Stats About Succession
Succession Fact
Retiring Boomer business owners will sell or bequeath $10 trillion worth of assets over the next two decades.
Succession Fact
These assets are held in more than 12 million privately owned businesses.
Succession Fact
More than 70 percent of these companies are expected to change hands.
Succession Fact
Recent studies show that 66% of the current American business market is owned by Baby Boomers, who are set to transition over the next five to ten years. Statistics also show that only 20 to 30% of businesses that go to market actually sell; leaving up to 80% of those without solid options to harvest their wealth and ensure economic continuity into the next generation.