[vc_column_text line_height="0"]Successful transactions require important decisions about rebranding— if, when and how to transition an acquired brand. Unfortunately, these brand strategy considerations are often overlooked or only considered after the acquisition. This is partly because there is a lack of relevant historical data for analysis.

PCE Investment Bankers, a leading financial services firm for mid-market companies, is pleased to announce the sale of Williams Electric Company (WEC) to Parsons Corporation. WEC specializes in control system integration, electrical and general contracting, and energy infrastructure solutions.  Customers of WEC include U.S. federal government agencies and facilities, including the U.S. Army Corps of Engineers (USACE).  PCE served as exclusive financial advisor to WEC.

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One of the key sections of any purchase agreement is the Reps and Warranties section. The term “Reps and Warranties” refers to all the assertions that the buyer and/or seller make in a purchase and sale agreement. Both sides take a leap of faith in the Reps and Warranties section, assuming that any claims or assertions made by the counterparty are accurate and true. Think of the Reps and Warranties section as a safety net for both sides. It ensures all that is being sold is being bought and all that is being bought is being sold.

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The measurement of goodwill and subsequent tests for impairment under purchase accounting rules is complicated and sometimes a source of controversy between companies and their auditors and advisors. Fortunately, the Financial Accounting Standards Board (FASB) has come to understand that the cost of the rigorous analysis required does not meet the cost/benefit constraint that lies at the heart of accounting rules. Earlier this year FASB issued revised guidance for goodwill impairment testing designed to make the entire process more straightforward and economical.

On their face Employee Stock Ownership Plans (ESOPs) appear to be a vehicle for employee ownership and not something that invites Private Equity Group (PEG) investment due to differing ownership structures. On the contrary, ESOPs and PEGs can co-exist in a mutually beneficial relationship. In many cases, PEGs view ESOP companies as having the exact characteristics they look for in target investments.

As a continuation of PCE’s series of quarterly M&A industry reports, below you’ll find an in-depth analysis of trends in the M&A marketplace that impact your business. These reports provide industry trends, sub-sector performance as well as deliver insight into tendencies of the public companies that operate in your world. The table below breaks down the ten industries which have been provided for 2Q17 as well as their detailed sub-sectors. Click the links below to view the individual reports.