Many already are wealthy enough to retire at 50 years of age or younger after paying themselves and their relatives hundreds of thoUSAnds or even millions of dollars in a good year and using every business expense and tax deduction in sight. There hasn't been enough immediate financial gain in selling to make it worthwhile. In addition to selling for a multiple of earnings, contractors are learning a new language. A tuck-in is a smaller company acquired by a consolidator. A platform is a bigger one that swings a heavier bat during sale negotiations.
Buyers are willing to put that pay back into the sale price.
So are private-company perks like free lunches and cars. Munson passed up a chance to join a consolidator before its public offering by estimating that Trinity would be worth more to an already public company and because he wanted to avoid the risks of an initial public offering. Group Maintenance America Corp. Munson says he could have retired at 50 and is a good example of the mix of opportunity and obligation involved when a contractor considers selling. I'm excited, and I got some money off the table. Consolidation is a financial strategy that dates back to conglomerates formed in the post World War II period.