2016 - Year in Review

carter morse and goodrich sign outside

January 1, 2017

As we look back on 2016, we would like to highlight some of the notable achievements during our 29th year in business.  

It has been another strong year for CMM, as measured by the number of closed transactions, the valuations achieved for our clients, the recognition we have received and our continued personal involvement in our communities.  Our success is a direct result of the trust and strong relationships with our clients, referral sources and friends.

As we look ahead to our 30th year, we remain enthusiastic about the deal-making industry which is experiencing record high valuations, low cost of capital and a strong appetite for growth from both strategic and financial investors.  We invite you to contact us if we can provide any insights or be helpful to you or your clients as they consider strategic options to Maximize Shareholder Value.

Selected Completed Transactions:

Really Good Stuff, a multi-channel marketer of innovative classroom products and teaching tools, was acquired by Excelligence Learning Corporation, a portfolio company of the private equity firm Brentwood Associates. Carter Morse & Mathias served as Really Good Stuff's exclusive financial advisor for the transaction.  Read More...

Pegasus Manufacturing, Inc., a second generation family-owned aerospace manufacturing company considered a world leader in fabricated tubes and pipe assemblies, precision manufacturing and gears, was acquired by Leggett & Platt Inc. Carter Morse & Mathias served as Leggett & Platt's exclusive financial advisor for the transaction. Read More...

CMM provided a fairness opinion to Hamilton Robinson Capital Partners in connection with its recapitalization of Custom Engineered Wheels, North America's leading designer and manufacturer of "no-flat" engineered wheel solutions, producing more than 20 million wheels annually.  Read More...

Excent Corporation, a provider of data management software solutions designed for special education and student intervention management, has been acquired by Frontline Education, a K12 software company backed by Insight Venture Partners. Read More...

ComNet, a video and data transmission equipment manufacturer that specializes in the security and surveillance in the intelligent transportation systems, utility and industrial markets, in their sale to Access Control and Related Enterprises, a portfolio company on LLR Partners.  Read More...

Active Engagements:
In addition, we continue to advise a number of companies, families and boards as they consider both strategic transactions or capital formation initiatives.  Currently, we have a number of active engagements, including:

·  Specialty Chemicals: Representing a conglomerate on the potential divestiture of an operating division focused on commodity and specialty chemical manufacturing to a strategic acquirer.  We have been advising this client on maximizing shareholder value for nearly 10 years. (Under LOI)

·  Business Services: Advising the majority shareholder of a large residential and commercial services company on its majority recapitalization with a private equity investor. (Under LOI)

·  Manufacturing: Representing a private equity backed portfolio company in its acquisition of a complementary network equipment manufacturer. (Under LOI)

·  Healthcare: Representing a family held pharmacy company that provides community retail locations, specialized clinics and assisted living facilities with medicine dispensing services. (Preparing for Market)

In addition, there are a number of other exciting mandates and prospects in our pipeline that we anticipate bringing to the market in the near future, in our core manufacturing, consumer, technology and business service industry verticals.

Personnel Updates:

We are pleased to announce that Andrew Bangser has joined the CMM team as a Managing Director.  

Prior to joining CMM, Andy was the head of finance, technology and business strategy for Really Good Stuff Inc., an educational products company.  The CMM team worked directly with Andy in the trenches when we represented the company in its sale in January 2016 to Excellegence.  Prior to Really Good Stuff, Andy was a founder and the CFO, COO, and (from 2010) President of Foundation Source, the nation's leading provider of administration for private foundations, and was the CFO of Home Financial Network (acquired by Sybase).  For more then 15 years, Andy was with GE Capital as a Senior Vice President of GE Venture Capital in Boston and the leveraged buyout group of in NY.  

We are thrilled to welcome Andy to the CMM team!

New Offices:

After more than 20 years in one place, CMM's new headquarters remains in Southport Village, but is now is located within The Tide Mill Building, a historic landmark built in 1712. The building straddles the Southport Harbor and is literally on the water. We invite you to visit our unique and inspirational location the next time you are in the neighborhood.  


Carter Morse & Mathias continues to be recognized by our peers for our work with clients including awards from:  

International Expansion:

CMM's international alliance, AICA, has added a number new affiliates, further expanding CMM's reach across the globe, including:

- CMT Advisory, Poland

- VD&P Corporate Finance, Belgium

- YES Corporate Finance, The Netherlands

- MCM Partners, Hong Kong

- ALYS Consulting, Turkey

- Capnua Corporate Finance, Ireland

CMM is a charter member of AICA, an international network of more than 38 M&A firms in over 30 countries across the Americas, Europe, Asia, Latin America and the Middle East.  For more information, please see www.aoica.net

About Carter Morse & Goodrich

Located in Southport, Connecticut, Carter Morse & Goodrich is a boutique M&A advisory firm that specializes in representing founder-led and family-held businesses valued between $25 million and $250 million. While CMG provides a full range of investment banking services, our primary focus is representing owners who are pursuing their once-in-a-lifetime M&A transactions. CMG specializes in advising leading companies in niche markets to plan, prepare, execute, and close successful transactions that maximize shareholder value. CMG fully understands and appreciates the unique dynamics of closely-held businesses and the importance of owner legacies. For 35 years, the combination of our hands-on approach, senior banker attention, strategic guidance, seamless transaction execution and extensive network of domestic and international resources has enabled us to become a trusted advisor to hundreds of business owners.

CMG's Broker/Dealer affiliate, Carter Capital Corporation, is a FINRA member firm registered with the SEC and SIPC.

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