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Session F

Building Long-Term Value in Family-Owned Enterprises

Presented By: Eide Bailly LLP / Messerli Kramer

Family-owned businesses have their own unique dynamics—from multiple shareholders to complicated succession plans. And whether you’re looking at transitioning the company to the next generation or considering an exit, it’s imperative to identify ways to build long-term value. Hear from a veteran dealmaker, a family office leader, and a Private Equity executive as they share ways to align vision and execution to enhance your most valuable asset—your business.


Amber Ferrie
Partner/Transaction Advisory Practice Leader
Eide Bailly LLP

Since 2004, Amber has performed business valuations and other consulting services for Eide Bailly clients. She specializes in business transaction advisory services, providing sell-side advisory services to lower and middle market clients who are looking to sell their business, as well as buy-side advisory services for parties interested in purchasing an existing business.

Whether you are buying, selling or simply looking for advice on your current business situation, when you work with Amber you get a trusted advisor who truly has your interests at heart. She'll help you get the best value, whichever side of the transaction you're on.


Brett Larson
Attorney | Division Chair
Messerli Kramer

Brett Larson is a Shareholder and Chair of the Minneapolis Division at Messerli Kramer. He focuses his practice in the areas of mergers and acquisitions, corporate organization and reorganization, international transactions, and succession planning for businesses and business owners. Brett also serves as outside general counsel to many U.S. based businesses in the lower-middle and middle markets.

Elizabeth Lilly
Chief Investment Officer
Pohlad Companies

Elizabeth M. Lilly is Chief Investment Officer and Executive Vice President for The Pohlad Companies. She oversees the public and private investments for the Pohlad family and provides leadership and management of their investment team.

Beth began her career with Goldman Sachs in 1985 in New York. In 1988, Beth joined Fund American Companies in Greenwich, Connecticut where she worked as an investment analyst learning the merits of value investing. In 1997, she co-founded investment firm Woodland Partners, which focused on investing in small capitalization equities. In 2002, Woodland Partners was acquired by GAMCO Investors where she went on to serve as a Senior Vice President and Portfolio Manager and as a member of the value portfolio management team. In 2017, Beth founded Crocus Hill Partners to focus on investments in small and micro capitalization equities.

Beth received her BA in Economics from Hobart/William Smith College where she graduated with High Honors. She received her CFA designation in 1989. She serves on the Board of Directors for several of Pohlad Companies private investments, The Apogee Corporation (public company: APOG), Lakewood Cemetery, The John Templeton Foundation Investment Committee, and The University of Minnesota Investment Advisory Committee.

Michael Minsberg
Creative Lighting by Bellacor
Michael Minsberg is a member of the third generation of his family business, Creative Lighting, Inc. He has 40 years of experience in the retail and wholesale lighting industry, and 22 years of experience in the online lighting and furniture sector.
Michael recently completed selling Creative Lighting to, an online company with overlapping, but not identical, ownership. Michael has been Chair of the Bellacor board since its inception. Bellacor had been discussing a beta site to experiment with the clicks and mortar model that has succeeded in many other industries. The timing became right for both companies in mid 2022,so the transaction ensued.  
Michael can discuss the gamut of experiences he went through, from trepidation to satisfaction, knowing that his family's business will continue through Bellacor.  
Evan Schiebout
Delta ModTech

Evan is a second-generation owner of Delta ModTech. Evan has a mechanical engineering background. Over the years, he has worked in many different key roles at the company. Currently, he oversees the sale, design, and process development of Delta ModTech’s web converting, packaging, and coating machinery. He has also served on his company’s leadership team for 20+ years. Evan was closely involved with Delta's strategic acquisition of Frontier Coating in 2016 and has enjoyed seeing Frontier's sales grow over 10x over the last 6 years.


Conference Location

3205 Excelsior Blvd.
Minneapolis, MN 55416
Tel: 612.926.1601