Resolving Family Conflict in a Manufacturing Succession
Client: Multi-Generation Manufacturing & Repair Business
Industry: Family-Owned Business
Challenge
Three siblings—two active in the business and one not—faced conflict over succession and asset division. The active siblings would not meet together, and the parents were caught between preserving family harmony and ensuring a fair business transition.
Iron Wheel Solution
Conducted a neutral assessment of family dynamics, roles, and equity expectations.
Developed a dual-division structure, giving each active sibling responsibility for separate business units.
Created a governance and communication plan to reduce friction and align decision-making.
Structured an equitable transition, with delayed non-business assets for the non-involved sibling.
Outcome
The succession completed smoothly. Both active siblings assumed leadership of their divisions, the non-active sibling received equitable value, and the family celebrated Thanksgiving together the following year—successfully preserving relationships and business continuity.
