Exit Planning Institute Releases True North - State of Owner Readiness Report

Exit Planning Institute Releases True North-Sponsored 2023 State of Owner Readiness Report

Minneapolis, MN – November 7, 2023 – True North Mergers and Acquisitions is thrilled to announce its sponsorship of the 2023 State of Owner Readiness Report by the Exit Planning Institute (EPI), available now. In a business landscape where only 20-30% of transitions are successful, this report is a timely and invaluable resource, not only tracking significant changes but also providing essential action items for business owners to achieve a smooth exit.

Based on a comprehensive dataset compiled from over 300 responses and 56 thoughtfully chosen questions, the survey provides an in-depth look into the challenges and opportunities business owners face as they prepare to exit their businesses.

The report offers insight into various aspects of exit planning, including demographic information, current transition plans, and the readiness of owners, shareholders, families, and companies for the transition.

We'd like to thank True North Senior M&A Advisor Brent Engelbrekt, along with our co-sponsors, Sunbelt Business Advisors, Olsen Theilen and Company CPAs, and Dayta Marketing, for helping make this report possible. We firmly believe that it is an essential tool for business owners navigating the path to a successful exit.

The Exit Planning Institute® was founded in 2005, and its Certified Exit Planning Advisor® (CEPA) credentialing program was launched in 2007. The CEPA® credential relates to the technical skills of advisors who work with business owners. EPI is committed to providing the best exit planning content in the industry, ongoing practice support for advisors, and connectivity to business owners. CEPA is the fastest-growing and most widely accepted exit planning credential in the world.

ABOUT TRUE NORTH MERGERS & ACQUISITIONS

True North Mergers & Acquisitions, formerly the lower middle market M&A practice within Sunbelt Business Advisors, is a practice focused on providing mergers and acquisitions advisory services for companies with annual revenues ranging from $10 million to $150 million-plus. True North Mergers & Acquisitions was formed to capitalize on the M&A expertise that Sunbelt Business Advisors has developed and on the success the company has had in middle-market transactions. More information is available at www.tnma.com.