Poised for Exit

How Buyers Value Businesses in 2026 and Why Preparation Matters More Than Timing

Julie Keyes Season 1 Episode 280

In this episode of Poised for Exit, we speak with Andy Kocemba, President and CEO of Calhoun Companies, about how buyers are evaluating businesses as we head into 2026. Andy shares his perspective from decades of working with buyers and sellers, and explains why preparation consistently matters more than trying to time the market when it comes to achieving a strong outcome.

Andy walks through the key drivers of valuation, including the outsized role of cash flow, business performance, and risk. He discusses common red flags buyers notice quickly, such as customer or salesperson concentration, and explains how deal structure often reflects the level of trust a buyer has in the business. Throughout the conversation, he emphasizes that simpler deal structures and stronger cash at closing are often the result of thoughtful preparation well before going to market.

Throughout the episode, Andy discusses broader market trends, including which industries are seeing the strongest demand and how acquisition strategies may shift in the coming year. Andy also shares how Calhoun Companies works with sellers, the importance of engaging advisors early, and why many business owners wait too long to start planning. The conversation offers practical insight for owners and advisors looking to better understand buyer expectations and valuation drivers.

Connect with Andy Kocemba here
Learn more about Calhoun Companies here

Connect with Julie Keyes, Keyestrategies LLC
Founder, Consultant, Author, Pod-caster and Instructor