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How Legacy Utility Group Reached $84M and Chose Employee Ownership | David Jaeger
What happens when private equity comes calling, but selling the company could mean losing the team, culture, and control that built it?
David Jaeger, CEO of Legacy Utility Group and Nor-Cal Pipeline Services, joins Chuck Mazzanti to explain how the company grew from one truck and three employees to 225 employees and approximately $84 million in annual revenue.
When it was time to create liquidity for his father and plan the company’s future, David chose a 49% Employee Stock Ownership Plan instead of a private equity sale.
David takes listeners inside the ESOP transaction, including succession…
The skinny
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