CVG Launches Ownership Transition Service Package
CVG supports firm founders who are embarking on ownership and leadership transition in their firms. Be it internal succession, merger, acquisition, or even firm closure, CVG can help you plan for a successful transition.
CVG’s VP of Investment Partnerships, Rena M. Klein, FAIA, directs this effort. Rena has years of experience advising architecture firm leaders on leadership transition options.
This service is offered in two phases.
Phase One: Assessment
CVG will work with current firm owners to help them understand options and articulate a direction and timeline for ownership and leadership transition.
Financial assessment, including preliminary valuation based on book value
Market position and business development evaluation
Leadership and culture assessment, including owner(s) retirement goals
Recommendations for transition options based on assessment
We will facilitate a discussion of our findings - the opportunities and challenges of the transition option(s) presented. Once a direction is chosen, we can move onto phase two.
Phase Two: Transition Planning
If Internal Transition:
Development of preliminary transition roadmap and cash flow proforma
Comprehensive firm valuation (provided by others)
Finalize transition roadmap and cash flow proforma for review by an accountant
Development of shareholder agreement framework for review by an attorney
If Merger or Acquisition:
Confidential outreach to potential buyers
Develop prospect profile
Prospect research and identification
Advice on merger or acquisition agreement terms
Support negotiations of merger or acquisition agreement
If Firm Closure:
Support development of closure plan
Process: Phase One (Left/Red) and Phase Two (Right/Green/Blue/Purple)