All of the trends that are changing the construction industry today require economies of scale and capital to truly take advantage of. Private Equity firms are seeing that trend and taking a bigger interest in the construction market.
The onboarding and integration of a new team member is something the best contractors rigorously manage as one of the 9 critical talent processes. What we don’t always pay as close attention to is what Sue Weiler-Doke frames as “Retirement Onboarding."
Most contractors have gone through the succession process zero times. Choosing the right team of advisors will help you effectively explore options and refine the details of your specific succession.