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 >
News & Insights
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 >
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 >
“Great Time to Be a Seller”: Takeaways from ACG M&A South
Last month, Porter White attended the ACG M&A South Capital Connection in Atlanta, along with over two-hundred private equity firms, investment banks, and other capital providers. The story we have heard for years continued – competition to invest capital and close deals has continued to drive up valuation multiples and the private equity market is… Read More >
Are a Few Low-Cost Investment Options Enough?
Some 401k Plan Sponsors have taken the approach of providing a broad range of investment options hoping that providing a few, low-cost index funds would fulfill their fiduciary duty to monitor fees and expenses of their plan. The logic here was that a participant is free to choose between low cost and higher cost investment… Read More >
PW&Co Completes Sale of Franklin Iron Works and Alabama Casting
PW&Co, a Birmingham Investment Bank, acted as the exclusive sell-side advisor to Franklin Iron Works, Inc. and Alabama Castings, LLC (collectively “Franklin Iron” or the “Company”) in their sale to Druid Capital Partners and Elyton Capital. Based in Thorsby, AL, Franklin Iron was founded in 1975 as the Tommie Corporation, and is a leading… Read More >
Should I Check the Per Stirpes Box?
Many people save for retirement in a defined-contribution retirement plan (like a 401k) or an individual retirement account (traditional or Roth IRA). It is important to designate beneficiaries for accounts. The forms, often seemingly simple to fill out, have hidden complexity. You are likely to encounter the words “per stirpes,” which means “by roots” in… Read More >
Effects of Automatic Enrollment in Plan Design
In our recent investment commentary, we highlighted research regarding plan design and plan participants. The research clearly highlights the effects that plan design can have on plan participants and retirement outcomes. While the study largely confirms that automatic enrollment has a strong effect on participant saving and investing behavior, it also alleviates fears that many… Read More >
Birmingham Area Economic Report, Q2 2021
This report explores a few key statistics that paint a picture of the Birmingham area economy. Our Birmingham Area Economic Report places the Birmingham area economy in a state, regional and national context. Click here to download the full report with a more in-depth look at the statistics. The charts below show a snapshot of… Read More >
Zac Venos Joins PWCO
Porter White & Company is pleased to announce that Zac Venos has joined the firm as a Financial Analyst primarily supporting the firm’s Investment Banking division. Zac assists the investment banking team through preparing financial analysis for mergers and acquisitions, business valuations, capital raises, and municipal advisory engagements. Zac is a recent graduate of Birmingham-Southern… Read More >
PWCO Announces New Financial Analyst Hire
Ross Walker has joined the firm as a Financial Analyst primarily supporting the firm’s Investment Management practice. Ross assists the investment management team with analysis, portfolio management, and client services. Ross is a recent graduate of Wofford College where he majored in finance and minored in accounting. Since joining the firm, he has earned the… Read More >
