- Location
Failure to adequately plan for transition and succession is a significant risk to construction owners. This is particularly alarming when we consider about half of business ownership transitions are reported to be involuntary (due to death, divorce, disability, or some other unanticipated factor).
Knowing where to start is step one. Listen in on CLA’s on-demand panel discussion video to gain a better understanding of transition options and what you should be considering if pursuing an external sale or an internal transition to family or management.
We discussed how private equity works in the world of construction. You will leave with more confidence on what your next step should be so you can transition when the time is right on your own terms.
We explored:
- The most common transition types in construction and the pros and cons of each
- Where to focus to increase attractiveness to an outside buyer
- How to avoid the common stumbling blocks in an internal succession