Business Valuation of Construction Contractors, A Webinar for the NACVA

Gregory Caruso, Esq., CPA, CVA, Partner at Harvest recently recorded a live webinar on business appraisal or business valuation of Commercial and Heavy Construction Contractors for the National Association of Certified Valuation Analysts (NACVA).

Want to know more about building value and selling your construction company – Click here to download a 20+ page e-book. 

Harvest as a valuation expert has valued many construction contractors, subcontractors, and suppliers.  As business brokers Harvest has sold many construction contractors, subcontractors, and suppliers.  Greg spent many years working as a project manager and estimated are a large general contractor and was an owner of a speculative homebuilder that delivered 70 homes in peak years.  He combines this background with his accounting and valuation practices to give an up to date primer on what is different and what to look for when valuing contractors.  Greg has provided business valuation and brokerage services for all types of contractors from general contractors, to subcontractors such as HVAC, plumbing, electrical, to material suppliers, and to engineering firms.  Click here for a link to purchase and listen to the webinar. 

Connect with Greg  Harvest Business Advisors today – email info@harvestbusinessadvisors.com or call him at 609-664-7955

Construction Industry Unemployment Falls to 10.8%

Most construction company owners (including subcontractors, specialty contractors, supply houses, and engineering firms) are reporting that their situations have stabilized and limited growth and profits are returning.  I look to employment figures to confirm those reports.

Statistics from the U.S. Labor Department indicate that in the last year (May, 2012 to May, 2013) nonresidential building sector construction jobs have increased 15,300 jobs or 2.3 percent.  Nonresidential specialty trade contractors netted 51,600 workers or 2.5 percent increase since last year.  Heavy and civil engineering employment rose by 28,600 jobs or 3.3 percent from a year ago.

Slowly construction is returning.  If you are over 50 years old, are you thinking about your exit?  You should be.

Want to know more about building value and selling your construction company – Click here to download a 20+ page e-book. 

Gregory R. Caruso, JD, CPA, CVA
Harvest Business Advisors
609-664-7955

gcaruso@harvestbusiness.com
www.harvestbusiness.com

 

Construction Contractors, Sub-contractors, Engineering, Specialty Trade Firms Growing Fast, Work On Succession Plan or Exit Strategy Now

Construction, Sub-contracting, contracting, engineering, specialty trade contractors etc. are again the fastest growing small businesses.  Owners of these cyclical businesses should start planning for their succession plans and exit strategies while the economy is supporting growth. A time of growth is a great time for mergers and acquisitions, M&A – as either a buyer or a seller.  After the difficulties of the last four or more years now is the time for construction contractors and related engineers, specialty trades, supply houses and the like to both grow and work on their succession plans, exit strategies, and begin the M&A or business sale process.

Cat Clifford, small business expert at Entreprenuer Magazine, says that Sageworks did a study and found the below list to be the fastest-growth industries.

She writes, “Past performance is no guarantee of future results, as the old business truism says. But you also may have heard that you can’t know where you’re going without knowing where you have been.”

Time to Sell Your Construction Business? Please click here to download the e-book, “A Contractor’s Guide to Succession Planning”.

Fastest-Growth Industries for U.S. Small Businesses in 2012

1. Residential building construction: 14.77 percent
2. Building custom software and servers for businesses: 14.29 percent
3. Machinery, equipment, and supplies merchant wholesalers: 13.75 percent
4. Management, scientific, and technical consulting services: 12.31 percent
5. Architectural, engineering, and related services: 11.40 percent
6. Foundation, structure, and building exterior contractors: 11.37 percent
7. Building finishing contractors who make additions, alterations, maintenance and repairs: 11.32 percent
8. General freight trucking: 10.41 percent
9. Services to buildings and dwellings, including pest exterminators, janitorial services, and landscaping: 10.11 percent
10. Other specialty trade contractors, including site preparation activities and other specialized trades: 10.04 percent

To see Cat’s article, Click here

Connect with Harvest Business Advisors today – email info@harvestbusinessadvisors.com or call 443.334.8000

 

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