The Beringer Group is pleased to announce that our client, Steinhouse Supply Co. Inc., has entered into an agreement for the sale of the company to Southern Pipe of Meridian, Mississippi effective November 4th, 2019. Steinhouse Supply Co. Inc. was the oldest plumbing supply house in Nashville, Tennessee. Steinhouse Supply Co. Inc., a family-owned and[…]
Our approach was to find the best partner for president Lynn Harrison and his family, and to allow for the continued success of the company and their employees.
CHIEF EXECUTIVE OFFICER Ted is a nationally-recognized financial advisor to some of the wealthiest families in the country. He was also the founder and Chairman of The Mid-Atlantic Companies, Ltd., a nationwide, full-service, financial services firm.
by Brad Williams and John Leighbody When selling a company, consider the following: 1.Stock Market and Interest Rates: Even if your company is private, the stock market will play a role in the price you can expect from its sale. Public and private company valuations are correlated. Interest rates also play a factor in the[…]
The Beringer Group is pleased to announce that our client, Blodgett Supply/Blodgett Distributors, has entered into an agreement for the sale of the company to Hajoca Corporation of Lafayette Hill, Pennsylvania. Blodgett Supply is a family-owned diversified wholesale distributor, tracing its roots back to 1848. Hajoca is the second-largest PHVAC wholesaler in North America and[…]
by John McAlister and Chris Beringer This is the second installment in the series “Bridging the Gap.” The focus is on active vs. inactive shareholders in a closely held business enterprise. Companies have inactive shareholders for many reasons, but typically they are in a multi-generational business where shares are transferred in some manner to the[…]
by John McAlister and Chris Beringer Majority shareholders in a family owned business enterprise are faced with a key decision regarding the future success or failure of their enterprise: Keep, Sell, Grow. When there are children working in the business, the “Keep, Sell, Grow” decision can become monumental. Today we begin a series of Whitepapers[…]
This past April, Chris Beringer and Brad Williams of The Beringer Group, one of the top wealth management firms in the country, served as two of the “sharks” in the Shanahan Tank Challenge, a student business competition at Bishop Shanahan High School in Downington, PA inspired by the popular television program ‘The Shark Tank.’ Participating students generated[…]
by John McAlister and Chris Beringer The objective of this white paper is to suggest ways for family businesses to maximize financial objectives while minimizing family conflict. There are inherent conflicts between active and inactive shareholders. There are also deep seated emotional conflicts that may go back generations. These issues can be dealt with, but[…]
EFFECTIVE BOARDS FOR A PRIVATE ENTERPRISE The creation of a customized board of directors can prove beneficial to the continuous improvement of the private business. For a family-owned enterprise an effective board strives to improve business governance and perpetuate family control. This active board should include qualified, experienced outside directors. An effective director’s only interest[…]