SMU Community Chat
July 15, 2021
Sullivan: Strong Economy, Steel Prices Give Lift to M&As
Written by Tim Triplett
“It’s an absolute certainty we will have a stronger M&A market in the next couple years. There are a lot of businesses looking to buy and a lot of businesses looking to sell. There will be many more announcements of deals in the second half, especially the fourth quarter,” predicted Dan Sullivan, founder of Montrose Advisors, who was the guest speaker during Steel Market Update’s Community Chat webinar on Wednesday.
Montrose advisors is an independent M&A and strategic advisory firm based in Chicago. Sullivan specializes in working with middle-market clients in the manufacturing, metals and industrial services sectors, including service centers, processors and fabricators. When the pandemic hit last year, M&A activity came to a virtual halt, like much of the economy. And like much of the economy, it is on the way back thanks to pentup demand, the effectiveness of the COVID vaccines and the record-high steel prices and profits that have given companies the funds they need to expand.
