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Reasons Owners of Sold Businesses in 2020 Decided to Sell their Business in 2020

According to the Market Pulse Q1-4 surveys, almost half of Business owners who sold their business in 2020 cited retirement as the main reason for selling with 16%.  However, this varied greatly across the sectors (check out next week’s Acumen as actual reasons vary for business owners who sold for <$500k, $500k-$1MM, $1MM-$2MM, $2-$5MM and $5MM-$50MM).

Source: IBBA & M&A Source Market Pulse 2020 Q4 (published 2/9/2021)

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