May 16, 2013
Small Business Acquisitions Increase 56% in One Year
Blame it on the baby boomers says the AP’s Joyce Rosenberg.
BizBuySell.com says retirement was the number one contributor for the uptick.
“It was almost like a light switch went on in January. We started getting a lot of activity with sellers who said, `I don’t want to go through another downturn or tough time. I want to see if I could sell my business,” says one broker.
“Trillions of dollars of business value are going to change hands in the next 10 to 20 years,” says Bob Balaban, managing director at Headwaters MB, an investment bank based in Denver. He believes so-called `strategic acquisitions’ – purchases by companies looking to expand – will be a key factor in that trend. In a tight economy, companies looking to grow feel that it would take years to build up their businesses.”