Goodwill Impairment (ASC 350): A Clear and Concise Guide
Goodwill is an intangible asset that arises when a company acquires another business for a price higher than the fair value of its net assets. While goodwill is not amortized, it must be tested for impairment to ensure it remains accurately reported on financial statements. This whitepaper provides an overview of goodwill impairment under ASC […]
U.S. Micro Middle Market Report – 2H 2024
Houlihan Capital’s Investment Banking group specializes in providing sell-side M&A advisory to owners of privately-held businesses within the Micro Middle Market (“MMM”), which we define as those with total enterprise value (“TEV”) below $250M. Our report, M&A Update: U.S. Micro Middle Market (“MMM”) 2H 2024 is available now! Our U.S. MMM report provides updates on […]
Houlihan Capital advised Cleveland Cement Contractors on the sale of certain assets to Baker Construction
Date: March 5, 2025 Client: Cleveland Cement Contractors Sector: Industrials Industry: Concrete Construction Houlihan Capital (Chicago, IL) acted as the exclusive financial advisor on the sale of certain assets of Cleveland Cement Contractors (Cleveland, OH) to Baker Construction (Monroe, OH). The transaction closed on March 5, 2025. Cleveland Cement is a self-performing, full-service concrete contractor […]
Michael Norton discusses Valuation Trends, Buyer-Seller Dynamics and Advice for Sell-Side Businesses with Levenfeld Pearlstein
Michael Norton, Director of Business Development, recently was invited to discuss the evolving M&A market with Robert Connolly, Partner in Levenfeld Pearlstein’s Corporate Practice Group. For the Q&A on valuation and deal trends, buyer-seller dynamics, and advice for sell-side businesses, click the button below.
Liquidation Preference: Evaluating Capital Stack Considerations in Fund Valuations
Valuing investments in private companies requires a robust understanding of the capital stack and the associated impact of liquidation preferences, conversion rights, and exit probabilities. A recurring debate in fund valuations concerns whether to apply the Option Pricing Model (OPM) or assume a Common Stock Equivalent (CSE) based on fully diluted shares when allocating company […]