ESOP

Plastics News – NewAge becomes fully employee owned

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From Plastics News: The seeds for NewAge’s future as an ESOP were initially planted back in the ’80s, when Baker received a piece of literature about employee ownership. The concept immediately resonated with him. While the company already was sharing profits through a gain sharing program, he wanted to take it further to develop committed, […]

ESOP

Forbes – I’m Here To Tell You We Sold The Company

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From Forbes: After several years of research and consulting, Kris and his two partners were ready to convert Essential Ingredients to an Employee Stock Ownership Program (ESOP) and sell the company to its employees. After announcing it to the team, the 15th anniversary party quickly turned into a crash course on employee ownership and a day of […]

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 […]