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Issue 235 | June 30, 2024

It was great seeing some new faces, or some faces not seen in some time at this last meeting. We had a good turnout to hear our speaker, Mac Holley.

Mac Holley discussed his extensive background in banking and his significant contributions to community service. His career highlights include his tenure at Bank of America and various leadership roles in civic organizations such as the Northeast Florida Council of the Boy Scouts of America and the University of Northeast Florida Foundation board. Holley's speech emphasized the importance of community involvement and leadership, drawing from his personal experiences in banking and public service. He also touched on his role in economic development through the Jacksonville Chamber of Commerce and his contributions to local healthcare and educational institutions. Mac introduced his colleague Joe Hawkins and asked him to come up to say a few words.

Joe Hawkins focused on the trends and strategies in the mergers and acquisitions (M&A) sector. He outlined the primary services his firm provides, including company valuation, consulting for improving company value, capital raising, and facilitating acquisitions and sales. Hawkins explained how the COVID-19 pandemic affected deal volumes and company valuations, highlighting a significant drop during the pandemic and a subsequent rebound due to pent-up demand. He also differentiated between strategic buyers and private equity buyers, emphasizing how each type approaches acquisitions differently. Hawkins stressed the importance of exit planning for business owners, advising them to prepare their companies for sale to maximize value and ensure a smooth transition. His presentation included insights on economic trends, such as the impact of rising interest rates and inflation, and practical advice on planning for the future.

Mike Best

2024 President

We're excited to announce that our meetings this year will be held at the San Jose Country Club!

Location: 7529 San Jose Blvd, Jacksonville FL 32217

(Opposite Bolles High School)

Each meeting will feature a delicious hot buffet, engaging speakers, and excellent networking opportunities.

To help us provide the venue with an accurate headcount and to save on costs, please consider pre-registering by the Monday before each luncheon.

Next Meeting

On July 10, we welcome Sheriff TK Waters.

Click here to pre-register!

Our website has been redesigned! Check it out by clicking the link below!

https://www.sbmcjax.com

The membership contest is in full swing!

You can win part of our $1,500 Cash Prize!

Here's how it works:

Every new member sponsored is worth one point.

Corporate sponsorships are worth 1 ½ points.

If your sponsored new member signs up for club sponsorship within one month of their membership start date you will receive another point.

January - March winner - $250 CASH

Congratulations to Jepp Walter with 4 new Members, including one Corporate!

April - June winner will receive $250 CASH at the first meeting in July.

July - September winner will receive $250 CASH at the first meeting in October.

October - December winner will receive $250 CASH at the first meeting in January.

Overall winner will receive $500 CASH at the first meeting in January 2025.

Many great upcoming events are in the works, so make sure you stay tuned into our Event Lineups and Newsletters!

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