Modern Machine Shop and ProShop ERP Announce “Machine Shop Ownership Change Conference”

Modern Machine Shop has partnered with ProShop ERP to present the Machine Shop Ownership Change Conference, happening at 12:00 pm Eastern on Monday, September 27, 2021. The digital event is designed to provide shop owners information to improve their company value, make the process of business transition much less risky and increase their chance of success. The lineup features more than a dozen speakers pulled from shop owners who have been through this process themselves and industry experts with unique insights on company transitions. They will share their behind-the-scenes stories of business sales and transitions.

“As the current generation of machine shop owners ages into retirement, it’s highly likely that many shops will experience some kind of ownership change within the next 10-15 years,” noted Paul Van Metre, with ProShop ERP. “Given the fact that many shop owners have the majority of their net worth tied up in their businesses, the outcome can be disappointing. The good news is that with forethought and planning, it's realistic to more than double the value of most shops in 2-3 years’ time, and dramatically increase the chance for a successful business transition.“

The Agenda Includes:

• What Machine Shop Sellers Need to Know
• How to Buy a Machine Shop
• Planning for the Next Generation
• Determining Shop Value
• Tax and Legal Concerns
• The Private Equity Perspective
• Maximizing Shop Value

Full agenda details and registration are available here.

Attendees will be provided with recordings of all sessions, access to a directory of machine shop buyers and the opportunity to connect with those companies for future conversations.

About Modern Machine Shop: Modern Machine Shop is the leading media brand in North America devoted to CNC machining. To report on the ways CNC machining technology is advancing and succeeding, our staff writers travel the world exploring the ways job shops, contract shops and captive operations use machining equipment, processes and strategies to become more effective and efficient. MMS combines unprecedented editorial access to manufacturing facilities with decades of experience to provide content that is both insightful and impactful.

About ProShop: ProShop cloud ERP is ITAR and CMMC compliant revolutionary and completely unique approach to machine shop management software. Built in an AS9100 job shop, it’s way more than ERP software. It combines ERP with MES & QMS as well as other functions to provide a turnkey machine shop operating system called a Digital Manufacturing Ecosystem that is process based, highly scalable and auditable. They typically replace 3-5 other software systems with ProShop. But it’s not just about their features! Their usability, paperless operation and modern web-based navigation is taking the machine shop ERP world by storm! What is unique is how ProShop works. It links every corner of your company to all the others in a powerful but simple way so you can make the best decisions about how to run your business.