M&A Market Continues Thumb Twiddling
Running a recent Ironman in Australia sounds exhausting, but McLean Group principal Cameron Hamilton says the M&A market is even worse. CompSec's recent sale to DC Capital Partners might be one of the few in the coming months, Cameron says. The McLean, Va.-based government contractor will join the DC private equity firm's intel portfolio. But higher tax rates and uncertainty are keeping potential sellers on the sidelines even though buyers want to do deals to make up for slower organic growth. Any transactions done in the next few weeks will be ones that had been on hold last year. M&As may pick up again if Congress can resolve the budget and sequestration. Transactions will be slow to closeas buyers spend lots of time on due diligence.