Michaels Energy is excited to announce it has expanded company ownership to include three key employees - Mike Frischmann, Kristin Laursen, and Eric O'Neill. These new owners join current shareholders, Jeff Ihnen, Scott Siefkes, Bryce Dvorak and Ryan Kroll.
The new owners are part of the next generation of company leaders in the Michaels Energy ownership transition process. Frischmann, Laursen, and O'Neill have each been with the company for nearly a decade or more, and have demonstrated indispensable skills and commitment to driving Michaels Energy toward profitability and growth.
"I am excited to continue working with Michaels’ excellent clients and staff as we move into a new era of ownership," said Scott Siefkes, Chief Operating Officer at Michaels Energy. "I am confident that the new group of owners will continue the hard work and dedication that has been demonstrated by our current and former owners."
The owner/employee model allows Michaels to pursue the type of work its employees are passionate about while staying relevant and forward-thinking in an ever-changing industry.
"This is our third generation of owners. The efficiency landscape has been drastically different each time," said Jeff Ihnen, Michaels' Chief Executive Officer. "First, we saw a rapidly growing local (state) efficiency environment. The second generation launched as utility deregulation rolled out and efficiency had scaled way back. Since then, efficiency grew large and it has stabilized [to an eerie calm]. We see upheaval on the horizon and we are excited to see opportunities present themselves as well matched for our capabilities."
To learn more about Michaels Energy or their new generation of leaders, visit michaelsenergy.com.