company for sale
company for sale
(OP)
Hi,
I recently figured out that the civil engineering company where I am working, is on the market for sale. What can I expect in the future? If there are some threats I should to be afraid of? Please let me know if someone has to be in the same situation. Thank you.
I recently figured out that the civil engineering company where I am working, is on the market for sale. What can I expect in the future? If there are some threats I should to be afraid of? Please let me know if someone has to be in the same situation. Thank you.





RE: company for sale
RE: company for sale
RE: company for sale
If the new owner decides to cut everyone's pay by 20%, then you need to do something. That could happen with the existing owners too.
It really comes down to the situation you are in.
I eventually left the company about 6 months later, but it really didn't have anything to do with the new owners. I had a better offer elsewhere.
One of the reason a new owner would buy your current company is that he/she believes in it, that it will be profitable. He/she has strong reasons to keep things the way it is (keep the people because people are the true assets of an engineering company).
RE: company for sale
RE: company for sale
In regards to engineering capability, I understand that the great wall of China and the pyramids were built without a word of english being spoken by people who were not even aware of english grammer or punctuation.
respectfully
RE: company for sale
Zlotnik, just do your work. When it's time to worry, your boss will tell you.
Mike Halloran
Pembroke Pines, FL, USA
RE: company for sale
Btw English was not an obstacle for to get an PE license within one year being in US.
RE: company for sale
Mind you, that requires a level of ability to play office politics that is not a prime engineering skill.
Hg
Eng-Tips policies: FAQ731-376
RE: company for sale
RE: company for sale
In general, there are lots of different potential outcomes, none of which are under your control and might have occurred regardless of a takeover:
> No changes whatsoever, business remains on its previous course, upward or downward. (been there, done that)
> New owners don't know squat about the business and run it into the ground. (been there, done that)
> New owners decide to move the company to improve synergy, etc. (been there, done that)
> New owners are actually competent and actually grow the business. (been there, done that)
You simply need to pay attention to what's going on and make decisions that are most appropriate for you. In some cases, there are nice retention bonuses that are worth waiting for.
TTFN
RE: company for sale
You neglected to mention the scenario of new owners pillaging the company, driving the stock price down to next to nothing, then selling the remains. Been there...
RE: company for sale
If changes are made, it will be at the top.
Charlie
www.facsco.com
RE: company for sale
TTFN
RE: company for sale
Ashereng (Petroleum)
"One of the reason a new owner would buy your current company is that he/she believes in it, that it will be profitable."
FACS (Mechanical)
"Most people/firms that buy a business do so because it is already successful. Most of the time you have nothing to worry about."
Another reason is that they DON'T believe it is viable in its niche, but want to get the client list before someone else does. This happens often. If this is the case, the plan is to probably phase out your existing operations, and morph their client-base into the other company. If this is the case, all employees and material holdings not carrying their share will be released. But worthwhile employees and materials will be retained. And stellar employees will probably be offered better positions.
SomptingGuy (Automotive)
"...I've lost count of the number of owners of that business - at least 4 or 5...But it's the same people sitting in the same offices doing the same work for the same clients."
The same case applies to my former employer, USFilter. While I worked there it was sold twice (in other words, I worked for three "different" bosses. Nothing changed, except some minor procedural stuff. Since I've left, it has had at least two new owners that I'm aware of. I'd bet, again, that nothing's changed, except some minor procedural stuff.
Remember, amateurs built the ark...professionals built the Titanic. -Steve
RE: company for sale
TTFN