Page 34 - October 2025 FINAL

34 October 2025 NHTownCrier.com

Strategic buyer Dan Berggren to Perform Live
A strategic buyer is usually a company in the same or in Utica
related industry that has some overlap or synergy that
would result in incremental savings or revenue if it Beloved Adirondack folk singer Dan Berggren will
bought your company. perform live at The Unitarian Universalist Church
Key considerations: Your company may be absorbed, of Utica (UU Utica) on Saturday, October 25, 2025,
which is important to consider if you value legacy. There at 7:00 PM. Known for his heartfelt songs rooted in
may be a heightened risk for job loss, especially among community, environmental stewardship, and social
senior leaders, as your team may overlap with that of justice, Berggren invites audiences to an evening of
the buyer. Each strategic buyer is unique as will be their music that uplifts, inspires, and connects.
transition of your company. The flip side is you may find "There is just something about Dan that creates that
it easier to walk from a strategic sale. space we want to be in — where the air and water are
What happens: Unlike a PEG, you will usually not be clean and fresh, neighbors know each other, people are
Christopher J. Carbone asked to reinvest in the company, and depending on kind, and the ancestors are honored," says Sarah Craig,
Selling your Business to a your current role, you may be involved in a transition Executive Director of Caffè Lena. A 2025 inductee into
Private Equity Group period of only a few months. What happens to your the Capital Region Thomas Edison Music Awards Hall
vs. a Strategic Buyer management team and the rest of your workforce of Fame, Berggren draws from deep Adirondack roots
depends on the overlap with the buyer and its strategic and decades of storytelling. His music — featured on
If you own a business, it can be overwhelming to think direction. PBS, NPR, and stages nationwide — blends tradition
about selling it. One way to gain some control is to learn Risks: If you are paid in the acquiring company’s stock, and lived experience into performances that resonate
about your alternatives to help you better understand you need to consider the risk of owning that much of deeply with audiences of all ages.
what is best for you, your family, and your company. one security. If the buyer is a public company, you may This special concert is the second event in the three
While buyers come in all shapes and sizes, two of the be able to sell that stock and diversify over time, but
most common are private equity groups (PEGs) and that can be delayed if the stock is restricted. In that case, month commemoration of The Unitarian Universalist
strategic buyers. you can be prohibited from selling until after a vesting Church of Utica’s Bicentennial. UU Utica is an historic
congregation founded on November 21, 1825 during
Private equity group period or certain conditions are met. the early days of the Erie Canal.
A PEG is made up of financial professionals who have If the buyer pays with private company stock, you
The event is open to all and welcomes everyone,
raised money to buy — and eventually sell — companies. need to know your path to liquidity. Until you do so, whether you’re a long-time fan, new to Berggren’s
Key considerations: It is important to consider your you will own shares in a larger company you no longer music, or simply looking for an evening of meaning
financial and timing goals to determine if a PEG sale control, and it likely will represent a large percentage of and connection. Dan will also return the following
is a fit. Your continued involvement will be based on your personal assets so you need to understand your morning to participate in UU Utica's worship service
your current role in the company. Are you comfortable ownership rights and remedies.
running the company with another majority owner? Transitioning your ownership of a company is more at 10:30 AM.
Traditionally, PEGs target a three-to-five year holding complex than a typical retirement, but it can be less Event Details:
period, after which they attempt a second sale of the daunting if you understand your options. Who: Dan Berggren – www.berggrenfolk.com
company. This article was written by/for Wells Fargo Advisors What: An evening of songs about community,
What happens: As a simple example, assume you sell and provided courtesy of Christopher J. Carbone, CFP®, environmental stewardship, and social justice
your company for $1,000. Assume also that the PEG AWMA®, LUTCF® First Vice President - Investment When: Saturday, October 25, 2025, at 7:00 PM
funds the transaction with $500 debt and $500 equity Officer - Financial Advisor in New Hartford, NY at Where: UU Utica – 10 Higby Road, Utica, NY
and asks you to roll over (or re-invest) $100 so that you (315) 723-7386 Tickets: $15 – Available at the door and online at:
own a 20% equity interest. Your existing management Investment and Insurance Products are: • Not Insured
— and perhaps you — will be tasked with growing the by the FDIC or Any Federal Government Agency • Not https://www.zeffy.com/ticketing/dan-berggren-utica
business while paying down the debt. a Deposit or Other Obligation of, or Guaranteed by, or [http:tinyurl.com/danberggren]http:tinyurl.com/
Now, let’s say you double the profits while completely the Bank or Any Bank Affiliate • Subject to Investment danberggren
paying off the debt during the PEG hold period. Risks, Including Possible Loss of the Principal Amount
Assuming the same valuation multiple of profit/cash Invested
flow, the business would be valued at $2,000 and you Wells Fargo Advisors is a trade name used by Wells
would get 20%, or $400, for your $100 investment Fargo Clearing Services, LLC, Member SIPC, a registered
assuming all debt was paid off. broker-dealer and non-bank affiliate of Wells Fargo &
Risks: Of course, there’s no guarantee the business Company.
will grow while paying down the debt or that it will sell NMLSR ID 399801
on favorable terms. In the meantime, you will have a ©2021 – 2024 Wells Fargo Clearing
majority owner that is looking to exit in a few years, so Services, LLC. All rights reserved.
its goals and culture may not align with yours. When PM-05012026-7255974.1.1
considering a PEG, you want to be comfortable with
them and their level of involvement in the running of
the company and understand how decisions will be
made.

UARDA TEMPLE NO. 24
DAUGHTERS OF THE NILE
ANNUAL Roast Pork Dinner
DAUGHTERS OF THE NILE
ANNUAL Roast Pork Dinner
UARDA TEMPLE NO. 24
AND HARVEST BAZAAR
12 OCTOBER 2025 PLATED ROAST PORK DINNER WITH ALL THE FIXINS. HOMEMADE PIE SERVING NOON UNTIL 2:00 P.M COST: ADULTS $15.00 CHILDREN 5-12 YRS. $10.00 CHILDREN UNDER 5 FREE. BASKET RAFFLE BAKE SALE TAKE OUTS AVAILABLE Utica Masonic Hall, 251 Genesee Street, Utica PROCEEDS TO BENEFIT UARDA TEMPLE NO. 24 DAUGHTERS OF THE NILE GENERAL FUND PLATED ROAST PORK DINNER WITH ALL UARDA TEMPLE NO. 24 DAUGHTERS OF THE NILE ANNUAL Roast Pork Dinner AND HARVEST BAZAAR 12 OCTOBER 2025 PLATED ROAST PORK DINNER WITH ALL THE FIXINS. HOMEMADE PIE SERVING NOON UNTIL 2:00 P.M COST: ADULTS $15.00 CHILDREN 5-12 YR
AND HARVEST BAZAAR
12 OCTOBER 2025

THE FIXINS. HOMEMADE PIE
SERVING NOON UNTIL 2:00 P.M

COST: ADULTS $15.00
CHILDREN 5-12 YRS. $10.00
CHILDREN UNDER 5 FREE.

BASKET RAFFLE
BAKE SALE

TAKE OUTS AVAILABLE
Utica Masonic Hall, 251 Genesee Street, Utica
PROCEEDS TO BENEFIT UARDA TEMPLE NO. 24
DAUGHTERS OF THE NILE GENERAL FUND