis of public company performance and operating metrics by IT services sub-sector and geography
▪️ Our outlook on market trends heading into Q3 ’25 …Read More >
GLC Advisors & Co., LLC is excited to share our Q2 2025 Software Capital Markets Report, including observations on public equities, software M&A, and credit markets, as well as our expectations heading into Q3. …Read More >
Middle market M&A activity remained steady in Q2 of 2025. Business Services transactions ticked up from Q1, with year-to-date volume reaching 1,705 deals, though median EBITDA multiples declined. Industrials experienced a similar lift in deal flow, climbing to 783 transactions year-to-date, with valuations holding firm at 9.3x compared to 8.8x last quarter. Despite broader compression in valuation multiples, premium pricing remains concentrated in sought-after sectors such as BPO Services, Environmental Services, Aerospace, and General Manufacturing.
…Read More >
Pattlen Enterprises, Inc. (“Pattlen”), a distributor of commercial turf maintenance and irrigation equipment doing business as (“D.B.A”) L.L. Johnson Distributing Company, Inc. and Midwest Turf & Irrigation, announced the acquisition of substantially all of the assets by Oakcreek Golf & Turf LP, a portfolio company of Banyan Capital Partners. …Read More >
M&A activity continues to be muted with transaction volume down for 2024E by 6% for Business Services and down by 12% for Industrials. Interestingly, Private Equity buyers continue to drive M&A activity with increasing volume of add-on acquisitions. On the bright side, EBITDA valuation metrics continue to hold steady at 7.8x for Business Services and 8.4x for Industrials. Valuations continue to be led by the hot spots of BPO Services and Aerospace transactions. …Read More >