DATE RELEASED: 08/08/18

The gap in wealth in the United States between the ultrawealthy and everyone else has reached its widest point in decades. One way to narrow the divide is through the use of worker buyouts, in which ownership of a company transfers from a single person or a small number of people to the workers of the company.

Currently, about 10% of Americans hold equity stakes in their workplaces. By providing more workers and employees with opportunities to buy shares, companies can help workers and...

DATE RELEASED: 08/02/18

Orem–Mountainland Supply Company & Contractors Heating & Cooling Supply formed an Employee Stock Ownership Plan (ESOP). This transaction strengthened Mountainland Supply and Contractors Supply position in the marketplace to support the growing demand of their intermountain customer base. The transaction includes a fully funded ESOP program for over 400 employees that currently occupy 20 locations throughout Utah and now Wyoming.

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DATE RELEASED: 08/02/18

MILWAUKIE, ORE. — After 40 years, Bob's Red Mill Natural Foods will have a new chief executive.

Dennis Vaughn, a longtime executive of the company, has been promoted to c.e.o. He succeeds Bob Moore, who will remain active as founder and president of the company but will transition his c.e.o. responsibilities to Mr. Vaughn.

"Dennis and I share a passion for this brand and have worked closely together to grow Bob's Red Mill into what it is...

DATE RELEASED: 08/01/18

For most professional services firms, sustained growth usually involves an acquisition or a transfer of ownership. Many founders in general have their eye on their end game in today's fast-moving, milestone-driven, valuation-obsessed business environment. But for Bruce Ballengee, CEO and Co-Founder of Pariveda Solutions, Inc., a $100 million, 500-person technology strategy and solutions consulting firm, no exit strategy was no problem. In fact...

DATE RELEASED: 07/19/18

Woodstock, New York, July 19, 2018 (GLOBE NEWSWIRE) -- Miller/Howard Investments is pleased to announce that current shareholders of the company have agreed to sell 100% of their stock to an ESOP (Employee Stock Ownership Plan). The ESOP will hold in trust, through an institutional trustee, all of the company equity exclusively for the benefit of all current and future employees. Indeed, the employees will no longer be simply employees—...

DATE RELEASED: 07/10/18

CINCINNATI--(BUSINESS WIRE)--Jul 10, 2018--The Board of Directors of The Procter & Gamble Company (NYSE:PG) declared a quarterly dividend of $0.7172 per share on the Common Stock and on the Series A and Series B ESOP Convertible Class A Preferred Stock of the Company, payable on or after August 15, 2018, to Common Stock shareholders of record at the close of business on July 20, 2018, and to Series A and Series B ESOP Convertible Class A Preferred Stock shareholders of record at the...

DATE RELEASED: 07/10/18

STREETSBORO, OH – Automated Packaging Systems, the world leader in high-reliability bagging systems, has announced that its per share stock value in the company's Employee Stock Ownership Plan (ESOP) jumped 47% over last year.

"This increase is unprecedented and is driven mostly by our outstanding revenue and income growth in 2017," said Cliff Brehm, President. "I want to thank every one of our team members for their dedication and hard work. I am...

DATE RELEASED: 06/25/18

The president and CEO of a popular Idaho salad dressing manufacturer believes his company is thriving mostly due to its recent conversion to 100 percent employee ownership.

Jim Frank, head of Litehouse, Inc., said the Sandpoint-based company increased its net sales by 18 percent from the prior year in 2017 and enjoyed a roughly 15 percent increase in its share price.

Litehouse, which also has manufacturing facilities in Hurricane,...

DATE RELEASED: 06/23/18

Growing numbers of U.S. companies are giving workers financial stakes via employee stock ownership plans.

 

There are a few lingering questions when it comes to Great Lakes Brewing Co.'s newly announced employee stock ownership plan, or ESOP. How many shares employees will receive, for example, how much each one of those shares will be worth and if the stock will be subject to a vesting period. Or, even what percent of the company...

DATE RELEASED: 06/15/18

Summit, NJ: Pilot Hill Advisors is pleased to announce Robin Industries, Inc. ("Robin") an international manufacturer of custom molded products, has completed its ESOP buyout and the company is now 100% ESOP-owned.  Pilot Hill Advisors was pleased to assist the company initiate its initial ESOP transaction and again advise on the financing and structuring of this second-stage buyout.

Started as a family-owned business in 1947, a large...

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