John Wilson buys out parents to take majority ownership of Wilson Plumbing and Heating

John Wilson purchased majority shares of his family business, Wilson Plumbing and Heating in Akron, Ohio, via a seller note to his parents: an initial 49% buy of his mother's stake, then another 49% in 2019, leaving his father a residual 2% stake.

“Yeah, so I bought 50 % of the company And it was a seller note to my parents, to my mom, I bought my mom up. So I bought 49 % and then my father retained 51%. And then in 2019, I bought another 49%.”

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