Jeff Reed, Senior Vice President of Evergreen Location Strategies will attend the 19th annual Business Facilities LiveXchange event in Myrtle Beach April 24th -26th where he will join professionals from across the country. With over 30 years’ experience in location analysis, site selection, and business incentive services, Jeff brings a wealth of knowledge and strategic consulting to not only corporate entities in the U.S. and abroad, but also to economic development agencies and communities seeking to gain a competitive edge. He is an expert in creative solutions to ensure ELS clients increase project ROI by maximizing incentives such as tax abatements and cash grants for infrastructure, new jobs, machinery and equipment, employee training and much more.
[Read more…]Cash Flow Management During a Recession
A recession is a period of economic slowdown that can have far-reaching consequences for businesses and individuals alike. With that in mind, it is more important than ever to be proactive and take control of one’s cash flow. It is a critical for both businesses and individuals to navigate the challenges posed by a recession.
Here are five ways to manage cash flow during a recession.
Evaluate all your outgoing expenses and prioritize them based on importance. Pay bills for essential services first, such as utilities, rent, and payroll. Evaluate if you are able to delay or renegotiate payments for non-essential expenses. Extending terms just five to ten days can have a huge compounding impact on your cash outlook.
[Read more…]Evergreen Advisors Welcomes Back Former Secretary of Commerce Mike Gill
Evergreen Advisors, a middle-market investment bank and corporate advisory firm with offices in both Columbia, MD, and McLean, VA, is delighted to announce that Mike Gill is returning to the firm as Chairman.
“We are thrilled to have Mike back on the team; the combination of being the first Secretary of Commerce of Maryland and his incredible business acumen makes him a tremendous asset to our clients and those companies looking to grow and expand their businesses. We couldn’t be happier to have him back!” noted Shelley Lombardo, Chief Operating Officer of Evergreen Advisors.
Mike is a business leader with four decades of experience as an entrepreneur, technology executive, investment banker, and public servant. Former Governor Larry Hogan selected him in 2014 and 2021 to head the Maryland Department of Commerce as its first-ever Secretary. While under Mike’s leadership, Commerce created an aggressive customer outreach effort, expanded its business development team, and increased its emphasis on Maryland’s growth industries, including life sciences, cybersecurity, advanced manufacturing, and higher education.
[Read more…]Evergreen Advises n2grate on its sale to BlueAlly
Evergreen Advisors Capital, a middle-market investment bank, is pleased to announce that BlueAlly, a Source Capital portfolio company, has acquired n2grate. Evergreen Advisors Capital acted as the exclusive financial advisor to n2grate. The terms of the transaction were not disclosed.
Rick Kohr, Chief Executive Officer of Evergreen Advisors Capital, noted, “Steve Halligan and the whole n2grate team have done an incredible job scaling the company to the outstanding IT consulting firm it is today. It was a pleasure to work with their team, and we are very excited about what BlueAlly and n2grate can do together”.
n2grate boasts a 13-year history of successfully supporting their government clients and large corporations with a range of information technology (IT) solutions. The company is a leading government IT solutions that has expertise focusing in networking, security, and infrastructure.
[Read more…]Vicki Horton Featured in January’s Site Selection Magazine
Vicki Horton, CEO of Evergreen’s Location Strategies practice, was featured in January’s issue of Site Selection Magazine to provide insight on key factors influencing the shifting sunbelt workforce. The article “Where, O Where Have the Laborers Gone” summarizes a recent survey completed by Site Selection Magazine covering why skilled workers are migrating to warm weather regions and the resulting impact on companies needing to increase labor pool access.
[Read more…]“There is a trend over the last five years that is generationally based,” says Vicki Horton. “Millennials have decided to move to second-tier cities like Charlotte, Nashville, Richmond, and Chattanooga. The labor force being there draws companies to those markets.”
Transaction Risk and Fairness Opinions
For almost 40 years, Fairness Opinions have been used as a critical part of the mergers and acquisitions process. A fairness opinion is a financial advisor’s opinion that states whether or not the financial terms of a proposed transaction are within a range of fairness, expressed from an economic point of view to one or more specific parties of the proposed transaction as of a particular date. By hiring a third-party financial advisor to issue a fairness opinion, company boards and trustees are able to mitigate risk and help fulfill their fiduciary responsibilities to their shareholders. Fairness Opinions have become a regular feature of corporate transactions since 1985 when the Delaware Supreme Court issued its opinion in the landmark case Smith v. Van Gorkum.
In Smith v. Van Gorkum, the Court found that a corporate board (Trans Union Corporation) breached its fiduciary duty of care by approving a merger without:
- understanding adequate information on the transaction
- including details on the value of the company
- reviewing the the fairness of the offering price
Rick Kohr Featured Capital M
Evergreen’s Chief Executive Office Rick Kohr was featured on Maryland Tech Council’s Capital M podcast, where he discussed what investors look for when considering investing in new companies and what is most important for companies when raising capital. The MTC’s Capital M podcast addresses the capital markets in DMV and elevates the conversation to help companies prepare for the market.
Don’t miss this podcast for an expert’s insight to hear what Rick Kohr has to say!
Evergreen Advisors Welcomes Jeffery Kinderman
Evergreen Advisors, a middle-market investment Bank, and Corporate Advisory firm, with offices in both Columbia, MD, and McLean, VA, is pleased to announce the addition of Jeff Kinderman to our Investment Banking practice.
“We are proud to add Jeff as an integral member of our investment banking team. Jeff‘s significant experience in deal execution and thought leadership in professional valuation services will add to the already robust capabilities of our investment banking practice. We are thrilled for him to be joining our team, and he is already adding value.” Stated Sam DiPaola, President and Managing Director of Evergreen Advisors Capital Investment Banking practice.
[Read more…]
Evergreen Advises Communications Electronics on its sale to Mobile Communications America
Evergreen Advisors Capital, a middle-market investment bank, is pleased to announce that Mobile Communications America has acquired Communications Electronics. Communications Electronics is a leading provider of communication technology to public safety agencies, schools, hospitals, and enterprises across the Mid-Atlantic. Evergreen Advisors Capital acted as the exclusive financial advisor to Communications Electronics. The financial terms of the transaction were not disclosed.
“We are excited to have advised Communications Electronics throughout their acquisition,” said Rick Kohr, CEO of Evergreen Advisors Capital. “Communications Electronics is a leading provider of technology and expertise in the public and private sector markets; their track record of being a unified solution for customers made them an attractive acquisition target, and I look forward to seeing what these two companies can do together.
Communications Electronics boasts a 46-year history of successfully making mission-critical connections across the Mid-Atlantic. The company provides core communications technology by focusing on system design & engineering, sales, installation maintenance, technical support, and service agreements to ensure optimal systems and critical infrastructure performance.
[Read more…]Entrepreneur Spotlight: COMSO
Giving Back and Exceptional Performance are two ways COMSO is making it happen every day within the IC and IT industry in Maryland. Check out more about how they do it in our Entrepreneur Spotlight with Jacqui Magnes, CEO of COMSO.
- How did you come up with the vision, “Together we will Make it Happen”?
When I acquired COMSO, my vision was more of a textbook vision- Exceptional performance in all that we do. After rebranding and refreshing COMSO, digging deep to understand the resiliency and capabilities of COMSO, and do not forget to add, operating through a pandemic, we were Making it Happen every day, and we were doing it together. Change was starting to be fearlessly embraced, and confidence in our ability to prevail and grow, regardless of the circumstance, was being established. Exceptional performance is now one of our values.
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