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 >
News & Insights
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 >
Municipal Market Update – December 2021
The Bipartisan Infrastructure Deal and expectations for possible tax increases served as a catalyst for a strong month in the municipal bond market. Treasury yields are rising heading into 2022 and the Federal Reserve Board reaffirmed their target rate range of 0.0 to 0.25 percent. Consensus estimates expect rates to reach upwards of 0.9 percent… 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 >
Municipal Market Update – October 2021
Our Municipal Market Update is data-driven, one page sheet that is intended to give you an overview of key interest rates – floating as well as the credit spreads of key local and state entities with data as of October 31, 2021. It is written for those making credit and investment related decisions for municipalities and non-profit… Read More >
Municipal Market Update – September 2021
Our Municipal Market Update is data-driven, one page sheet that is intended to give you an overview of key interest rates – floating as well as the credit spreads of key local and state entities with data as of September 30, 2021. It is written for those making credit and investment related decisions for municipalities and non-profit… Read More >
Municipal Market Update – August 2021
Our Municipal Market Update is data-driven, one page sheet that is intended to give you an overview of key interest rates – floating as well as the credit spreads of key local and state entities with data as of August 31, 2021. It is written for those making credit and investment related decisions for municipalities and non-profit… 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 >
Municipal Market Update – July 2021
Our Municipal Market Update is data-driven, one page sheet that is intended to give you an overview of key interest rates – floating as well as the credit spreads of key local and state entities with data as of July 31, 2021. It is written for those making credit and investment related decisions for municipalities and non-profit… Read More >
Municipal Market Update – June 2021
Our Municipal Market Update is data-driven, one page sheet that is intended to give you an overview of key interest rates – floating as well as the credit spreads of key local and state entities with data as of June 30, 2021. It is written for those making credit and investment related decisions for municipalities and non-profit… 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 >
Municipal Market Update – May 2021
Our Municipal Market Update is data-driven, one page sheet that is intended to give you an overview of key interest rates – floating as well as the credit spreads of key local and state entities with data as of May 31, 2021. It is written for those making credit and investment related decisions for municipalities and non-profit… 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 >
Municipal Market Update – April 2021
Our Municipal Market Update is data-driven, one page sheet that is intended to give you an overview of key interest rates – floating as well as the credit spreads of key local and state entities with data as of April 30, 2021. It is written for those making credit and investment related decisions for municipalities and non-profit… Read More >
PWCO Promotes Dana Crane to Office Manager
Dana Crane has been promoted to Office Manager. Dana joined the firm in 2008 as a receptionist/secretary and has steadily assumed additional responsibilities since then. In this position, she is responsible for overall general office operations, such as internal accounting, office equipment and supplies, and special projects. Dana’s attention to detail and high standards have… Read More >
PWCO Promotes Michael Stone to Director of Investment Banking
Michael Stone has been promoted to Director, Investment Banking. Michael, who joined the firm in January 2011, is active in all investment banking activities including mergers and acquisitions, capital raising, valuation, municipal advisory, project finance, and strategic consulting. He has significant M&A experience in industrials, manufacturing, healthcare, business services and financial services. As a municipal… Read More >
