Navigating Your Exit Strategy on November 4-5, 2024

When:

November 4-5, 2024

Hosted By:

SMACNA

People:

Michael G. McNally

Location:

San Diego, CA

Attendees will gain insights into their options and learn realistic expectations and consequences associated with ownership transfer and withdrawal liability. The program covers exit alternatives, the sales process, and legal and tax implications.

Participants will acquire the skills to analyze and appraise their firms comprehensively, considering aspects ranging from marketing and operations to financial standing and withdrawal liabilities. Additionally, participants will examine strengths, weaknesses, opportunities, and threats crucial for strategic business exit planning. Participants will develop personalized action plans, allowing for ongoing tracking and monitoring.

Learn the Three Keys to a Planned Exit:

1. Owner Readiness Process –financial plans and emotional preparedness
2. Business Readiness Process – assess sales, operations, financials, and withdrawal liability
3. Market Readiness – valuation, financing, deal structure, and buyer types

The program will include a panel discussion with several SMACNA contractors who have recently exited their businesses. The discussion will focus on successes, failures, best practices, and lessons learned during the exit process.

Program Takeaways:

1. Education: why planning for ownership transfer and business valuation is crucial
2. Action Items: what steps are needed to create a planned exit
3. Tools: how to accomplish task lists

Speakers:Michael G. McNally, Partner, Fox RothschildJohn Ovrom, President/CEO, Exit Consulting GroupAndrea Steinbrenner, Chief Operations Officer, Exit Consulting Group

Original source can be found here.