In this installment of McGuireWoods’ Corner Series podcast, partner and host Geoff Cockrell observes that seller anxiety about the potential for broken deals appears high right now. A surprising number of deals, he says, are less likely to “go out into a wider market process.”
Guest Reed Van Gorden of Deerpath Capital sees the same trend: Mergers and business sales are slow, but he’s waiting to see if two additional interest rate cuts expected this year will set more deals in motion.
Despite this slowing, Van Gorden says companies are performing well and have stabilized since the COVID-19 pandemic. Local businesses that Deerpath focuses on, such as medical offices, are not affected by world events such as supply chain problems or fluctuating oil prices.