What is the Value of Your AEC Firm? Make Sure to Nail Down These Points
Many architectural, engineering and construction (“AEC”) firms will have the need to transition ownership in the next decade. Oftentimes, these firms are led by baby boomers who have succession planning needs, a desire to transfer the business to their children, or perhaps no longer have the stomach for the ups and downs of the industry. Due to these factors, we have seen a surge in requests for valuations of AEC firms in recent years.