The U.S. economy in 2012 is proving to be a favorable climate for the purchase and sale of businesses. Many companies are spending cash reserves on strategic and value acquisitions designed to improve their business, rather than continuing to preserve cash to protect against a difficult economy. Private equity funds are seeking to maximize their long-held portfolio investments and to seize new opportunities. Banks have stabilized their capital positions and are lending again.
In this climate, small and middle-market companies may want to sell their businesses for a variety of reasons, including diversification into other investment opportunities; the opportunity to realize a …