Employee-owned company

/Tag: Employee-owned company

Company credits growth to ESOP structure

Established in 1960 by Gordon “Buck” Horbuck and his wife, Ira, B&I Contracting began the transition into an employee-owned company in 1986. It completed it in 1991. The move to what's commonly referred to as an ESOP, at least based on share price, has been nothing short of remarkable: privately-held shares of the company are now worth

MISys, Inc. Becomes 100% Employee Owned Through ESOP

Manufacturing Information Systems, Inc. (MISys), a leading manufacturing software solutions company based in Woodstock, VT has announced that the firm is now sharing beneficial ownership with employees by becoming 100% owned by an Employee Stock Ownership Plan (ESOP) Trust. As an employee-owned company, MISys, Inc. will continue to operate under the same business model. "The ESOP was a natural

Appvion employees grapple with losing $40 million in retirement funds

Nearly $40 million in retirement funds disappeared into thin air June 13 when the Appvion paper company was sold. Longtime employees found out that day that their heroic efforts to buy and save the company 17 years ago may have ultimately cost them their nest eggs. The amount lost varied among employees, with some losing as much

Tanimura & Antle adds more than $21 million to employee stock plan

Celebrating its first anniversary as an employee-owned company, Salinas, Calif.-based Tanimura & Antle has contributed $21.7 million to its Employee Stock Ownership Plan. Tanimura & Antle created the plan in February 2017, under Rick Antle’s leadership, to “recognize the company’s greatest asset, its employees,” according to a news release. “Tanimura & Antle was built on

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