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Executive Corner: Mitigating Taxes While Achieving Strategic Ownership Goals

October 16, 2017 - in Articles, Column

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?

August 8, 2017 - in Articles, Column

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…

Executive Corner: Wall Street Sentiments Suggest Strong A/E Industry Outlook

March 27, 2017 - in Column

Sometimes the movement of money in capital markets can tell us a lot about investors’ expectations for a particular stock or a particular industry.…

Executive Corner: Five Takeaways from 2016 A/E M&A Activity

February 6, 2017 - in Articles, Column

Good or bad, you certainly can’t say 2016 was dull. In a year that produced memorable comebacks, upsets and surprises across a spectrum of institutions, whether geopolitical (Trump, Brexit), financial (Dow 19,000), sports (Cubs’ and Cavaliers’ wins,…

Executive Corner: Does the Valuation of Your Company’s Stock Reflect ALL its Risk?

October 13, 2016 - in Column

Whether a business valuation is done for purposes of transferring ownership internally from one employee to another, or for meeting the regulatory requirements of sponsoring an employee stock-ownership plan, the risk associated with such an investment is a…

Executive Corner: Is the End Near for Traditional Management/Ownership Structures?

August 1, 2016 - in Column

There’s no doubt about it; attitudes regarding ownership, particularly among younger generations, are changing. Why own a car when, with the touch of your iPhone, you can summon an Uber or Lyft driver to take you where you want to go? Why own a house or…

Executive Corner: Can the A/E Industry Re-accelerate Its Growth?

May 31, 2016 - in Column

Ten years ago, 2006, was arguably the A/E and environmental-consulting industry’s peak of financial performance and achievement. Architects and engineers everywhere took advantage of unprecedented gains in commercial and residential building, while surging…

Executive Corner: Five Takeaways on 2015 A/E M&A Activity

January 31, 2016 - in Column

Fueled by cheap debt, a restless and activist investor climate, and a desire to accelerate growth through economies of scale and efficiencies, global mergers and acquisitions (M&A) across all industries hit an all-time high in 2015. In fact, this year…

Executive Corner: The Dilemmas of A/E Family Ownership

September 30, 2015 - in Column

During the last several years, there has been increased consulting demand for ownership transition as well as mergers and acquisitions for family owned A/E and environmental-consulting firms. These inquiries have cut across the gamut of family ties: husband/wife-,…

Executive Corner: The Engineering Industry Equity Drain: Crisis or Opportunity?

August 2, 2015 - in Column

While Wall Street wrings its hands over how the markets will be impacted by the Baby Boomers cashing in their 401(k)s and pensions as they leave the workforce, a generation of engineers is similarly worried about what will happen to their companies as aging…