WSJ – “Who Will Inherit the Family Business? Often It’s Private Equity”

WSJ

 

 

“Neal Rosenthal found a different kind of heir when he set out to craft a succession plan for his wine-importing business a few years ago…Mr. Rosenthal sold a stake in the business to a buyout firm and stayed on as CEO….The industry that made its name taking private big corporations has shifted its focus to smaller targets, snapping up car washes, pet-food makers and specialized manufacturers, some of which have been family-owned for several generations….Many are finding that their own children aren’t interested in taking over.  Those whose children want to remain involved recognize that their offspring will need additional technological and financial know-how”

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