According to data collected from BizBuySell.com, online business-for-sale marketplace, acquisitions for the first quarter of 2012 were the highest they’ve been since 2008. Bloomberg reports that although the company-for-sale business is not back to pre-recession levels, the increase is a positive indicator.
“While we are not out of the woods yet, economic factors are slowly improving and have given the business-for-sale marketplace a nice boost to start 2012,” Mike Handelsman, group general manager of BizBuySell.com and BizQuest.com, said in a press release.
What’s driving the upswing in acquisitions? Bloomberg cites the steady improvement of small business revenue and cash flow since mid-2010 to be a major factor.
Photo by bsabarnowl.
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