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PNC's experienced team can offer you the knowledge and guidance to help determine the transition plan that best suits your business – including sales to family or management, financial or strategic buyers, an ESOP or an IPO.
There are many alternatives available to you when looking to transition your business. The approach that is appropriate for your business depends on a variety of personal and business objectives.
Competitive dynamics, capital market conditions, the attractiveness and readiness of your business, as well as personal, shareholder and stakeholder objectives will all help determine when you should transition your business.
Numerous factors can impact the valuation of your company, both operational and financial. Avoid valuation traps. Meeting with advisors/professionals early in your planning process can help to identify opportunities to maximize the value of your company.
Business owners need to determine the pros and cons of available transition options, as well as the financial implications. Communication is key.
PNC offers M&A advisory services through Harris Williams. Harris Williams is a global investment bank that advises and advocates for clients through critical milestones and during the lives of their business to strategically create value.
Solebury Capital is a premier Equity Capital Markets advisory firm providing independent transaction management services to management teams and owners.
Solebury Trout is a well-established Investor Relations and Corporate Communications firm, offering a wide range of services to both private and public companies across multiple industries.
We understand the complexities and opportunities that ESOPs present and take them into account to assist you in creating appropriate solutions at every stage of your ESOP.
Joe Fahey leads the effort to serve PNC's business owner clients, helping them make one of the most important financial decisions of their life – how and when to transition their businesses through Keep, Sell or ESOP.
He manages a team of approximately 30 private business strategists who facilitate a deep and dynamic discovery process to achieve a mutual understanding of a client’s family, business and financial goals. From the discovery, the team identifies opportunities to enhance value for and maximize benefits to shareholders and stakeholders.
Fahey has served as a financial advisor to owners of privately-held and family-controlled businesses for more than three decades. He has brought to PNC industry-leading tools and processes that integrate and align the strategic plans of businesses and their shareholders.
He earned a bachelor of science in finance from the University of Maryland; a master’s degree in finance from George Washington University and a Chartered Financial Analyst (CFA) designation from the CFA Institute.
Fahey has been a frequent guest speaker at various business transition, investment, estate planning conferences and family business forums. He has also served as a faculty member for the American Banking Association and Private Wealth Management Academy, teaching advanced financial planning for business owners. In addition, he has developed several internal training programs supporting business succession planning.
1. Estate planning considerations are discussed only in conjunction with a client’s attorney, accountant, and/or other business advisors.
The PNC Financial Services Group, Inc. (“PNC”) provides investment consulting and wealth management, fiduciary services, FDIC-insured banking products and services, and lending of funds to individual clients through PNC Bank, National Association (“PNC Bank”), which is a Member FDIC, and provides specific fiduciary and agency services to individual clients through PNC Delaware Trust Company or PNC Ohio Trust Company. PNC provides various discretionary and non-discretionary investment, trustee, custody, consulting, and related services to institutional clients through PNC Bank. PNC does not provide legal, tax, or accounting advice unless, with respect to tax advice, PNC Bank has entered into a written tax services agreement. PNC Bank is not registered as a municipal advisor under the Dodd-Frank Wall Street Reform and Consumer Protection Act.
“PNC” and “PNC Bank” are registered marks of The PNC Financial Services Group, Inc.
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