The success story of custom furniture manufacturer Whitewood Industries has been the transfer of its ownership to its more than 300 employees.
Read MoreESOP-owned Hannibal Industries, Inc. named Reed Reynolds as its chief operations officer (COO). Reynolds is a steel industry veteran that has more than 14 years of experience in sales and management positions. Reynolds' first day in this role will be March 12 and he will report directly to the president. Reynolds will be responsible to oversee the daily operation of the company while maintaining and establishing policies that promote the company culture and vision, especially concentrating on growth through efficiency and expansion.
Read MoreThe U.S. Department of Labor (DOL) closed out 2017 by entering into yet another settlement agreement with the trustee of an employee stock ownership plan (ESOP).
Read MoreSummit, NJ: The principals of Pilot Hill Advisors through its broker/dealer, Corporate Finance Securities, are pleased to announce that GeoStruct Engineers, Inc. has recently become 100% owned by its Emplyee Stock Ownership Plan.
Read MoreUSA Mortgage's sole owner, president and CEO, Douglas Schukar, transferred ownership of the company to employees through an Employee Stock Ownership Plan (ESOP).
Read MoreIllini Hi-Reach has become an employee-owned company ("ESOP"), according to president and CEO Larry Workman. All of the Illini management team remains in place. The company is planning to add more experienced employees as the company continues its strategic growth and expansion.
Read MoreAPPLETON - Appvion's public announcement last week of its proposed sale left out a significant detail.
Read MoreGT Distributors is pleased to announce that effective January 26th, 2018, 55% of the company's stock has been sold to its employee's retirement plan, through an Employee Stock Ownership Plan (ESOP). The Texas-based public safety equipment and uniform distributor's 100+ employees will become beneficial owners through the ESOP.
Read MoreMaybe it's the work environment, but Kent-based Davey Tree Expert Co. keeps growing faster than a poplar tree.
Read MorePilot Hill Advisors LLC announced today that James B. Junker has joined the firm as Managing Director. In this role, Mr. Junker will work with company owners and their advisors to evaluate, plan and implement all types of ESOP transactions.
Read MoreStandard Golf Company has announced the successful transfer of a 100 percent ownership of the company to its employees via an Employee Stock Ownership Plan effective Jan. 3, 2018.
Read MoreCalifornia-based Shutterfly (NASDAQ:SFLY) , the big online retailer and manufacturer of personalized photography and related products and services, plans to pay $825 million in cash to buy Eden Prairie-based Lifetouch, an employee-owned company and a leader in school photography.
Read MoreParksite Inc. said it is acquiring Atlantic Plywood Corp., a distributor of industrial wood products and accessories in the Northeastern US. Both Parksite and Atlantic Plywood are employee-owned (ESOP) organizations.
Read MoreMARSHFIELD – Staab Construction Corporation, a builder of municipal & industrial water and wastewater treatment systems in the Midwest, has announced it recently completed a transition to become 100 percent employee owned through its Employee Stock Ownership Program (ESOP).
Read MoreWAWA, Pa. -- Wawa Inc. has agreed to pay $25 million to settle a class-action lawsuit filed in February 2016 in the U.S. District Court for the Eastern District of Pennsylvania that claimed the convenience-store retailer violated the Employee Retirement Income Security Act (ERISA) by allegedly barring workers who left the company from maintaining company stock and liquidating their stock at an unfair, low price, according to court documents.
Read MoreKorellis Roofing, one of the largest roofing contractors in Northwest Indiana, has gone from being a family affair to employee-owned.
Read MoreCINCINNATI--(BUSINESS WIRE)--The Board of Directors of The Procter & Gamble Company (NYSE:PG) declared a quarterly dividend of $0.6896 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 February 15, 2018 to Common Stock shareholders of record at the close of business on January 19, 2018, and to Series A and Series B ESOP Convertible Class A Preferred Stock shareholders of record at the start of business on January 19, 2018.
Read MoreThe appellate court agreed with a lower court that plaintiffs did not meet pleading standards set forth in the Supreme Court ruling in Fifth Third v. Dudenhoeffer.
Read MoreU.S. Sen. Kirsten Gillibrand will visit Niagara Gear a division of Gear Motions, which has an employee stock ownership plan, on Monday to get feedback from workers as she pushes national legislation to support such plans around the country.
Read MoreINDIANAPOLIS, Jan. 3, 2018 /PRNewswire/ -- Performance Validation (PV), a nationwide leader in providing commissioning, qualification, validation, and quality services to the pharmaceutical, biotechnology, and medical device industries, is pleased to announce the company has established an Employee Stock Ownership Plan (ESOP), becoming a 100% employee owned company.
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