Manchester, NH (October 5, 2016)— The newly renamed and expanded XPX Boston (now XPX New England), is welcoming New Hampshire with an inaugural program in the region titled Business Ownership Transition: The Good, The Bad, and the Ugly. This expansion and upcoming event is in response to 2015’s drastic increase in merger and acquisition activity in the U.S., coupled with a positive outlook on 2016’s transactions.
Attendees from across New England will gain insights from business owners’ first-hand accounts into the myriad pitfalls and considerations of positioning a company for growth and ownership transition. Three types of transactions will be discussed: External Sale, Employee Stock Ownership Plan (ESOP), and Management Buy-out.
The program, in partnership with Southern New Hampshire University, will be held on November 1, 2016 at the SNHU Hospitality Center in The Quill Restaurant from 7:30am to 9:30am; breakfast will be provided.
“XPX programs offer an educational opportunity for business owners and executives to explore critical issues in a safe and supportive environment. Our partnership with educational institutions allows for a deeper dive into the topic,” said chapter organizer, Steven Cohen, Shareholder and Mergers and Acquisitions Chair at Devine Millimet.
What: Business Ownership Transition: The Good, The Bad and The Ugly
When:Tuesday, November 1, 2016
Where: The Quill Restaurant
Southern New Hampshire University Hospitality Center
2500 North River Road
Time: 7:30am to 9:30am
Moderator: Gerri King, PhD, is a social psychologist and organizational consultant. King is President of Human Dynamic Associates, based in Concord, NH.
Speakers: Gerardine Ferlins, Citronics
Albert Miltner of Miltner’s Shoes, Inc. (Bootlegger Footwear Centers)
Bruce Wilson, Cellular Specialties
Details: Parking is on-site and a full breakfast will be provided
For more information, contact Donna Powell, email@example.com and (978) 392-7929.
This program is made possible through the generous support of the following sponsors: Vigilant Capital Management, Melanson & Heath, and Dunn Rush & Co.
About the Speakers
Gerardine Ferlins, President and CEO of Cirtronics, – Employee Stock Ownership Plan
Based in Milford, NH, Cirtronics is a product manufacturer in the Electronic Manufacturing Services (EMS) industry invested in all stages of the product lifecycle. Gerardine is the guiding influence over the evolution and growth of the company. Her career began as a medical social worker, a teacher and later in roles within a traditional manufacturing business environment at Worcester Controls. Cirtronics transitioned to an ESOP in 2002.
Bruce Wilson, founder of Cellular Specialties, Inc. – External Private Sale
Based in Manchester, New Hampshire, Cellular Specialties, Inc. (CSI) was an innovator of in-building connectivity solutions for the wireless communications and public safety markets. Bruce Wilson built the company and established a national footprint by selling to Fortune 500 businesses and the major carriers. The company grew from 11 employees to over two hundred with revenues of approximately $37 million in 2013. It was sold in 2013 and 2014 to Westell Technologies for an all cash purchase price of $39 million.
Albert Miltner, Miltner’s Shoes, Inc. – Management Buy Out
Miltner’s Shoes, Inc. operates 8 Bootleggers Footwear Center’s across New Hampshire and Massachusetts offering one of New England’s largest selections of athletic footwear, sandals, hiking boots, work boots, winterboots, dress shoes, casual shoes, slippers, clogs and more for the entire family.
About XPX New England
Exit Planning Exchange New England is a multi-disciplinary community of professional advisors who work collaboratively to help business owners throughout New England build valuable businesses and assist them in preparing and executing a successful transition. XPX New England members work collaboratively and in the best interest of their clients by offering perspective from a variety of transition stages and expertise.
XPX New England is a locally-controlled non-profit chapter of XPX Global, organized by national and regional leaders in the private company market. XPX has chapters in Boston, Connecticut, Maryland, New York, Philadelphia, and Washington D.C.
For more information, please visit https://exitplanningexchange.com/New-England