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In an article published by Builder on March 14, 2016, Ben English discusses succession and exit planning for home builders as the residential building market recovers. English states, “Earnings are up, [and] that’s good, because most businesses are priced on a multiple of earnings, and the current robust market cycle has increased valuations. All those factors become less favorable as the cycle matures. The current financing environment is favorable, [and] we are seeing leveraged recapitalizations used to generate liquidity for the selling partner.” For the full article, you may click here.

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