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,...


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...


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...


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...


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...


Macaran Printed Products, a division of W.N. Van Alstine and Sons, Inc., announced that the company has become a 100% employee-owned entity, converting to an Employee Stock Ownership Plan (ESOP) which became effective earlier this year.

Macaran, one of North America's highest definition pressure sensitive label converters, was founded more than 44 years ago and as an employee-owned company will continue to operate under the same business model and...


Connection of performance to workforce satisfaction and success helped drive global engineering and construction leader's growth

OVERLAND PARK, Kan.--(BUSINESS WIRE)--Thousands of Black & Veatch professionals across the company's global operations are marking the 20th anniversary of its shift to an Employee Stock Ownership Plan (ESOP) – a major milestone in the company's commitment to connecting its bottom-line performance to the...


The Columbus landscape architecture firm MKSK will become employee-owned under a plan announced Wednesday. The firm's 100 employees will accumulate shares that they can cash in upon retirement. The company, which has seven offices in the region, is the latest of several central Ohio firms to become employee-owned.

Employees of the Columbus landscape architecture firm MKSK are buying the company, the latest example of a central Ohio company becoming employee-owned.

Workers at the...


Shawn Burcham founded Pro Food Systems (PFSbrands) over 20 years ago because he believed that he could run a wholesale food and equipment company better than the competitor he was working for at the time. PFSbrands is parent company to Champs Chicken, Cooper's Express, and BluTaco, in addition to being 100% employee owned and completely run with open-book management. Ladders spoke with PFSbrands founder and CEO Shawn Burcham to find out more about open-...


Workers between the ages of 18 and 34 who are employee-owners have 92% higher median household wealth relative to workers who are not employee-owners.

The National Center for Employee Ownership issued a report, "Employee Ownership & Economic Well-Being" that looked at survey data of workers between the ages of 28 to 34 from the Bureau of Labor Statistics. The center says its analysis is one of the first in-depth analysis of the relationship between employee...


A $455,000 settlement has been reached in a case involving a Tennessee-based trucking company's Employee Stock Ownership Plan (ESOP) following an investigation centered around the carrier's former owner, who also served as its chief financial officer, as well as the company's former ESOP trustee.

In his decision, U.S. District Court Judge Thomas A. Varlan ordered Stephen Thompson, former ESOP trustee of Big G Express Inc. of Shelbyville, Tennessee, and David Nolan, former owner and...


Company Implements Employee Stock Ownership Plan (ESOP)

Teksouth Corporation is excited to announce that it's now an employee-owned company.

The company's owners sold 51% of the company to the employees through an Employee Stock Ownership Plan (ESOP), which gives employees a personal stake in the company's success.

"We've always believed that taking care of our employees is the best way to take care of our clients. ...


Each October, the spirit of employee ownership is highlighted during Employee Ownership Month, an ideal time to boost awareness for employee stock ownership plans (ESOPs) and their benefit to companies, employees and communities at large.

Leading the charge in Employee Ownership Month is The ESOP Association, which believes employee-ownership improves American competitiveness, increases productivity in the workplace, and maximizes human potential.

Support for the ESOP model is...


IRVINE, Calif., Sept. 30, 2019 /PRNewswire/ -- International Education Corporation (IEC) and its subsidiary companies are proud to announce they are in the process of becoming employee-owned by creating an Employee Stock Ownership Plan (ESOP).

As a premier provider of postsecondary career education, International Education Corporation has made student success its top priority. This announcement marks the next step for the organization to align student success with the success of its...


Matt Crafton's entire life has been shaped by the company his father co-founded 56 years ago. Now, he's put forth a plan that will help shape the lives of the people who work for it.

On Sept. 3, Crafton Tull, a multistate engineering and design firm headquartered in Rogers, announced the formation of an Employee Stock Ownership Plan, or ESOP.

As a result, about 250 people are now employee-owners of Crafton Tull under the new ESOP. Crafton...