There are pros, and cons, to selling what many consider to be their family legacy, but there are some key questions to consider that could make the decision to sell a family business easier.
When a business owner starts a conversation with a professional buyer, it’s important to note they will always be at a disadvantage. That’s why it’s important to have a professional in their corner, too.
Cory Anderson took the presidency of M&A Supply in the spring of 2020, an especially challenging time. He reflected on that, and on the state of the HVACR industry, during a recent conversation.
Brittany Galgon, executive assistant for Galgon HVAC in Atlanta, discusses being a young woman in the industry, lessons she’s learned, and what it’s like to work with family.
Petri Plumbing & Heating has been around since 1906. To secure that longevity, the company’s had to change with the times, sought out “young blood,” gone above and beyond in their service, and kept business-operations professional yet personal.
While a business owner may have things set up businesswise for when their time comes, preparing a “playbook” with relevant paperwork will help take care of the surviving spouse or family.
Doug Young credits a strong foundation, solid company values, and a great team for the success of Behler-Young Co., an HVACR distributor based in Grand Rapids, Michigan.