- Hot Topics
Wanted to pass along a great big THANK YOU for the course content and the quality of the advisors you've hired to teach the CM&AA course. (And, the timing on this is for real.)
About 6 weeks ago in Chicago (the Friday afternoon afternoon we finished our CM&AA exam) my wife Laurie and I were just beginning our walk around downtown Chicago, and ready to celebrate having the exam behind us. My phone rang and it was the owner of a company who had just been approached by a PEG for acquisition purposes. Not a large transaction by M&A standards, approx. $7M, but growing quickly, next year $11 - $12M. He heard me speak 2 months earlier and asked if I could help. I indicated that I could, but that I was downtown Chicago after completing some "M&A Coursework" and asked if I could call him Monday from my office so he would have my undivided attention. He agreed.
On our Monday phone call I sounded very educated with the new AM&AA education fresh in my mind. :-) Fast forward 6 weeks- After re-reading a few chapters, flipping through my notes a dozen times, and a brief phone call with Mike Adhikari to double-check an adjusted Operational Balance Sheet, my confidence was climbing. Monday I was in IN to deliver a comprehensive Valuation & Analysis on the company, then passed (with flying colors) a 6.5 hour meeting with 3 owners, a VP of Operations and a Controller. They asked me dozens and dozens of questions about the pro's and cons' of selling to a PEG, timing, future growth, culture change, stock and cash exchanges, etc. I successfully answered about 69 of 70 questions.....on 1 I indicated that I would have to get back to them upon my return to the office....which I did yesterday.
Looks like I'll land this deal shortly after the first of the year. The timing couldn't have been more ideal.....and the CM&AA information couldn't have been more relevant. Thanks to both of you for creating an organization that will change this industry, one office at a time.
"I really enjoyed the entire week and it was nice to spend time with both groups. You should be very proud of the quality of people that you have attracted to these groups. I have never seen such a high concentration of top notch professionals gathered in once place."
"The meeting EXCEEDED my expectations. When I first saw the agenda I was not sure all the topics were of interest to me and had mixed feelings. I decided that being my first AMAA meeting it was important to attend and at the least the networking would be valuable. The meeting topics were educational, timely and they opened my eyes to new opportunities. In all ways the meeting truly exceeded my expectations. Congratulations to the committees, the chairs, the AMAA staff for a job well done!"
"I want to thank you again for an outstanding conference, one of the most professional and best organized I have ever attended. I met great people, learned a lot, and enjoyed myself."
"We had a great time. Well organized, fine networking, sign us up for more. Thank you for helping us make the private equity panel a big success. Let us know about the next events."
"I would like to thank everyone who responded to my request to help structuring the loan portion of a deal in compliance with Shariah law. I appreciate the feedback and the generosity of information very much - I would not have been able to figure it out myself." (referring to the response he received after sending an email to the member list serv)
"Please send out my SINCERE THANKS to the membership for the support and wonderful problem solving ideas that everyone took the time to send me. There are still several people that I want to phone regarding their ideas. I have never been involved in any organization that was this supportive. Please let everyone know I genuinely appreciate their time, expertise and support." (referring to her response to an email sent through the member list serv)
"I intended to be far more active with your organization and still do but this little project has been all consuming and will be for a while please continue to keep me at the top of the pile until I come out from under.
My new partners are not happy you taught me so well in Chicago (CM&AA Program) but now i am on their team"
“The CM&AA designation has proven to be a great asset in setting me apart from the competition. I have received two engagements as a result of the CM&AA and plan to increase my marketing efforts showcasing the designation.”
"I wanted to share some good news with you regarding your AM&AA membership network.
I recently was advising a client on a sale of his insurance agency. A complicated matter of 'purchase price allocation' arose and I needed some specialized guidance. I placed this complex dilema on the 'e-mail exchange' of AM&AA members and within twenty-four (24) hours I received seventeen (17) responses that were perfectly on point, offering a variety of solutions. In addition, one of the members had included as an attachment, a twenty-two (22) page 'article' addressing and explaining this topic directly and in great detail Further, I was introduced to a 'tax specialist' with dozens of years of experience in transactions exactly like the one facing my client.
I shared this 'article' and the collection of ideas with my client's accountant and tax attorney. From those ideas alone, the client moved over 30% of his transaction into a lower tax bracket, saving hundreds of thousands of dollars. In fact, I am not sure that the deal would have gotten done without this information. And I cannot begin to imagine how I would have otherwise accumulated such a wealth of ideas, perfectly explained, in such a short period of time.
I will definitely be working closer with this AM&AA membership in the years ahead.
Needless to say, my client is very pleased with these contributions."