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Happy Friday and welcome to another edition of Axial Radar!
On the heels of yesterday’s Industrials Top 50 launch, today on Radar we explore the relationship between industrial employment trends and M&A multiples.
Unemployment was one of the first economic consequences of Covid-19. Industrial investors and operators were quickly forced to figure out the balancing act of cost management and extremely volatile production requirements. Many businesses didn’t have a choice – the Bureau of Labor and Statistics recorded 1.4M lost manufacturing jobs in March and April of 2020 alone. Those businesses that were able to prioritize employee retention, however, are now trading at pre-pandemic multiples. Head down to this week’s featured Industry Trends article to read more about the strategies industrial businesses leveraged to keep their shop floors full during the peak of the pandemic.
Our featured buy-side members this week include a Chicago-based family office, a B2B focused private equity firm, and a Stamford, CT-based PE firm. On the sell-side we’ll introduce you to a boutique SF-based investment bank, and an investment bank led by a team that has completed over $600M in public and private banking transactions.
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