“How-To” – Trials, Tribulations, and Learnings of Selling Your Privately Held Business

How-To”: Trials, Tribulations, and Learnings of Selling Your Privately Held Business

Day of Zoom:

Topic: Trials, Tribulations and Learnings of Selling Your Privately Held Business

Time: Dec 11, 2024 08:30 AM Eastern Time (US and Canada)

Join Zoom Meeting

https://us02web.zoom.us/j/82842412330?pwd=SILlEpWFdH5tFbiSSUsKR6vvXcs6Pf.1

Meeting ID: 828 4241 2330

Passcode: 471672

Come join us for an informative discussion where you will hear directly from past and present business owners who successfully transitioned their privately-held businesses. Led by Randall Richard, CEPA©, an experienced business owner and advisor, each panelist will share their actual experiences in the transition process, mistakes that could have been avoided, and learnings along the way. You won’t want to miss it!

Please be prepared: Attendees will need to show license (ID) at the door for new event security protocol at BerryDunn.

Agenda:

– Introduction of Host and Panelists

– Experiences from Selling A Business

– Learnings and Mistakes to Avoid

– Professionals to Surround Yourself With Q&A

Randall Richard, President, Richard Brothers Financial Advisors

Randall  oversees the firm’s investment portfolio allocations and selection of institutional products. As a Certified Exit Planning Advisor, Randy’s passion is helping business owners build more valuable companies and have stronger personal financial plans aligned with their personal goals.

He is an MBA Graduate from Suffolk University and has more than 30 years of experience in the banking and financial services industry, including senior management positions with UBS, Inc. and Putnam Mutual Funds, as well as experience in asset management, business development and consulting.

In his spare time he enjoys golfing, traveling, cycling, health & fitness, fishing and spending time with his family.

Robert J. Vickerson, President, Sports Fields, Inc.

Robert J. Vickerson (Bert) is the third-generation leader of Sports Fields Inc., co-managing the business with Kevin Smith. The company was founded by his grandfather, James “Jerry” Vickerson, in 1980 to improve school field conditions in Maine. Jerry started with his sons, expanding the business into field maintenance. In 1992, Bert’s father, Jim, took over with Eugene Duplessis, growing the company statewide. In 2020, Bert and Kevin acquired the business, navigating challenges like COVID-19 and expanding through acquisitions, aiming for continued success and growth for another 40 years.

Robert J. Grondin, III (Bob), Retired president, R.J. Grondin and Sons – Winners of the 2024 Maine Family Business Renys Large Business Award

Robert J. Grondin, III (Bob) is the retired, past president of R.J. Grondin and Sons, a fourth-generation earth-moving company in Gorham, Maine. He led a successful succession planning initiative, retiring in 2023, with the company earning a top-10 spot in the “Best Places to Work in Maine” for 2024. Bob spent 50 years at the company, sharing his institutional knowledge with the next generation. He resides in Gorham with his wife, Terri, enjoys following his five grandchildren’s sports, tinkering with old trucks, hunting, fishing, and boating.

R.J. Grondin & Sons won the Renys Large Business Award for the IFOB’s Maine Family Business Awards in 2024.

Fran Toolan, Founder, Firebrand Technologies

Fran Toolan founded Quality Solutions, Inc. in 1987 as a tech consulting startup. By 1994, the company focused solely on software services for book publishers and was rebranded as Firebrand Technologies in 2007. Over 35 years, Firebrand grew to $15M in revenue with 115 employees across 5 countries. In January 2021, Firebrand was sold to MediaDo, a Japanese ebook distributor. Fran served as CEO for two years post-sale and remains on Firebrand’s board until his term ends in January 2025.

You don’t have to be a Rockefeller to understand the danger, to generational wealth, that comes from taking unnecessary risks that are inherent in managing your own investments. It’s easy for an employee or business owner to work their entire life, saving and investing in what they think are “good” retirement plans, only to be hit with losing 50% in taxes or withdrawal penalties. Or be too heavily balanced in risky investments going into retirement. This is where Randall Richard and his book, Keeping Wealth in the Family can be of help to you and your family.

Learn more about Randy’s book here!