DATE RELEASED: 01/22/19

When Bob Whalen became president and CEO of HB McClure back in 2008, the employees were nervous. He was taking over from the grandson of Herbert Bassett McClure, who had founded the Harrisburg, Pennsylvania, heating, ventilation and air-conditioning firm in 1914. The company, which serves both commercial and residential customers, had been profitable for a century. But Whalen says it wasn't running as well as it could. "At the...

DATE RELEASED: 01/21/19

WASHINGTON, Jan. 21, 2019 /PRNewswire/ -- The ESOP Association, the only organization that advocates on behalf of all ESOP companies, applauds Senators Pat Roberts (R-Kan.) and Ben Cardin (D-Md.) for introducing S. 177, titled The Promotion and Expansion of Private Employee Ownership Act. The bill is identical to S. 1589, which was introduced in the last session of Congress and which gained the support of 40 percent...

DATE RELEASED: 01/11/19

In 2005, Mandy Cabot was set to sell Dansko, known for its closed-back wooden clogs, to Timberland for $150 million. She and her Danish husband, Peter Kjellerup, had built the company from scratch starting in 1990, importing clogs from Denmark and marketing them to customers in the U.S. who appreciated the shoes' comfort, durable construction and distinctive style.

But as the company flourished, she and Kjellerup started worrying about their lack...

DATE RELEASED: 01/03/19

The South Tempe campus of the electrical contracting industry's largest employee-owned firm, Rosendin, rang in the new year by celebrating a milestone: 100 years in business.

With revenues upwards of $2 billion, Rosendin has grown dramatically over the last century with 6,000 employees across 15 regional offices nationwide, each of which offers an increasing number of services.

"For 100 years, Rosendin has created a reputation for building...