The second-generation family shareholders of a specialty recycling company sought a partner to acquire the business and promote the next generation to leadership roles while providing them with mentorship and the financial opportunity to benefit from the company’s growth
We acquired a majority interest and successfully transitioned the company to the third generation of family leadership
We promoted third generation members to CEO and COO roles
We created an innovative incentive plan to provide third generation family members with equity upside
We committed to support the third generation’s ambitious growth plans, including continuous reinvestment to expand the company’s service area
Does it always feel this natural?
Second generation family member after closing
Two generations of the family continue to remain involved and expansion initiatives are well underway