Most business owners don’t plan to sell anytime soon. But life doesn’t always follow the plan. Whether it’s a health issue, a family emergency, a market shift, or an unsolicited offer from a competitor—life can force your hand before you’re ready. When that happens, what's your plan? Too many owners realize too late that: Their...
Blog adapted from MPMA.com | Written by Melissa DeBilzan Klesk Metal Stamping had been a family-owned business for three generations — enough time to specialize in precision parts that were sent to the moon. But when cousins Bret and Duke Klesk decided to retire in 2022, there wasn’t a fourth generation to carry the torch,...
Founded in 1989, Design Ready Controls has grown into a leader in control panel manufacturing. With six manufacturing facilities and over 550 employees, their commitment is providing the highest quality products and services to OEM’s in Commercial Heating Ventilation & Air Conditioning (HVAC), building automation and power generation and many other industries. With a growth...
Did you know nearly 70% of business owners would prefer to sell to someone already familiar with their business, such as family members, key employees, or managers, when planning their transition? According to the Exit Planning Institute’s State of Readiness Survey, internal transitions provide comfort and continuity to the Seller, however, they also raise important...
Sunbelt Business Advisors/True North Mergers & Acquisition — Business Perspective Sunbelt Business Advisors and Matt Sobieski | October/November 2024 Footnote Editor's note: Updated October 1, 2024 National expert Since 2020, our firms have represented sellers and closed the sale of over 30 CPA and tax firms. In early 2020, we decided to invest resources to specialize in the sale...
Ask most business owners when they plan to exit, and you'll hear: "Not for a while." Ask if they have an exit strategy, and most will say: "Not yet." But here’s the reality: the earlier you plan your exit, even if it’s years away, the more valuable, sellable, and resilient your business becomes today. Why...
How much is your business worth today? Most business owners don’t know, and many don’t find out until it’s too late to use that information strategically. The truth is your business valuation isn’t just about preparing for a sale. It’s about being in control. Knowing your company’s value helps you: Understand what buyers would realistically...
Blog adapted from mpma.com By Chris Jones, Chief Exit Officer, Sunbelt Business Advisors and True North M&A I still remember the day my uncle got the news. He was the kind of guy who filled up a room, with a big barrel laugh and a big heart. He’d built a successful logistics and trucking company...
You’ve spent years, maybe decades, building your business. But have you spent any time thinking about life after it? For many owners, the end of a business chapter creates a new challenge: What now? Some dream of retirement, and others want to start something new. But without a clear plan, the exit that seemed exciting...
