U.S. Midterms impact on M&A
Hi monkeys,
I'm concerned that the elections may have an adverse impact on M&A. Specifically, Im concerned about the Senate race between Mary Pelota and Dan Sullivan, for the senate seat of Alaska.
Historically, Dan Sullivan's policies have been friendly towards the state's thriving M&A industry. This includes the historic merger between Burt's Salmon Supply ($430,000 valuation) and Aurora Fisheries ($650,000 valuation), the largest merger ever in the state, facilitated by the Wells Fargo, Anchorage branch.
If Mary Pelota wins the race, do we expect an exodus from Alaskan M&A?
This may be the most important election of our lifetime. Dan Sullivan is an American and a patriot! Mary Pelota supports mandatory sex changes for all kids!
Dan Sullivan personally backed the 2013 merger between Schlotzsky's Steel ($11m) and Collin’s Supply Co ($4.3m, 3.4x EV/Ebitda, 60% equity, 40% debt) using his own oil futures!
“If you're evil, you're at least competent. And if you're evil, you're not bad, and therefore maybe you're actually kind of good because you're at least getting something done” - Dan “The Man” Sullivan!
I agree wholeheartedly
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