As a retirement plan, an ESOP won’t maximize the sale price of an HVAC company. But for owners looking to carry on their legacy, it will keep the company intact and reward loyal employees who helped them build it.
While retiring Service Nation president Matt Michel is being named an ACHR NEWSmaker for 2022, the truth is Michel has been making news in the HVAC industry for years.
U.S. employers’ most common complaint across almost all business sectors is an inability to find workers. The lack of workers presents a problem to more than just employers.
Ice Air LLC announced that Mo Siegel, president and co-CEO, is retiring after a 50-year tenure at the company. Ric Nadel will be Ice Air’s new president and CEO.
For many HVAC owners, it’s never too late to sell a business. But selling a business is a process. The sale can wrap up quickly or require the original owner to work for the new owners for an extended period.