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Transition & Succession Solutions

Every business owner eventually starts to contemplate the future and what is to become of their hard work.

  • I want my business to outlive me.
  • I want to leave my employees and customers in good hands.
  • I wish I could create a sustainable legacy for future generations.
  • I just want to transition into the next phase of my life with a sense of peace.
  • I want to maintain family harmony and resilience that benefits the business.
  • I want to make sense of the complex and competing priorities and find a clear path forward.

Now, these outcomes may seem hard to reach, but they are the natural result of a well-planned transition process. At North Group, we develop leaders and organizations towards their highest potential. One way we do that is through a principles-based approach to helping our clients transition to the next generation of leadership and ownership of their business. Often, families are an integral part of these transitions.

We Quarterback the Planning Process on Your Behalf

The planning process requires the coordination of many details, conversations, and priorities, and it involves various stakeholders and professional advisors. We orchestrate the entire process to maximize efficiency—keeping all parties informed and working together.

We Simplify the Complex

We thrive in complex client situations that require intricate and diligent coordination, such as:

  • Significant enterprise value or family wealth
  • Multiple entities under common control
  • Both family and non-family shareholders
  • More than one class of stock
  • Multiple locations and/or multi-state issues
  • Significant philanthropic intent
  • Multiple family lines in the business
  • Having more than two generations active in the business

The North Group Approach

In recognition that each business, leadership team, and family are unique, we avoid formulas and are in favor of a principles-based framework that provides the basis for a durable and adaptable plan.

Assessment
We start with an assessment that provides a snapshot of your organization's health, history, and family.
Collaboration with Other Advisors
As early in the process as possible, we begin communicating with your existing professional advisors. Our services are complementary to those provided by your attorney, accountant, financial planner, and other advisors.
Sudden Event Preparedness
We ensure that a contingency plan is in place to cover unexpected tragedies. The likelihood of this occurrence is very low but the implications can be disastrous so it’s prudent to be prepared.
Stakeholder Alignment
A significant amount of effort is dedicated to the facilitation of meetings with the goal of building clarity and alignment around key objectives and timelines. This often includes meetings of the board, leadership team, owners, next generation, family, and advisors. The scope is fully dependent on the complexity of your unique situation.
Implementation and Monitoring
The process culminates in a formally documented plan that guides the transition and provides clarity and consistency for all stakeholders. Certain aspects may occur immediately and others may occur over time or at some point in the future.
Brian Black
Want to Learn More About North Group’s Transition & Succession Solutions?
Contact Brian Black
(717) 299-9800
bblack@northgroupconsultants.com
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