The Vyhlidal brothers, Jim, John and Dave started Tri-V Tool & Mfg. Co in 1984. For 25 years OFWF has provided financial guidance to the company as it grew from three brothers to over 100 employees.
When it came time for retirement / business transition planning OFWF was there. Over a four- year period, working with OFWF, attorneys and a financial planner, a business transition plan was created. This plan created a “Key Employees Group” (KEG) ownership plan. Six of their top talent, including Dave’s son Scott, make up this group and over time will become the next generation of owners.
According to Dave, “OFWF was extremely helpful with company financial projections and for each of the brother’s personal financial expectations. It was easier to move forward with planning and implementation of our exit strategy once we had this information We’ve worked with OFWF for many years, they know us very well and have always been a big part of our business.”
The transition plan is working well, with Jim retiring in 2014 and John in 2017. As for Dave’s impending retirement, he plans to enjoy life and devote more time to his antique tractor collection.