Keep vs. Sell: What to do with the family business
Presented By: First Bank & Clayton Capital Partners
Family-owned businesses have their own unique dynamics--from multiple shareholders to complicated succession plans. Hear from a group of current and former family business owners and their M&A advisors as they discuss how they navigated the most difficult question: to keep or sell the company.
Dan is a former Managing Partner of CMA, a St. Louis based consulting firm with expertise in people and talent. On 1/1/2020, the firm transitioned to three consultants at the firm. During his 22 year watch, the firm grew 9X in revenue. He works with family businesses during the generational transition. He leads programs to support the generational transition of a family business including The Business of Family Business Ownership, The Family Business Forum, The Family Business Speaker Series and The Business of Family Business, which airs on KMOX.
Former Chairman, President & CEO
First Bank, Inc.
Third generation owner, Chm , Pres , CEO of First Banks . From 1970 to 2000 acquired over 60 banks and their holding companies, in many states, retiring in 2000. Presently a director to the successor to First Banks, Inc.
Executive Chairman & CEO
Truck Centers, Inc.
John is second-generation Chairman/CEO of Truck Centers, Inc. He assumed the helm of the insolvent dealership from his father in 1976 and recharted its course. That tenacious resolve elevated TCI from 15 employees at a single store to a team of 782 serving 12 locations. John is a respected industry authority and has held numerous advisory appointments. While TCI is celebrating its 50th anniversary this year, his passionate leadership and astute planning has also advantageously positioned NextGen leaders for decades to come.
CEO & Owner
Glenn began his career at Arthur Andersen and Company. He was drawn to the healthcare industry, viewing the product as a service to people in an industry with great financial needs. Glenn worked for Tenet Health and at Lutheran Medical Center as the Chief Financial Officer. He also served as CFO for DePaul Health Center/SSM before starting G2N in 2001. G2N was a start-up consulting company focusing on assisting hospitals in improving their processes for compliant and optimal payments. G2N also provided medical coding, which became the majority of G2N's revenues before selling to iMedX in November, 2015. In his spare time, he enjoys spending time with his family, running and traveling.
Managing Partner & CEO
Kevin Short is managing Partner and CEO of Clayton Capital Partners, a St. Louis-based investment banking firm specializing in merger and acquisition advisement. He is author of "Sell Your Business For An Outrageous Price," which synthesizes his experiences selling mid-sized companies for twice the industry average EBITDA multiple. He has also orchestrated more than 150 purchase/sale transactions with an aggregate value of more than $1 billion. Years of experience enable him to aggressively pursue his clients’ objectives during the turbulence that characterizes every transaction.