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.
JCI has hired an executive search firm to help evaluate both internal and external candidates in an effort to find a replacement for its current CEO, who has announced his plans to retire from that position.
Steve O’Brien, senior vice president, president, and general manager of A.O. Smith's Lochinvar brand, will succeed Dave Warren, senior vice president, president, and general manager of the North America water heating division, when Warren retires April 1.
To help address the importance of succession and ensure a successful transition of ownership in the future, The Unified Group hosted its first Succession Planning Forum in late March.
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.
As the owner of an HVAC company, right now anything other than meeting customer demand might fall to the bottom of your list. But now is a great time to think about an option you might not have considered: success through an M&A.