Episode 14: A Second Chance at Success | Preparing to Sell Your Family Business | The Importance of Staying Nimble

In this episode, we sit down with David Savir, co-founder and chief executive officer of Element Pointe Family Office, to discuss key considerations in preparing for a family business sale. David also discusses how families can remain engaged in legacy building after a liquidity event.

We also chat with Ron Attman, CEO of Maryland-based Acme Paper & Supply Company, which celebrates its 80th anniversary next year. He discusses the importance of staying nimble in the face of challenging market conditions, and why successful family businesses need to be about more than just the family owners.

And finally, we feature Part 2 of our conversation with Peter Blommer, former chairman & CEO of the Blommer Chocolate Company. In the last episode, Peter talks about how the family narrowly escaped a sale to massive multinational food corporation Cargill by making an appeal from one family-owned enterprise to another. In this episode, he explains how that experience spurred Blommer Chocolates and the Blommer family to shore up their governance and improve their communication with each other. He also talks about how the family ultimately came to the difficult but necessary decision to sell the business to Fuji Oil Holdings in 2018.

If you haven’t listened to Part 1 yet, you can find it, along with every other episode we’ve released, right here or wherever you get your podcasts.

This episode is brought to you by Element Pointe, an independent multi-family office and wealth management firm dedicated to guiding individuals and their families through important financial, investment, lifestyle and interpersonal matters — in turn, helping clients build a secure future and enduring legacy.

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