Business

How a leveraged buyout can help local business owners

Presented by a FTWtoday Partner

Vantage Bank has the resources + knowledge to help Fort Worth business owners navigate LBOs. | Photo by FTWtoday

If you’re a business owner, you are most likely always thinking about how to grow your business — or maybe when + how to make your exit. Whichever direction you’re heading, the stakes are high. Take the right steps, and you could be looking at enhanced profit and a secure future; take the wrong ones and jeopardize everything you’ve worked hard for.

But what if there was an approach that could serve as either a strong acquisition strategy for a buyer or a smart exit strategy for a seller?

Enter: A Leveraged Buyout (LBO).

What is an LBO?

Before we lose you to the lingo — hear us out. An LBO could be the solution that results in the best outcome for your business.

An LBO enables a buyer to acquire a company using less cash, and the seller gets a smooth exit from their business (with terms that reward them for the company they have built).

If you’re looking to buy a business, you may be asking yourself:

Can I handle this much debt?
Am I overpaying?
What are my first steps?

If you’re a seller, it’s natural to question if now is the right time to sell or wonder what you expect from the process.

The good news: A bank (like Vantage Bank) can help.*

HERE’S HOW (AND MORE ON LBOS)

Vantage Bank Texas and its affiliates do not provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.*

How many businesses were acquired in the US in the first half of 2022?

A. ~17,000
B. ~19,000
C. ~22,000
D. ~27,000

See the answer in the Wrap.

TAKE A GUESS

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Monday, Dec. 12

Lightscape | Monday, Dec. 12-Sunday, Jan. 8 | 5:45-9 p.m. | Fort Worth Botanic Garden, 3220 Botanic Garden Blvd., Fort Worth | $18-$28 | Lightscape will illuminate evenings at the Garden with over one million holiday lights and artistic installations.

Tuesday, Dec. 13

Make the Season Bright | Tuesday, Dec. 13 | 6 + 7:30 p.m. | Fort Worth Academy of Fine Arts, 3901 S. Hulen St., Fort Worth | $10 | WAFA’s elementary choirs will present a program of familiar and new works.
Holiday Light Ride | Tuesday, Dec. 13 | 6:30-8 p.m. | Trek Bicycle, 5125 Granbury Rd., Fort Worth | Free | Take part in a holiday-themed group ride with riders of all skill levels + end the night with a festive beverage.

Wednesday, Dec. 14

Pasta Making Class | Wednesday, Dec. 14 | 6-7:30 p.m. | il Modo, 714 Main St., Fort Worth | $70 | Learn the pasta-making process and history — then take home a recipe card with your pasta.

Thursday, Dec. 15

Holiday Sip and Sketch | Thursday, Dec. 15 | 6-8 p.m. | Turning Point Beer, 1307 Brown Trail, Bedford | $6-$15 | Channel your inner artist and move from station to station to sketch a variety of festive objects.
Cocktail Making Class | Thursday, Dec. 15 | 6-8:30 p.m. | Kimpton Harper Hotel, 714 Main St., Fort Worth | $65 | Start the evening with a champagne toast and learn how to make holiday cocktails like the Crimson & Clover.

We have a calendar filled with events and activities you can plan for in advance. Click the button below to bookmark ideas for upcoming date nights, family outings, and time with friends.

START YOUR HOLIDAY PLANNING

Weather

62º | Scattered showers | 60% chance of rain

Development

We’re getting a better look at the major overhaul planned for the Cotton Bowl Stadium in Fair Park. The stadium is part of a $300 million renovation to improve the visitor experience. The renovation is included in a larger improvement project at Fair Park. 🏟️ (FOX4)

Open

Tannahill’s Tavern — created by chef Tim Love — opened over the weekend at 122 E. Exchange Ave. The restaurant is part of the Stockyard’s newest music venue, Tannahill’s Tavern and Music Hall. It’s serving a variety of dishes like grilled oysters, poutine fries + pasta. 🍽️

Health

An 88-bed behavioral health hospital is planned for the Alliance neighborhood. Medical City Mental Health and Wellness Alliance will be on the north side of the Medical City Alliance campus along I-35. Projected to open in 2024, the hospital will provide inpatient and outpatient treatment. 🏥

Community

Kids can channel their inner “Bob the Builder” and design a model for Hughes House using 2,000 pounds of canned food. A pre-build workshop starts today at 3:30 p.m. at MLK Jr. Community Center. The final project will be on display tomorrow at Brighter Outlook (4910 Dunbar St.). 🏗️

Show

A sensory-friendly performance of “The Lion King” is coming to Bass Performance Hall. The original production will run Wednesday, Jan.18-Monday, Jan. 23 with a sensory-friendly show on Saturday, Jan. 28. During the performance, theater rules will be relaxed and additional accommodations will be provided. 🦁

Ranked

Fort Worth’s oldest airport — Meacham International Airport — is now the sixth-busiest in Texas. With 208,539 annual takeoffs and landings, the airport is also the only non-commercial airport that made the list. The city is now working on an updated master plan that includes additional hangers. ✈️

Sports

Now’s the time to buy the sports lover in your life a holiday present, because Fanatics is offering sitewide sales. Easily find licensed sportswear and collectibles like jerseys, hoodies, and outerwear for the world’s most popular sports teams and win the holidays.*

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The countdown is on ❄️

FTW’s countdown to winter

Count down the days until the winter solstice. | Graphic by FTWtoday

Grab your hot cocoa and fuzzy socks — the countdown to winter has officially begun. We are in Texas after all, so if you’re praying for a blizzard... you might want to go to Dairy Queen. Temperatures are predicted to be slightly above normal this season, but we’re not here to brrrst your winter fun.

To keep things merry and bright, we’ve put together our own advent calendar leading up to the winter solstice on Wednesday, Dec. 21. Play along and unwrap new winter activities over the next 10 days.

Here’s how to participate:

Follow FTWtoday on Instagram.
Each morning, a new winter activity will be unlocked in our Stories.
If you miss a post, you can find the advent calendar in our Countdown to Winter Highlight.

UNLOCK TODAY’S EXPERIENCE

THE WRAP

Today’s issue was written by Rebecca.

Editor’s pick: ICYMI, history was made in Cowtown last week at the Bureau of Engraving and Printing. Treasury Secretary Janet Yellen and Mohegan Chief Marilynn “Lynn” Malerba became the first women to have their signatures printed on US currency.

The new bills will go into circulation next year. Be sure to look out for the small “FW” in front of the face-plate number which indicates the bill came from the Fort Worth printing plant.

Answered: According to the 2022 M&A Report, through the end of July, companies announced slightly more than 22,000 deals, with a total value of $1.73 trillion.

Missed Friday’s newsletter? The National Lacrosse League’s first and only professional club in Texas kicked off its second season at Dickies Arena. Meet the Panther City Lacrosse team and its mascot.

Connect with us.

Editorial: Rebecca McRobbie, Kate Mazade, Dayten Rose, Josh Kranzberg | Send us a scoop, question, or feedback.

Sales: Camille McLeod | Advertise with us.

Content marked with an * was created in partnership with 6AM City’s advertising partners. Paid content helps keep this newsletter free. 6AM City may also receive a commission on purchases made through affiliate links in this newsletter.

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