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LBA Haynes Strand Named a 2016 Charlotte Future 50 Award Winner

LBA Haynes Strand is pleased to announce that we have been named a 2016 Future 50 Award winner by SmartCEO. The program recognizes Charlotte’s 50 fastest-growing mid-sized companies that have experienced outsized growth based on a combined three-year average of revenue and employee growth.  These companies will be honored on April 27, 2016 at the Hilton Charlotte Center City.

“I’m honored for the Firm to be included in the Future 50 Awards this year.  It recognizes current and future CEO’s that are having an impact not only on their businesses, but on the city of Charlotte,” says John Bly, Co-Managing Member of LBA Haynes Strand, “To be included with this tremendous group of companies is a great honor for everyone here at LBA Haynes Strand.”

“Ask any CEO and they’ll tell you that leading a fast growing company is one of the most challenging and fun things an entrepreneur can do.  Whether they’re just starting out or rapidly trying to scale an established operation, this year’s Future 50 winners have executed their growth visions year after year, created job opportunities and made our region a better place to work and live,” says Jaime Nespor-Zawmon, President of SmartCEO Events.

Full List of Winners:

  • Alan Simonini Homes LLC
  • Anointed Flooring, Inc.
  • Armstrong Transport Group
  • Artisan Signs and Graphics
  • Avant Garde Technologies
  • Barton Contracting Corporation
  • Boxman Studios, LLC
  • Carolina’s Home Medical Equipment, Inc.
  • CCS Construction Staffing
  • CDI Southeast
  • Command Partners
  • Costner Law Office, PLLC
  • ettain group, Inc.
  • Fab Fours, Inc.
  • The Greene Group
  • ImagineSoftware
  • In-Flight Crew Connections
  • Independent Advisor Alliance
  • InfoSense, Inc.
  • InnerVision Inc.
  • Intelligent Buildings, LLC
  • Jackrabbit Technologies, Inc.
  • Lakeside Project Solutions
  • LandDesign, Inc.
  • LBA Haynes Strand, PLLC
  • LogoNation, Inc.
  • Lwin Family Co.
  • modPALEO
  • Movement Mortgage
  • NoDa Brewing Company
  • OrthoCarolina
  • Party Reflections
  • Peak 10, Inc.
  • Red Moon Marketing
  • Remi
  • Rhythm Systems
  • Search Solution Group
  • Seedspark
  • SMD
  • Something Classic Catering & Cafes
  • SPAN Enterprises
  • Spangler Restoration
  • Strategic Power Systems, Inc.
  • T1V
  • TalentBridge
  • Tattoo Projects
  • Teguar
  • Titan Electric
  • Verigent, LLC
  • WDS, Inc.

John Bly Named a Board Member of EO’s Global Board

Co-Managing Member John Bly has received HUGE news for the upcoming year. John has been named a Board Member of EO’s Global Board, where he will serve the organization!  This is a special announcement, because only 9 members of the organization are asked to serve 3 year terms to lead the organization through vision and strategy, and John is one of three member leaders who will begin their board term in July 2016. While this is an amazing accomplishment for John, it is something that didn’t just happen overnight.  John has been a member and advocate of EO since June of 2008 and has served in a number of roles to further EO’s vision, including: President of the Charlotte Chapter of EO, Chair for the highly successful regional NERVE 2013 Conference, Area Director for the US East Region, Member of the Standing Finance Committee for EO Global, and an EO Accelerator Facilitator.

What is EO, you may ask…

The Entrepreneurs’ Organization, better known as EO, is a collection of like-minded entrepreneurs focused on business growth, personal development and community engagement.  The network is made up of nearly 11,000 individual members across the world!

EO Global’s vision is to grow the world’s most influential community of entrepreneurs.  They accomplish their goals by offering chapter development, learning opportunities, forums, and strategic engagement opportunities to members.  There are currently 144 EO Chapters worldwide in 48 different countries.  This organization truly offers once in a lifetime opportunities to entrepreneurs across the globe.  This is certainly a once in a lifetime experience for John as he will be able to work with entrepreneurs across the globe and will have the ability to visit some very special places!

To get involved with the Entrepreneurs’ Organization or to learn more, visit: www.eonetwork.org or email info@eonetwork.org.

LBA Haynes Strand Launches Capital Advisors Group

We are excited to announce a new division at our firm – LBA Haynes Strand Capital Advisors.

John Bly, Co-Managing Member of LBA Haynes Strand, PLLC, had this to say about the announcement: “Since the firm was established, LBA Haynes Strand has been an active participant in the M&A marketplace. Our firm itself has successfully merged or acquired 11 CPA Firms in 11 years, which has created many new and exciting opportunities for the firm.  Over the past few years our clients have been hiring us to advise on mergers and acquisitions, performing due diligence work and providing advice on the structure of the deal. With our history and given the tidal wave of M&A activity coming over the next 10 years, we felt that this was the perfect time to launch our own Capital Advisors group.”

The new entity will be known as LBA Haynes Strand Capital Advisors, LLC and will be led by Saeed Moghadam. Saeed brings over 17 years of banking experience to the group, as he has enjoyed a successful career working with some of the largest banks in the Charlotte area. Our clients will now benefit from being able to leverage both the CPA knowledge and the Banker knowledge under one roof. LBA Haynes Strand Capital Advisors will offer professional advisory with in house due diligence, providing a seamless experience to our clients. 

New Service Lines under LBA Haynes Strand Capital Advisors include:
  • Capital Raise
  • Buy Side Searches
  • Sell Side Representation
  • Debt Refinance
  • Exit Planning
  • Valuation
  • M&A Advisory

To learn more about our Capital Advisors team and how we can help your business, contact us for your no-cost consultation.

Successful M&A: Internal Growth Must Match External Growth

Traditional entrepreneurial formulas go something like this… “If we have 10 clients, we hire 1 marketing person, adjust their salary according to client growth, and then in 4 to 5 years we could possibly see 10% business growth.”

We have news for you! A merger and acquisition process will grow your business 30% to 100% OVERNIGHT!

When you merge with another business, you are effectively doubling your business in size. That growth equals greater sustainability and greater scalability. You may think that a larger business would be more to handle, but just think about the growth process in general:

  • When your business expands in size, you have the opportunity to expand your client base.
  • The more clients your business has, the more revenue it generates.
  • With a boost in revenue, you are able to hire the appropriate staff to handle the rise in clientele.
  • With the right staff in place, your revenue and your clientele are going to continue increasing significantly.

It’s easy to get stingy about bringing more team members on board. After all, when you experience financial growth, your first reaction is to keep it growing, and hiring staff seems to do the opposite of that. Initially, you may experience a financial dip when you hire your new sales team. However, if their human capital matches your business values, you are undoubtedly going to experience financial growth in the following years.

Remember: When you grow externally, you must grow internally to achieve even more external growth!

Basically, if your clientele grows, your internal team must grow. That does mean a higher payroll, but it also means a higher ROI. You might be looking to hire a sales manager that demands a hefty salary. To ensure a good return, thoroughly analyze what this person brings to the table. Let your decision to hire involve looking back to their work history, but also looking forward to your company’s future. Always look forward! If you don’t see this person contributing to your future growth, look for someone else to fill the position.

If you are expecting rapid growth from your M&A transaction, expect to make the occasional investment. Hiring a team of experts is definitely an investment worth making. The more growth you experience, the more responsibility you gain. When you have an efficient internal team, those responsibilities are not only fulfilled, but they help you grow your bottom line a whole lot quicker.

Interested in learning more about M&A, contact us for your no-cost consultation.

John Bly Interview – Cracking The Code To Mergers & Acquisitions

John Bly recently sat down with ExitCoachRadio.com for an interview with host Bill Black. During the interview John discusses three important aspects of the M&A marketplace:

  1. What does the current M&A environment look like?
  2. Where is the funding for deals coming from today?
  3. Why would a small business want to acquire other companies?

To listen to the interview from ExitCoachRadio.com, CLICK HERE! Do you have more questions about mergers and acquisitions? Contact John Bly today!

4 Reasons Why Now is a Good Time to Acquire a Company

Are you considering acquisition as a way to begin or expand your business? There are a number of reasons why it is one of the best times to acquire a company:

 1. Supply and Demand

As The Baby Boomers are exiting their companies – there are lots of sellers, but there are not as many buyers as there were 10 years ago – so the selection of businesses is better than in the past.

2. Capital Availability

The Private Equity Groups, Private Investors, and Banks have more money on the sidelines that they want to put to use in the market place than ever before. In addition, interest rates are still at historic lows – so borrowing capital for an acquisition can be done very efficiently.

3. Larger Companies Are Worth More

Acquiring 1 to 3 competitors and building your current company may change the multiple you get on an exit from 4x to 6x of EBITDA. The big difference here is that you may be buying a smaller company for 3x the earnings and later as you combine it with your business and thus resell a larger business in the future, you may be able to get a rate arbitrage on your purchase. Thus, the same business you bought for more than 3x.

4. Strategic Savings

If you already own a company in the given industry and you acquire another one – the savings could be 5-25% on expenses for the combined company. This means you could add more profit and cash flow than the prior owner. There are many different expense categories that would overlap, and when you combine companies you would not have to pay it twice.

M&A Tip: As you look to acquire or buy a business make sure you are doing it for the right reasons. Don’t just say, “I want to get rich.” That line of thinking probably won’t cut it, unfortunately. You need to make sure you have wisdom, passion, and a sound plan for this business. Do your Due Diligence! The timing is right to acquire, it’s just up to you to follow through!

For more information on how LBA Haynes Strand can make your acquisition a successful one, contact our Capital Advisors team!