Ownership Transition & Exit Strategies
One of the most significant changes to a business and its stakeholders can be the transfer of ownership. Baker Tilly can help you prepare for transition now, for tomorrow.
Ownership Transition & Exit Strategies
All privately held businesses must transition ownership and leadership positions at some point.
And, business owners should have a transition plan in place whether they plan to retire, transact or an unexpected circumstance arises. Baker Tilly helps our clients navigate and plan for the impact of a sale or ownership transition.
Our services
Connect with our teamWe start every client engagement by first understanding your goals for short-term execution and long-term decisions. Then, we work with you to develop and execute strategies to grow and sustain the business or develop an exit and transition plan.
Leadership succession planning
Who will lead your business after you?
Our team can formalize a succession plan for your business. We can help with the following:
- Identification of current leadership transition timelines
- Definition of family leadership objectives
- Identification of potential successors by key positions
- Leadership gap analysis
- Assessment of potential successor
- Individual leadership development programs
- Development of measurement and readiness criteria
- Executive coaching
Generational ownership transition planning
What will your legacy be and who will maintain it?
For family-owned businesses, we can help transition ownership to the next generation, while maintaining your family legacy. We can develop a custom plan with the following components:
- Family objectives as defined by each generation
- Options to maintain ownership in the family
- Strategic funding options
- Potential deal structures to minimize taxes and maximize wealth creation
Exit strategies and mergers and acquisitions
Are you considering selling your business?
Our team can help explore and identify alternatives for sale of the business. Alternatives could include a strategic or financial buyer, Employee Stock Ownership Plan (ESOP) or management buy-out. We specialize in the following areas:
- Owner(s) personal objectives
- Preliminary value considerations
- Definition of strategic alternatives
- Identification of potential buyers
- Potential deal structures to minimize taxes and maximize wealth creation
Our professionals offer the following M&A services:
- Sell-side advisory (including business unit divestitures)
- Buy-side advisory
- Going-private transactions
- Management-led buyouts
Featured insights
Losing value to the “four Ds"
Business owners should consider putting exit strategies in place in order to avoid a forced sale caused by one of the four Ds: divorce, death disability and dispute.
Succession planning roadmap for construction contractors
The first topic in this webinar series reviews the critical steps necessary to align ownership and succession planning with an organization’s strategic goals.
Transitioning ownership of your construction business
The third topic in this webinar series provides a basic overview of how construction businesses are valued, explores current trends in the M&A market and outlines executive-level benefits that can be used to attract and retain talent.
Common ownership transition scenarios for construction contractors
The second topic in this webinar series reviews the concepts for common transition scenarios as well as explores the benefits, challenges and other considerations for each ownership structure.
What’s your number? Understanding the value of your business and assessing growth vs. exit opportunities
With this presentation, manufacturers interested in growth or transition will gain understanding of how their company is valued, while learning about key areas buyers look for in a potential acquisition and growth drivers that impact a business’ overall valuation.
"We know that our clients put their heart and soul into establishing a successful business enterprise. So, we take the time to understand their business, financial and personal goals with their legacy in mind. We use our understanding to guide them through the financial and emotional transition of exiting their business with transparency and respect.”Kelly Baumbach, executive managing director, Baker Tilly Wealth Management, LLC
Case study
White Construction Company, Inc. sells to Crestview Partners-backed Congruex, LLC
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Disclosure
Baker Tilly Wealth Management, LLC (BTWM) is a registered investment advisor. BTWM does not provide tax or legal advice. BTWM is not an attorney. Estate planning can involve a complex web of tax rules and regulations. Consider consulting a tax or legal professional about your particular circumstances before implementing any tax or legal strategy. The information provided here is of a general nature and is not intended to address the specific circumstances of any individual or entity. In specific circumstances, the services of a professional should be sought.
Securities, when offered, and transaction advisory services are offered through Baker Tilly Capital, LLC, Member FINRA and SIPC. BTWM and Baker Tilly Capital, LLC are controlled by Baker Tilly Advisory Group, LP. Baker Tilly Advisory Group, LP and Baker Tilly US, LLP, trading as Baker Tilly, operate under an alternative practice structure and are members of the global network of Baker Tilly International Ltd., the members of which are separate and independent legal entities. Baker Tilly US, LLP is a licensed CPA firm that provides assurance services to its clients. Baker Tilly Advisory Group, LP and its subsidiary entities provide tax and consulting services to their clients and are not licensed CPA firms. ©2024 Baker Tilly Wealth Management, LLC