DATE RELEASED: 11/19/12

Jo Swinson, the Business Minister of the United Kingdom, announced that an index of the 69 companies on London's FTSE stock exchange with 3% or more of their shares held by employees would become FTSE-compliant. The Minister said, "The Employee Ownership Index will now mean investors can identify thriving employee ownership businesses and be part of their success. I hope more businesses recognise the value of this model and give their employees a greater stake in their future and the success...

DATE RELEASED: 11/13/12

Summit, NJ:  Robert Massengill was elected to the Board of Directors of Alliance Holdings, Inc., a 100% ESOP-owned, private equity firm located in Philadelphia, PA. The firm's core belief is that employee ownership, through the use of a captive ESOP structure, provides the greatest benefits to both selling shareholders and their employees.  Ken Wanko, Alliance CEO commenting on the news said, "As our new leadership team looks forward, we will continue to acquire in companies...

DATE RELEASED: 10/10/12

The American Society of Pension Professionals & Actuaries (ASPPA) today announced the release of a new educational certificate called "The Employee Stock Ownership Plan (ESOP) Administration Certificate."

"The new ESOP Administration certificate was created for retirement plan professionals interested in expanding their knowledge of employee stock ownership plans so they can provide full ESOP administration and consulting services to their clients and become a valuable asset to...

DATE RELEASED: 08/17/12

Summit, NJ:  Pilot Hill Advisors LLC announced today that Robin Industries, Inc. (www.robin-industries.com) and its shareholders recently completed the sale of 49% of the company to a newly-formed Employee Stock Ownership Plan (ESOP). The company's ownership has changed, but its management team will remain the same. Pilot Hill Advisors represented the company as its ESOP investment banker and assisted with the planning, execution...

DATE RELEASED: 07/26/12

A study released by Alex Brill, former advisor to the Simpson-Bowles bipartisan deficit reduction commission and a fellow at the American Enterprise Institute, finds that private employee stock ownership plans (ESOPs) organized as S corporations increased employment over the last decade more quickly than the overall private sector.  Among surveyed "S-ESOP" companies, the Brill study reported, jobs grew by 60 percent over the past decade, while jobs in the private economy as...

DATE RELEASED: 04/01/12

Summit, NJ: Robert Massengill was recently elected to the Board of Directors of Queensgate Foods, a 100% ESOP-owned food distribution business located in Cincinnati, OH. The company was acquired in a management buyout in 2002 and became a 100% ESOP in 2008. Bob is one of two outside directors and works closely with the other directors, leadership team and ESOP advisors. Queensgate President Pat O'Callaghan commented, "Our company is very pleased Bob has accepted this...

DATE RELEASED: 09/23/11

New York has relaxed its professional company ownership laws an now allows non-licensed professionals to own up to a 25% stake in companies such as architecture and engineering firms.

That means corporate attorneys, chief financial officers, marketing staff and other non-licensed professionals can become owners, thereby facilitating a simpler process for adopting employee stock ownership plans, among other techniques. This law relaxes a restriction that has been in place since 1935...

DATE RELEASED: 03/29/11

Pro ESOP bill H.R. 1244, the "Promotion and Expansion of Private Employee Ownership Act of 2011," was introduced today by a bi-partisan group of key members of the House Ways and Means Committee: Congressmen David G. Reichert (R-WA), Ron Kind (D-WI), Charles W. Boustany, Jr. (R-LA), Earl Blumenauer (D-OR), Erik Paulsen (R-MN), and Bill Pascrell (D-NJ).

"This bi-partisan declaration of support for employee ownership through the ESOP (employee stock ownership plan) model among privately...

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