The Looming Succession Wave About to Crest: Why the Silver Tsunami is the ESOP Market Opportunity of the Decade
America is on the brink of one of the largest shifts in business ownership in modern history. The Baby Boomer generation— those born between 1946 and 1964—controls millions of privately held companies across the United States. And those businesses represent trillions of dollars in enterprise value and employ tens of millions of people. To be specific, over the next decade, it’s estimated that $6.5 trillion in privately held business wealth is projected to change hands as Boomers retire. THAT is the magnitude of the businesses coming to market – and it creates a massive opportunity. The so-called “silver tsunami” is far from a hyperbole. Its impact is staggering.