For sustainable family companies, managing the transition between generations is the one of the most important factor.According to PwC Family Companies Research; one of the main problem for family companies is, the goal of the founder is not being able to followed and passed efficiently by the next generation. In the USA, 40 percent of the family companies comes to an end within first 5 year. 66 percent of the rest is also comes to an end or being passed into other hand in first generation. Family companies which succeed to reach to the second generation is not more than 20 percent.
Martaş Automotive is the one of the best example of these family companies that managed the transition between generations very successfully. Hadi Özalp who started his work life with selling spare parts in a small shop, assigned the management of the company which was run by him for 37 years to his sons Ziya Özalp and Baver Özalp in 2010. Two brothers didn’t only grow the sapre part business into a giant logistic business, they also carried the company to become the biggest in the industry with producing their own private label products, global partnerships and investing in technologies.