Succession Planning Services

Succession planning, also called exit or transition planning, proactively creates a roadmap for future leadership changes. This could mean an owner is retiring and transferring the firm to family members or funding their next big adventure with a third-party sale.

A succession plan also outlines how immediate and ongoing financial obligations will be met, like any remaining contracts. While a business can represent one of the most valuable assets in the portfolio, succession planning can feel uncomfortable.

However, unexpected life events can negatively impact a business’s value or reputation without a plan. Having a documented succession plan gives you the control and confidence to ensure a smooth transition and leaves the company in the most capable hands.

Aldrich’s advisors have the industry expertise to help you transition your architecture and engineering firm and maximize future returns.

Growing an architecture or engineering firm takes years of hard work, and we know how important it is to protect that legacy. Many leaders want to ensure their succession plan provides jobs and income to key employees and family members. Others want their legacy captured through charitable contributions. There is no one size fits all for exit planning, so our advisors take the time to get to know you, your business, and your financial goals.  

A succession plan should give you peace of mind and hope for the future. Our experts help take the stress and uncertainty out of the process by providing industry know-how to address challenges specific to architecture and engineering firms. We serve firms ranging in size and will always apply the approach that works best for you.

If you’re ready to create a transition plan, we’re ready to talk.