There is a big swing in prices for HVAC firms—from under 10% of revenue to over 100% of revenue—depending on the mix of business. Read more >>

The bonding process is very important for electrical contractors, especially in large metropolitan areas where they can’t work on certain jobs without being bonded. Read more >>

Inadequate trustee performance was at the center of a recent case, featuring a nontraditional ESOP structure. The court found that, if the trustee had engaged with the underlying valuation, it would have discovered numerous weaknesses and prevented the ESOP from overpaying for the company stock. Read more >>

A recent ESOP decision involving allegations of breach of fiduciary duty and engaging in a prohibited transaction turned on whether the ESOP trustee’s financial advisor had performed proper due diligence and issued defensible fairness and valuation analyses. Read more >>