Consolidation--Moguls of M&A

PI: What types of companies are targeted?

Mays: We look for companies that fit our acquisition criteria. Geographic dispersion is attractive, but in major markets or financial centers (we are in London, Hong Kong, New York, Boston and Toronto). San Francisco/Los Angeles is a current focus. Companies must be financially strong/profitable and have solid growth prospects in their markets. An excellent management team is key, as we keep current management while investing in the company's growth. We also look for complementary acquisitions in existing markets offering a technological advantage of diversity of services.