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Happy Friday and welcome to another edition of Axial Radar!
As the country anxiously awaits Congress’ approval of a second Covid relief package, it feels apropos to discuss how business operators are thinking about modifications to their P&L, specifically SG&A, before the relief (hopefully) arrives.
A recent McKinsey survey surfaced two strategic categories as the top priorities for business executives over the next 12 months: Growth, second only to Cost Management. The adjacency of Growth and Cost as the first and second priorities perfectly sums up the year 2020. Cautious optimism combined with some good old jaded pessimism. Head down to this week’s featured Industry Trends article to read more about how businesses are prioritizing different aspects of their SG&A as they plan for 2021.
Our featured buyside members this week include a lower middle market focused PE firm, a Philly-based investment firm, and a Texas family office. On the sellside, we’ll introduce you to a leading financial services company and a Southwest focused investment banking firm.
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