Construction Executive published an article by Valuation & Litigation Services Director Patrice Radogna and Valuation Group Leader Ken Pia, about the benefits of ESOPs as an exit strategy for owners of multi-generational construction companies.
By Kenneth Pia, Partner-in-Charge, Business Valuation Services and Patrice Radogna, Director, Valuation & Litigation Support
The “typical” options for company owners preparing to exit, such as sale to a third party or sale to a private equity, are frequently not a good fit for construction companies. Historically, construction companies have not been great take-over candidates for a strategic sale. The construction industry’s intertwined culture of pride and longevity creates an ideal environment for employee ownership.