Corporate & M&A · 2023
A family business, handed to the next generation
Gallery Holdings
$180M
Enterprise value
2
Generations bridged
In place
Governance
Overview
A second-generation owner wanted to transfer a $180M family enterprise to three children with very different roles in the business.
The matter
The owner wanted to pass Gallery Holdings to three children — one running the company, two passive — without triggering a family rupture or a tax bill that would force a sale of the business.
Our strategy
We designed a governance and ownership structure that separated control from economics, documented a buy-sell mechanism for future exits, and coordinated with tax counsel to move value efficiently.
The result
Ownership transferred to the next generation with clear governance, a funded buy-sell agreement, and a tax outcome that kept the business intact and the family aligned.
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