As an investment banker (“IB”), I have been representing companies in the purchase and sale of distressed businesses in the middle market for more than twenty-five years. I need to ask the reader to (1) provide me a bit of latitude on use of legal terms and concepts (I am not an attorney), and (2) presume I am addressing predominantly, privately-owned businesses in the bottom half of the middle market (capital structures typically no more complex than equity, senior secured and junior capital).

Stamford, CT, May 2017 – TrueNorth Capital Partners, LLC (“TrueNorth”) acted as the exclusive financial advisor to Okubo Gear Co., Ltd. (“Okubo”), based in Kanagawa, Japan, in the sale of its subsidiary, Avon Gear Company (“Avon” or the “Company”), located in Shelby Township, Michigan.

Minneapolis, MN, May 2017 – In many respects, the M&A market continues to be strong and enjoys good prospects. Valuation multiples remain high. The stock market is near record highs and interest rates remain low. The demand for acquisitions, fueled by the ample and growing cash and financial resources of corporate and financial buyers, is strong. In our nation’s slowly growing economy, corporations and portfolio companies of private equity groups are almost desperate to accelerate revenue growth via acquisitions.

Stamford, CT, March 2017 – TrueNorth Capital Partners, LLC (“TrueNorth”) acted as financial advisor to Integrity Graphics, Inc. (“Integrity”), in its sale of certain assets to Colonial Printing, Inc. (“Colonial”). Integrity is a high quality, full service, provider of graphics design and marketing communication services, established more than 25 years, with capabilities in digital printing, offset printing, direct mail, variable data, finishing and binding. Integrity has a reputation for providing the highest quality communications marketing materials, including brochures, catalogs, direct mailers, banners, folders, flyers, postcards, letterhead, business cards, note pads, calendars, invitations and packaging materials.

Stamford, CT, February 2017 –TrueNorth Capital Partners LLC (“TrueNorth”) is pleased to announce that its wholly-owned subsidiary, TNCP, LLC, acted as exclusive financial advisor and placement agent to Macton Corporation in connection with the consolidation of its junior debt and procurement of additional growth capital.

Stamford, Connecticut, December 2016 – TrueNorth Capital Partners LLC is pleased to announce that its wholly-owned subsidiary, TNCP, LLC (“TrueNorth”) acted as exclusive financial advisor to LPI, Inc. (“LPI”) in its acquisition of assets of Vortex Whirlpool Systems, Inc., dba Catalina Spas.

Stamford, Connecticut, September 2016 – TrueNorth Capital Partners LLC is pleased to announce that its wholly-owned subsidiary, TNCP, LLC (“TrueNorth”) acted as exclusive financial advisor to Environmental Control, Inc. d.b.a Encon, Inc. (“Encon”) in its sale to the Service Logic family of HVAC companies, a portfolio company of Sterling Investment Partners.

Stamford, CT, September 2016 –TrueNorth Capital Partners LLC (“TrueNorth”) is pleased to announce that its wholly-owned subsidiary, TNCP, LLC acted as financial advisor to Macton Corporation in connection with the refinance of its senior loan facility. Funding was provided by the Asset Based Lending Group at Rockland Trust Company.

Stamford, CT, August 2016 –TrueNorth Capital Partners LLC (“TrueNorth”) acted as exclusive financial advisor to The Official Committee of Unsecured Creditors of Back9Network, Inc. and Swing By Swing, Inc. (the “Committee”).

The national M&A market has rebounded strongly from the cyclical downturn of the Great Recession. In the 2010-2015 period, national transaction volume increased at a compounded annual growth rate (“CAGR”) of approximately 9.5%. Meanwhile, M&A multiples have returned to the historically high levels reached prior to Great Recession. Such vitality in the M&A market during the recent cyclical recovery is in stark contrast to the relatively slow growth experienced in the overall economy.