market trends
multiples return to prerecession levels
regardless of industry. This is a good sign.
Beyond valuation metrics, 2013 should
be a strong year for business owners who
are looking to make an exit in the next
few years. Given the transition to production on major aerospace platforms,
the market is generally at a healthy point
in the cycle. But in any industrial sector, the cycle can change quickly. Strong
market conditions don't turn on a dime,
but they also don't last forever. At some
point, there will be another downturn,
and it's not out of the question that it
could come in the next couple of years.
Larger companies with owners near their
golden years will face a decision: either
invest in innovation or make acquisitions
to spur growth and stay competitive. We
don't expect owners who survived the
last downturn to have an appetite for going through another one. We will not be
surprised to see, before too long, some
of the more well-known names in the industry change hands.
The author extends a special thanks to industry
consultant Steve Speak (Steve Speak Coaching
and Consulting, Scottsdale, Ariz., steve@stevespeak.com) for his contribution to this article.
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themoldthanoilorelectriccartridgeheaters
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Composites special - Additional documents for the composites sector
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Phone: 330.920.9200, ext 137 • Fax: 330.920.4200 • Website: www.quintax.com • E-Mail: sales@quintax.com
march 2013
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