Markets are finicky – down, up, dependent on interest rates, geo-political risk – or are they just cyclical? Just over a decade ago the stock market and real estate market were sky high. A few years later you couldn’t give away most real estate and business valuations plummeted with minimal mergers and acquisitions (M&A) activity.
Today, valuations are frothier than ever and M&A activity is especially strong given historic low interest rates. The primary limiting factor to deals getting done is not the availability of money, but CEOs and business owners that demand extremely high prices for companies that were not sellable just five years ago.