It’s always a challenge, deciding when to tell your employees the business is being sold. Some sellers share their plans right away while others wait until the deal is signed and complete.
We believe the best solution is usually somewhere in the middle. We’ve had good success when sellers involve a few key managers early in the sale process.
The benefits? Better access to information and increased buyer confidence in your leadership team.
Every situation is unique. Consult with your advisor for tips on stay bonuses and other tools to ensure key employees stick around before and after a sale.