PE firm approached owners of Jacob and Rhodes; owners chose local sale instead

The previous owners of HVAC company Jacob and Rhodes were approached by a private equity firm offering to buy the business, but opted to keep it locally owned, selling instead to Lysher and his father.

“Last year, the previous owners were approached by a private equity firm with the option to sell. Thankfully, they wanted to keep the business locally owned, and my father and I were incredibly fortunate that they offered to let us purchase the business.”

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