Tully and Holland

Mergers

Tully & Holland works on behalf of the seller to evaluate, recommend, structure and close the transaction. more info >>

Acquisitions

On behalf of the buyer, Tully & Holland conducts searches, negotiates and structures the transaction and follows through to closing. more info >>

Private Placements

Tully & Holland is licensed to assist clients in raising equity and debt for expansion, acquisitions or recapitalizations.
more info >>

Valuations

Tully & Holland provides valuation services to current and prospective clients. more info >>



T&H Newsletter Join Now >>

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Tully & Holland is Attending
 
 
Sweets & Snacks Expo
May 20-22, 2014
Chicago, IL
 
Internet Retailer Conference & Exhibition
June 10-13, 2014
Chicago, IL
 
ACG DealFest Northeast
June 18-19, 2014
Boston, MA
 
Summer Fancy Food Show
June 29-July 1, 2014
New York City

T & H Market Trends Index

LTM as of 4/14/2014

$M EBITDA REVENUE
< 25   05.72x   0.95x
25 - 100   06.96x   1.13x
100 - 250     6.59x   1.40x
250 - 500     7.11x   1.50x
> 500   08.68x   2.48x


Source: Capital IQ

Data includes multiples between 3x and 25x excluding real estate and telecommunications transactions.


Transactions

A selection of recently completed transactions by Tully & Holland, Inc. See listings >>


 
Tully & Holland
20 William Street, Suite 135
Wellesley, MA 02481

781.239.2900
info@tullyandholland.com

Member SIPC Member FINRA

Chain Store Sales Quarterly Update


Comparable Sales Tracking - Quarter 4 - 2013 
February 2014 - Tully & Holland reported flat median comparable store sales growth, reflecting the weakest performance we've witnessed since 2009.  Only fifty-two of the chains monitored (49%) reported positive growth in same store sales in Q4 of 2013 versus Q4 of 2012. >>>

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Tully & Holland Announces Acquisition by S&S Worldwide

S&S  Logo

 

December 31, 2013 - Wellesley, MA-based Tully & Holland ("T&H") is pleased to announce another successful conclusion to a buy-side M&A advisory engagement.  The firm represented S&S Worldwide in its acquisition of the assets of a confidential, internet marketing company.  This is the fourth transaction in which Tully & Holland represented S&S Worldwide. >>>

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Restaurant Industry Update


December 2013 - Despite numerous headwinds amidst economic uncertainty, restaurant merger and acqusition activity remained stable with 84 closed transactions through November 2013.  Private equity funds were the most active buyers in 2013, accounting for 34% of all restaurant transactions up from 27% in 2012. >>>

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Food Industry Snapshot - November 2013

 

Transaction Volume and Transaction Values

November 2013 - Over the past 36 months, Tully & Holland has tracked 620 M&A transactions within the US Food Industry.  YTD M&A activity for this sector has been on a downward trend since 2011.  In the most recent quarter, transaction volume was down 6% from the same period a year ago.  > > >

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"Our deep industry knowledge in combination with 20 years of successfully completed transactions enables us to provide clients with sophisticated financial advice."

 

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NOTABLE QUOTES
 
Tim Tully, Tully & Holland's President and Head of Food & Consumer Group 
 
Law360

January 14, 2014 - Japan's Suntory Holdings Ltd. announced its offer to purchase Beam Inc. and its cachet of portfolio brands.    In the article, After $16B Beam Buyout, Smaller Booze Deals on Horizon, Tim Tully comments on the sizable deal.

 
 
Stuart Rose, Tully & Holland's Multichannel Merchant Group Managing Director
 
Internet Retailer

January 14, 2014 - Google this week said it would spend $3.2 billion to buy Nest, which runs the Nest.com online site and the store.nest.com e-commerce site. In the article, Google Cozies Up To Consumers In Their Homes, Stuart comments on the acquisition.