Precise Valuation Powers Smooth Ownership Transition for Tec, Inc.
Industry-Specific Valuation and Benchmarking Facilitates Seamless Leadership Change
Tec, Inc. Engineering & Design, a mid-sized mechanical, electrical, and plumbing firm with locations in Cleveland, Columbus, and Pittsburgh, faced a critical ownership transition following the founder’s retirement and the departure of other senior leaders. With the founder having transferred most of his ownership, and other senior leaders also retiring, Tec faced the challenge of bringing on new owners while ensuring a fair and accurate valuation of the business. The firm needed a reliable partner to provide a fair and accurate valuation to facilitate the seamless onboarding of new owners.
Solutions & Impact
SN’s Valuation & Modeling team delivered an industry-specific valuation, working closely with Tec’s ownership team to tailor the process to their unique needs.
- Provided a tailored industry-specific valuation.
- Delivered comprehensive financial benchmarking.
- Offered invaluable insights into peer performance.
- Highlighted key performance drivers for informed decisions.
Testimonial
“Becky Carlson and her team at Stambaugh Ness truly understand our firm and provide unbiased, actionable information. They’ve been instrumental not only during this transitional period but also in our day-to-day operations. Becky’s valuation was clear and understandable for our future owners, which was crucial for a successful transition.” – Adam Kilborune, President, Tec, Inc.