Market Monitor: Packaging Materials – CW

Market Monitor: Packaging Materials

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Market Monitor: Packaging

Making the right decisions for your business starts with having the most accurate and current information available. Our Packaging Materials  Market Monitor keeps you up to date on the events, trends, and market forces that shape and guide the industry.

  • Dynamics in the capital markets can only be described as booming to volatile and gyrating with every subsequent economic data release;  public and private market valuations across sectors have come off the highs seen in 2019 and 2021.
  • Transaction activity is down ~15% in 2022 coming off a banner year in 2021; overall valuations are also off 15% – 20% across substrates from a year earlier.
  • Economic headwinds are likely to continue pressuring valuations in 2023;  what is proving out yet again – packaging end markets matter and high-functioning management teams can impact valuations for better or worse.

For more information or questions, please contact our contributors:

Andrew Suen, Managing Director: asuen@hexagoncapitalalliance.com

 

Moss Adams Capital to Become Hexagon Capital Alliance

Moss Adams Capital to Become Hexagon Capital Alliance

SEATTLE, Dec. 10, 2020—Moss Adams, one of the largest accounting, consulting and wealth management firms in the nation, announced the transition out of its investment banking practice, Moss Adams Capital (MAC).

Effective January 1, 2021, Moss Adams will service the investment banking needs of its clients through strategic relationships with trusted external investment banking providers. As a result, the majority of the current 17-member MAC team will transition to roles with investment banks. In Seattle, Moss Adams partner James Rothenberger and his team will join Meridian Capital, a local investment banking firm. In Orange County, Moss Adams partners Rich Anderson and Andrew Suen, along with other local MAC personnel, will establish Hexagon Capital Alliance, an independent investment bank.

“As part of our strategic planning process, we’ve been actively assessing what capabilities the firm will need to provide directly in the future versus those that we’ll provide through strategic relationships and alliances,” said Chris Schmidt, chairman and CEO of Moss Adams. “Through these efforts, we’ve determined that Moss Adams will best serve its clients by providing investment banking services through specialized external providers.”

Operating as an affiliate, the MAC group has collaborated with other Moss Adams team members on hundreds of merger and acquisition deals and ownership transitions for the firm’s clients over the past two decades.

“We look forward to opportunities to collaborate with our former Moss Adams Capital colleagues as well as other investment banking providers to address the individual needs of our clients as we help them plan for the future,” Schmidt added.