Ownership Transition

When new partners buy out old ones, you have to outline specific duties before assigning leadership roles, among other considerations.

President of CEI, a 20-year-old minority-owned engineering and contracting firm based in Miami Lakes, Florida.

President and co-founder of ADC Engineering, Inc., a multidisciplinary firm based in Hanaham, South Carolina.

“Taking these steps could help you get more focused on the right clients and projects and that could lead to more success over the long (and short) term.”

President of JBCI, a small, but venerable, repair and restoration firm based in Philadelphia.

President of Reaveley Engineers, a national structural engineering firm based in Salt Lake City, Utah.

CEO of TLC Engineering Solutions, an Orlando, Florida-based firm pushing its way into the future.

As a 100 percent ESOP, 50-year-old Pennoni has the culture, history, and staying power to improve the lives of its employees and the community it serves.

Whether it’s growth, ownership transition, diversity and inclusion, or technology, firms shouldn’t shy away from change if they want to be successful.

If you develop a reputation for being less than forthcoming, you could derail a critical ownership transition – and even destroy your firm.

“One of the things they teach you about entrepreneurship in business school is that you should have your exit strategy in mind as you start and grow your company.” One…

The words ‘difficult’ and ‘uncomfortable’ are synonymous with ownership transition. If you try to execute one on your own, it might come out half-baked. Last fall we had our annual…