WORKING WITH ESTATE
I am in the early stages of looking at a deal where the owner of the company passed away recently. The family does not want to run the company and is selling. There was not a good succession plan in place. One long time employee is running the company, but I think a transaction needs to happen soon. There is an outside consultant helping with the process, but not a real banker. Has anyone closed a deal under similar circumstances? Just curious of any pitfalls to avoid.