June 17, 2022

Recap of the 2022 Smart Business Dealmakers Conference

“For many businesses, the pandemic has been like a flashlight, shining a spotlight on areas that need shoring up in order to best position a company for success,” said George Nemphos of Nemphos Braue during his welcoming address at this year’s Smart Business Dealmakers Conference in Baltimore.

The 2nd annual event brought together local like-minded dealmakers to spur relationships and conversation amongst the attendees through Q&A panels. The lineup of panels at the conference kicked off with a discussion on investing in downtown Baltimore. A key takeaway from that session: As business owners we must create a better environment for business to thrive in the downtown area. Through job creation, opportunities and a safe atmosphere more people and businesses will be driven to downtown Baltimore.

More key takeaways from the event:

  • Supply chain issues are still a challenge.
  • “Have enough discipline to be sure it’s the right time to sell. Running your business well with best practices in place can impact the price of your business.” – Andy Cohen, Founder & CEO of 7th Street Advisors, Founder & Former CEO of Water, Water Everywhere
  • Consider longer exclusivity periods for due diligence to be thorough.
  • There is a colossal buyer universe that is always looking for opportunities even though current market conditions are tough due to larger macro problems. – Parker Davis, Partner at Slate Capital Group
  • During the deal process, there are two jobs: Manage the deal AND manage the business.
  • From the Transaction Readiness and the Path Forward session: Stay prepared, because even if you’re prepared, you’re not prepared enough.
  • “Take more unsolicited meetings, anyone can be a potential buyer. At the least you can nurture and grow a meaningful relationship that can be beneficial in the future.” – Jennifer Leroux, CEO of Marinalife, Inc.

 

The conference wrapped up with a presentation of the Dealmaker of the Year Awards, with recognition for several Nemphos Braue clients. Jeff Kurtzman and Luke Silverman, co-founders of Bark Social, CEO Bill Karpovich and CFO Greg Denicola of Youreka Labs, Inc, and the duo composed of Brian Guerin, Partner, and Chris Pope, Principal and Co-founder at Calvert Street Capital Partners all received awards.

Photos and more info below.

Our Mergers & Acquisitions practice

Private Equity & Venture Capital

Drop us a note to let us know what questions you have about the current M&A marketplace!

Latest Insights

View All

Supporting American Heart Month

As strong supporters of the American Heart Association, Nemphos Braue kicked off this month by being part of the Greater Maryland Breakfast in Red event.

Share This