Hiring Around Critical Certifications – Dealbreaker or Solvable Risk?
Curious if anyone here has experience acquiring businesses that require a specific certification to continue operations. For example, a Professional Engineer (PE) license or similar credential that is currently held by the owner or another key individual.
Even if you can hire someone with the right credentials post-close, how do you feel about the materiality of the key person risk? Is this a dealbreaker? Or, is this a solvable issue with the right employment agreements and succession planning?
