{"id":57603,"date":"2022-01-25T20:21:28","date_gmt":"2022-01-25T20:21:28","guid":{"rendered":"https:\/\/www.capital-tactics.com\/?post_type=dt_portfolio&p=57603"},"modified":"2022-01-25T22:23:51","modified_gmt":"2022-01-25T22:23:51","slug":"how-butch-klug-retired-from-his-family-bus-business","status":"publish","type":"dt_portfolio","link":"https:\/\/www.capital-tactics.com\/project\/how-butch-klug-retired-from-his-family-bus-business\/","title":{"rendered":"How Butch Klug Retired from his Family Bus Business"},"content":{"rendered":"

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How Butch Klug Retired from his Family Bus Business<\/h3><\/div><\/div>[vc_column_text]After 45 years in the bus business, second-generation co-owner, Butch Klug, was ready to retire. He sighs a long sigh, \u201cI just didn\u2019t have it anymore. I had lost the drive.\u201d Butch was due for a break. He\u2019d been a big part of the family business since he graduated from Xavier University in 1972. That\u2019s after years of working part time in high school. \u201cNow that\u2019s paying your dues,\u201d he laughs. And indeed, he did.<\/p>\n

After he and his sister, Mary Jo, bought the company from his parents in the early eighties, they worked hard with their complementary skill sets to build up the Western Hills business. Eventually, it\u2019d run 35 school buses, 17 motor coaches and three mini buses.<\/p>\n

And while the company had come so far, Butch and Mary Jo began to run low on gas. \u201cThings had changed. The rules and regulations. The environment. It started to feel like I was in the way of progress,\u201d says Butch, \u201cthe business eventually became 24-7 and I think that\u2019s what eventually just beat us up.\u201d<\/p>\n

The thing was, in 2014, when Butch began looking into retirement, he wasn\u2019t sure how to go about it. He knew how to run a bus company, but wasn\u2019t quite sure what it was worth, or how to sell it. And since it wasn\u2019t going to be passed on to another generation, he wanted to make sure that Klug Buses would land in the right set of hands.[\/vc_column_text][\/vc_column][vc_column width=”1\/2″]