By: Billy Pritchard Preferred vs. Common When assessing one or multiple Term Sheets or Letters of Intent involving a private equity recapitalization, founders often need guidance on a critical piece to the deal structure: the classification of stock that the PE investor will hold post-closing. For private capital transactions in the lower middle market, we…
By: Nathan Kelly As the year is coming to a close, there are multiple areas worth evaluating when considering raising growth or exit capital in 2023. In the midst of much economic turbulence, we will be sharing our thoughts on how business owners can be thinking about outside investors in the coming year. We’ll look…
Founders recently hosted the Fall Heritage Forum at Pursell Farms in Sylacauga, Alabama. The forum has a unique focus on the participant’s personal, family, and business legacy. The event is designed to allow the participant to take a step back and look at their life and the legacy that they wish to leave behind. The…
Year-End Overview Despite macroeconomic challenges, many companies have seen positive financial results so far throughout 2022. There has continued to be a steady pace of M&A activity within the construction materials universe. Companies have doubled down on their strategic plans, with both large acquisitions and sizable divestitures. How the Majors Navigated 2022 Construction materials companies…
Founders Advisors announced a new firm vision, mission and values on Monday morning. In an internal communication to employees, Founders CEO, Duane Donner, revealed the change comes to line up with the company purpose, Servant Leadership. To launch this new era, the firm welcomed retired CEO of Synovous Bank, Jimmy Blanchard, to speak to the…
By: Brad Johnson Many companies in the lower middle market are initially set up as a Limited Liability Company (“LLC”), but as time passes and the business grows, a number of owners will consult with their CPA and make the appropriate elections for their company to be treated as an S-Corp for tax purposes. There…