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America’s New Millionaire Class: Plumbers and HVAC Entrepreneurs
WSJ ^ | 12 Oct 2024 | Te-Ping Chen

Posted on 10/13/2024 8:41:14 AM PDT by DUMBGRUNT

Aaron Rice has two logos tattooed on his left leg: one from the plumbing business he co-founded more than a decade ago, and another from the private-equity-backed company that recently bought it.

“The trades are hard work. A lot of today’s society, picking up a shovel is foreign to them,”

The wave of investment is minting a new class of millionaires across the country, one that small-business owners say is helping add more shine to working with a tool belt.

Rice continues to work as a sewer department manager at Rite Way, and plans to stay with the company until he retires in seven years at age 50—something he’s looking forward to. His co-founder has remained with the company, too.

(Excerpt) Read more at wsj.com ...


TOPICS: Business/Economy; Chit/Chat
KEYWORDS: hvac; labor; plumbing
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To: Da Coyote

21 posted on 10/14/2024 12:00:48 AM PDT by Veracious Poet (Previously known as "Gary" long ago, but lost my logon info...)
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