“Becoming 100% employee-owned connects the company's growth directly to the people in the field, in the shop, and in the office." - Jamie Rich, President & CEO, Wendler Inc.
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Hundreds of executives have flocked to St. Louis to learn how the Gunds’ family business thrives by putting workers before short-term profits.
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‘Nobody else gets the benefit’
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The new law allows fiduciaries of Employee Stock Ownership Plans (ESOP) to rely on IRS valuation guidelines when appraising the value of the shares in an ESOP.
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ESOP transition creates new opportunities for employees while supporting the firm's culture, leadership, and independence.
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Caregiving agency becomes employee owned, giving over 250 workers a stake
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The Retire Through Ownership Act passed the House on Wednesday by a vote of 401-14.
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Company completes sale to employees, marking a new chapter in its 50-year history.
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Instead of selling shares to outside investors, the company launched an Employee Stock Ownership Plan in 1992.
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Long-standing, family-owned business converts to 100% ESOP.
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Department of Labor report shows rising Employee Stock Ownership Plan participation, worker ownership growth
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“This is about protecting who we are," said Jonathan Timm, North Arrow's Founder. "Our employees are the heart of this organization.”
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Going from solo ownership to being an employee-owned business has some cool benefits for air conditioning company Sunset Air,
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“We all decided it was far better to retain the customer culture by going with an employee stock ownership program,” said Scott Hoffman, chief executive officer of Fisher Barton.
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Founders Steve Buttitta and Craig Luce transfer full company ownership to employees, marking a milestone in Keena's 20-year legacy of healthcare IT innovation
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This is about building on our legacy and creating an opportunity for our employees to share in something they helped build.
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Century-old builder enters next chapter by sharing long-term success with its people.
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Daniel Aronowitz, the head of the Employee Benefits Security Administration (EBSA), announced that EBSA will be focusing its enforcement efforts on the duty of loyalty, including ESG and DEI; and will be more supportive of ESOP creation than previous administrations.
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Wealth building at Jasper Holdings continues with its ESOP value nearly $2.2 billion
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Maine Drilling & Blasting (MD&B), a leading provider of drilling and blasting services, is celebrating its 60th anniversary and its 22nd as an Employee Owned Company.
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