Successful Exit Planning: An Overview for Surety Professionals and their Contractor Clients

Amid what has been called the “Great Retirement”, many construction company owners may find themselves asking, “what happens when I want to retire;” and if that is not something that they have considered yet, it’s something that they should definitely consider now.

During this NASBP Virtual Seminar, we will be joined by three experienced construction CPA’s who are participants on the NASBP CPA Advisory Council: David Jean of Albin, Randall & Bennett; Marty McCarthy of Marcum; and Julian Xavier of CliftonLarsonAllen LLP, who will share an overview of the exit planning process as well as the internal and external exit planning options that they see in the construction space. They will discuss and share stories from the field and examine what various exit plans can look like on a contractor’s balance sheet. You won’t want to miss this insightful overview of exit planning.

David Jean

Principal

Albin, Randall & Bennett

David Jean is a principal at Albin, Randall & Bennett specializing primarily in financial accounting and consulting for construction, manufacturing and real estate development companies. He provides tax, accounting and management advisory services to contractors, manufacturers and developers throughout New England. David also serves as the Managing Partner of New England Funds Control, LLC (NEFC), a wholly-owned subsidiary of ARB. NEFC specializes in providing funds control services for sureties, contractors and banks.

Martin C. McCarthy, CPA, CCIFP

Office Managing Partner

Marcum

Marty McCarthy is the office managing partner of Marcum’s Blue Bell, PA, and Tinton Falls, NJ offices and serves as the Firm’s Mid-Atlantic Construction practice leader. With more than three decades of experience working with construction companies, his collaborative and solution-focused approach, technical proficiency, and deep industry knowledge have made him a trusted advisor to contractors looking to operate more efficiently and optimize growth.

Before merging his practice into Marcum in 2023, Mr. McCarthy was the managing partner of McCarthy & Company, PC. Under his leadership, McCarthy & Company was named one of The Top 50 Construction Accounting Firms™ by Construction Executive for four consecutive years (2019-2022) and recognized by Accounting Today as a 2023 Mid-Atlantic Regional Leader and one of the “Best Accounting Firms to Work For” (2019-2022). City & State Pennsylvania named Mr. McCarthy to its 2023 Construction Power 100 List. He was the only accountant to earn the distinction.

Julian Xavier

Principal In Charge

CliftonLarsonAllen LLP

Julian is the Principal-In-Charge of CliftonLarsonAllen LLP's Walnut Creek office. He is a member of the firm's Executive Leadership Team for the Construction Industry group and has nearly three decades of experience in accounting in the construction industry. Before joining CliftonLarsonAllen, Julian spent time as a controller with a large general contractor based out of Northern California.

Julian is a member of the AICPA, California Society of Certified Public Accountants, Construction Financial Management Association and a member of the CPA Advisory Council to the National Association of Surety Bond Producers. Julian is also the Chairman of the AICPA's National Construction Industry Program Conference Planning Committee for the 2017 Conference.

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