Boomer Wealth Transfer: Opportunities in Buyout Market
Hartford News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Boomer Bounty: The Massive Wealth Transfer Reshaping Family Dynamics and Buyout Market - The United States is witnessing a significant generational wealth transfer, with baby boomers set to pass down between $84 trillion and $124 trillion in assets over the next two decades. A substantial portion of this comes from family-owned businesses, with over 12 million privately held small businesses owned by boomers. However, only a third of these businesses have a formal plan for succession. This wealth transfer is creating opportunities in the buyout market, with private equity firms targeting growth plays in sectors like healthcare and manufacturing. Young entrepreneurs are also seizing the opportunity using search funds or small business loans. Well-run companies in hot sectors command top prices, but many need tech updates that buyers address with tools like artificial intelligence. Rushed sales due to health issues can lead to bargains, making it crucial for owners to plan ahead.
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