• Bootstrapping Entrepreneurship

    Nov 26, 2018

    Entrepreneur defines bootstrapping as financing your company's startup and growth with the assistance of or input from others.

    Traditional ways of bootstrapping a business include trade credit, factoring (specific to clothing industry, boutiques) and leasing. However, many underestimated, underrepresented entrepreneurs do not start the entrepreneurial journey that way. I did not and neither did many of the entrepreneurs I have had the opportunity to coach. Still, bootstrapping, perhaps in a less traditional sense, is the way most of us begin the journey.

    Less traditional bootstrapping method such as, trade service, eCommerce and co-working spaces, seem to focus on more cost-effective ways to get the services and resources needed in the short term to create a sustainable business.

    Either way, bootstrapping one’s business requires a plan, hard work and loads of creative thinking.

    Read the entire article here

  • St. Louis Headquarters Growing Through Acquisitions

    Jan 04, 2018

    Recent years have seen a high volume of U.S. corporate mergers and acquisitions. St. Louis area headquarters have been active acquirers growing through many significant acquisitions. In 2017, St. Louis companies acquired almost $20 billion worth of major companies across industries including health care, manufacturing, and technology.  

    Most notably, Centene, Express Scripts, and Emerson each made acquisitions worth over $3 Billion. Other major acquisitions were spearheaded by Quinpario, Post Holdings, and Mallinckrodt. The following list details some of the largest company acquisitions in 2017 by St. Louis headquarters.

     MAJOR ACQUISITIONS BY ST LOUIS COMPANIES 2017

    St. Louis Company HQ

    Acquired Company

    Acquisition Price

    Acquisition Date

    Centene

    Fidelis Care

    $3.75 Billion

    September 12, 2017

    Express Scripts

    eviCore healthcare

    $3.60 Billion

    October 10, 2017

    Emerson

    Pentair

    $3.15 Billion

    May 1, 2017

    Quinpario Acquisition Corporation

    SourceHOV LLC & Novitex Holdings Inc.

    $2.80 Billion

    July 10, 2017

    Post Holdings

    Weetabix

    $1.80 Billion

    July 3, 2017

    Post Holdings

    Bob Evans

    $1.50 Billion

    September 19, 2017

    Mallinckrodt

    Sucampo

    $1.20 Billion

    December 26, 2017

    Emerson

    Paradigm

    $510 Million

    December 4, 2017

    Express Scripts

    myMatrixx

    $250 Million

    May 2017

    Belden

    Thinklogical

    $160 Million

    May 2017

    Sources: St. Louis Business Journal and St. Louis Post-Dispatch.

    These acquisitions were dwarfed by Emerson’s ultimately unsuccessful $29 billion bid to acquire Rockwell Automation, an industrial automation provider.(1)  Emerson quickly pivoted to a buy back of their own shares and two smaller acquisitions, Paradigm for $510 million and Cooper-Atkins for an undisclosed sum.(2)

    St. Louis has long been an attractive location for the headquarters of some of the world’s largest and most innovative companies. Recent major acquisitions demonstrate the continuing strength and growth of the St. Louis headquarters market. 

    Sources: (1) “Emerson Withdraws $29 Billion Bid to Acquire Rockwell” St. Louis Business Journal, Nov. 28, 2017. (2)  “Emerson to Acquire Connecticut-based Manufacturer” St. Louis Business Journal, Dec. 20, 2017.