Latest / The Turn: Blue Collar to Billions
They Grew to $40M and Destroyed the Family Doing It
Seth Zeller's dad and uncle started an electrical contracting company in the early eighties on a handshake and a work ethic. No succession plan. No operating agreement. Just family, and the assumption that family would figure it out. When five second-generation Zellers entered the business, that assumption got tested. Hard. Seth pushed the envelope — bought out the first gen, took the reins, grew the business from $7 million to $40 million. But the conflict never went away. It just got worse.
The fractures inside the business followed them everywhere — to the kitchen table, to Christmas…
The skinny
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