Nash Engineering: 100 Years of Evolving Family Commitment (B)

Name: Nash Engineering: 100 Years of Evolving Family Commitment (B) (English version)
SKU: IN-S635

Carlock, Randel; Florent-Treacy, Elizabeth

Product #:IN-S635

Supplier:INSEAD

Discipline:Entrepreneurship

Setting:United States

Details:Supplemental Case (PDF) • 9 pages • 2005-10-01 (Rev: 2021-01-06)

Subjects:

Entrepreneurship Family businesses Investment banking Shareholder relations Private equity Strategy

Geography:

United States North America

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$4.62

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As a multi-generational family business with a 100-year history in industrial engineering, the Nash Engineering Company had turned many challenges into opportunities. But in the late 1990s, the market for their products collapsed. The family and executive managers were faced with several options. Should they try to continue as a stand-alone organization? Should they pursue a strategic acquisition? Should the family sell Nash Engineering? There were many factors to consider, among them individual shareholders' need for dividends and liquidity, and the family's sense of pride in their heritage. What was the best solution for the business and the family?

Learning Objectives

There were many factors to consider, among them individual shareholders' need for dividends and liquidity, and the family's sense of pride in their heritage. What was the best solution for the business and the family? The teaching objectives are: (1) exploring the importance of family involvement in decisions that affect the business; and (2) exploring options for the next generation: stand-alone; merge or acquire; or sell?