Premier North/Central Texas Merger and Acquisition Firm
Information
- Location:
- Fort Worth, TX, 76109
- Phone:
- 817-738-4220
- Mon - Fri:
- 9:00 am - 5:00 pm
Photos
1 albumSee All
Wall PhotosCreated about 8 months ago
No one has added fan photos.
Kasper & Associates
CFO magazine published an article, “Down but Not Out”, describing the state of 2009’s M&A market. Following are highlights from the article:
--Global M&A deal values were down 44% for the first half of the year, but in the United States the decline was 85%.
--U.S. private equity firms have more than $600 billion in unco...mmitted capital waiting on the sidelines.
--Most transactions have been completed by strategic buyers. The author suggests that traditional private, leveraged buyouts won’t return until the credit markets open up.
--Three factors are identified as essential to revive M&A activity: (1) Lenders reentering the market with reasonable terms and covenants; (2) Realistic valuation expectations from Sellers; and (3) Buyer confidence in economic recovery.
Regarding buyer confidence, it was refreshing to hear Warren Buffett’s declaration of an “all-in wager” on the long-term strength of the U.S. economy with his recent bid to purchase BNSF Railway. We’re optimistic more business leaders will follow that sentiment and return to the American spirit of bold entrepreneurism, and it appears to be occurring with recent communications from K&A buyer prospects saying they are ready to put investment funds to work, especially in Texas.
As always, please feel free to call us to discuss.
www.cfo.com
M&A activity has plunged in 2009, but recent deals suggest it may be poised for a comeback.
Kasper & Associates
Associate Spotlight: Tony Ford
Tony Ford is a Senior Associate of Kasper & Associates since 2008. Mr. Ford has over 25 years experience in creating high-growth organizations in manufacturing, wholesale distribution, B2B sales and hospitality sectors. He has served as the founding Executive Director of the Fort Worth B...usiness Assistance Center, Entrepreneur-in-Residence for the Kauffman Foundation and has won both the Ernst & Young Entrepreneur of the Year Award and the SBA Exporter of the Year Award. He earned his B.S. from Oklahoma State University and attended graduate school in Education at Southwestern Theological Seminary.
www.linkedin.com
View Tony Ford's professional profile on LinkedIn. LinkedIn is the world's largest business network, helping professionals like Tony Ford discover inside connections to recommended job candidates, industry experts, and business partners.
Kasper & Associates
This week’s Fort Worth Business Press contains an article speculating that recent high-profile acquisitions may show signs of economic recovery. For the article, Bob Francis interviewed Founding Partner Ed Kasper for his thoughts.
Remember to thank a Veteran tomorrow!
www.fwbusinesspress.com
Many economic analysts – along with the stock market – are touting Warren Buffett’s $44 billion acquisition of Burlington Northern Santa Fe Corp. as a sign of confidence in the U.S. economy. If so, Buffett is not alone in his assessment, though he has deeper pockets than most to ride...
Kasper & Associates
Business owners and prospective business buyers need to be aware of recent changes in the banking environment. Whether it’s for an acquisition loan or line of credit on an existing business, lending requirements have changed significantly in the last year. The following link is to a Fort Worth Business Press article ...describing some of these changes, and explaining how individual credit scores are calculated and viewed by lenders.
http://www.fwbusinesspress.com/display.p
While many people check their credit reports on a regular basis, few people know what their actual credit score is. A new service was launched this month offering free access to credit scores. Visit www.credit.com to see where your credit score ranks on the major rating systems.
Feel free to contact any of the merger and acquisition specialists at Kasper & Associates to discuss. We’re always available to assist business owners and buyers in negotiating the changing financial markets.
www.fwbusinesspress.com
The ideal credit score has increased during the last year as lenders continue trying to avoid risky loans and redefine what factors identify a good loan candidate. A number of factors can affect decisions lenders make when reviewing loan applications, credit experts say. When applying...
Kasper & Associates
Traditionally, business Sellers prefer Stock Sales over Asset Sales for the beneficial tax ramifications. On the other hand, Buyers have typically avoided Stock Purchases because of the possibility of hidden liabilities. However, recent government actions may encourage more Buyers toward Stock Purchases, at least for a... short time. Attorney Mark Avery with Richards Rodriguez & Skeith LLP (www.rrsfirm.com) provided K&A with an article, “Items to Consider in the Sale or Purchase of All (or Part) of a Business in 2009”. Following is an excerpt:
“Besides the usual reasons given for doing a stock purchase, there are two other possible reasons to consider a stock sale/purchase this year. First, the American Recovery and Reinvestment Act of 2009 increased the amount of long term capital gain excluded from an individual’s income on the sale of qualified small business stock to 75% (it was 50%) if such stock is: 1) purchased between February 17, 2009 and January 1, 2011; and 2) is held for more than 5 years before being sold. Therefore, a buyer who purchases a small business through a stock sale during nearly all of 2009 and 2010 may find that the taxes which they owe upon the subsequent sale years down the road will be much lower than if they had acquired that same business through an asset purchase.
In addition, in a stock sale, the seller can allocate the value of the goodwill in the business to himself, rather than to the corporation, if the seller: 1) owns the business through a C corporation; and 2) is a key employee in the business operation. In such cases, if the purchase and sale process is handled correctly, I personally have seen millions of dollars saved by the seller in lower income taxes.”
E-mail contact@kasperassociates.com to receive the entire article.
Texas Attorneys Providing Business, Corporate, Mergers & Acquisitions, Regulatory, Commercial Litiga
www.rrsfirm.com
Website of Richards Rodriguez & Skeith L.L.P., an Austin, Texas law firm practicing in the areas of business law, litigation and trial law, environmental law, personal injury, real estate law, and probate and estate planning.
Kasper & Associates Facebook Fans can get the info here, but Kasper & Associates has also provided a blog (www.kasperassociates.blogspot.com) for market updates, merger & acquisition info and company news. We'd love to hear your thoughts on topics you'd like covered.
kasperassociates.blogspot.com
"Long-Term Growth: More than three decades of careful tending and rolling with changes has created a success story for plant life in a Fort Worth back yard"
Kasper & Associates Great article about Founding Partner Ed Kasper's garden.
www.star-telegram.com
A shady yard in Fort Worth's Overton Park West neighborhood has been a decades-long project for Ed Kasper. For Kasper and his wife, Janet Kasper, the garden is a retreat, a source of nourishment and reward -- physical and emotional. Here's a closer look...
Kasper & Associates While we celebrate K&A's 25th, here's a toast to Ed & Janet Kasper's 45th anniversary!
www.legacy.com
Ed and Janet Socha Kasper celebrated their 45th wedding anniversary at The Broadmoor Resort in Colorado Springs, Colo. They were accompanied by their daughter, Lori and husband Patrick Kimball, their son ...
Kasper & Associates
Celebrating K&A's 25th Anniversary, a message from Founding Partner Ed Kasper:
“I’m proud of my country and I believe in the free enterprise system which made her great.” These words were especially apropos 25 years ago when I founded this firm, and my passion for assisting owners considering the sale of their busines...s has not changed one bit. I regard private business owners to be the “captains of industry” who drive our economy. And my mission is to create results for them when they’ve made a decision to sell what most likely is their most important financial asset.
Along with many of you, I’ve lived through several serious economic challenges since 1984. To name several – the oil industry downturn of the mid-80’s; the real estate and banking meltdown of the 90’s; the stranglehold on the economy after 9/11; and now the mortgage and financial system fiascos resulting in recession. Still, in good times and bad, entrepreneurs have a need to sell their businesses. Be it planned retirement, health concerns, family issues or just wanting to do something else, we at Kasper & Associates want to be the ones you call to make connections with a buyer who will provide the best financial return to you for all your hard work.
Texas is currently the best place to be in the U.S. should you want to sell your company. Why? Buyers want a presence where the economy is stable and even growing. Facts: The State of Texas, compared to entire countries, has the 15th largest economy in the world. 50% of the new jobs created in the U.S. in 2008 were created in Texas. The D/FW Metroplex had the highest increase of new residents (164,000+) during the latest 12-month reporting period of all major metro areas in the U.S. (San Antonio/Austin was third; Houston was fourth). These facts are key reasons why investors want to buy Texas businesses. Obviously the greater the buyer demand, the better financial return for sellers.
For your convenience, www.kasperassociates.com shows the primary focus of our brokerage services and provides a cross-section listing of businesses for whom we have achieved results. Also, bio data on our professional leadership team is included so you can see who will be advising you throughout the selling process and be confident you’ll have someone with exceptional business operations experience representing your best interests.
Kasper & Associates can make connections and create results for you. We welcome and appreciate your inquiry.
www.kasperassociates.com
Kasper & Associates (K&A) was founded in 1984 to fill a void in the merger and acquisition field that was particularly acute in the Fort Worth/Dallas metropolitan area, as well as in North and Central Texas.
Kasper & Associates
In an effort to remain on top of tax matters for our clients, we spent time with Tax Attorney/CPA Marvin Blum of The Blum Firm (www.theblumfirm.com) discussing tax and asset protection issues that impact private business owners. The following excerpt from Marvin’s recent presentation to the Fort Worth Chapter of the T...exas Society of Certified Public Accountants explains why it is now advisable to switch from a ‘C’ or ‘S’ Corporation to an LLC or LP for asset protection reasons:
“Often, businesses are owned in the form of a ‘C’ or ‘S’ corporation, especially businesses that have been around for awhile. One disadvantage of a corporation as compared to an LLC or LP is that under Texas law, corporate stock can be seized by the owner’s personal creditors to satisfy a judgment against the owner. If the stock is seized, the creditor steps into the debtor’s shoes and has the power to vote the stock and, if the debtor owns a majority of the stock, control the business. Therefore, a client with a profitable business that is organized as a state-law corporation may be a target for personal creditors of the business owner.
However, under Texas law, creditors who want to satisfy a judgment through a debtor’s LP or LLC interest are limited to obtaining a “charging order” against the interest. A charging order merely gives the creditor the right to receive distributions made to the partner or member, if any are made. The charging order does not give the creditor the right to vote the stock or otherwise compel the LP or LLC to make distributions. Due to provisions the Texas legislature passed in HB 1737, effective September 1, 2007, a creditor’s only remedy with respect to a debtor’s ownership interest in an LP or LLC is a charging order. As a result, if distributions are never made, the creditor will receive nothing from the LP or LLC.
Because LP’s and LLC’s are far superior to corporations from an asset protection point-of-view, business owners should always consider converting a ‘C’ or ‘S’ corporation into an LP or LLC. If structured correctly, such conversions can be accomplished free of income tax. The converted entity would be an LP or LLC for state-law purposes, but would elect to be taxed as a corporation for income tax purposes. If this is done, the tax filing requirements should not change. If a new business is being started, the client should consider forming an LP or LLC to conduct the new business.”
www.theblumfirm.com
The Blum Firm, located in Fort Worth, Texas, has been a leader in areas of estate planning, tax planning, and asset protection for more than 25 years.
Kasper & Associates
In case you haven't noticed, Inc. magazine is on our required reading list. No other publication caters to entrepreneurs and small businesses as effectively.
This month's edition includes an excellent column by Meg Cadoux Hirshberg, describing the challenges business ownership can place on a marriage and family. Goo...d to consider for those thinking about pursuing an entrepreneurial path.
www.inc.com
For entrepreneurs, there's never a right time to buy a house, start a family, have a life. While you are building a business, work-life balance inevitably suffers
Kasper & Associates Ever wonder what goes on in your banker's mind? Bruce Bradford's blog gives some interesting insights.
www.bankerbradford.com
Last week I enjoyed the opportunity to share, from a banker's perspective, what I am focused on in reviewing a client's financial statements. The questions from the group of about ten entrepreneurs helped ...
Kasper & Associates In many ways, while California is sinking, Texas is flying high.
www.economist.com
An intriguing, much more equal rivalry out West. But both California and Texas can learn from each other
Kasper & Associates Meet our merger and acquisition professional staff.
kasperassociates.com
Ed Kasper is founder and has been Managing Partner of Kasper & Associates since its inception in 1984.Formerly he has been owner and Chief Executive Officer of various manufacturing companies, primarily in the metals industry. ...
RECENT ACTIVITY
Kasper & Associates changed their Website.
