Description

There are many options for successfully passing on your business. This session will discuss the various options for owners and how those options can be evaluated in terms of current market conditions. Learn the return details and professional help required for private equity and competitor acquisition, an employee stock option plan, leveraged buyout and estate planning.

Speakers

• Roy Cohen

  Cohen Seglias

  Roy Cohen is the founding shareholder of Cohen Seglias, currently the 6th rated construction litigation firm in the country as ranked  by Construction Executive Magazine. Since founding the firm in 1988, Roy has seen his firm grow from 3 to more than 80 lawyers.

  One of the driving factors in the firm’s growth has been Roy’s representation of NECA contractors nationwide. At present, the firm counts approximately 250 of its 1300 construction clients as being NECA members. Roy has handled cases for NECA contractors, including trials, arbitrations and mediations, in 35 states over the past 40 years. In addition, Roy and his team have been frequent speakers for NECA Chapters, giving free presentations to more than 40 of the 119 NECA Chapters, as well as speaking at various NECA Division Conferences at the NECA National Convention in Chicago in 2015.

  While the primary focus of Roy’s practice for his electrical contractors is pursuing claims for delay, disruption and Inefficiency damages sustained by his clients through no fault of their own, increasingly Roy has become involved in providing guidance to his clients on business succession. Roy has guided dozens of clients on the various business succession options available to them including sale to private equity firms, creation of ESOP’s, sale to local and out of state competitors, sale to existing employees and transfer of ownership to  family members through the use of estate planning. Roy also represents a publicly traded company which seek to acquire majority interests in electrical contracting firms focuses on the EV and 5 G markets.

  Roy has assembled a panel of NECA contractors with whom  he has worked which have sold to private equity firms, created and managed their own ESOP’s and been engaged in trying to acquire other electrical contractors for a publicly traded electrical roll up.

  

• Shane Snyder

  Cannon & Wendt Electric

  Since joining the Cannon & Wendt Electric Company team, Shane Snyder has held multiple positions including Intermediate Journeyman Wireman, Journeyman Wireman, Foreman, Project Manager, Division Manager, and Executive Vice President to his current role as President.

  Shane has been involved in various National Electrical Contractors Association (NECA) committees including past representation on the Apprenticeship Committee, Vice President of the Arizona Drug-Free Workplace Program, Vice President of the Arizona Chapter of NECA Board of Directors. He currently serves as the Governor of the Arizona Chapter of NECA, Chairman of the NECA Labor Management Committee, Trustee IBEW/NECA Pension & Annuity Funds, and Arizona Chapter of NECA representative on the NECA Political Leadership Committee.

  

• Rob Bresnahan, Jr.

  Kuharchik Construction, Inc.

  Robert Bresnahan is currently the Chief Executive Officer at Kuharchik Construction and has worked in the industry for 33 years.  Kuharchik Construction is a third generation, family owned business that employes over 100 people which has continued to grow and evolve.  During the last two years, Kuharchik has worked with private equity firms interested in acquiring the business.

  

• Michael Mufson