John D. Wagner
John Wagner is a managing director at 1st West Mergers and Acquisitions, which offers a specialty practice in the LBM sector. To learn more, contact John at: j.wagner@1stWestMA.com, or visit www.1stwestma.com.
Latest Articles
Industry News
Generosity may nip your acquisition value
Columnist John Wagner discusses how year-end bonuses can unexpectedly impact an acquisition.
Industry News
Where are acquisition values holding?
In the LBM sector, the 10% Adjusted EBITDA margin is fairly common for companies that have a relatively small proportion of commodity lumber in their product mix.
Mergers & Acquisitions
Are you paying yourself FMV rent?
Most companies in the LBM sector have a separate LLC that owns the real estate where they have located their businesses.
Mergers & Acquisitions
Adjustments to EBITDA revisited
Readers of this column know that adjustments to EBITDA are one of my favorite topics.
Mergers & Acquisitions
Watch the spread between GPMs and OPEX %
OPEX % is a key performance indicator, and every buyer analyzes it closely.
Industry News
How to handle off-book inventory when selling your business
One of the last things the buyer does is perform a hard-count of the seller’s inventory so that the buyer has an opening balance sheet for their new operation.
Mergers & Acquisitions
What is a waterfall scenario?
Let's say you successfully found a buyer for your company, and you are wrapping up the due diligence process as the final stage before your deal proceeds.
Mergers & Acquisitions
‘10 and 10’ companies hold value in any market
Selling your business in an inflationary period doesn’t necessarily mean selling it at a discount.
Mergers & Acquisitions
Selling into an inflationary market
As always happens, we will cycle out of a down market and use the lessons learned to grow even more valuable companies in the future.
Mergers & Acquisitions
Parsing out deal elements as a percent of TEV
Buyers of LBM businesses are overwhelmingly private equity groups, and they think of deal elements (like senior debt, subordinate debt, seller’s notes, earn-outs, and escrows) as a percent of the total they pay for your company.
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