Growing up, my father was fond of sharing various quips and quotes. Some were motivational, others just corny, and I’m confident most of them went in one ear and out the other. But one that always stuck with me was the famous Maya Angelou line: “People…
Executive Corner: Inside the Latest A/E Business Valuation and M&A Transaction Study
With economic growth slowing and interest rates rising, it’s not surprising that A/E firm valuation multiples have ebbed from their post-pandemic…
Executive Corner: Where Are A/E Values Heading?
With so much turmoil in the economy and stock market, many A/E business owners are probably wondering what this may mean for their own firm’s value.…
Executive Corner: An Inside Look at the Landmark ESOP Valuation Case
For over a decade, the Department of Labor (DOL) has carried out a controversial and aggressive enforcement effort targeting valuation issues in employee stock ownership plans (ESOPs). The DOL did not lose a major ESOP case on a valuation issue until…
Executive Corner: A Peek Inside the Latest Data-Valuation Trends
The latest valuation statistics from the recently released “A/E Business Valuation and M&A Transactions Study” reveals some interesting trends, including significantly higher valuation multiples for larger firms and higher equity values across the…
Executive Corner: 2021 Mid-Year Executive Outlook
As the disruption and severity of the global pandemic continues to fade, A/E leaders across the country are ready to take on the challenges and opportunities left in its wake. I recently connected with several CEOs from coast to coast for our annual Mid-Year…
Executive Corner: The Pandemic’s Impact on A/E Firm Ownership
A psychological shift seems to be taking place as we begin to migrate back to “normal.” More Americans are shifting their views on retirement, with many considering retiring earlier than initially planned. In a recent phone call, an A/E firm owner…
Executive Corner: Mitigating Taxes While Achieving Strategic Ownership Goals
In my experience, the top three reasons why A/E firms implement employee stock ownership plans (ESOPs) are taxes, taxes and taxes. However, although mitigating taxes is an important element, a good ownership plan should be driven by a firm’s strategic plan…
Executive Corner: Is the Future of Your Firm in the Hands of Millennials?
One of the largest ownership transition issues A/E firm owners currently face is the same one they faced years ago: finding a way to influence younger employees and warm them to the idea of equity ownership. Luckily, there’s now much more robust qualitative…
Executive Corner: Wall Street Sentiments Suggest Strong A/E Industry Outlook
Sometimes the movement of money in capital markets can tell us a lot about investors’ expectations for a particular stock or a particular industry. In the case of the A/E industry, there are a number of factors that are likely impacting investors’ sentiments.…
