DATE RELEASED: 12/10/19

NEW YORK, Dec. 10, 2019 /PRNewswire/ -- HR&A Advisors, Inc. (HR&A), a leading, national consulting firm providing services in real estate, economic development, and public policy, announced that current firm President Eric Rothman will become Chief Executive Officer on January 1, 2020. John Alschuler, who founded the firm and has served as Chairman, will remain an active Partner and Chair of HR&A's Board of Directors. HR&A's Vice Chairman Candace Damon will remain an active...

DATE RELEASED: 12/05/19

Jerry Mathwig, founder and president of Metro Sales, Inc., Richfield, recently announced the company's ownership transition to its employees through the creation of an employee stock ownership plan.

Eligible employees will share beneficial ownership in the growth of the company.

In making the announcement, Mathwig said, "The employees built the company with the help of our customers, and I wanted to further reward them for their...

DATE RELEASED: 12/03/19

ESOP Drives Ownership Culture and Passion for Client Service at Leading Tax Consulting Firm

FORT WAYNE, Ind. (PRWEB) December 03, 2019:  DMA – DuCharme, McMillen & Associates, Inc., an industry-leading tax consulting firm serving the U.S. and Canada, proudly announces its 25th anniversary as an employee-owned company.

Established in 1972 as a privately owned company, DMA became an employee-owned company in December of 1994 when employees purchased the company...

DATE RELEASED: 11/25/19

J.S. McCarthy Printers, a sheetfed commercial and packaging printer, announced that the company has become an ESOP, effective Sept. 1, 2019. In the transaction, prior owners sold 100% of their ownership interest to a newly created Employee Stock Ownership Trust, giving employees ownership in the company without any personal investment.

The newly formed ESOP is a qualified retirement plan offered in addition to the company 401(k). The ESOP will...

DATE RELEASED: 11/20/19

These are competitive times for breweries, but even in a year of acquisitions and mergers, New Belgium's announcement yesterday that it plans to sell to Tokyo-based Kirin Holdings was huge news. New Belgium—brewer of Fat Tire, the Voodoo series of IPAs, and award-winning Belgian-style beers—is the fourth-largest craft brewery in America, and has been a pioneer in the industry since its founding in 1991. It's also employee-owned—offering an Employee Stock Ownership Plan, or ESOP—which makes...

DATE RELEASED: 11/17/19

ESOPs turn employees into owners.

Kerry Siggins and Michael Russell are believers that an employee-owned model for business provides tools to get the most out of workers.

Siggins, CEO of StoneAge Inc., maker of waterblast tools and automated equipment for industrial cleaning applications, cited the company's founders, John Wogamott and Jerry Zink, as the original adopters of an employee share owned plan, or ESOP.

"Employee-ownership models like ESOPs create...

DATE RELEASED: 11/17/19

WASHINGTON — Jim Chiavetta thinks Microplastics Inc. has a perfect business partner in IVP Plastics, MPI's new subsidiary.

"We were looking to expand two years ago, and we hired an investment banker to help us," said Chiavetta, MPI's president. "We cast a wide net."

That net reached Darryl Lindemann, IVP's president and CEO, and Chiavetta and Lindemann started talking this spring.

Chiavetta said he was impressed by the work ethic,...

DATE RELEASED: 11/17/19

Dixie Plywood and Lumber Company (DIXIEPLY), a leading wholesale distributor of building materials, is proud to announce it has become 100% employee-owned through an Employee Stock Ownership Plan(ESOP). The ESOP was announced to DIXIEPLY's employees on November 1st by Dan Bradley, President of the 75 year old company. The ESOP became effective October 31, 2019. Management and personnel will remain the same and the Bradley family will continue to play a role on the board of directors...

DATE RELEASED: 11/01/19

With unemployment rates hitting historic lows and state GDP now eclipsing the UK's, California's economy seems strong.

But many workers are not reaping the rewards. Their wages aren't growing along with their companies, or even keeping up with the rising cost of living. Most workers struggle to save enough for retirement. And they feel unprepared for the next recession.

Some business owners have found a way to push back on these trends. They're selling their companies to their...

DATE RELEASED: 10/29/19

NEW YORK and CHICAGO, Oct. 29, 2019 /PRNewswire/ -- STV Group, Inc., ("STV") and The Pritzker Organization, L.L.C. ("TPO") announced today that the Tom Pritzker Family Business Interests ("PFBI") advised by TPO have agreed to recapitalize the ownership of STV. STV is a leading engineering, architectural, program/construction management, planning, and environmental professional services firm, with corporate headquarters in New York, NY, and Douglassville...

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