In mid-2020, CFMA partnered with FMI to survey construction executives on their ownership transfer and management succession (OTMS) plans. This information has been analyzed and compiled into the 2021 FMI & CFMA Ownership Transfer & Management Succession Industry Survey report. Some findings of note include:
- 30% said economic slowdown would affect their ownership transfer plans
- 50% reported they do not have an ownership transfer plan
- 66% identified successors won’t be ready for another three to five years
- 27% are uncertain to whom they will sell
Learn what others are planning for the future and see if your company is on track with its plan.
Click here to download the full report.