Owner to Owner summer issue 2026

June 23, 2026

Capital Partners

In this issue of Owner to Owner, we address what’s front of mind as tariff refunds get underway. We also celebrate the power of private businesses throughout 250 years of U.S. history, explain why EBITDA can sometimes be a misleading metric, and discuss how to prepare the next generation to successfully steward wealth.

IEEPA tariff refunds: Five key questions answered

The largest tariff refund in U.S. history is underway. Corporate Advisory & Banking Analysts Alexa Arana, Sally Anne Houck, and Alex Konovalov explain who qualifies, how refunds work, and what’s at stake.

The power of U.S. private businesses: Pivotal moments over 250 years

Private businesses have been a cornerstone of the U.S. across its 250-year history. Here, we take a closer look at private businesses’ and their owners’ significant contributions to the U.S. economy, historical milestones, and heritage.

Rethinking EBITDA: What business owners should consider – and question

EBITDA is a central part of the language of finance, but it doesn’t always tell the full story. Head of Corporate Advisory John Secor and Managing Director Alex Rohr explain why cash conversion is what ultimately drives value.

Raising stewards, not just heirs: Preparing the next generation for wealth

Preparing the next generation to successfully steward wealth goes beyond having your estate planning documents in order. Ben Persofsky, the head of the BBH Center for Family Business, discusses why teaching your children how to handle wealth starts with talking about it.

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IEEPA tariff refunds: Five key questions answered

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