In the ACHR News, Capstone CEO and Founder David Braun offers up advice for owners in the HVAC industry interested in selling their businesses.
For decades, family-owned HVACR companies have had succession plans established by birthright. When the current leadership retired, the predestined next in line, whether one relative or a few, took up the mantle for a smooth transition. Much has changed. Many millennials and Gen Zers are not looking to become the heir apparent to the family business in an industry known for working long hours and outdoors, regardless of weather conditions, and the need to be on call for emergencies.