While business owners may fear potential higher taxes and regulation with the inauguration of the Biden administration, some financial advisors said the industry’s recent flurry of M&A activity is common at year-end. What makes 2020 unique is the COVID-19 pandemic. State restrictions on social contact stalled many deals that might have closed earlier in the year but are instead coming to fruition in December. Andy Weber, founder of Corner Capital, an advisory firm that just completed several transactions, said, “these are in the oven for a long time.” Mark Radosevich, president of PetroActive Real Estate Services, said many factors drove the activity, including the Nov. 3 election, the costly move to chip cards at the pump, high purchase multiples and a “plethora” of buyers. “This was kind of like a perfect storm of M&A events and factors,” Radosevich said. “What surprised me was that as most of the world was locked down, we stayed quite busy.”
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机译：虽然商家主人可能会担心竞选竞标管理局的潜在税收和监管，但一些财务顾问表示，该行业最近的并购活动在年底是常见的。是什么让2020个独特的是Covid-19流行病。国家对社会联系的限制停滞不前，这一优惠可能在年初提前关闭，而是在12月份的成果。 Andy Weber是一个刚刚完成了多次交易的咨询公司，说：“这些是在烤箱里很长一段时间。” Mark Radosevich，即石灰岩地产服务总裁，表示，许多因素推动了在内的活动，包括11月3日选举，昂贵的换股卡在泵，高购买倍数和“夸张”的买家。 “这有点像一个完美的并购事件和因素的风暴，”雷达斯维奇说。 “我惊讶的是，随着世界上的大多数人被锁定，我们保持了很忙。”
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