ACG Kentucky's private equity discussion panel offered insight on the state of the industry and trends.
How about those huge valuations from owners offering their businesses for sale? "I think it's a direct correlation with all the states legalizing cannibis," said Prairie Capital partner Patrick Jensen "I don't know what they're smoking in terms of how they're looking at valuations. They're high."
Jensen was joined by John H. Willmoth, founder and managing partner, Poplar Ventures; Ken Berryman, co-founder and managing partner of Weller Equity Partners; and John Sweeney, managing director of Hilliard Lyons Business Owner Solutions and moderator for the event.