Chapter 6 - Prescott Power
My father built Prescott Power twenty-seven years earlier.
It maintained:
Industrial backup systems.
Utility equipment.
Large-scale electrical infrastructure.
After Dad died, the company became strategically awkward.
Profitable.
But smaller than our core businesses.
My brothers disagreed about what to do with it.
Caleb wanted to keep it.
Mason wanted a strategic partner.
Grant wanted to sell at the right price.
I held no executive role.
But Dad’s shareholder agreement gave each of his four children voting interests in the family holding company.
My stake:
17.5%.
My brothers collectively held more.
Independent trusts and charitable entities held the remainder.
Selling Prescott Power required:
Board approval.
And a specified supermajority of family voting interests.
May you like
My vote could matter.
Ryan knew that.
