GROWTH. TRANSFER. LEGACY.
Find events across the Tri-State area in New York, New Jersey, Hartford CT and Fairfield County CT.
Business owners commonly face a dilemma of whether to hold on to their business, continuing to enjoy its financial rewards and the sense of fulfillment and purpose it gives, or cashing in to secure their future and lower their risk profile. Oftentimes, a need for liquidity, either for oneself or for a passive shareholder, may drive the owner to sell before he or she is ready. Adding to the anxiety, the question of when to sell can arouse all sorts of fears that had been suppressed or ignored over the years, such as:
There is a path that a surprising number of entrepreneurs are not aware of, one that lies in that middle zone and lets them keep the cake while taking an outsized slice for themselves – a partial recapitalization. Rather than agonize over whether they are selling too soon, owners should give serious consideration to a recap because it allows them to continue to own and control their company while still addressing any liquidity needs or securing their personal finances.
Margaret Isa Butler is a partner in Ice Miller's Business Group, concentrating her practice on mergers and acquisitions, joint ventures and alternative investments, including real estate development projects, limited partner investments across the investment strategy spectrum, debt and equity co-investments and direct investments by institutional investors and family offices. Prior to joining Ice Miller, Margaret was a partner in an international law firm where she oversaw mergers and acquisitions of publicly traded companies, engaged in buy-side and sell-side representation in private transactions, provided advice with respect to activist hedge fund investment techniques and related securities law issues and represented pension plans on fund investments.
Margaret received her juris doctor and Master of Business Administration through the joint degree program at Columbia Business School and Columbia Law School in 2002. Margaret was a James Kent Scholar and served as senior editor of the Columbia Law Review.
ESOPs can offer significant succession planning and wealth creation benefits. In many instances, an ESOP can provide a greater ROI to the business owner, management and employees than private equity. We will examine the key features and considerations as well as instances where ESOPs make sense. Learn what factors about the business, owners and business timeline that make it attractive to use an ESOP.
In this session, we will explore:
John Vitucci, PKF O'Connor Davies, LLP
John N. Vitucci is a Principal in the Employee Benefits Services Practice at PKF O’Connor Davies and has more than 30 years of experience working with Fortune 500 corporations and investment banks in all areas of employee benefits, executive compensation and ERISA. John is currently an adjunct professor at Columbia University where he teaches Pensions & ERISA and Oral Communications for Actuaries in the Actuarial Master’s Program. John has implemented ESOPs at over 100 Fortune 500 companies and at many private companies.
The New Jersey chapter is growing and welcoming professional advisors who help business owners plan for a successful exit. As we continue to examine many of the different planning considerations and decisions an owner needs to face, our members participate in this interactive discussion. We welcome your attendance at our next meeting.
Employees are critical to any organization for efficiency, core knowledge and customer relations. With the current unemployment rate at a record low, companies must be creative to continue to incent and motivate employees. What vehicles are available to business owners to achieve employee incentives without jeopardizing the financial stability of the organization? What are the typical structures used for family members vs non-family members?
Employee Stock Option Plans can offer a company’s owners significant succession planning and wealth creation benefits while rewarding employees. Many times, using an ESOP can produce better financial results to the organization than private equity funding. Where does it make sense to explore the use of an ESOP? What changes have occurred that make using an ESOP more attractive today?
Please join us with a discussion led by John Vitucci, a Principal with PKF O’Connor Davies, LLP and Harvey Katz, Partner with Fox Rothschild LP, as they share their professional experience with all of us. This highly interactive session will allow for participation by attendees in a collaborative format. As an association of experienced advisory professionals for business owners and their companies, we are all focused on delivering the highest level of subject matter expertise to our clients and we would value your expertise and insights.
We invite you to join us for this exciting event and for the entire series this year!
To make it easy to remember, we’ll always meet on the 3rd Wednesday morning of each month through June 2019, so please set up a recurring calendar appointment now so you won’t miss an XPX breakfast!
Ann Bank Parking Garage
41 Bank Street, Morristown, NJ
DeHart Street Parking Garage
14 Maple Ave, Morristown, NJ
Employees are critical to the success of any organization, and giving them a beneficial ownership interest in the business can be a great motivating factor. In this session, we will explore:
Ken Pia, Partner, Marcum LLP - Ken run's Marcum's ESOP business nationally and is based In CT
Maureen Cosgrove, Senior Vice President, Aegis Fiduciary - Maureen is an ESOP trustee out of Glastonbury.
In this session, we will hear from an owner who has sold his business. The discussion will cover the good and the bad, the emotional rollercoaster owners experience, his experience with his advisors, and what pitfalls to avoid.
XPX Hartford Chapter hosts monthly meeting that are focused on deep learning and networking with fellow advisors to privately-held businesses. Our speakers and attendees are experts who focus on particular aspects of the private company life cycle including business value growth, business value transfer and owner life and legacy.
At this meeting, you can expect to:
Learn how to better serve your clients
Meet new contacts in the private company market
Get visibility with your existing network of contacts
Gain an appreciation of the power of the XPX Advisor Principles
Hope you'll join us!
XPX New Jersey Chapter hosts monthly meeting that are focused on deep learning and networking with fellow advisors to privately-held businesses. Our speakers and attendees are experts who focus on particular aspects of the private company life cycle including business value growth, business value transfer and owner life and legacy.
XPX Fairfield Chapter hosts monthly meeting that are focused on deep learning and networking with fellow advisors to privately-held businesses. Our speakers and attendees are experts who focus on particular aspects of the private company life cycle including business value growth, business value transfer and owner life and legacy.
Details to come
Registration Fees: Early Bird Rates Expire January 29, 2019
Members of ACG CT - Complimentary
Young Members of ACG CT - Complimentary
Non-Member 95.00 (early bird)
Member of other ACG Chapter 55.00 (early bird)
Member of other ACG Chapter 75.00
***Registration is through ACG***
Several organizations exist for business owners who have sold their business and come into life changing wealth. Tiger 21 is a peer membership organization for high-net-worth wealth creators. The organization currently has more than 500 Members across North America and London, collectively managing approximately $51 billion in assets. The group holds monthly meetings that provide its members with a confidential peer forum in which to explore a range of critical issues including investment strategies, wealth preservation, philanthropy, estate planning, health issues, and family governance.
Businesses that are established by two or more founders commonly face a point when one founder wants or needs to exit the business before the other. A useful tool in those situations is a buy/sell agreement, hopefully set up early on in the business, which determines the terms and valuation to allow the remaining owner to buy out his partner. In this session we will explore:
When is the right time to implement a buy/sell agreement?
How is valuation determined?
What is the alternative to a buy/sell agreement?
When seeking to attract capital into your business, owners need to understand the language and motivation of institutional investors. Owner often don’t understand that selling to investors is entirely different than selling to customers. In this session we will cover:
How to position your company to investors and where it sits relative to larger companies in its industry
Being candid about the company’s shortfalls and areas for improvement
How to approach financing sources
No company should execute a transaction without professional help. In this session we will explore:
Join us for our annual summer evening of outdoor summer networking with fellow professionals interested in the exit planning space. Invite a colleague who would benefit from learning about XPX Fairfield.
We will have an open bar, appetizers and a hot dinner buffet.
If it rains we have space inside the club.
View from the Outdoor Patio!
Celebrate the summer with quality networking!
Don’t miss an opportunity to network with Hartford XPX and ACG professionals in this popular joint event at Stoney Creek Brewery.
Relax away from work and enjoy this state of the art brewery in a laid back environment. Sample a variety of craft beers including IPAs, Lagers, Ales & Stouts and seasonal unique brews.
Enjoy good food, conversation, and beer. This event is a unique opportunity to connect with colleagues, create new relationships and celebrate the summer. Don't forget to bring business cards!
Attire is summer casual. Registration fee includes food and open bar.
XPX Members:Member of XPX Hartford & Tri-State: $55.00
Young Member of XPX CT & Tri-State: $45.00
Member of Other XPX Chapter: $65.00
ACG Members: Registration code required to get rates below.Member of ACG CT: $55.00 - BEER2019
Young Member of ACG CT: $45.00 - BBQ2019
Member of Other ACG Chapter: $65.00 - Summer2019
Non-Members & Guests:$75.00 (expires July 22)
$95.00 (after July 22)