In early April, Morgan Construction sold itself to a division of Siemens VAI Metals Technologies after more than 120 years of being almost entirely family-run. Morgan’s president Philip Morgan, the fifth consecutive first-born son to run the business and descendant of founder Charles Hill Morgan, no doubt had a hand in the process, although he was not the only blood relative involved. Of the roughly 180 shareholders who reaped returns on the $160 million deal – counting $30 million in debt assumed by Siemens VAI – about 170 share the Morgan DNA.
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