January 9 - Expert Business Source - Burnt out? Looking for a lifestyle change? Maybe it’s time to sell your business. Done right, a sale can be a rewarding experience, both emotionally and economically. Done poorly, a sale can leave a bad taste in your mouth – and money on the table.
With the housing market in flux, a business owner may be hesitant to put a for sale sign on his company. But the reality is that savvy buyers are out there, looking for good deals in the construction sector in anticipation of the next upswing, says John Dorey, a senior managing director with RSM EquiCo, an investment banking firm in Costa Mesa, Calif.
“Companies that are doing fairly well, have weathered the last year, and have a backlog are prime candidates for [private equity] rollups and for others in the industry looking to buy,” says Dorey, who heads up EquiCo’s Specialty Construction Division. Read More.
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