Most family-owned distributors don't make it to the fourth generation. Standard Electric Supply has, and Larry Stern and Matt Stern share exactly how. From untangling a complicated 17-owner inheritance structure to navigating daily acquisition offers from private equity and large consolidators, Larry has spent over three decades building something worth handing down. Now, with Matt stepping into the COO role, the next chapter of Standard Electric's 106-year story of business growth is just getting started.Together they talk succession planning, culture, leadership, and what it actually takes to grow a family-owned distribution business in a market that keeps trying to buy you out. If you're an independent distributor thinking about the future of your business — or just want to hear from two leaders who are doing it right — this conversation is for you.
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