ESOP

Star Tribune – Chew on this: Hell’s Kitchen owners sell their restaurant to employees

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From the Star Tribune Hell’s Kitchen, the Minneapolis restaurant known for irreverent marketing, a 35-foot Bloody Mary bar and lemon-ricotta pancakes, will soon stand out for something else: employee ownership. On Wednesday, owners Cynthia Gerdes and Steve Meyer closed the restaurant after lunch for a staff meeting, where they told more than 100 employees they […]

ESOP

Lancaster Online – What’s an ESOP? Experts say employee stock ownership plans help keep businesses in PA

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From Lancaster Online: The benefits of the program are extraordinary. McPhillips shares some statistics. The 24- to 36-year-old employee population has 30 percent higher wages. Employee owned companies are more productive by eight to 12 percent which more than doubles their profitability over ten years and makes them less likely to lay off workers. 401K […]

Sun Light & Power – Berkeley, CA

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Industry: Solar Location: California Number of employees: 80 Became employee owned: 2018 Assistance: ICA Group, Beyster Institute Learn more Sun Light & Power – California solar solutions provider, Sun Light & Power, becomes 100% employee owned Staubus – The Cooperative / ESOP Hybrid: The Best of Both (slides) North Bay Business Journal – Employee ownership embraced by […]

ESOP

Star Tribune – Employee ownership is secret sauce at rapidly growing Burns & McDonnell

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From the Star Tribune: B&M die-hards say the secret sauce is 5,300 employee-owners dedicated to its 30-year history as an employee stock ownership plan (ESOP) firm that builds wealth over careers as the company grows more profitable. “Everyone here is an owner,” Sieve said. “The partners. And the receptionist.” ESOP evangelists say employee ownership, in […]

H&R Agri-Power – Hopkinsville, KY

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Industry: Farm Equipment Location: Hopkinsville, Kentucky Number of employees: 275 Became 100% employee owned: 2014 Learn more Farm Equipment – [Podcast] Our Dealer Story: H&R Agri-Power (2019) Farm Equipment – Exploring the Possibilities of Employee Stock Ownership Plans  (2015) Precision Farming Dealer – Dealers Experienced in Employee-Owned Stock Ownership Plans (ESOPs) to Present at 2015 Summit (2014)   Employee […]

Chelsea Green Publishing – White River Junction, VT

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Industry: Publishing Location: White River Junction, Vermont Number of employees: 25 Became employee owned: 2012 Assistance: Vermont Employee Ownership Center Learn more Chelsea Green – About us Publishers Weekly – Employees Take Ownership of Chelsea Green (2019) Aim 2 Flourish – Practicing What We Publish: Chelsea Green Publishing (2017) Chelsea Green – Chelsea Green Publishing Becomes Employee-Owned (2012) […]

Luckett & Farley – Louisville KY

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Industry: Architecture Location: Louisville, Kentucky Number of employees: 118 Became 100% employee owned: 2012 Learn more www.luckett-farley.com Luckett & Farley – All Employees are Also Owners at Luckett & Farley Luckett & Farley – Kentucky’s Largest Architectural & Engineering Firm Creates Wealth For Its Employees (2012) Employee Owned Small Businesses in Architecture Employee Owned Small Businesses in […]

Messer Construction – Louisville, KY

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Industry: Construction Location: Ohio, Kentucky Number of employees: 1,100 Became 100% employee owned: 1990 Learn more Messer – Company History Lane Report – ESOP Can Spell Succession Success (2017) Dayton Daily News – Cincinnati-based Messer Construction pushes employee ownership bill (2016) Employee Owned Small Businesses in Construction Employee Owned Small Businesses in Kentucky