ESOP

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Hunter-Davisson Becomes 100% Employee-Owned

On October 19, 2020, FMI Capital Advisors announced the transfer of ownership of Hunter-Davisson, Inc. (“Hunter-Davisson”) to company employees via the Hunter-Davisson, Inc. Employee Stock Ownership Plan (“ESOP”). In this transaction, Hunter-Davisson became 100% employee-owned. FMI Capital Advisors was the exclusive financial advisor to Hunter-Davisson for this transaction.

Based in Portland, Oregon, Hunter-Davisson is

Merrick’s Employee Ownership: What’s the Secret Sauce?

Merrick’s employee ownership journey started at the beginning of our company, with Founder Sears Merrick. In fact, the first stock transactions in Merrick’s history were recorded in the year we were incorporated, 1959. Sears had a theory that anyone who worked for themselves would work that much harder (and he was right!). From

Committed to Using Business As a Force For Good, Fireclay Tile Announces Significant Expansion of Employee Ownership

Fireclay Tile, the socially responsible California tile maker with a mission to do good, today announced a significant expansion to Employee Ownership. As the first and only Certified B Corp™ tile maker and the first Climate Neutral Certified tile company, Fireclay Tile strives to galvanize others in the industry to build a better version of capitalism

Northern Tree Service Transitions To Employee Stock-Ownership Plan

Northern Tree Service Inc. announced it has transitioned the ownership of its business lines over to an employee stock-ownership plan, or ESOP.

The Lazear Capital Partners team worked with the management of Northern Tree Service to design a custom solution that included employee benefits, financial flexibility, and maximum tax advantages.

Founded in 1932 by Walter Cambo, the

CEM Machine announces it will become employee-owned manufacturer

CEM Machine Inc. announced to its employees Thursday morning that the privately held manufacturer has been bought out and will become 100 percent employee-owned.

President Mark D. Robinson, who has been an owner of CEM since 2000, gathered about 30 of the company’s 55 total employees outside the West End Avenue facility — in

Harken Inc. founders decide to sell to employees

Peter Harken, the co-founder of internationally-renowned sailboat hardware and accessories manufacturer Harken Inc. in Pewaukee, says he and his late brother Olaf Harken rejected overtures from at least 50 potential acquirers over the years but now it’s time to “pass the baton.”

Harken, 83, who is the company’s chairman, announced

Don’t Wait to Begin Business Succession Planning

A common and costly mistake when it comes to business succession planning is not starting the process early enough. By waiting too long, an owner runs the risk of not having the right people in place to run the business, as well as having much of the business’ value consumed by estate taxes. Either misstep

Greenfield Company Goes Employee-Owned

A Greenfield-based specialty underground contractor has switched its ownership status. Midwest Mole Inc. says it has transitioned to an Employee Stock Ownership Plan following the retirement of second-generation owner and Chief Executive Officer Dan Liotti.

The company, which provides boring, trenchless tunneling, and directional drilling services throughout the Midwest, has been family owned since

Erie Company Becomes 100 Percent Employee-Owned

An Erie-based company has completed its transition to a 100 percent employee-owned business.

Officials from Onex, an industrial furnace company, announced the creation of a new Employee Stock Ownership Plan (ESOP) at a company event on August 21. Company officials say the transition secures the Onex’s future in Erie.

“Being 100 percent employee-owned rewards our hard-working employees,

Applewood Seed Company Announces Employee Stock Ownership Plan

Gene Milstein, founder, and his wife, Dee Milstein, co-owner of Applewood Seed Company, announce the formation of an Employee Stock Ownership Plan (ESOP), transferring significant ownership of the company to current and future employees.

As part of a comprehensive succession plan, the Milsteins formed the ESOP to implement their goal of keeping Applewood Seed as a

Employee ownership, the wealth gap, and the current crisis

Sen. Ron Johnson (R-Wis.), one of the most conservative members of Congress, and Rep. Alexandria Ocasio-Cortez (D-N.Y.), one of the most liberal, have both introduced sweeping proposals to broaden employee ownership in the U.S. That surprising fact testifies to just how practical—and urgent—this idea is.

Too many Americans have too

Avion Solutions Announces Transition to 100% ESOP

Avion Solutions, Inc. is proud to announce it is now a 100% employee-owned company. This announcement of the sale to the Employee Stock Ownership Plan (ESOP) was made on July 31, 2020 to employee owners.

“Since we became an ESOP company in 2007 our goal has always been to be a 100% employee-owned ESOP,” said Chad Donald,

Millionaires’ numbers keep rising at Stewart’s Shops

Stewart’s Shops said Tuesday it distributed an additional Employee Stock Ownership Plan dividend to its participating employees. The amount represents 4.5 percent of employees’ ESOP balance at the end of 2019.

The company said the employees, which it calls Partners, can either take the dividend as a cash payout or roll it over into their ESOP

Employee Stock Ownership Plans and Their Effect on Productivity: The Case of Huawei

Employee Stock Ownership Plans (ESOPs) are utilized by many successful companies across the world. This case study describes Huawei, a Chinese telecommunications equipment company, which heavily utilizes ESOP ownership, and applies Huawei’s results to describe ESOPs as a powerful tool for achieving corporate efficiency and growth. Using and analysis of Huawei’s annual reports, we argue

Saratoga County-based company now boasts 88 millionaires on paper

Stewart’s Shops, the chain of convenience stores found across the Capital Region and beyond, has seen gas and coffee sales drop during the COVID-19 pandemic in keeping with the decreased commuter traffic.

But the shops are selling more dairy and grocery items, spokeswoman Erica Komoroske said. That includes milk, butter, eggs and packaged ice cream.

Komoroske said