As I write this, the temperature is hovering near 100 degrees. At the same time, the politicians have been playing their game of brinkmanship in Washington for many days. Much like the weather, I am weary of it all and anxious for them to move forward.
Many companies in the industry also seem to be anxious to move forward. There is a good bit of activity developing in the green industry marketplace. A number of companies are taking the opportunity to expand their footprints coming out of the recession. For example, The Brickman Group moved into the key Los Angeles market with an acquisition.
The sustained downturn in commercial real estate construction continues to take its toll on companies focused on that segment, particularly in markets like Florida that saw the deepest drop in construction activity. It is distressing to see former industry leaders struggle. We know, however, that even those situations create new opportunities.
This is a good time to take stock and examine where the best opportunities lie for your business.
As always, if you are considering buying or selling a green industry business or are interested in exploring the exit planning process, we would be happy to speak with you.