Todd aimed to honor his father’s legacy, support his team, and secure his personal and financial future.
Todd, who inherited his family’s construction services business in Sioux Falls, South Dakota, partnered with Your Legacy Partners to secure his future, protect his employees, and honor his late father’s legacy while preparing the company for a major expansion and ownership transition.
Client
Todd
Business
Industrial Services
Time Period
3 years
Results
Todd gained financial security, protected his employees, and set up a legacy gift for ALS research—while positioning his business for long-term growth.
When Todd Miller became the owner of Miller Industrial Services after his father’s passing in 2019, he inherited more than a successful construction services business—he inherited decades of loyalty, hard work, and a responsibility to a close-knit team. While the company was thriving, it faced a pivotal challenge: to pursue meaningful expansion, it needed a capital partner and a more professional management structure.
Todd was deeply committed to his employees and his father’s legacy but recognized he wasn’t the right person to lead the next phase of growth. He wanted to plan his exit on his own terms, ensure the well-being of his staff, and make an impact on causes important to his family—especially ALS research.
Working with Your Legacy Partners starting in early 2020, Todd focused first on strengthening the business internally. He promoted and trained two key employees into management, reduced owner dependency, and improved operational efficiency. Simultaneously, we ran a careful process to identify a capital partner aligned with Todd’s values and vision.
In 2023, Todd sold 70% of Miller Industrial Services to Northland Holdings, an industry-savvy group based in Minneapolis. This allowed the business to access capital for expansion, gain experienced leadership, and join a broader network of similar companies. Importantly, Todd kept 30% ownership, maintaining his advisory role and ensuring a stable transition for his employees.
The transaction empowered Todd to achieve several personal milestones: paying off debt, purchasing a dream home in Arizona, acquiring land for his passions, and establishing a charitable trust to fight ALS—providing both an immediate tax benefit and a future income stream to support the cause in his father’s honor.
Todd’s continued involvement helped steward the transition, and his retained stake means he stands to benefit from future growth as the business thrives under new leadership. In his words:
“My dad would have been proud of what his business and legacy was able to create for us.”
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Legacy grows strongest when people come first.
Nick Arellano
Legacy Partner
