Employee Ownership

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Loftness in Hector becomes employee-owned

Loftness Specialized Equipment Inc. based in Hector, MN has joined an employee stock ownership plan. Through this change, the manufacturer of agricultural and vegetation management equipment is now 100 percent employee-owned. “Our employees, as well as the entire community of Hector, mean very much to us so we’re excited to present them with this new

Building Workers’ Wealth in Cities and States

Every year, millions of Americans benefit from employee ownership and broad-based profit-sharing plans that ensure workers receive a share of the wealth that they help create. These programs—which reward workers based on a company’s collective performance rather than workers’ individual performance—help raise wages and boost wealth among American workers. Moreover, research shows that broad-based sharing

France is making start-up friendly reforms to lure tech talent and take on Silicon Valley

French President Emmanuel Macron will announce plans to reform the country’s rules on employee stock options. Such compensation schemes give employees the chance to acquire a slice of the company they work for. It comes after 500 European start-up founders warned of a “brain drain” of the best and brightest in Europe. France is bringing in new rules

Loftness Becomes 100-Percent Employee Owned

As of January 1, 2020, Loftness Specialized Equipment, Inc. has joined an employee stock ownership plan (ESOP). Through this change, the Minnesota-based manufacturer of agricultural and vegetation management equipment is now 100-percent employee owned. “We’re proud to become 100-percent employee owned,” said Gloria Nelson, president and CFO of Loftness. “Our employees, as well as the

Palmer Holland Converts to Employee Stock Ownership Plan

Palmer Holland converted to a privately held Employee Stock Ownership Plan (ESOP) with an ownership team made entirely of employees. While Palmer Holland was a private company prior to the transition, this move solidified the organization's goal to remain an independent specialty chemical and ingredient distributor for the long term. While others in the sector have

Employee Shareholders Have Alternatives To Manage Their Pre-IPO Stock

Over the past 30 years of my career in startups, I have assumed the role of an investor, employee, executive and board member — all of which have been incentivized and compensated by varying levels of private company stock and options. This has provided me with incredible insights into the complexities of stock and option

PAQ Inc. Turns to ESOP for Food 4 Less Stores

PAQ Inc., an independent franchisee of Food 4 Less operating 20 stores in central and northern California, has created an employee-owned stock ownership plan (ESOP) in light of the retirement of owners Patricia and John Quinn. Business partner Glenn Evans will remain with the company as chairman of the board. The three partners founded the business in

Valuation Helps Set Plan for Succession Transitions

Cash flow is the lifeblood of any business, but for owners who want to pass their companies onto the next generation of leadership, it holds even more importance. When it comes to making the transition of a business from one generation to another – or selling it to another company – the valuation is one

Eileen Fisher built a fashion empire. Her employees now own nearly half of it

For many entrepreneurs, the ultimate goal is to take their company public. But for fashion designer Eileen Fisher, staying private and giving her employees a share of the business has allowed her to carve her own path to success. Fisher personally owns 60% of the company that shares her name, while the remaining 40% is

Company in Allentown now 100% employee-owned

It's called the endowment effect. Simply put, you care more about the things you own. And now, some employees in Allentown are having that same feeling. After 36 years in business in Allentown, employees at Andesa Services received quite the gift to start the new year. All 165 employees now own 100% of the company. "They will have

Pride & Service Elevator Becomes 100% Employee Owned

Pride & Service Elevator, Inc. has completed a transaction to become 100% employee-owned through its newly created Employee Stock Ownership Plan (ESOP). The Company was founded in 1983 in New York, NY, and has been designing, maintaining, modernizing and repairing elevators for 36 years throughout New York and New Jersey. The Company has been owned and managed by The Todd

SCJ Alliance Is Now 100 Percent Employee Owned

With the graying of America, many businesses are looking towards what comes next. Nationwide founders, creators, officers and owners are researching transition options as retirement age approaches. For SCJ Alliance , the choice was clear, though not exactly simple. They decided to keep the business in the family, so to speak, by becoming 100 percent employee owned,

Selling a business to an ESOP offers more than just financial benefits

Business owners who decide to sell their company to an employee stock ownership plan (ESOP) often say they do so not just for the significant tax advantages, but to preserve their legacy. “They really want the business to survive them, especially if their name is on the door,” says Jim Altman, Middle Market Pennsylvania Regional

Barrio Brewing Company turns business over to employees

In an historic expression of gratitude as the annual season of gift-giving draws near, Barrio Brewing Company, the oldest craft brewery in the state of Arizona, today announced that it is transferring the entirety of the business' ownership to its employees through an Employee Stock Ownership Plan (ESOP) beginning in January, 2020. With this announcement, Barrio

SCJ Alliance Transitions to 100% Employee-owned Company

October was a month filled with excitement for SCJ Alliance employees and President/CEO Jean Carr. “I was privileged to announce to our employees that SCJ is now a 100% employee-owned company,” Jean shared. “Being a 100% employee-owned company is a way for our founders and previous owners to reward our employees for their dedication and

Employee Stock Options: Do Your Employees Use Them?

Employee stock options can help to secure the financial future of your workforce. But cost anxieties and the lack of information might be holding back participation in the employee stock ownership plan (ESOP). In this article, we discuss: The benefits of ESOPs for both employees and employers Five ideas to increase the participation rates Why

Bruce Lazear Lays Out The Anatomy Of An ESOP

Often, growing your company is not just about making money. It’s a part of your identity. "The idea of selling to a third party and being told it’s time to play golf for the rest of your life is terrifying to many,” Bruce Lazear says. “They don’t want to be irrelevant — and being rich

Insurance company announces employee ownership plan

Integrity Marketing Group, a private equity-backed distributor of life and health insurance products, on Tuesday told its 750 employees that they'll receive an aggregate payout of $50 million as a "recognition of their success" in growing the business. They'll also all become eligible for company stock, subject to 12-month vesting and continued employment. The big