Should I Notify My Surety Company If I Plan To Sell My Company?

Is it time for you to cash out of your business through an acquisition?

We’ve seen quite a few construction company acquisitions over the last several years, and we expect that trend to continue.  

If your contracting company is being acquired, you’ll have a lot of loose ends to tie up. And one of those is your surety bonding capacity and your ongoing relationship with your surety bonding company. 

It’s common for construction company owners to take a large, much-deserved, cash payout from their business as part of an acquisition. But that cash-out can potentially have a huge impact on your business’s financial statements and capacity to obtain surety bonding credit. 

So early communications and planning are critical. 

Are you currently going through a business acquisition or entertaining the possibility of accepting an offer? 

If so, congratulations on your success! We’re here to help you tie up any loose ends and answer any questions you might have related to surety bonding.

Learn more in this 2-minute video from Richard Anderson, Co-Founder at Anderson & Catania Surety Services, LLC.