ACT Capital Advisors is pleased to announce 14 closed transactions for 2019, making it another record-breaking year. In addition, ACT’s average transaction size was up over 40% from 2018.
Bob Hild, ACT’s Chairman said, “I would like to thank our team of professionals for their outstanding performance in 2019. In 2019 we continued to expand our national platform by adding offices in San Francisco, Salt Lake City, and expanded our Midwest practice to include offices in Cleveland, Des Moines and Grand Rapids. We currently have nearly 30 professionals serving our 11 national locations. We expect our new professionals will hit the ground running and contribute to our pipeline in 2020. Even without the new additions, our pipeline is stronger than it was last year at this time.”
In 2019, ACT became a National Platinum Vistage Sponsor. Vistage is a nationwide peer-to-peer mentoring program for CEOs. As a Sponsor, ACT is able to interact with over 10,000 CEOs and gain an understanding of their thinking in real time. Bob Hild noted, “Vistage members are concerned about where we are in the economic cycle. They have seen this show before and are wondering if a recession is around the corner. With valuations at historical levels driven by strong economy, low interest rates, and $1.5 Trillion of Private Equity liquidity, they are pondering if now is the best time to sell. Fear of missing the peak of this economic cycle will lead more business owners to take action, as a result I anticipate we will sell more businesses in 2020.”