Employee Ownership

//Employee Ownership

Volkswagen Can Cure Neurotic German Investors

Volkswagen AG and Siemens AG are two of Germany’s most important industrial companies. Both have suffered scandals in the past decade. But in at least one key respect they’re now poles apart.  If you asked an ordinary VW employee what the carmaker's share price is, I’d wager many couldn’t answer. But there’s a strong chance

DGK marking century of service

Many factors are responsible for the longevity of DGK Insurance and Financial Services, which will be celebrating 100 years of service on Saturday, Sept. 16. An independent broker located in Factoryville, DGK provides insurance coverage and other services to individuals, businesses and other entities. Through numerous disasters and catastrophes, DGK has been a major player

2017-09-15T05:56:23+00:00 Tags: , |

D&H Distributing Wins Five Industry, National, and Regional Awards Since June

D&H Distributing, the leading North American computer products and consumer electronics distributor, announces it has won a significant roster of national, industry, and regional awards since June of 2017, including a top-125 spot on Forbes magazine's list of America's Largest Private Companies. An ESOP (Employee Stock Ownership Plan) company and family-owned business with more than $3.5 billion

Newport Restaurant Group partners to launch national accreditation program for employee-owned companies

The Newport Restaurant Group announced today that it is helping to launch a national accreditation program for employee-owned companies called Certified Employee-Owned (Certified EO) “This is a major milestone for the Newport Restaurant Group and for all employee-owned companies,” said Paul O’Reilly, President and Chief Executive Officer of Newport Restaurant Group. “We’re big believers in

The Entrepreneurial Exit Strategy — Prepare Yourself

When you started your businesses early on, you were not likely planning to sell it. You had a big idea, a skill that no one else could quite match, a passion for changing the world in some way. And if any investor asked you about your exit strategy, you would placate them by noting the three giants

Hoosier Times to acquire Spencer Evening World, Ellettsville Journal

Hoosier Times Inc. has entered into an agreement to acquire Spencer Evening World Publishing, which publishes the Spencer Evening World, the Ellettsville Journal, Clay City News and Hoosier Topics of Cloverdale. “As a family company ourselves, we are honored that SEWP, an employee-owned, highly respected media company, would choose Schurz Communications to acquire this well

Invest in employees, diversify to meet the shifting landscape

In 1892, you might have needed insurance to protect livestock, the family farm and barns or a horse-drawn buggy. Over the past 125 years, Miers Insurance has provided peace of mind for personal, commercial and international insurance customers. The company has endured in an evolving world stage while maintaining its independent ownership, flexible product offerings

Westbrook agency joins ranks of Maine employee-owned companies

Ethos, a multi-platform branding and digital agency with 55 employees, announced today that it has established an Employee Stock Ownership Plan, joining a growing number of companies in Maine and nationally choosing the ESOP model for future growth. The ESOP transfers ownership of the just-under $10 million Westbrook company from a closely held LLC partnership

Davey Tree among nation’s largest employee-owned firms

The Davey Tree Expert Co. in Kent is the nation’s 13th-largest employee-owned company and the largest in Ohio, according to the National Center for Employee Ownership. The company is one of just two Ohio firms that made the 2017 “Employee Ownership 100” list put out by the organization. “The entrepreneurial attitude that accompanies employee ownership

Sen. Baldwin Looks To Boost Employee Ownership Of Companies

U.S. Sen. Tammy Baldwin is introducing a bill designed to boost the number of employee-owned companies in America. The Worker Owned Wealth Act would provide low-interest loans to workers who want to either buy a stake in the companies that employ them. Baldwin, D-Wisconsin, said the measure would be good for regional economies. "We want to see greater

Santa Maria’s Hardy Diagnostics makes Inc. 5000 list a sixth time

Hardy Diagnostics, headquartered in Santa Maria, has again earned its way onto the exclusive Inc. 5000 list. The Inc. 500 and Inc. 5000 recognize the fastest-growing private companies in the United States, and Hardy Diagnostics’ inclusion on the 2017 list marks the sixth time the medical device manufacturer has been honored by Inc. magazine. Making

Incentive-Related Pay Creates Positive Attitudes… If Done Right

Companies like Publix Super Markets have stood out as one of the “Best Places to Work” for years thanks to having what many call the best-in-industry employee benefits. Included in these benefits are stock options and bonuses tied to profits, which are popularly believed to increase employee motivation and thus retention. On the contrary, however, employees

Employee-owned companies can encourage shared prosperity

I’ve been doing a lot of listening lately. My new role at Assets, where I started working in February, enables me to listen in on two timely community conversations. One is about attracting and keeping top employees and the other is about alleviating poverty and lessening inequality. This is what I’m hearing. Businesses are focused

Why private equity is investing in ESOP-controlled companies

Employee-owned companies are among the best investments because of their outsized returns, but for private equity investors, buying these firms has traditionally been out of reach. Now, however, some PE investors are leveraging an innovative financing structure to share in the rapid growth of these companies through warrant transactions. S Corporation employee stock ownership plans

Poblocki Paving employees become owners

The 181 employees of West Allis-based Poblocki Paving Corp. now own the company.  Owner John Poblocki, who started the company 49 years ago, recently formed a 100 percent Employee Stock Ownership Plan. The asphalt paving and snow removal company was sold to the ESOP, a qualified retirement plan, and John Poblocki received the undisclosed proceeds.

2017-08-27T14:41:56+00:00 Tags: , |

Labor Department secures $5 million for ESOP members of Manhattan laser surgery center

The U.S. Department of Labor announced Aug. 16 that the owner of a Manhattan laser surgery center will pay $5 million to its employee stock ownership plan (ESOP) after allegations of violating the Employee Retirement Income Security Act of 1974 (ERISA) by creating false company valuations. “Accurate company valuations are critical when it comes to

Are Employee Stock Ownership Plans the key to better mortgage finance companies?

An Employee Stock Ownership Plan, ESOP, isn’t new to the finance world. Companies across all industries take advantage of ESOPs. But while the idea dates back, Gellert Dornay, president and CEO of Axia Home Loans, which became 100% owned by its employees back in September 2016, gave a unique perspective on how this type of plan could be

Riverford to become employee owned in 2018

Riverford Organic Farmers is celebrating its tenth anniversary of farming in Northallerton and has revealed that it is to become employee owned in 2018. The company is celebrating its tenth anniversary of farming at Home Farm at Newby Wiske, near Northallerton, and 30 years of farming in the UK. Home Farm is one of four

Employee ownership is secret sauce at rapidly growing Burns & McDonnell

 Gene Sieve, a native of Adrian in southwestern Minnesota and an engineering graduate of South Dakota State University, spent his first decade in business working for Burns & McDonnell in Kansas City, Mo. Sieve left the engineering and consulting company for a decade to work for a couple smaller firms before B&M offered him a

2017-08-23T09:26:12+00:00 Tags: , |

AVI Systems Acquires Dascom Systems Group – Commercial Integrator

Dascom Systems Group is a full-service integrator of IPTV services, including IP networking, video, applications and integration. Under terms of the acquisition, AVI Systems will operate the company as Dascom Systems Group from St. Paul, Minn., location will retain all employees, according to a joint announcement from the two companies. “We have been interested in

2017-08-21T05:48:23+00:00 Tags: , |