Mazzone & Associates

We’re excited to share that Managing Director Jonathan White will be a panel moderator at AWA’s Global Release Liner Summit on March 20, 2025. This premier event provides a comprehensive understanding of release liner markets and applications, highlighting growth opportunities for everyone involved. Join Jonathan and other industry leaders as they explore key trends, innovations, and the future of this evolving sector. https://lnkd.in/er3CJVkC

?????? ?????????????????? ???????? ??????’?? ??&?? ?????????? Mazzone’s senior professionals recently attended the ACG M&A South Conference—a great opportunity across 100+ meetings to stay ahead on current market dynamics shaping private equity and private credit activity. Below we share a summary of our insights: ?????????????????? ???????????????? ???? ?????? ??????????????? Across many of our meetings, we observed common investment thesis from the private equity community. There’s growing interest in industries such as ????????????????????, ???????????????? ??????????????????, ?????????????????????????? ????????????????, ??????????????/????????????????????, ?????? ?????????????????????? ?????????????????????? ????????????. These sectors are becoming increasingly attractive for investors due to their resilience, innovation, and long-term growth potential. ???????? ???????????? ????????????????? The debt market is showing incremental improvements, with a notable rise in ?????????????? ???????????? ?????????????? ????????????????. In 2024, we also saw renewed ?????????????????????? ???????? ??????????, which positively impacted pricing and terms; however, in the face of tariff concerns and other market uncertainty, we are noticing heightened scrutiny throughout underwriting processes in the early stages of 2025. Additionally, ???????????????? ???????? ???????? ?????????? are making a comeback as companies seek greater flexibility in an uncertain macroeconomic environment. ???????????????? ?????????????????? ?????????? As M&A advisors, we are guiding our clients in highlighting key factors that strengthen their position during diligence. These include: ? ???????????????????????????? ?????????????????? ???????????? ???????????????? to showcase operational efficiency. ? Ensuring ???????????????????? ???????????????? ?????????????? ???? ?????????????? are well-documented. ? Providing clear ???????????????????? ???? ???????????? ?????????????? and ?????????????????????? to instill confidence in potential investors. As the market continues to evolve, we remain committed to advising clients to position themselves strategically in evaluating options and maximizing long-term value creation.

One of the ways we’re able to deliver maximum value to our clients is by investing in our relationships. With its high concentration of leaders in the Middle Market M&A space, ACG Atlanta's M&A South provides a unique opportunity to strengthen our existing relationships with Middle Market private equity and mezzanine capital providers as well as develop new, meaningful connections with potential partners. Are you attending? Stop by our exhibitor booth (H3) or reach out to connect with Stuart Sanford, Dustin A. Ramsey, Dustin Dawson, and Ryan Durham.

Transaction Announcement ? Mazzone & Associates is pleased to announce it recently advised the executive team of MFLGH Inc. (dba MGroup) on its recapitalization with Source Capital. MGroup is a leading brand and provider of building products and solutions in the hospitality, multi-family, student housing, and other multi-unit end markets. The Company maintains a broad, unique portfolio of building products and materials for both renovation and new build projects, including shower pans, shower doors, shower surrounds & accessories, custom cabinetry, Ultracera? countertops, sinks, and flooring.? ? Bo Burdette, CEO of MGroup?, highlighted: “This deal was a significant milestone for our company. Stuart Sanford and the Mazzone team played a pivotal role in shepherding the deal through every stage, including structuring the transaction, securing a capital partner, negotiating terms, expediting diligence and facilitating a successful closing. Their understanding of our products and end markets, coupled with their hands-on approach, made all the difference. Our new structure allows us to build on the strong foundation laid by our founders and continue delivering exceptional value to our customers and employees.” Read the full announcement on our website: https://lnkd.in/eZYX8XwV

Mazzone & Associates is exhibiting at ACG Atlanta's M&A South! We look forward to exchanging insights, exploring opportunities, and fostering new connections at this premier networking event for industry leaders in all facets of corporate growth and Middle Market deal making. Are you attending? Let us know below so we can connect.

The Fall 2024 edition of Mazzone & Associates' Industry Insights: Global Packaging newsletter is here: https://lnkd.in/djJhnVcZ Here are some key observations from this edition: 1. Through Q3-2024, transaction volumes rebounded by 14% over the same period of 2023, roughly in line with 2022 (-2% vs 3Qs 2022). This improvement occurred in Q1 and Q2, which produced the highest quarterly volumes since 2022. 2. Third quarter volumes, however, softened slightly. Anticipation of interest rate reductions in both North America and Europe likely held some financial sponsors at bay, and the pending election in the US may also be creating uncertainty which is keeping buyers in the wings. We view these as transitory issues and anticipate additional volume growth in 2025. 3. Segment outperformers (in volume) were the same as noted in our Winter 2024 edition - Machinery & Equipment and Rigid (non-plastic) packaging. Rigid Plastic Packaging also notched an increase in activity. Those segments with lesser activity include Flexibles and Labels. 4. On a run-rate basis through Q3, corporate buyers, new sponsor platforms, and sponsor add-ons were less active in 2024 versus 2023. The big change was the appetite from private buyers, which is on pace to double activity in disclosed transactions. 5. On the limited year-to-date sample, it appears that average deal pricing (as measured by EBITDA multiples) stabilized in 2024 after falling for 2 consecutive years, with multiples roughly equal to 2023’s level. 6. Over the last five years, premium valuations were observed among Flexibles, Machinery & Equipment, and Rigid Packaging (non-plastic); discounted (less than average) pricing was noted among Distribution / Contract Packaging, Paper, and Labels. This has generally held true in 2024 but with some interesting longer-term trends emerging among the segments. 7. As noted previously, there remain a number of transactions that have been put “on hold.” The economic and political environments are creating uncertainty which continues to weigh on pricing, and if sellers are looking for a return to 9x+ multiples, it appears that they will continue to wait well into 2025+. #PackagingIndustry #IndustryInsights #Newsletter

Mazzone & Associates was pleased to attend the Northstar Private Equity Heavy Hitters? Southeast event with 30 leading Private Equity firms looking to acquire middle market companies with EBITDA of $10mm-$30mm.? ? Stuart Sanford, Ryan Durham, and Bradley Herring represented Mazzone at this first-class event,? which provides a breadth of insights across private equity’s view into various trends and industries including industrials, technology, healthcare, and consumer markets. Below are a few observations from our meetings: -After a slow start to the year, the number of assets coming to market has steadily increased. While deals coming to market are up from earlier this year, the quality of these assets still varies widely as there are still quite a few “reboots” out in the market. -The debt capital markets continue to slightly improve for sponsor-backed transactions as competition from both banks and private debt has increased throughout the year—on >$10mm EBITDA platforms, spreads have come down over 100bps+ and total leverage on transactions has creeped up 0.5x to 1.0x EBITDA. -Large corporations have been slower than expected in bringing identified non-core carveout assets to market; however, there continues to be optimism around a more positive interest rate environment driving additional deal flow in this segment of the market.??

Mazzone is pleased to introduce its new Analysts, Vanessa G. and Henry Dombrowski. We are delighted to welcome these talented professionals to our team and look forward to seeing their skills and dedication benefit our clients.

Mazzone & Associates is pleased to announce that it acted as exclusive financial advisor to?ValorBridge Partners with respect to its investment in?Atlas Carts. Read the full announcement on our website at https://lnkd.in/eZxPHXN2

I always say, “The dumbest thing I did was put my name on the door, and the smartest thing I did was fill our investment bank with remarkably talented people.” I am appreciate our amazing team Mazzone & Associates.