by Tim Moore, Managing Partner, TR Moore & Company
The partners and I would like to thank everyone who came out to “toast to growth” with us last Wednesday during our annual client appreciation event at the Omni Hotel. It was a special night for us as we celebrated our clients, our friends in the business community and our recent merger along with the partners of Doeren Mayhew.
It was also a great opportunity to hear from a cross-section of business owners and the professionals who serve them regarding what we are seeing in the marketplace here in Houston and across the country:
- Entrepreneurs who are still being opportunistic, taking advantage of opportunities to position themselves ahead of their competition.
- A mergers and acquisitions environment that is becoming increasingly more robust, with more interest among strategic buyers and private equity groups over the last eight months due to lower interest rates.
- Expansions by companies into other geographic markets to gain market share ahead of the competition.
- More businesses needing assistance in increasing their lines of credit or raising capital.
- Mergers among like entities to achieve reduced costs, economies of scale and increased market share.
These positive trends are in line with the improvements we’re beginning to see among our client base, and we expect to continue on this path as we approach year end and 2011. If you aren’t one of those owners who is working to take advantage of the opportunities available today – whether that be growth or exit – I encourage you to start that conversation up with your professional advisors to position yourself at the forefront of the improvement.
