SunTrust: One in Three Boomer-Owned Businesses Expect to Transition Ownership in Next Five Years
Solidion Technology, Inc. (STI)
Last solidion technology, inc. earnings: 10/17 06:00 am
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US:NYSE Investor Relations:
investors.suntrust.com/overview/default.aspx
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Source: PR Newswire
ATLANTA, Nov. 8, 2018 /PRNewswire/ -- As Baby Boomers increasingly reach retirement age, a third expect to transition the ownership of their business in the next five years, according to a SunTrust survey. More than a third (36 percent) do not have a specific plan for how to transition their business, and 21 percent admit that they are not financially prepared for retirement. "Baby Boomer business owners are approaching retirement at a moment when the economy is growing and a high number of private equity firms are seeking investments," said Jason Cagle, head of Commercial Banking for SunTrust. "This makes it a very attractive time for them to explore a sale of their business. No matter what, 100 percent of privately held businesses will face a transition at some point. Three key elements to achieving financial confidence through a successful transition are: a comprehensive plan for transition, smooth execution of the transition, and proactive management of life after the transition."
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STI
Sec Filings
- 4/19/24 - Form 8-K
- 4/15/24 - Form S-1
- 4/12/24 - Form 10-K
- STI's page on the SEC website