{"id":1431,"date":"2018-04-01T17:39:15","date_gmt":"2018-04-01T17:39:15","guid":{"rendered":"https:\/\/wolvgroup.com\/?p=1431"},"modified":"2019-03-01T14:48:21","modified_gmt":"2019-03-01T14:48:21","slug":"cyclical-construction-industry-creates-unique-challenges-for-succession-planning","status":"publish","type":"post","link":"https:\/\/wolvgroup.com\/cyclical-construction-industry-creates-unique-challenges-for-succession-planning\/","title":{"rendered":"Cyclical construction industry creates unique challenges for succession planning"},"content":{"rendered":"<p class=\"p1\"><span class=\"s1\">I<\/span><span class=\"s1\">n the middle of an extended construction industry expansion across West Michigan, most contractors are focused on running their businesses, rather than transitioning them to new ownership.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">But the current booming market that\u2019s boosting companies\u2019 balance sheets could provide the ideal conditions for owners to sell and maximize their return on investment.\u00a0<\/span><\/p>\n<p class=\"p6\"><span class=\"s1\">\u201cIn terms of selling at the peak, right now it would be selling at the peak of profitability,\u201d said Max Friar, managing partner of Grand Rapids-based M&amp;A firm <b>Calder Capital LLC<\/b>. \u201cA lot of these people are really just killing it from a profit perspective. They\u2019re probably not selling at the peak of multiples. I think that\u2019s passed.\u201d<\/span><\/p>\n<p><a href=\"https:\/\/mibiz.com\/item\/25700-cyclical-construction-industry-creates-unique-challenges-for-succession-planning\">Read More &gt;&gt;<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In the middle of an extended construction industry expansion across West Michigan, most contractors are focused on running their businesses, rather than transitioning them to new ownership. But the current booming market that\u2019s boosting companies\u2019 balance sheets could provide the ideal conditions for owners to sell and maximize their return on investment.\u00a0 \u201cIn terms of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1363,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[21],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Cyclical construction industry creates unique challenges for succession planning - Wolverine Building Group<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wolvgroup.com\/cyclical-construction-industry-creates-unique-challenges-for-succession-planning\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cyclical construction industry creates unique challenges for succession planning - Wolverine Building Group\" \/>\n<meta property=\"og:description\" content=\"In the middle of an extended construction industry expansion across West Michigan, most contractors are focused on running their businesses, rather than transitioning them to new ownership. But the current booming market that\u2019s boosting companies\u2019 balance sheets could provide the ideal conditions for owners to sell and maximize their return on investment.\u00a0 \u201cIn terms of [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wolvgroup.com\/cyclical-construction-industry-creates-unique-challenges-for-succession-planning\/\" \/>\n<meta property=\"og:site_name\" content=\"Wolverine Building Group\" \/>\n<meta property=\"article:published_time\" content=\"2018-04-01T17:39:15+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-03-01T14:48:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wolvgroup.com\/wp-content\/uploads\/2019\/02\/letter-from-the-owners-2.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2247\" \/>\n\t<meta property=\"og:image:height\" content=\"1498\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Wolverine Building Group\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Wolverine Building Group\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wolvgroup.com\/cyclical-construction-industry-creates-unique-challenges-for-succession-planning\/\",\"url\":\"https:\/\/wolvgroup.com\/cyclical-construction-industry-creates-unique-challenges-for-succession-planning\/\",\"name\":\"Cyclical construction industry creates unique challenges for succession planning - Wolverine Building Group\",\"isPartOf\":{\"@id\":\"https:\/\/wolvgroup.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wolvgroup.com\/cyclical-construction-industry-creates-unique-challenges-for-succession-planning\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wolvgroup.com\/cyclical-construction-industry-creates-unique-challenges-for-succession-planning\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wolvgroup.com\/wp-content\/uploads\/2019\/02\/letter-from-the-owners-2.jpg\",\"datePublished\":\"2018-04-01T17:39:15+00:00\",\"dateModified\":\"2019-03-01T14:48:21+00:00\",\"author\":{\"@id\":\"https:\/\/wolvgroup.com\/#\/schema\/person\/093be0cff232538b70ce5f05dcabf45b\"},\"breadcrumb\":{\"@id\":\"https:\/\/wolvgroup.com\/cyclical-construction-industry-creates-unique-challenges-for-succession-planning\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/wolvgroup.com\/cyclical-construction-industry-creates-unique-challenges-for-succession-planning\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wolvgroup.com\/cyclical-construction-industry-creates-unique-challenges-for-succession-planning\/#primaryimage\",\"url\":\"https:\/\/wolvgroup.com\/wp-content\/uploads\/2019\/02\/letter-from-the-owners-2.jpg\",\"contentUrl\":\"https:\/\/wolvgroup.com\/wp-content\/uploads\/2019\/02\/letter-from-the-owners-2.jpg\",\"width\":2247,\"height\":1498},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/wolvgroup.com\/cyclical-construction-industry-creates-unique-challenges-for-succession-planning\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/wolvgroup.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Cyclical construction industry creates unique challenges for succession planning\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/wolvgroup.com\/#website\",\"url\":\"https:\/\/wolvgroup.com\/\",\"name\":\"Wolverine Building Group\",\"description\":\"Commercial &amp; 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