Employee Ownership

Home/Publications/Employee Ownership

ESOP Company of the Year

SJE-Rhombus was named the 2017 ESOP (Employee Stock Ownership Plan) Company of the Year during the annual ESOP Association Conference in Washington, D.C. SJE-Rhombus was one of 18 finalists considered for the prestigious award. The company previously was awarded the Silver ESOP Award from The ESOP Association for maintaining its ESOP for at least 25 years.

2017-05-26T02:51:57+00:00 Tags: , |

Colorado bill to encourage, help fund employee-owned companies becomes law

Aging small business owners who would like to leave their companies to their employees rather than sell them to an outside interest will have state-sponsored help in doing so, under a bill that was signed into law Thursday morning by Colorado Gov. John Hickenlooper. House Bill 1214, sponsored by Rep. James Coleman, D-Denver, mandates the

2017-05-20T14:58:13+00:00 Tags: , |

Senators look to take Vermont worker-owner effort nationwide

Vermont’s two U.S. senators have introduced legislation that would incorporate Vermont ideas on a national level to spur the creation of more employee-owned businesses. Sens. Patrick Leahy, D-Vt., and Bernie Sanders, I-Vt., along with freshman New Hampshire Democrat Maggie Hassan, introduced two bills late last week aimed at expanding the number of small employee-owned ventures.

2017-05-20T14:21:23+00:00 Tags: , , |

Workers at employee-owned business more optimistic than other workers

Today, the Employee-Owned S Corporations of America (ESCA) released a survey by John Zogby Strategies that finds employees who work at private, employee-owned companies are more confident about their jobs and less anxious about their financial futures than other workers. The survey underscores a key benefit of employee stock ownership plans (ESOPs) which economic research

2017-05-22T09:47:39+00:00 Tags: , |

Flipkart Takeover May Leave Snapdeal’s Employees Richer

With the Flipkart and Snapdeal merger on the verge of completion, reports suggest that Snapdeal will offer its staff a $30 million (Rs. 193 crore) bonanza upon the completion of the deal. This news came out 3 days after Snapdeal agreed to sign a non-binding Letter of Intent (LoI) for a merger with the fellow

2017-05-21T08:07:46+00:00 Tags: , , |

Sharing the wealth: ESOPs offer business owners an exit strategy, if they plan ahead

When Mark Lindquist purchased Rapid-Line Inc. in 1989, he completed the transaction with a strategy for exiting the business already in mind.  Shortly after signing the paperwork to acquire the Wyoming-based contract manufacturer, Lindquist established an employee stock ownership plan (ESOP) to cement a clear path for his eventual retirement. “The challenge in all small

SJE-Rhombus Named 2017 ESOP Company of the Year

SJE-Rhombus, manufacturer of pump control solutions for the water and wastewater industry, was awarded the 2017 ESOP Company of the Year award for the Minnesota/Dakotas Chapter of the ESOP Association. The award was presented to employee owners at the chapter's spring meeting in Minneapolis, Minnesota. This award is presented annually to one of over 100

2017-05-14T16:14:36+00:00 Tags: , |

Gardner Denver celebrates IPO, gives employees $100 million in stock

Gardner Denver, a Milwaukee-based industrial company, made a splash Friday on Wall Street and also in the homes of its more than 6,000 employees around the world who were surprised to learn they're among the new owners of the company. Shares of the newly minted stock worth a total of $100 million were granted to Gardner Denver employees

2017-05-14T16:08:19+00:00 Tags: , |

Legislative Package Introduced to Encourage Employee-Owned Companies

WASHINGTON - Sen. Bernie Sanders (I-Vt.), along with Sens. Patrick Leahy (D-Vt.), Kirsten Gillibrand (D-N.Y.) and Maggie Hassan (D-N.H.), introduced two pieces of legislation Thursday to help workers around the country form employee-owned businesses. Broad-based employee ownership has been proven to increase employment, productivity, sales and wages in the United States. Employee ownership boosts company

Encourage economic growth through employee ownership

What’s an Employee Stock Ownership Plan? It is a like a stock offering for employees only. It requires no funding from employees, yet it allows companies to remain locally owned while giving employees a direct and meaningful stake in the performance of the business. The Employee Stock Ownership Plan is a way to reward people

Morton Buildings, Inc. Becomes 100% Employee-Owned

Morton Buildings, Inc., the industry leader in post-frame manufacturing and construction, announced today that 100% of the company is now owned by its employees. Prior owners sold their shares to the employees’ Employee Stock Ownership Plan (ESOP) Trust, giving current and future employees full ownership of the company. As an employee-owned company, Morton Buildings will

Wholly-Owned Employee Stock Ownership Plan S Corporations | The National Law Review

Employee Stock Ownership Plans (“ESOPs”) promote employee ownership, facilitate business succession plans, and provide a retirement tool for owners of closely-held businesses. In 2014, approximately 22.9 million Americans owned shares of their company under a 401(k) plan, an ESOP, stock grants, or other similar plans. As a direct result of employee ownership, ESOP companies are

2017-05-09T19:34:20+00:00 Tags: , |

How the Owner of One Landmark Restaurant Secured His Employees’ Future

Grand Central Oyster Bar, the century-old seafood restaurant in New York City’s Grand Central Terminal, is iconic. Diners revere the New York City landmark as much for its intricately tiled ceiling and oyster pan roast as its longevity, but the Oyster Bar, which won the Design Icon Award at Monday’s James Beard Awards, deserves recognition

2017-05-06T04:40:14+00:00 Tags: , |

MTSI Transitions to Employee-Owned Structure

Modern Technology Solutions Inc. has become a 100 percent employee-owned company after the Alexandria, Virginia-based engineering services and technology services contractor completed an employee stock ownership plan launched in 2008. Kevin Robinson, CEO and president of MTSI, said in a statement released Tuesday that the move to a full employee-owned structure seeks to help MTSI maintain

2017-05-05T06:13:01+00:00 Tags: , |

Modern Technology Solutions, Inc. is now 100% Employee Owned

Modern Technology Solutions, Inc. (MTSI) is proud to announce it is now officially 100% employee owned. The distinction represents the completion of an employee stock ownership plan (ESOP) initiated in 2008 for MTSI, an engineering services and technology solutions provider for the defense industry, intelligence community, and commercial markets. MTSI has generated revenue gains every

2017-05-03T02:33:54+00:00 Tags: , |

Fox Bros. Piggly Wiggly adopts employee ownership plan

Fox Bros. Piggly Wiggly Inc., a chain of seven grocery stores in Milwaukee’s suburbs, said Tuesday it is adopting an employee stock ownership plan to chart the future ownership of the business and help the company compete in the region’s super-competitive grocery market. Owners Pat and Lori Fox said there were a number of reasons they decided

2017-05-03T02:39:29+00:00 Tags: , |

Employee Ownership Companies Laid off Half as Many Workers as Other Firms During the Last Recession

Establishing the first conclusive link between broad-based employee stock ownership and increased employment stability, a study co-authored by Rutgers School of Management and Labor Relations Distinguished Professor Douglas Kruse finds that companies with employee stock ownership had only half as many layoffs as other companies during the last two recessions. The findings appear in the

Robotics company ATI plans to add 275 employees in Apex | News & Observer

Robotics parts maker ATI Industrial Automation plans to add 275 employees over the next four years in conjunction with a major expansion of its factory and corporate headquarters in Apex. The employee-owned company’s revenue has been growing at a 20 percent annual clip in recent years, prompting it to invest a projected $6 million to

2017-04-23T11:35:48+00:00 Tags: , |

VHV Company becomes employee-owned | Vermont Business Magazine

Vermont Business Magazine VHV Company, based in Winooski, announced today the establishment of an Employee Stock Ownership Plan (ESOP), which effectively transfers ownership of the company to all employees. David Brown, President of VHV Company, sold his ownership interest to the newly created Employee Stock Ownership Trust, allowing employees to gain the benefit of ownership

2017-04-22T04:21:20+00:00 Tags: , |

Dealership group gains an edge from ESOP

In mid-2015, Van Horn Automotive Group's leaders discussed how to attract and retain talent, increase store count and keep family control of the business. They decided to become the first partially employee-owned car dealership group in Wisconsin, said COO Teresa Van Horn. The group's 400 full-time employees own 30 percent of the company as part