From the Brattleboro Reformer: A training program for business owners and key managers working towards an exit plan will be held from 2 to 5 p.m. Wednesday, Dec. 4, at the Brattleboro Development Credit Corporation offices at 76 Cotton Mill Hill. Participants will learn the basics of how to choose a path for ownership succession […]
From the Burlington Free Press: For Jason and Shaun, an ESOP was the perfect exit strategy. The brothers did not want to leave the fate of the employees who helped them build Alliance into a powerhouse in the hands of a buyer that might gut the place. They had originally thought of selling it to a […]
Industry: Construction Location:Essex Junction, Vermont Number of employees: 125 Became employee owned: 2019 Assistance: Vermont Employee Ownership Center Learn more Burlington Free Press – Employee Owned Companies Gain Traction (2019) Vermont Biz – VT Brothers sell company to their employees (2019) Employee Owned Small Businesses in Construction Employee Owned Small Businesses in Vermont Employee […]
(Changed named in 2019 from Nutty Steph’s) Industry: Food and Beverage Location: Montpelier, Vermont Number of employees: 13 Became employee owned: 2019 Assistance: Vermont Employee Ownership Center Learn more NBC5 – Rabble Rouser opens in Montpelier (vide0) (2019) Burlington Free Press – Employee Owned Companies Gain Traction (2019) Nuty Steph’s – Under New Ownership (2019) Vermont Biz […]
Read the full story at Vermont Business Magazine “2018 was a transformative year for us,” says Cindy Turcot, one of the original employees and now President of Burlington-based Gardener’s Supply Company. A national retailer, Gardener’s Supply is one of Vermont’s best-known companies, a leader in the socially-responsible business community, and 100 percent employee-owned through an […]
From Fifty by Fifty: Since 2012, CFNE has financed 15 co-op conversions including providing nine loans for business acquisitions and twelve working capital lines of credit to recently converted businesses. Some of our borrowers include: A Yard & A Half Landscaping Co-op, a largely immigrant co-op serving residences throughout the greater Boston area; Island Employee […]
From VTDigger.org: Proctor, Vt. – At a signing ceremony Wednesday, Governor Phil Scott proclaimed October as Employee Ownership Month in Vermont. The proclamation recognizes the value of employee ownership to Vermont’s economy and in creating opportunities for Vermont workers. “Employee-owned companies play an important role in our economy, bringing stability, increasing productivity and supporting local […]
From Yes Magazine: Five years later, things are better for Rock City, though certainly not perfect. And at age 64, Ward is ready to retire. With help from Rob Brown of the Cooperative Development Institute (CDI) in Maine, she is now working on the details of transitioning Rock City to worker ownership. “I had three […]
Industry: Construction Location: Vershire, Vermont Number of employees: 8 Became employee owned: 2016 Assistance: Vermont Employee Ownership Center, Financing: Cooperative Fund of New England Timber Homes is an 8-person custom construction company structured as a member-owned LLC in Vershire, Vermont. The company transitioned to a cooperative form in 2016 after one of two founders exited, in […]
From VT Digger: The employees of The New School of Montpelier (NSM) in Vermont have purchased the school from its founder and will be operating it as the state’s largest worker cooperative. Founded in 2005 by Susan Kimmerly, the NSM serves students ages 6 – 22 with intensive disabilities; primarily children and young adults with autism, cognitive disabilities, and […]