Call it ambition or energy, or maybe a willingness to embrace change. Whatever the reason, family companies under the leadership of a second generation often experience expansion that outstrips the performance of the startup generation. It’s as if the first generation lays the foundation and the second builds on it.
“Our father didn’t ever want to grow the company,” says Chad Peterman, president and CEO of Peterman Brothers, an HVAC, plumbing, drain cleaning and electrical services company in Indianapolis, Indiana.Not so for Peterman and brother Tyler.“My brother and I had a vision for creating a large company,” he says. “We brought
