The perfect storm ?

Like many industries in the US , the construction services industry has experienced significant growth over the past few decades , creating substantial wealth for many owner-operators of construction companies . It is estimated that a large percentage of the 900,000 or so construction firms today are owned by principals who are of ‘ baby-boomer ’ ages , born between 1946 and 1964 . These owners have reached , or are about to reach , the traditional retirement period . Many privately held business owners ’ wealth is tied entirely to the value of their business , and their life stage calls for a serious exploration of how best to unlock that wealth to secure financial comfort in retirement and address estate planning needs . But this life cycle event requires entrepreneurs to spend time exploring how best to implement a liquidity event - investment bankers speak for a sale or partial sale of their business .