Middle Market Commentary
 
As active participants in middle market transactions, GulfStar Group monitors current valuation metrics, particularly EBITDA multiples. Understanding the market's current assessment of value aids us when advising clients as they evaluate options for their businesses. Because the best client is always an informed client, we regularly share recent results and analysis from GF Data's database of middle market M&A transactions. 
 
GulfStar believes that GF Data's database is most reflective of current levels of activity in the middle market for several reasons.


M&A Outlook: Where do we go from here?
By Scott Winship, Managing Director
Excerpted from Houston Business Journal - TACC Supplement

Timing is everything as the old saying goes. While that specific combination of words is heard more times than one can legitimately count, its basic application in view of M&A market cycles is about as appropriate as it gets.  Unsurprisingly, 2015 landed as a record year for mergers and acquisitions, with the aggregate U.S. transaction dollar volume topping $2 trillion for the first time in recorded history. 



Think Like an Austrian 
By Cliff Atherton, Managing Director
Excerpted from Oil & Gas Financial Journal  - February 2016

How can we explain the dramatic price moves transpiring in the oil market over the last 12 to 18 months? If you were trained in the economics of static equilibrium (neoclassical economics), you could say that the market has been disturbed from its equilibrium by an exogenous shock, pushing prices down until market forces eventually establish a new equilibrium. 



2015 Banner Year for Cross-Border Deals
By Colt Luedde, Managing Director

This past year proved to be a banner year for global, cross-border M&A activity. According to a Baker & McKenzie report from December 2015, the overall volume of cross-border deals increased by as much as 10% in 2015, demonstrating strong demand for U.S. businesses on the part of foreign buyers. 
 
In our own practice, we have seen an even more profound increase in cross-border activity, with foreign buyers accounting for 50% of our strategic buyer outcomes since January 2014.  Over that time period alone, we closed transactions with counterparties in Mexico, Japan, Scotland, France, China, Italy and Slovenia and continue to see a high degree of interest in U.S. investment by foreign buyers.
 
GulfStar Group is proud to be nominated as a finalist in seven transaction categories at The M&A Advisor's 8th Annual International M&A Awards, which honors top international deals, dealmakers and firms conducting important transactions in the Americas, Europe, Asia, Middle East, Africa and Australia. This event will be held in New York on April 12. 
  • Energy Deal of the Year
  • Retail, Manufacturing & Distribution Deal of the Year
  • Corporate & Strategic Acquisition of the Year ($10mm - $25mm)
  • Corporate & Strategic Acquisition of the Year ($25mm - $50mm) 
  • Corporate & Strategic Acquisition of the Year (Over $100mm - $500mm)
  • U.S. - Asia Deal of the Year
  • Cross Border M&A Deal of the Year (Over $100mm - $250mm). 


Capital Perspectives: Energy Outlook 2016
By Bryan Frederickson & Eric Swanson, Managing Directors
Excerpted from Oil & Gas Financial Journal - January 2016

Nearly a year and a half after oil prices began their march from over $100 per barrel to current levels, no confident consensus has emerged on when the market should expect a recovery or even what such a recovery might entail. As demand growth has softened, supply and demand factors set the stage for near-term uncertainty and a potentially prolonged period of low prices. 



Ben Stanton Promoted to Vice President

GulfStar Group is pleased to announce the promotion of Ben Stanton from associate to vice president. Ben came to GulfStar in 2012 from PricewaterhouseCoopers, where he worked as a senior associate in the private client service, assurance and due diligence practices, with a focus on E&P and oilfield services.



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Securities offered through GulfStar Group I, Ltd. an affiliated entity, member FINRA - SIPC