Mergers & Acquisitions Advisory

A Neumann & Associates, LLC

February 26, 2019

Maryland Business Climate

By Achim Neumann

The ForbesBest States For Business” list ranked Maryland 32nd among the 50 states. One of the variables that dragged down its ranking is the high labor cost. However, employers are willing to overlook that because the state has one of the most educated labor forces in the country.

The cost of living is another indicator that affected its rank. But the state makes up for it in terms of the economy, quality of life, technology and innovation, education, and access to capital. Buying a business in Maryland most definitely has it’s advantages. 

One of the state’s advantages is its investment on transportation infrastructure. The Baltimore port, for instance, consistently ranks high in terms of automotive handling, as well as productivity of Roll On/Roll Off sector and container berth output. It also has a very efficient network of public and private transportation which carry both commuters and cargo at a minimal cost.

Its location is also very strategy, which is why logistics companies are also moving to the area. About 1/3 of the states in the country are just within a day’s drive from Maryland.

While startups are often associated with Silicon Valley, Baltimore actually is a rising destination among tech companies because of its large pool of talent. In 2015, for example, 19 deals generated $137 million in investments in Baltimore. The city also has the Emerging Technology Centers, an incubation center that is helping tech startups grow their businesses.

Another reason why Maryland’s has a lot of room for growth is due to the very high educational footprint of the state. Maryland, after all, has the highest concentration of universities in the country.

Manufacturing remains one of the top industries in Maryland, owing to its early history on the shipyard and steel. While the shipping industry has deteriorated over the years, manufacturing in the fields of food, chemical, printing and publishing, fabrication, and machine parts are thriving. Of course, Baltimore remains the top choice, with 1 in 3 manufacturers setting up headquarters in the city.

Another surprising industry in the state is the field of cyber security. There are over 60 federal and military facilities in Maryland that are focused on cyber security. The National Security Agency and the Communication and Electronics Command of the Army are actually located here, employing more than 200,000 workers and specialists.

The other big industries in Maryland are aerospace and defense (the industryis worth $35 billion), as well as aquaculture and fishing due to its access to the Atlantic Coast. 

Whether your looking to have a business valuation in Maryland, selling a business in Maryland or buying a business in Maryland, Neumann & Associates has you covered. Reach out and let us help you with all of your M&A needs.

 

About A Neumann & Associates, LLC

A Neumann & Associates, LLC is a professional mergers & acquisitions and business brokerage firm having assisted business owners and buyers in the business valuation and business transfer process through its affiliations for the past 30 years. With an A+ Better Business Bureau rating, the company has senior trusted professionals with a deep knowledge based in multiple field offices along the East Coast and has performed hundreds of business valuations in its history. The firm’s competitive transaction fees are based on successfully completing transactions. For more information, please contact A Neumann & Associates at 732-872-6777 or info@neumannassociates.com

Comments are closed.

Any questions? Please contact us at 732-872-6777
Call Now

Client Testimonials

“I recently contacted A. Neumann and Associates about getting a valuation of my business done. I spoke with Marc, who explained the process in detail. After meeting with Marc in order to get a clear understanding of my business, and what I was hoping to accomplish. His patience in answering all my questions and his knowledge of the proper way to market my business gave me great confidence that this is the firm I will be using to sell my business for max value. Working with Marc at A Neumann & Associates was very easy and professional. I did not know all that was going to be involved in selling my business but they helped me through the process. What I thought was going to be a just another one of those pushy sales companies was just the opposite. Polite, knowledgeable, and a pleasure to talk to and deal with. I highly recommend this firm to anybody who wants to sell now or down the road. Marc not only knows his stuff, but actually is a real nice guy.”

Double Diamond

“Used A Neumann & Associates to sale my business. could not imagine having done it with out the patience and experience Gary provided. Thanks Gary,”

Dennis Frazier

“Working with Marc and his company was a pleasure. What I thought was going to be a just another one of those pushy sales companies was just the opposite. Polite, knowledgeable, and a pleasure to talk to and deal with. Marc handled most of the interaction and he has one of the greatest demeanors. Again, it was a pleasure working with him and his firm.”

Douglas DiCeglio

“I recently completed an acquisition using A Neumann & Associates. Tony Valentino was very helpful and accessible during the entire process. They do a thorough job vetting both parties and got us to the finish line.”

Srini Mudambi

“Claus out of Florida helped us with the sale of our business. We had never done anything like this and him and his team walked us through the process from start to finish. We had some challenges through the process and Claus continued to show up even in the difficult conversations.”

Colby Harris, Co-Owner, Del Mar Designs

“Claus Madsen thoroughly helped us with selling our company. From the 1st introductory meeting explaining to us what was possible, to providing us with resources to assist with the sale. Claus was invaluable throughout the whole sales process. Claus was with us every step of the journey and always made himself available for any questions or issues that came up along the way. If you are interested in selling your business, I encourage you to reach out to Claus and the ANA team so that they can let you know what’s achievable. These guys will make it happen!”

Ron Harris, Co-Owner and Vice President, Del Mar Designs

“A Neumann & Associates is the only business broker I would use or consult with. They have assisted with 3 business sales over the past 15 years with me. They are honest and sincere and have always performed better than my expectations. They are the only one i would use for the sales of my businesses.”

James Belanger, Business Owner

“I wanted to take a second to commend the exemplary customer service from both you [Karin Neumann] and Mr. Valentino. It’s both a rarity in the industry, and very much appreciated.”

Andrew G., Investor

“We worked with Neumann & Associates to investigate the purchase of a research company in 2010 and found Achim to be capable, forthright and realistic. His depth of experience enabled us to fully understand our options, offering creative options that might enable the acquisition. While we didn’t acquire that particular company at that time, we know exactly who to call whenever we’re looking to buy or sell a business.”

Daniel Coates, Buyer

“Purchasing a business through this firm was a pleasure. Gary was very professional and transparent throughout the entire process. I look forward to working with A Neumann & Associates in the future.”

William Klemens, Buyer
view all testimonials

Contact A Neumann & Associates, LLC

If you are considering selling your business, please contact us to learn more about our comprehensive service spectrum. Our experienced professionals will answer all your questions about selling a privately held business in complete confidentiality. Please fill out our contact form, or call us at 732-872-6777. We will contact you directly and will never identify ourselves to your employees.

call us now
Contact Us for a Free, Confidential Consultation

Experienced M&A Advisors available

Full Name
Email Address
Phone Number
Message