Colville Helps CGX Compete On M&A Circuit --Cagle

"It depends on who has the strong balance sheets," Colville explains. "There aren't too many companies that have them. Consolidated Graphics is one, Moore is another. The companies that have good balance sheets now are fewer than the amount when I left Consolidated Graphics (in 2000).

"The recession has taken a lot of steam out of acquisition multiples," Colville adds. "There will be a lot more M&A activity in the near future, but it will be concentrated among a smaller group of companies."