Trades and construction services are among the most pursued businesses in search, and a meaningful share are union. Any target that is signatory to a labor agreement carries a contingent multiemployer pension withdrawal liability that doesn't show up on the balance sheet. Join Dr. Phillip Hearn, founder of Triumph Advisors and sitting CEO of a Midwest electrical contracting and construction services platform, for a live Five Experts AMA on how to find, price and negotiate this risk before you sign an LOI. We'll cover: - What withdrawal liability is, and why most buyers never screen for it - When the construction-industry exemption protects you, and how deal structure can break it - Why an asset purchase no longer reliably leaves the liability behind - What to ask the broker before the LOI - How to turn an unpriced risk into a price concession Phillip's own platform is union signatory, and he underwrites this exposure on every deal he looks at. Format: 45 minutes, a brief framing from Phillip, then open questions. Hosted by Five Experts. General education only, not legal or financial advice. We look forward to seeing you there!