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How a Garage Builder Went 100% Employee-Owned in Two Steps: Rick Otto of Coach House Garages
Jim Yoder could have easily sold Coach House Garages to private equity. He sold it to his employees instead, in two steps.
Rick Otto, President of Coach House Garages in Arthur, Illinois, joins Chuck Mazzanti to tell the story of how a garage builder in its 53rd year became 100% employee-owned. Coach House has built more than 27,000 garages across Illinois, Iowa, Missouri, and Indiana.
Rick was born and raised Amish in Arthur, went to work in a truss plant at 17, and joined Coach House on the building crew, starting on the roof. He moved into sales, ran the sales team for 15 years, and became…
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