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This will help you better understand the entire mergers and acquisitions process, when to engage an advisor, and the role youll play as a business owner in your exit. When to Use Sell-Side Advisory Services At Axial, weve been involved in small business mergers and acquisitions for over 14 years. Reach out today.
Just last month in April, we added more than 1,000 principal agents with our accretive acquisition of Latter & Blum, the largest agency in the Gulf South and New Orleans. We expect this acquisition to be accretive to adjusted EBITDA in 2024, but the additional opex needs to be considered.
We're already seeing users leverage S&P Spark Assist to optimize code, rewrite configuration files for software migrations and summarize complex documents. I want to take a moment to discuss an important acquisition that closed in the second quarter. Back to the theme of generative AI. Turning to our divisions.
Our earnings release documents are available on the investor relations section of the bankofamerica.com website, and they include the earnings presentation that we'll make reference to during this call. I hope everyone's had a chance to review the documents. Investmentbanking gained share of industry revenue in 2024.
As the slide shows, our office loans at the end of the second quarter were primarily in corporate investmentbanking and that is also where we had the most nonaccrual loans in the highest level of allowance for credit losses. Turning to corporate investmentbanking on Slide 13. at the end of the first quarter to 8.8%
As usual, our earnings release documents are available on the investor relations section of the bankofamerica.com website, and they include the earnings presentation that we will be referring to during this call. I trust everybody's had a chance to review the documents. The company's overall investmentbanking fees were 1.1
At Axial, we have over 14 years of experience in small business mergers and acquisitions. One respondent to our InvestmentBanking survey, Matt Slawson of Next Level , aptly stated: Engage an advisor in advance to implement the best plan and practices for the best future results.
It's been inspiring to see some of these early use cases emerge in code development, document analysis, record-keeping and process improvement, and the way people are sharing their new skills across S&P Global. Desktop grew 8% or 1% when excluding the impact from the Visible Alpha acquisition. Turning to our divisions.
In fact, that was pre -merger with Manny Hanny and Chemical, and JP Morgan, and et cetera. They really weren’t in the investmentbanking business, and they looked at the opportunity there and said, gee, we should really have a high yield business and a financing business. KENCEL: It’s the investmentbanking affiliate.
ADVERTISEMENT) RITHOLTZ: Prior to 2022, when rates were cheap, when rates were zero, when capital was plentiful, it seemed like the entire industry went through this wild merger frenzy. RITHOLTZ: Now, let’s talk a little bit about the roll-ups and the mergers and acquisitions that are going on. HAMBURGER: Yes.
So, by the time I got there, it was well beyond just, you know, financing customer acquisitions of appliances. You know, GE Capital, you have to understand, like, investmentbanking was so hot then. COHAN: Everybody wanted to be an investment banker. I mean, investment bankers were rock stars, right? COHAN: Right.
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