How new house owners plan to maintain Caribou’s legacy companies

CARIBOU, Maine — When longtime enterprise house owners determine to maneuver on, it’s not simple for newcomers to maintain the institution’s character whereas making an attempt new issues.

That’s very true in a state the place 80 p.c of companies are family-owned and youthful generations are more and more selecting  to not take over household companies. Most just lately, the well-known Aroostook companies Hogan Tire and Theriault Tools had been bought to out-of-state corporations, however with the brand new house owners vowing to maintain the identical native household vibes.

In Caribou, the most recent retailers say they need to keep the character of the companies they acquired, preserving a number of the metropolis’s character.