Reply To: After integrating a family business, should the former owner remain or not?

#86502

Christoffer Balieu
Participant

As already mentioned, this certainly depends on the situation. However, given that there is good chemistry between the seller and buyer, I believe it is wise to keep the original owner in the management team for at least a while. This is because nobody will know the business better than he does, and he can, therefore, help the buyer integrate a new management team, that over time will be able to completely replace the previous owner of the company. Nonetheless, it would never be wise to lose the previous owner’s know-how of how to successfully run the family business by instantly replacing him; this, of course, given that there are no other complications present that would require his immediate exit.

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