Q3 2019
TABLE OF CONTENTS:
• Hot Topics
• Macroeconomic Update
• Valuation Metrics
• Notable Transactions
• Benchmarking
• Cherry Tree & Associates
• Appendix
The latest facts and figures about the economy, M&A transactions, public company valuation data plus a few thought-provoking articles about M&A and the Consumer Sector.
Steve's mergers and acquisitions expertise was honed through hands-on experience at market leading branded consumer product companies and several FINRA registered investment banking firms.

His career on the operating side of the desk and as an M&A advisor includes numerous M&A buy-side and sell-side transactions as well as CEO and President level positions at Department 56, Making Memories, and Fiskars.

For an exploratory discussion about how a buy-side or sell-side engagement can help achieve your goals, please contact Steve. Thank you.

Steve Ruelle
Managing Director, Consumer Sector
Phone/Text: 952.253.6036 - Email:  Steve@CherryTree.com - Schedule a Meeting

Helping business owners get where they want to go since 1980.
Important Disclosures
The information included in this publication has been obtained from public sources, and is not based upon private or confidential Cherry Tree information. Cherry Tree gathers its data from sources it considers reliable. However, it does not guarantee the accuracy or completeness of the information provided within this publication. Any opinions presented reflect the current judgment of the authors and are subject to change. Cherry Tree makes no warranties, expressed or implied, regarding the accuracy of this information or any opinions expressed by the authors. Officers, directors, partners of Cherry Tree and Cherry Tree proprietary investment funds may have positions in the securities of the companies discussed, and certain affiliates of Cherry Tree may recommend to specific clients the purchase and sale of securities discussed in the publication. This publication does not constitute a recommendation with respect to the securities of any company discussed herein, and it should not be construed as such. Cherry Tree or its affiliates may from time to time provide investment banking or related services to these companies. Like all Cherry Tree employees, the authors of this publication receive compensation that is affected by overall firm profitability. We undertake no obligation to update any information in this publication.