Porter White & Company

Providing Expert Advice and Guidance Since 1975

News & Insights

What’s Driving My Mortgage Rate?

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Overview There is a common misconception that the Federal Reserve (Fed) controls mortgage rates. Why is this belief false? In short, the Fed only directly controls interest rates for short-term loans, while mortgage rates better align with longer-term rates. Some think short and long-term rates move in lockstep, but that doesn’t hold in reality. The… Read More >

Traditional Versus Roth Contributions

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Overview Which is better, Traditional (Regular) or Roth contributions? The answer mostly depends on current and future tax rates. Regular contributions are deductible from current year income (reducing taxes paid in that year) but any withdrawals are taxable. (Hence why they are often called “tax-deferred.”) Roth contributions do not provide a tax deduction in the… Read More >

Takeaways from AFS CastExpo 2025

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Last week, Michael Stone and Zac Venos of Porter White’s investment banking team attended the American Foundry Society’s CastExpo 2025 along with over four hundred foundries, metal casters, suppliers, and related service providers. We spoke with many owners in the foundry and metal casting industry who are gearing up for a strong year, optimistic about aggressive… Read More >

Manufacturing M&A Industry Report, Q1 2025

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We are pleased to present the Q1 2025 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

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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 >

Manufacturing M&A Industry Report, Q4 2024

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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?

Takeaways from ACG M&A South 2025

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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 >

PW&Co Promotes Zac Venos to Associate

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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 >

PW&Co Provides Fairness Opinion for Hydraulic Cylinder Manufacturer

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BIRMINGHAM, AL. (January 15, 2025) – PW&Co acted as financial advisor and provided a Fairness Opinion to a confidential hydraulic cylinder manufacturer related to its proposed merger. PW&Co’s investment banking team was led by Michael Stone with support from Zac Venos. For any questions regarding fairness opinions, valuation services, or transaction related services, please contact… Read More >

Healthcare & Life Sciences M&A Industry Report, Q3 2024

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We are pleased to present the Q3 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, Q3 2024

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We are pleased to present the Q3 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, Q3 2024

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We are pleased to present the Q3 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

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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 >