Fourth-generation family members, Dominic, John and Mike Grote have acquired 100% control of Grote Industries.
Our conversation with the next generation of aftermarket distribution leaders.
The automotive aftermarket is filled with great people. In fact, many say it’s our strong suit.
A recent study noted that about 60 percent of family wealth disappears because of a lack of communication and trust among family members, and this can be especially true when the person who built a thriving family business retires or passes away.
Family firms comprise more than half of all U.S. companies and generate at least 50 percent of the nation’s gross domestic product, according to the Harvard Business School.