Mergers and Acquisitions — When Sweet Turns to Sour

Valuations will be down as lending tightens up, according to DeWese, but with lending rates also down, it’s an opportunistic time to borrow money for worthwhile projects. Even in a downturn, he notes, companies need to change hands or find successors.

“The better companies, the good companies, are going to find buyers,” he says. “There are some fairly big deals on the horizon that will happen even if we go into a deeper recession.”