Events Calendar

Family Business Conference: Managing Planned and Unplanned Transitions

The half-day conference, Managing Planned and Unplanned Transitions, is designed to demystify the transition process for leaders of family-owned firms.

Date: April 2, 2019 - April 2, 2019
Time: 7:30 a.m. Breakfast 8 a.m. Program Begins - 1 p.m. Program Concludes
Location: Country Club of Rochester, 2935 East Ave, Rochester, NY 14610

Hosted by the Family Business Initiative at the School of Business

Conference intended for family business owners only.

The conference runs from 8 a.m. to 1 p.m. on Tuesday, April 2, at the Country Club of Rochester, 2935 East Avenue, in Rochester. It is open to current or future family business owners, managers, or leaders.

Register Online Today

Family Business Transitions Stories

Two families will share their transition stories. Attendees will hear from members of the Lang Family, who sold their family business, Ainsworth Pet Food Company, in 2018. They will discuss how they made and executed the decision to sell their fifth generation company.

Eric Allyn, former chairman of Welch Allyn, will share the story of the 2015 sale of his family business to Hill-Rom and what the family is doing now during “Family Enterprise 2.0.”

Their stories will help participants learn more about governance (for the business and the family) in family firms and develop priorities for their transition planning. Expert faculty will also describe current trends and best practices relevant to transitions in family firms.

A logo for Empire Valuation Consultants

Valuation Strategies: Proactive Strategies for Planned and Unplanned Transitions
Sponsored by Empire Valuation 

It's best to plan for enterprise valuation before a triggering event occurs. Business evaluation is best done as part of a thoughtful succession planning strategy so that family business owners' visions for the future of the family-owned company that they helped build can be realized.

Empire Valuation Consultants Managing Directors Terry Griswold and Hugh Woodside will provide an overview of the valuation process, which is an important strategy to help family business owners realize their financial and long-term goals and protect their firms during planned and unplanned transitions. Topics discussed will include succession planning strategies, when and why family businesses need independent appraisals of their companies, managing planned and unplanned business transitions, valuation in the context of divorce and shareholder disputes, an overview of valuation techniques, the effects of buy-sell agreement on valuation, as well as valuation discounts and premiums. They will also comment on the art and science of valuing family businesses and demystify the process of reconciling multiple valuation techniques to a single conclusion of value. 

Facilitator:

Hugh Lambert, CPA/ABV
St. John Fisher College Family Business Fellow
Visiting Assistant Professor of Practice

Online registration is now open, and includes an early bird offer of $145 through Friday, March 8. After March 8, registration will be $195 and closes on March 29. For more information, email Dr. Carol Wittmeyer at cwittmeyer@sjfc.edu  or call the Office of the Dean of the School of Business at (585) 385-8446.