Change is in the wind

The MPKA team was invited to write a column appearing in the bimonthly magazine, GIANTS.  The following link will allow you to read the current article on the GIANTS website:

"Change is in the Wind" written by Michael P. Kahn was published in April 2006.  The article describes a slowing of the merger & acquisition market for a time, and some of the changes we expect to see in the structuring of transactions, such as treatments of goodwill and taxes.

The article to be published in June 2006 was written by Jody Kahn Kline, and focuses on how companies can utilize this time to prepare, while the merger and acquisition market is quiet but expected to reemerge.

Big Builders Getting Bigger

“Big Builders Getting Bigger” published February 1, 2006 in Realty Times (click here to read entire article)

Michael Kahn was interviewed in conjunction with his participation on a panel on “consolidation” at the International Builders Show in Orlando.  The article reported “Within the next five to seven years, a single ‘mega-builder’ will cross the 100,000-unit-a-year threshold, believes a financial consultant who has helped create many of the nation's largest home building firms.  But that company -- and other giants like it -- are not likely to reach six-figure territory by growing from within, Michael Kahn of Michael P. Kahn & Associates in Ponte Vedra Beach, Fla.., said at the National Association of Home Builders' annual convention in Orlando last month.

"It's very difficult to grow that large organically," said Kahn, who has a hand in arranging more than half the 150 mergers that have taken place among builders over the past 15 years.