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Exit Planning and Succession Advisory

Primary contacts: Joseph A. Bruce, CPA Mary D. Richter, CPA George E. Adams, CPA John A. Kohler, CPA, CEPA

Schneider Downs’ Exit Planning and Succession Advisory 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 utilize a proven, industry-leading framework developed by the Exit Planning Institute and the ExitMap software solution to fully customize and develop your exit and succession planning experience.

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Our Exit Planning and Succession 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. 

Our experts include:

  • Certified exit planning advisors
  • CPAs
  • Attorneys
  • Accredited Investment Fiduciary professionals (CEPA)
  • CFAs
  • CIMAs

 

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.

SOLUTIONS

ESOP

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.

Employee Stock Ownership Plan

Public Offering

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)

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Strategic Buyer

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.

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Gifting / Trust

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.

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Internal Sale

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.

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Private Equity

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

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contact us

Map of Pittsburgh Office
Pittsburgh

One PPG Place, Suite 1700
Pittsburgh, PA 15222

contactsd@schneiderdowns.com
p:412.261.3644     f:412.261.4876

Map of Columbus Office
Columbus

65 East State Street, Suite 2000
Columbus, OH 43215

contactsd@schneiderdowns.com
p:614.621.4060     f:614.621.4062

Map of Washington Office
Washington, D.C.

1660 International Drive, Suite 600
McLean, VA 22102