100% Employee-Owned

/Tag: 100% Employee-Owned

Capital Lighting becomes 100% employee owned

Lighting and mirror manufacturer Capital Lighting is now 100% employee owned. The Flowery Branch, Ga.-based company announced its Employee Stock Ownership Plan (ESOP) effective September 28. Owners Mary Lou and John Lewis made the formal, surprise announcement to employees on Tuesday, Oct. 30 in a companywide breakfast meeting at its corporate office. The ESOP effectively

Sun Light & Power transitions to 100% employee-owned

After more than 40 years in business, California’s Sun Light & Power announced the implementation of an Employee Stock Ownership Plan (ESOP) giving 100% ownership to the company’s 80+ employees. The transition supports the company’s belief in its greatest differentiating assets: its people. “For 42 years, I have proudly owned the company. Now, it’s time

Wood waste processing leader Bandit goes 100 percent employee-owned

Bandit Industries announced on June 7 they would sell 100 percent of the company to their employees in an employee stock ownership plan (ESOP).  Under the ESOP, Bandit, a maker of woodchippers and other wood waste processors, will retain its current leadership. The announcement comes after two previous attempts to sell Bandit Industries – once to

Kathryn Brewer Acquires Leading Edge Avionics – Will Make it 100% Employee-Owned

Leading Edge Avionics, one of Southern California's most trusted and experienced aviation brands, announced today that current CEO Kathryn Brewer has acquired the company and will give an ownership stake to employees later this year through an employee stock ownership plan (ESOP). Brewer acquired Leading Edge from aviation entrepreneur Mike Manclark, who is known for