On February 3-5, 2025, Michael Stone and Zac Venos of Porter White’s investment banking team attended the Association for Corporate Growth (ACG) M&A South Capital Connection in Atlanta, GA, along with over six-hundred private equity firms, investment banks, capital providers, and ancillary service providers. Among the private equity firms in attendance, the general sentiment heading… Read More >
News & Insights
PW&Co Promotes Zac Venos to Associate
Porter White & Company is pleased to announce the promotion of Zac Venos to Investment Banking Associate. Zac joined the firm in 2021 as an Analyst for Porter White’s Investment Banking division, supporting the firm’s merger and acquisition (M&A) advisory, debt and equity capital advisory, municipal advisory, business valuation, and public and project finance advisory… Read More >
Healthcare & Life Sciences M&A Industry Report, Q4 2024
We are pleased to present the Q4 2024 installment of the Healthcare and Life Sciences M&A Industry Report, a high-level examination of the latest trends and transactions in the healthcare and life sciences industries. In this issue: Market Overview Macroeconomic Environment Highlighted Deals and Multiples Venture Capital Market Overview Recent Healthcare M&A Deals Public Company… Read More >
Manufacturing M&A Industry Report, Q4 2024
We are pleased to present the Q4 2024 installment of the Manufacturing M&A Industry Report, a high-level examination of the latest trends and transactions in the manufacturing industry. In this issue: Market Overview Macroeconomic Environment Public M&A Activity and Trends Private M&A Activity and Trends Public Company Valuations Interested in M&A Advisory Services?
Foundry & Metal Casting M&A Industry Report, Q4 2024
We are pleased to present the Q4 2024 installment of the Foundry and Metal Casting M&A Industry Report, a high-level examination of the latest trends and transactions in the foundry and metal casting industry. In this issue: Market Overview Macroeconomic Environment Public M&A Activity and Trends Private M&A Activity and Trends Interested in M&A… Read More >
PW&Co Investment Bank Advises GHS on Hospital Sale to HCA
Porter White Capital Advisors (“PW&Co”), a Birmingham investment bank, is pleased to announce that it served as the exclusive sell-side advisor on the recent sale of Jackson Medical Center (“JMC”) to the City of Jackson Health Care Authority (the “Jackson HCA”). Since 1975, PW&Co has served as advisor and investment bank to numerous healthcare entities… Read More >
Sunset of Tax Cuts and Jobs Act Creates Planning Challenges
In December 2017 the Tax Cuts and Jobs Act (TCJA) was passed, making substantial changes in the tax code, including increased gift and estate tax exclusions and modifications to tax brackets. However, many changes made under the TCJA are set to expire December 31, 2025. Potential reversion back to pre-2017 law is impacting income tax… Read More >
PWCO Promotes Ross Walker to Associate
Porter, White & Company is pleased to announce the promotion of Ross Walker to Associate. Ross joined the firm in 2020 as a Financial Analyst supporting the Investment Management division through investment analysis, portfolio management, and trading. In 2021, he transitioned to work with the Investment Banking practice as well, supporting activities such as mergers… Read More >
Porter White Moves to the Historic Woodward Building
Porter White recently moved to the tenth floor of the historic Woodward Building in downtown Birmingham from its home in the Steiner Building for the last 40 years. To learn more, read this B’ham Now article for a sneak peek into our new office space.
PW&Co Completes Sale of Renaissance Manufacturing Group
Certain principals of PW&Co acted as the exclusive sell-side advisor to Renaissance Manufacturing Group, LLC and its ancillary businesses in its sale to the Lawton Standard Co. PW&Co’s investment banking team was led by Michael Stone with support from Zac Venos. Based in Waukesha, WI, and with locations in Anniston, AL and Grafton, WI, RMG… Read More >
SECURE 2.0: Tax Credits for Small Employer Plans
After the SECURE 2.0 Act was signed into law at the end of 2022, we highlighted some of the implications for business owners and savers. One such highlight that we want to focus further on is the tax credits offered to small employers. While the original SECURE Act created tax credits for small employer plans,… Read More >
PW&Co Advises on Acquisition of Print Brokerage
PW&Co, a Birmingham investment bank, served as the buy-side advisor to a consortium of credit unions in the acquisition of a print brokerage and management firm (“the Company”). PW&Co’s investment banking team was led by Michael Stone with support from Zac Venos and Ross Walker. The Company provides graphic design, printing services, promotional items, office… Read More >
PWCO Promotes Michael Stone to Managing Director
Michael Stone has been promoted to Managing Director of Investment Banking for PW&Co. In Michael’s 12 years with the firm, he has worked in all aspects of the firm’s business activities, including mergers and acquisitions, capital raising, municipal advisory, strategic consulting, business valuations, and distressed situation advisory. Michael formerly served as Director of Investment Banking… Read More >
SECURE Act 2.0: Highlights for Employers and Savers
The SECURE 2.0 Act was signed into law on December 29, 2022, and the implications for both business owners and savers are prevalent. Some of the important highlights include potential savings for employers, the increased emphasis on Roth options, and the additional savings assistance allowed for savers within plans. The legislation builds on the Setting… Read More >
PW&Co Advises on Acquisition of an Insurance Brokerage Company
PW&Co served as the buy-side advisor in the acquisition of an insurance brokerage firm (the Target) by a credit union service organization (CUSO). PW&Co’s investment banking team was led by Michael Stone with support from Zac Venos and Ross Walker. The CUSO was interested in acquiring the Target to retain its owner and to acquire its… Read More >
What’s It Worth – Q3 2022
Despite a record setting year in 2021, M&A activity is being challenged by macroeconomic and geopolitical headwinds. Rising interest rates and inflation rates are putting downward pressure on pricing metrics in both the public and private markets. Public markets are taking the hardest hit in 2022, as economists and industry professionals are signaling for a… Read More >
Municipal Market Update – Q3 2022
Macroeconomic pressures characterized the market during the third quarter of 2022, as investors and issuers continue to grapple with a rising rate environment. Treasury and MMD yields continue to rise from the pandemic-era lows and the Federal Reserve Board has indicated it will maintain its aggressive monetary policy tightening until inflationary pressures are in check…. Read More >
Georgia Banking Almanac – 2Q22
We are pleased to present the latest installment of Banking Almanac, a comprehensive report on all Georgia banks and thrifts with data as of and for the twelve months ended June 30, 2022 as well as a comprehensive view of Community Bank performance, defined as banks with less than $2B in assets for banks in… Read More >
