David C. Brinkman CFA, CPA, CFP
George E. Adams CPA, CEPA
Schneider Downs’ Exit and Succession Planning services are multi-disciplined, fully integrated and holistic exit planning and succession solutions that are customized and designed for business owners by business owners.
Exit and succession planning is one of the most important strategies you will need to implement throughout the life of your business, and whether you are ready to start today or in 10 years, it’s never too early to begin the discussions. Schneider Downs is uniquely qualified to provide you with ideas, options and innovative solutions to meet whatever objectives you have in mind.
We will help you address common obstacles to exit planning, explain why exit planning is important and a good business strategy, help to assess owner and business readiness, identify deal killers and apply the value acceleration methodology ™, along with identifying the solutions that best fit your objectives as well as understand the underlying tax, cash flow, estate, business and family considerations. We will help you address common obstacles to exit planning, explain why exit planning is important and a good business strategy, help to assess owner and business readiness, and identify deal killers.
We utilize The Value Builder System to provide a Value Builder PREScore that provides you with a good understanding of what role your team will play in securing a satisfying exit. The assessment provides the 4 Key Drivers of an exit without regret. You can get your score at the link below.
Our Exit and Succession Planning Advisors are comprised of advisory professionals from five practice units—assurance and tax advisors, business advisory, technology advisors, corporate finance and wealth management—to deliver seamless, fully integrated exit and succession solutions.
Download our Exit and Succession Planning service overview to learn more or contact us today to get started.
So whether you are unsure of your next steps, are looking at a buyer, private equity or public offering or thinking of transitioning to family, key management, gifting to individuals or trusts, or considering an ESOP, Schneider Downs will listen, understand, create, manage and fully execute your exit and succession plan.
Consulted with a $125m transportation company with the implementation of an employee stock ownership plan as part of an ownership succession plan, including tax planning for the prior owner and assistance with conversion to an S corporation, ultimately resulting in significant federal income tax benefits.
Advised original founders / owners of longtime Schneider Downs client in the oilfield services industry on their initial public offering, including completion of audits in accordance with PCAOB standards. Worked collectively alongside Key Bank Capital (lead manager of the offering)
Advised the founders / owners-operators of $40 million manufacturer on their sale to a Fortune-100 company with complementary product lines. The buyer’s deep management, sales and administrative infrastructure facilitated an immediate exit for the retiring principal owner and allowed other owners to move on shortly thereafter to focus on a separate high-growth startup.
From Stalemate to Success: Schneider Downs retained, after years of working with other advisors, to develop and implement succession plan for a $60M business owned by three (3) brothers. Schneider Downs formulated the plan in 4 months which ties together (i) voting control succession, (ii) estate liquidity, (iii) resource availability for surviving spouse, (iv) disability and retirement triggers, and (v) key employee/advisor involvement.
Advised the sole owner/founder of an Architecture Design firm to transition ownership to existing management. We worked collectively with the sole owner and management to structure sale over time including cash flow modeling to ensure sale of shares was economically feasible. This also included pre-sale planning to ensure goals and objectives of transition were achieved.
Advised the owners of a 3rd generation distribution and manufacturing firm on a sale of the business to a private equity group. The sale provided an all-cash exit for several family members who were outside of management, allowed one family member to reinvest a portion of his proceeds alongside the buyer and gave senior management a significant equity position in the company
Exit and Succession Planning – The Challenges of What’s Nextread more >
Letter of Intent?read more >
The Importance of a Personal Financial Plan During Exit Planningread more >
You, Your Exit Plan and Your Optionsread more >
Successfully Transitioning Significant Processes During Business Successionread more >
Key Value Indicators in Evaluating a Businessread more >
S Corporation Rollover Equity – Involve Your CPA Early and Oftenread more >
Could your PPP loan affect the sale of your business?read more >
Estate Planning as a Tool for Your Business Succession Planread more >
Greasing the Skids: Sell-Side Due Diligenceread more >
COVID-19 AND THE M&A MARKET: DEAL VOLUME AND VALUEread more >
What to Expect During a Sale Transactionread more >
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