Press Releases
PRESS RELEASE
Marketing Department
P.O. Box 250
Evans City, PA 16033
Contact:
Lauren W. Way
Marketing Communications Manager
724.538.2205
lway@thebank.com
Will your business be attractive to investors? What do you need to know before it is time to sell your business?
Cranberry, PENNSYLVANIA – March 1, 2007 – 55% of owners due to retire within the next five years have not chosen a successor, finds the Mass Mutual/Raymond Institute American Family Business Center Survey, 2003.
Whether your business represents your entire life and countless discussions around the boardroom or dinner table, or it is a marginal success or short-term investment, selling it will be one of the most important business decisions you’ll make.
On Thursday, March 15, NexTier’s Family Business Center will host a panel discussion featuring the expertise of two equity investors and a merger & acquisition specialist. Discussion will focus on the details of buying and selling and provide beneficial insight into the buyer’s assessment process. The panelists will explain how to formulate your plan with professional advisors, and how to negotiate a price and terms that satisfy your reasons for getting out of the business as well as highlight the major roles an investment banker performs for the seller.
The seminar, part of NexTier’s Business Learning Series, takes place from 8 a.m. – 10 a.m. at the Pittsburgh Regional Learning Alliance, Cranberry Township.
The moderator is Rich Snebold, co-founder of The Family Business Center at NexTier. Panelists are Jeffrey A. Dewhirst, Managing Director, Dewhirst Warrick LLC; George M. Elish, Executive Vice President, Rosetta Capital Corporation; and Robert A. Maruszewski, Partner, Key Bridge Partners LLC.
For reservations, call Leigh at 1-888-829-2162, x 3. A $25 fee is waived for NexTier business customers. This seminar will be available from Talkshoe.com in a Podcast format at FamilyBizCenter.com.
NexTier Bank is an innovative, full-service financial institution that focuses on superior customer service and business solutions. NexTier’s 16 community offices serve Butler, Armstrong, and northern Allegheny counties, as well as Radnor, PA. NexTier has more than $480 million in assets and 300 employees. NexTier, Inc. includes NexTier Bank, NexTier Insurance Services, The Family Business Center at NexTier, NexTier Wealth Management, NexTier Mortgage, NexTier Armored Services, and Radnor Trust Company. Information about NexTier is available at www.thebank.com or 1.800.262.1088.
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