Anderson University Family Enterprise Institute welcomes Instel Power Products as Founding Family

Simpsonville, South Carolina – February 12, 2024

An exciting new announcement made by the Kim S. Miller Family Enterprise Institute of South Carolina at Anderson University comes as they welcome Instel Power Products to their fold as a founding family. This exciting development was published on February 9, heralding a new phase of growth for the Institute.

Magnifying Business Values

The concept of ‘founding families’ signifies family enterprises that have surpassed the transition phase and have ventured into and beyond the second generation of family ownership. The addition of Instel Power Products, a reputed electrical supply and engineering services provider based in Simpsonville, as a founding family underlines the importance of the continuation and enrichment of family-owned businesses.

“Today the world of business has never been more difficult. The world of families has never been more complicated,” highlighted Brad Bechtold, the executive director of The Kim S. Miller Family Enterprise Institute of South Carolina. “When you put the two together, the complexity grows exponentially.”

The core ethos of the institute is to ensure that their community and state remain strong on economic fronts. It believes in the integral role of family enterprises in achieving this objective. Pink Bechtold further said, “We are so fortunate to have William and Matt Jackson of Instel Power Products become a founding family.”

The Institute’s Vision

The Kim S. Miller Family Enterprise Institute of South Carolina, founded in 2021, aims to foster a learning environment rich in the sharing of insights and generation of creative solutions. These objectives are primarily targeted at tackling critical issues and problems faced by family enterprises.

The institute has been working unceasingly to enable and embolden family enterprises confronting various challenges during transitional phases. By providing the family enterprises with unique opportunities and learning platforms, the institute paves the way for the businesses to tackle these issues efficiently and grow simultaneously.

Instel Power Products

With its inclusion as a founding family, Instel Power Products, an established brand in the electrical supply and engineering services spectrum, reinforces the vision of The Kim S. Miller Family Enterprise Institute of South Carolina. As a family-owned business transitioned into the second generation of ownership, they typify the role of family enterprises in enhancing the economic strength of their communities.

For more detailed information about the institute and its various initiatives, visit the official website at andersonuniversity.edu/the-kim-s-miller-family-enterprise-institute-of-south-carolina .

Future Projections

This new affiliation of Instel Power Products with The Kim S. Miller Family Enterprise Institute of South Carolina signals an energizing phase of growth and enrichment for both organizations. With this new partnership, they are expected to steer their efforts towards strengthening family enterprises that form the backbone of the economy.

As more family enterprises join the institute as founding families, the direction seems to be towards building strategic alliances. These partnerships will empower them to tackle the difficulties faced in managing family businesses and will assist in their growth and prosperity in the long run.