Several local CEOs and business leaders will take part in the “Business With Experts” seminar organized by The Business Journal on Sept. 19 at the Fort Washington Country Club from 7 a.m. to 10:30 a.m.
The event will feature two panel discussions, one led by an advisor panel of experts in their industries, and the other led by CEOs of local companies.
The topics of the discussion will be the transition of a business to new owners and raising growth capital.
The advisor panel will have Ashley Jacobsen, business assurance senior manager at Moss Adams; Larry Lindenau, Dowling Aaron Inc. business department chair; Rod Webster, Wells Fargo wealth advisor; and Brad Triebsch managing partner for Central Valley Fund (CVF) Capital Partners.
The CEO Panel will consist of Bitwise Co-founder and CEO Jake Soberal; FocusVision CEO Jamin Brazil; Health Comp Administrators CEO Michael Bouskos; and Craig Fourchy, CEO of Ultra Gro.
They will discuss how they transitioned their businesses and/or successfully raised growth capital.
CVF Capital Partners has participated in similar events across California including Sacramento, La Jolla and Bakersfield. Triebsch reached out to Jacobsen in January to organize one for Fresno.
They then reached out to more advisers including Webster and Lindenau.
“We wanted to bring the full perspective, in terms of all the different advisors you could have during this type of transaction,” Jacobsen said. “I think it’s very timely. There’s a lot of private equity firms coming to the Central Valley and giving unsolicited offers to people for their businesses.”
Jacobsen said a lot of the business owners don’t know how to respond to the high dollar offers, and the “Breakfast with Experts” event is a chance for them to get more educated on such issues.
Because most owners are thinking of the day-to-day operations of the business, Jacobsen said it could be easy to forget long-term aspects such as succession, growth and exit strategies.
Lindenau said that the focus of his discussion will be on legal perspectives such as non-disclosure agreements, letters of intent, highlighting key items in a purchase agreement and the importance of advanced planning.
“I think it’s very important for local business owners to get together and share ideas and see the opportunities that are available,” Lindenau said.
The discussions will be followed by a Q&A session.
Seating for “Breakfast With Experts” is limited. Tickets are $35.
For more information and to purchase tickets, visit https://bit.ly/31DVawM