Most business owners lack an exit plan

MIDDLE MARKET: A forum at Wannamoisett Country Club discussed middle-market merger and acquisition activity. Seen from left are moderator Lisa Carnoy, Northeast division executive, U.S. Trust; William F. Hatfield, market executive, U.S. Trust, and Rhode Island market executive, Bank of America; Michael Sweeney, senior managing partner, Duffy & Sweeney; and Bill Peluchiwski, senior managing director, Houlihan Lokey. / PBN PHOTO/MICHAEL SALERNO
MIDDLE MARKET: A forum at Wannamoisett Country Club discussed middle-market merger and acquisition activity. Seen from left are moderator Lisa Carnoy, Northeast division executive, U.S. Trust; William F. Hatfield, market executive, U.S. Trust, and Rhode Island market executive, Bank of America; Michael Sweeney, senior managing partner, Duffy & Sweeney; and Bill Peluchiwski, senior managing director, Houlihan Lokey. / PBN PHOTO/MICHAEL SALERNO
More than half of business owners expect to make a significant, "transformational" change for their companies in the next three years, and 63 percent are without an exit strategy. That's according to a new report done by U.S. Trust, Bank of America's private wealth-management division, which was the topic of discussion at a forum on…

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