News
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As further explained in this NCEO synopsis of the interview, Mr. Cuban has been a supporter of employee ownership for many decades. Read More About Mark Cuban’s Advice for Business Owners: “Give Employees Stock”
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Among other essential workers, Steven Richardson of ESOP-owned Big G Express (based on out TN) was honored by President Trump at a White House press conference last week. Read More About ESOP-Owned Big G Express Honored at White House Press Conference
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We have written before about how common it is for previously family-owned businesses to become ESOP-owned. Of course, it is also not uncommon for a business to be BOTH family-owned AND ESOP-owned (i.e., the ESOP owns only a part of the company). Read More About Georgia Theater Company: Family-Owned to ESOP-Owned
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The CEO of Bowling Green, Kentucky-based Houchens Industries announced his retirement this month. Houchens is an “ESOP holding company” which has 40 businesses and 16,000 employee owners and total annual revenue of more than $3 billion. Read More About ESOP Holding Companies as a Diversification Strategy
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Another Iowa Company Sells to an ESOP
Jan 9, 2020 | Timothy L. StewartBergen Plumbing, Heating and Cooling became 100% ESOP-owned as of the end of 2019. Read More About Another Iowa Company Sells to an ESOP