One way that ESOPs or EOTs may grow in value and size, is through the acquisition of companies. These acquisitions may be bolt on acquisitions that expand existing services in a new geography, or they may be companies that provide a diversification in services and client base as a means to diversify risk of customer concentration. In many cases the acquired companies may not have considered becoming an Employee Owned Company, but do so as part of the acquisition. This may help explain why the number of ESOP companies remain relatively constant in the US, the number of employee owners continues to increase. See 2025 NCEO Blog on New Data on ESOP Companies Acquiring Non-ESOP Companies. This post will attempt to aggregate news stories from various sources to help illustrate the acquisition growth aspect of ESOP companies:
Updated February 23, 2026
February 23, 2026, Catamount acquires Freese Johnson, The move strengthens Catamount’s national platform, expands its operational presence in the Southeast, and enhances its ability to deliver construction solutions across healthcare, commercial, senior living, and student housing sectors. Company leaders said the acquisition aligns with Catamount’s long-term growth strategy and deepens its capabilities in key high-demand markets. The acquisition of Freese Johnson reinforces Catamount’s commitment to sustained national growth while maintaining its employee-owned structure.
February 20, 2026, Rayser Holdings acquires Skunk River Block & Pallet, Darlene Van Hall said in a statement that the family selected Rayser Holdings as the buyer because of its commitment to employee ownership and preserving the company’s legacy. “When we decided to exit the business that we built and nurtured for over 40 years, we chose to work with Rayser Holdings,” Ms. Van Hall said. “We selected Rayser Holdings because we wanted to give back to the employees who helped our family build this business, and we wanted to see its legacy continued.”
February 13, 2026, Nobis Group acquires Northeast Civil Solutions, “We are thrilled to welcome the talented team at Northeast Civil Solutions in Scarborough, Maine into our employee-owned organization at Nobis,” shared Chris Adams, PE, President & CEO of Nobis Group. “Bringing the teams together represents a strong strategic and cultural fit for Nobis. In addition, expanding our footprint allows us to provide multi-disciplinary services to the many loyal clients of NCS in the Southern ME/NH Seacoast area.” This marks the second acquisition in three months for Nobis, having acquired Richard D. Bartlett & Associates, a small land surveying firm in New Hampshire, in December.
February 13, 2026, Aberdeen Dynamics acquires Texas Sealing Distributor, ETS employees will join Aberdeen’s employee-ownership model under the deal; “We are excited to welcome the ETS team into Aberdeen,” Aberdeen Dynamics President Mike Spanier said in a statement. “Their strong reputation in sealing solutions and technical support aligns perfectly with our commitment to providing customers with reliable, high-value solutions.”
February 12, 2026 an ESOP to ESOP acquisition, Border States to acquire WEDCO, We are excited for this opportunity to expand into Nevada and to do so with such an outstanding company — an ESOP, fueled by a great team of employee-owners” added Jason Seger, President and CEO of Border States. “Our coming together represents a great opportunity for the employee-owners of WEDCO, for customers and for vendors. I’m excited for the success we will deliver together as we combine our network, scale and overall resources with their local relationships and know-how as the most trusted name in the Reno area.”
January 28, 2026, Advanced Turf Solutions acquires Long Island, NYC distributor, Through the acquisition, customers will have access to ATS’s robust product catalog and benefit from its logistical and technological capabilities, which include the ATS Shop, the company’s new online store.
January 22, 2026, Boyd Engineering transitions to Boone and Boone, The move to Boone & Boone also highlights a key distinction: the company is employee-owned. This structure ensures that decisions remain focused on long-term customer relationships and sustainable growth rather than short-term financial gains.
January 12, 2026, ONEX acquires Upstate Refractory Services, “Upstate’s decision to sell to ONEX reflects a shared belief in long-term thinking and people-centric leadership,” said Patrick Laskey, President and CEO of ONEX, Inc. “This acquisition allows us to grow responsibly while supporting our team and customers who made Upstate what it is today.” “For our customers, the day-to-day experience doesn’t change,” said Nolan. “The same people, the same standards, and the same commitment to quality remain. What’s new is the added support, resources, and long-term expansion opportunity that come with being part of an employee-owned organization.”
January 12, 2026, Thompson Holding Inc., acquires Sourcetoad, For Sourcetoad, it’s an opportunity to continue scaling up its 60-person firm from its Tampa headquarters while also giving its employees an ownership stake through an employee stock ownership plan, or ESOP. As a parent company, Thompson Holdings also provides corporate services, ESOP governance, and capital investment strategies for its subsidiaries, the release states.
January 8, 2026, SSC CPAs + Advisors merges with Harrison Henderson, For SSC CPAs + Advisors, the partnership supports market expansion and reaches new industry sectors. For Harrison Henderson, the transition to employee ownership will reward employees and maximize future career opportunities.
December 17, 2025, The Resorts Companies acquires Keyholder Vacations, Both companies share a deep commitment to hospitality and leadership excellence. The Resorts Companies’ core values taking care of guests, property, team, and align seamlessly with Keyholder Vacations’ core values of Excellence, Integrity, Ingenuity, Synergy, and Kindness. This shared foundation ensures a unified future based on trust, service, and innovation.
December 5, 2025 Franklin Building Supply Acquires Snake River Truss and Components Franklin Building Supply (“FBS”), a nearly 50-year-old, 100% employee-owned building materials company, today announced the acquisition of Snake River Truss and Components (“SRT”), a well-established truss manufacturing facility in Idaho Falls. The acquisition represents a significant milestone in FBS’s strategic expansion into Eastern Idaho and positions the company to better serve the region’s growing construction market.
December 2, 2025, Stellar Industries Acquires Elliot Equipment Co, “Stellar has always pursued growth opportunities that align with our culture, vision and commitment to excellence,” Stellar President Dave Zrostlik says. “The addition of Elliott Equipment Co. represents an exciting step forward as we continue to build upon our shared values of quality, innovation and customer service. We’re proud to welcome Elliott to the Stellar team.”
November 18, 2025, 3LS acquires IntrustIT, “This acquisition is a testament to the culture that we’ve created over 33 years,” said Tim Rettig. “From the very beginning, 3LS has wanted to maintain that culture and support us for the long haul as opposed to a private equity approach to grow us for a few years, then turn us over while making a whole lot of changes in the process. That’s not what we wanted for our team or for our amazing clients.
October 31, 2025, IPS Acquires J&R Schugel, Both IPS and JRS are 100% Employee Owned, Dave Gibbs, IPS CEO and chairman, stated in a news release, “Adding JRS to the IPS family expands the capabilities and services that we can jointly provide to our respective customers while also creating new exciting opportunities for our employee owners.”
October 13, Hensel Phelps acquires Transcend, “This acquisition is a unique opportunity to empower our entire organization while undergoing transformational growth,” said Mike Choutka, Chairman and CEO of Hensel Phelps. “By integrating Transcend’s proven leadership platform and expert team, we’re amplifying every aspect of the employee experience and supercharging our strategic vision.”
September 8, 2025, American Systems acquires Epsilon, “Acquisitions are an important element of our growth strategy, and we work hard to ensure that we select companies that are a good fit for us, both strategically and culturally,” said John Steckel, AMERICAN SYSTEMS’ President and CEO. “Epsilon shares our commitment to supporting national priorities, and their culture will mesh well with ours. This acquisition marks an important milestone in our strategic growth, broadening our customer base and deepening our ability to support them in their efforts to modernize and transform securely, rapidly and efficiently.” “Joining AMERICAN SYSTEMS allows us to take everything that we have built over the past sixteen years and make it even better.” said Peter Penzell, CEO of Epsilon. “Expanding on what we have built while giving our employees the opportunity to become employee-owners in AMERICAN SYSTEMS creates an amazing opportunity for everyone.”
September 4, 3LS INC. announces acquisition of 40 Million Owners, “We are thrilled to have 40 Million Owners join our 3LS [employee-owned] family of companies,” said 3LS, Inc. CEO, Eric Strickland. “Co-founders Mike Brady and Michael Morosi recognized a critical gap in the market for leaders of employee-owned companies seeking to grow through acquisitions. They created 40 Million Owners to meet that need, and in doing so have gone beyond filling a gap—they are powering the next chapter of employee ownership growth.”
August 15, 2025, OneCompass acquires Koleaseco, “Their team and capabilities are a great addition to the Hyway network and will play a key role in speeding up our shared vision for national growth,” OneCompass Chairman and CEO Matt Hartman said in the release. “We’re especially pleased to integrate their people into our employee ownership model, where they can help shape the future and share in the success they contribute to.”
July 28, 2025, Katz, Sapper & Miller, acquires Michael Silver, “We are excited to welcome MichaelSilver to the KSM family. MichaelSilver was a natural fit for our firm – not just because of its depth of talent and complementary services, but because of our shared culture and values,” said Tim Cook, KSM CEO and president. “Given our existing team of a dozen remote employees and many valued clients in Chicagoland, establishing a dedicated KSM office in the region will further solidify our presence in the Windy City. This move strengthens our relationships, opens the door to new opportunities for growth, talent, and impact, and supports many of KSM’s strategic goals.” MichaelSilver brings 60 professionals and 14 partners to KSM, including co-managing partners Larry Isaacson and Jennifer A. Barliant, who will continue to lead KSM’s new Chicagoland office. Eligible MichaelSilver employees will become employee-owners through participation in KSM’s employee stock ownership plan (ESOP), gaining a direct stake in the firm’s ongoing success.
July 16,2025, Midwest Molding acquires Thomas Tool & Mold, Midwest Molding operates as a 100% employee-owned company, while Thomas Tool & Mold brings over 30 years of specialized tooling expertise. Stahl confirmed that all employees will be incorporated into the Employee Stock Ownership Plan (ESOP). “We have seen a positive buy-in from our employees after becoming an ESOP because they know they are benefiting from the company doing well,” he said. “Employee retention has improved, as well. We have used Thomas Tool for a very long time, so we knew their culture would mesh well with ours.”
July 15, 2025, Vivos Holdings and Nice-Pak to Combine Operations, Vivos Holdings, a portfolio company of Emprise Group, a 100% Employee-owned ESOP holding company has announced it will combine operations with Nice-Pak Products, a global leader in health and wellness wipes. The transaction will create one of the world’s largest private brands and co-manufactured hygiene and personal care companies. “We are thrilled to welcome Nice-Pak to the Emprise family of companies as part of Vivos,” said Koulouris. “This partnership allows us to further diversify our investment portfolio, enhance our existing investments in the health, hygiene and personal care manufacturing sector, and deliver greater value for our customers and employee-owners.”
July 11, 2025, Harps to purchase Janes Super Save Foods, “We are thrilled to welcome James Super Save Foods into the Harps family,” said Kim Eskew, chairman and CEO of Harps Food Stores. “This acquisition reflects our commitment to expanding our footprint and providing excellent service in communities across the region.” Harps is a 100% employee-owned company that operates 149 stores in six states, including Arkansas. Harps is the largest employee-owned company in the state and was founded by Harvard and Floy Harp in Springdale in 1930.
July 6, 2025, Talbots Law acquires Tinsdills Solicitors, Dave Hodgetts, CEO of Talbots Law said: “Since becoming an Employee-Owned Trust (EOT) in 2021, we’ve been focused on both organic and acquisitive growth to accelerate our presence. “This deal takes our combined turnover to over £40m turnover and expands our footprint to 19 offices.
July 4, 2025, Ison Harrison acquires Savage Crangle, Ison Harrison Managing Director Jonathan Wearing said: “Our goal has always been to deliver accessible, expert legal support in the heart of local communities. Bringing Savage Crangle into the Ison Harrison family not only expands our geographical footprint but also enriches our offering with their highly respected team.” Ison Harrison transitioned to employee ownership in 2022 and, since then, has nearly doubled its turnover and opened seven new offices following a string of strategic moves.
July 4, 2025 Darcy Group, transitions to employee ownership via an EOT. Richard Proctor, group managing director of the Darcy Group, said: “Becoming an Employee Ownership Trust is a proud and emotional milestone. “This business has always been about the people who make it what it is, and this move is a way to recognise their hard work, commitment, and belief in what we do. I’m genuinely excited for the future, knowing that our team will have a real stake in shaping it and continuing with the values that have always driven the business.”
June 30, 2025, CCI Systems acquires Total Site Services, Brian Horton, the former CEO of Total Site Services, stated, “Joining forces with CCI Systems marks an exciting new chapter for our team at Total Site Services. We’ve built a strong foundation in the wireless industry, and this partnership allows us to scale our impact while continuing to deliver the high-quality service our clients expect. We’re proud to become part of an employee-owned company that shares our values and vision for the future.”
Troy Knuckles, Executive Vice President and COO at CCI Systems, stated, “This acquisition represents a significant milestone for CCI Systems as we continue to further diversify our service offerings. We are confident that the combined strengths of CCI Systems and Total Site Services will create new opportunities for growth and success for our customers. Our commitment to excellence and customer satisfaction remains unwavering as we embark on this exciting journey together.”
June 2, 2025, Radiance Technologies acquires Verus Research, “Radiance continues to invest in our future and the future of our customers,” said Bill Bailey, CEO of Radiance. “By joining forces with Verus Research, we add richer capability in a range of cutting-edge defense technologies while fostering our employee-ownership culture.” By bringing together two established contractors with deep relationships across multiple DoD agencies and programs, the acquisition significantly expands Radiance’s customer base. This broader customer portfolio creates new opportunities for cross-collaboration and enhanced service delivery.
April 5, 2025, PFS Brands acquires Moser’s foods grocery chain, PFSbrands uses an employee-owned business model via an employee stock ownership plan. “Employee ownership means every worker has a voice, and every customer interaction is handled with an owner’s mindset. That’s a powerful shift that leads to exceptional service and a stronger connection with the people we serve,” Burcham said.
April 4, 2025, Associated Architects, transitions to employee ownership via an EOT. Jukes said: “I am absolutely delighted to announce that we are securing our long-term independence and broadening ownership by becoming an Employee Ownership Trust. “Our people are our biggest asset, and this move enables us to ensure the company will be run in the long-term interest of our employees and will preserve the culture and values that have been the bedrock of five decades of success.”
April 3, 2025, Coborn’s acquires Kessler’s grocery stores in Aberdeen and Miller. Coborn’s is an employee owned company and Kessler’s employees will be eligible to participate in the company ESOP becoming themselves beneficial owners of their company.
March 31, 2025, Radiance Technologies acquires Phased n Research. “Radiance invests in people and technologies that move the needle for our customers and our nation,” said Bill Bailey, CEO of Radiance. “By joining forces with Phasedn, we strengthen our ability to provide advanced radar, modeling, and EW solutions while fostering our employee-ownership culture.”
March 28, 2025, OK Tire acquires Brian’s Repair Tire Services, “Bringing Brian’s Repair and Tire Service into our employee-owned company is a proud moment for OK Tire,” said Dana Sand, President of OK Tire Store, Inc. “Together, our employee owners are committed to delivering the exceptional service and reliability that customers trust, while fostering a culture of doing the right thing and community engagement that defines both our teams.”
February 25, 2025, Iliad Media Group acquires The Montana Radio Company, Darrell Calton, President and CEO of Iliad Media Group, expressed his enthusiasm about the merger, stating, “We are excited to welcome the employees of The Montana Radio Company into the Iliad ESOP family. Our shared values of employee ownership and community-focused broadcasting make this merging of radio cultures so promising.”
February 3, 2025, R&B Wagner acquires Midwest Stairs and Iron, Wagner is committed to sustainability and continuous improvement, providing the highest standards of quality and service. Wagner’s President and CEO, Michael Dover, emphasizes that “I, along with former Midwest Iron owner Howard Wurgler, see a bright future for a combined company within a 100% employee-owned structure to continue offering products of the highest quality to our customers. One of the key points of the acquisition is honoring our joint investment in our employee-owners here in Milwaukee for the fabrication of architectural metal products.”
January 30, 2025, DLR Group Acquires Boston-based Tsoi Kobus Design, he merger ensures the 40-year design legacy and continuity of Tsoi Kobus for its employees and clients, providing the firm with an expanded global platform to influence the next generation of healthcare and life sciences design. The firm will operate as DLR Group | Tsoi Kobus Design in Boston, and the 50 Tsoi Kobus employees will have the opportunity to invest in DLR Group stock and become employee-owners.
January 24, 2025, Empowered Ventures acquires Whitney Brothers, Joining Empowered Ventures reinforces Whitney Brothers’ commitment to quality and innovation. With the acquisition, Whitney Brothers’ employees join the Empowered Ventures ESOP, which owns 100% of Empowered Ventures and its operating companies. Empowered Ventures brings strategic assistance and resources to support Whitney Brothers’ continued growth and success.
January 9, Lampin Corp acquires Monalex Manufacturing, Lampin Corp is a 100% employee-owned company: “This acquisition strengthens our ability to serve customers with unmatched precision and speed while upholding the highest standards of quality,” said John Biagioni, President and CEO of Lampin Corporation. “We’re proud to bring Monalex’s exceptional team and legacy into the Lampin family. By welcoming Monalex employees as employee-owners, we’re building a stronger, more collaborative future for everyone involved.”
November 12, 2024, Varsity Brands, transitions to employee ownership via the KKR shared ownership model. “Our company’s strength is built on the dedication and passion of our team members. By making them owners, we’re not just sharing in our success—we’re deepening everyone’s connection to our mission and values, which includes serving as a catalyst for positive change,” said Adam Blumenfeld, CEO of Varsity Brands. “This program underscores our commitment to a culture where every contribution matters, and together, we’re shaping the future of team sports and school spirit.”
November 11, 2024, AVI Systems to acquire CCS Southeast, “It’s an exciting step to join one of the world’s leading AV systems integrators, AVI Systems,” said Doster. “Our companies have created similar work cultures for employees and we have always focused our attention on providing the best possible service and support to customers. AVI is a proven leader. To become part of this growing employee-owned company – with capabilities to serve clients anywhere in the world – makes great business sense.”
November 9, 2024, Moore Engineering acquires Lytle Water Solutions, The Lakewood team specializes in surface and ground water hydrology and modeling, water rights, environmental permitting, and water mediation assessments. These services complement Moore Engineering’s existing offering of water resources and environmental services and will enhance the expertise the company brings to new and existing clients.
November 6, 2024, Challenge-trg Group, transitions to employee ownership via an EOT. Commenting on the deal, Elan Iorwerth said: “Tom and Richard have created a successful business model built on the strength of its people, so transferring the company into employee ownership rewards everyone by giving them a direct stake in that success. We fielded a multidisciplinary team to cover the full span of corporate, banking and commercial aspects of the EOT and were pleased to guide Tom and the team in successfully transitioning the business to employee ownership.”
November 2, 2024, Stellar Industries acquires Elliot Machine Works, Brent and Brad Ekin, owners of Elliott Machine Works, shared, “We are thrilled to keep our legacy moving forward with Stellar, a highly esteemed company that shares our values. This partnership is a great cultural fit for our employees, and we’re excited for the new heights we can reach together. Stellar’s strong distribution network will allow our exceptional products to reach more customers, and we are especially happy that Stellar’s employee-owned structure means our employees will continue to thrive under new ownership.”
October 28, 2024, Rega, transitions to employee ownership via an EOT. According to Rega’s statement: “On this day, Roy Gandy gifted 100% of his shares (full ownership) of the company to a Trust to protect Rega long into the future. This incredible gesture, of which Roy Gandy receives zero financial gain, has allowed Rega to become an Employee Ownership Trust (EOT). Becoming an EOT has many advantages, however, the main reason is to protect our culture and decades of hard work. Becoming an EOT prevents the company being sold and potential buyouts (by the dreaded investors) whilst providing all staff with job security going forward.”
October 17, 2024, Davey Tree acquires Wise Oak, “Joining the Davey family will also provide our employees with employee-ownership opportunities to make them feel at home. We are committed to treating our clients and employees like family and are excited to join a company that shares the same philosophy,” Mosher adds.
October 4, 2024, Allegiance Retail acquires four Peck’s Markets, “Peck’s CEO Lee Reimer approached us in the winter of 2023 regarding a possible sale of the four stores after a vote by more than 200 associates at Peck’s,” PSK President and CEO Noah Katz said. “They wanted to sell, but only to a company that would continue to provide a good working environment for its people with the possibility of growth.” According to the release, Katz was told that Peck’s did not want to sell to a big box chain out of concern that the associates and communities they service would not be cared for in the same manner, and when Reimer presented the opportunity to sell Peck’s to PSK, the vote was a unanimous yes vote.
October 1, 2024, DigiCOPY acquires The Print Shop in Black River Falls, The Print Shop employees will also be integrated into DigiCOPY’s employee stock ownership plan (ESOP) from their first day, with years of service counted toward the ESOP. Integration efforts have already begun, including representation on the DigiCOPY ESOP team and participation in company events.
September 30, 2024, Stewart’s signs agreement to purchase Jolley Associates and SB Collins, “We are proud of what we have accomplished over the years and we are happy to know that Stewart’s is providing our employees an opportunity to have ownership in the business and will continue to treat them well,” said Bruce Jolley, president and co-founder of Jolley Associates.
August 30, 2024, Masters’ Supply acquires Dal-Rs, “This acquisition is a testament to our strategic growth vision and our commitment to investing in local communities,” said Nathan Wachtel, Executive Vice President & CFO of Masters’ Supply. “Integrating Dal-Rs into our employee-owned structure broadens our market presence and increases shareholder value, creating greater opportunities for all our employee-owners.
August 13, 2024, Axiom Consultants merges with Ruekert & Mielke, Joining R/M means employees at the Iowa-based firm have now become part of an employee-owned company. This merger not only integrates the two engineering organizations, but also opens up new avenues for career development and professional advancement. “We are thrilled to join the R/M family,” said Rob Decker, co-owner of Axiom. “This move provides our employees with exciting new prospects and an employee-owned culture that directly aligns their success with the company’s success.”
August 9, 2024, PSK Supermarkets acquires Peck’s Markets, one ESOP purchasing another ESOP. “We wanted to make sure that we would only consider a company to sell the business to if they were going to provide a good working environment for our people with the possibility of growth for the teams,” Reimer [Peck’s Markets] said. “We did not want to sell out to a big chain because we were concerned that they would not care about our people or the communities the way we do,” Reimer added.
August 9, 2024, Zink FoodService acquires Rep Concepts, “We are thrilled to have reached an agreement to have Stephanie O’Donoghue [founder of Rep Concepts] and her associates join the Zink team,” says Jim Zink, managing partner of Zink Foodservice, in a statement. “Her organization shares our core values, and most importantly, they will immediately augment our leadership, sales and client support teams in the Illinois and Wisconsin marketplace.”
August 5, 2024, Davy Tree acquires VanCuren Services and Midwest Land Clearing, “Now that we are with Davey, we are looking forward to seeing how our employees can get involved with employee ownership at Davey and how they can advance in their careers through trainings and promotions,” VanCuren said. “Our employees are central to our business, and their dedication does not go unnoticed,” said Harold Pierce, co-owner of Midwest.
July 23, 2024, OwnersEdge: Acquires Illinois-based Communications Direct, “I believe the ESOP model is one of the best ways to create a committed and engaged workforce where employees view their contributions as vital and impactful to the overall success and financial health of the business,” said Christine Adee, co-CEO of OwnersEdge. “We’re excited to welcome the employees of CommDirect to our business and are always looking to bring additional companies into OwnersEdge.”
July 22, 2024 RESA Power acquires PCA Valence RESA Power offers new team members immediate participation in the Employee Ownership Plan (EOP), provided they have reached, or will soon reach, a year of service with the newly acquired company within the current year. This initiative aims to foster collaboration and shared success across all divisions, empowering employees with a stake in the company’s long-term growth and success.
19 July, 2024, Accountor Software, transitions to employee ownership via KKR.
July 16, 2024, Ison Harrison, Ison Harrison announced this month it had acquired Leeds-based Cohen Cramer Solicitors, a firm of 27 employees and £3m annual turnover. Jonathan Wearing, Ison Harrison managing director, said: ‘By linking up with Cohen Cramer’s specialist lawyers, we are not only expanding our team but also enhancing our ability to serve our clients with a broader and more robust range of legal services.
April 15, 2024, Rapid-Line acquires Studio Wise. “That’s what led us to the Studio Wise acquisition, a … small company with a very strong brand and a big brand,” Weis said. “We’re achieving our objective by diversifying our … metal components only into a completed restaurant table product.” With the acquisition, Weis expects Rapid Line will help Studio Wise grow significantly over the next few years. Some of the Studio Wise’s outsourced manufacturing may be brought to the Rapid Line facility, but the company’s three in-house employees are staying on.
April 14, 2024, Ocaquatics, transitions to employee ownership via an EOT. She [Oca] told me how this decision was fueled by her commitment to preserve the company’s mission-driven ethos and share the success with those who have been integral to its journey.
April 2, 2024, Empowered Ventures acquires Benoure Plumbing Heating & Air Conditioning, “The entire Benoure family has been extremely proud to build this company and serve this
community since 1966, so selling Benoure was a bittersweet decision,” shared Brad. “I am excited to have found a buyer, Empowered Ventures, that I am confident will continue the legacy
my family has built. They will take care of the people who have helped build Benoure to what it is today for many years to come. I am looking forward to leading Benoure into the future and
working with the Empowered Ventures team to bring Benoure to the next level.”
March 28, 2024, Klimek Jewelry, transitions to employee ownership via an EOT. Bettina said: “I’m thrilled that I’ve been able to secure the future of the business and my team by taking the employee ownership route. I want to spend more time with my children and grand-children and this means I can gradually hand over the business to people who are committed to its future.”
March 25, 2024, Advanced Business Methods acquires The Office Shop. The move to acquire The Office Shop began in Spring of 2023. “We are excited to be partnering with a great local organization with deep roots in the communities”, said Jeff Ellingson President of ABM. “Scott and Jodie Johnson have formed a great locally owned and operated organization with a great staff, and we hope to continue that same path by providing exceptional sales, service, and products that all The Office Shop customers have become accustomed too. We are also thrilled that the local ownership will remain in these communities as The Office Shop employees are becoming owners of The Office Shop through our ESOP (Employee Stock Ownership Program), which will help continue the local hometown feel that The Office Shop is known for.”
March 4, 2024, Innovance acquires Jorgensen Conveyor and Filtration Solutions, Innovance is the holding company for four other manufacturing companies/brands located in Minnesota and Wisconsin— ALMCO, Lou-Rich, Mass Finishing Inc., and Panels Plus. Innovance Inc. plans to retain all employees of Jorgensen, and the entire Jorgensen team will become employee-owners at Innovance.
Jan 16, 2024 Border States to Acquire Winston Engineering, “I established Winston Engineering Inc. to make a positive impact on the construction industry and bring opportunity to our employees,” said Winston. “Joining Border States is the next step in that direction — they have an outstanding reputation, and their philosophy of taking care of each other, customers and vendor partners matches our approach. We bring professional engineering to Border States, and their network of branches connects us to a need for our services. When you combine this with employee ownership, there will be countless opportunities and benefits for the employees of Winston.”
Jan 3, 2024, United Electric Supply announced Tuesday that it have entered into a merger agreement with Kovalsky-Carr Electric Company. “Being part of United Electric and their Employee Stock Ownership Plan will support our long-term goal to invest in our associates and expand our business,” said Arnold Kovalsky, President of Kovalsky-Carr. “Our two companies share a philosophy and culture that focuses on our customers’ success.”
Dec 3, 2023, PFS Brands acquires Moser’s Foods. “Most importantly, all full time Moser’s employees will now become employee-owners. PFSbrands is a 100% employee-owned company,” Burcham wrote in a follow-up message to the Tribune. “Our PFSbrands leadership team, along with the current Moser’s team, will be exploring many different ways to improve work life for our employee-owners while delivering even better service to our loyal customers.”
Nov 10, 2023, ReVision Energy acquires Sunbug, Come 2024, former Sunbug offices in Westfield and Woburn will rebrand as ReVision; all 12 employees in the Westfield office will stay on, a company spokesperson said. Like other ReVision workers, the Sunbug team will eligible to become employee-owners through a stock program.
Nov 6, 2023, Recology acquires Sunset Garbage Collection. “This is a local company with a great history of providing superior customer service,” said Recology CEO Salvatore Coniglio in a press release. “Their outstanding work and focus on recycling make this a great fit for Recology.”
Oct 20, 2023, Bourg insurance acquired by Higginbotham, Established in 1948 in Texas, Higginbotham is an employee-owned, single-source solution for insurance, financial and HR services. The Bourg brothers pointed to Higginbotham’s family and community culture as being attractive to partner with, as well as the company’s employee ownership plan. “We’ve been a small business for years,” says Brad Bourg, president of Bourg Insurance. “With Higginbotham, we’ll have technology and support to move that forward, providing the same services but on a larger scale.”
Oct 12, 2023, Artisans Inc acquires Tri-Five Holdings, Tri-Five President Brandon Everman says, “We are thrilled to join forces with Artisans. This blending of our businesses provides both entities with a broader stable of exceptional products and artwork. Our sales rep footprint will also grow substantially. We are also excited that all of our employees will have the opportunity to become employee owners of Artisans.” Headquartered in Glen Flora, Wisconsin, Artisans Inc. was founded in 1963 and has been a 100% employee-owned company since 2017.
Oct 11, 2023, Precision Walls acquires SPS Corp, Brian Allen President/CEO of Precision Walls stated, “Moreover, as a testament to our commitment to shared success and collaborative growth, we are excited to welcome our new colleagues from SPS into our Employee Stock Ownership Plan (ESOP). Becoming a 100% employee-owned company in 2019 further strengthened our strong culture of employee engagement and collective success. As stakeholders, our entire team shares a commitment to safety, quality, and delivering exceptional customer service.” By extending our ESOP model to the SPS team, we emphasize our commitment to our new team members and maintaining a people-focused culture.
Oct 5, 2023, Short Elliott Hendrickson Inc. (SEH®), a national employee-owned engineering and architecture firm, announces the acquisition of assets from RAM USA, widely recognized for its groundbreaking patented technology for facility and infrastructure assessment. This pivotal move increases SEH’s service offerings and reinforces SEH’s commitment to leveraging technology for improved facility and infrastructure solutions.
Sept 29, 2023, Lithos Engineering joined GEI Consultants, For Lithos, joining GEI is a perfect fit,” says Robin Dornfest, President of Lithos Engineering. “Lithos has experienced considerable success and growth since our humble beginnings, resulting in the need and desire to further invest in our employees, systems, and clients to ensure an exciting and rewarding future for us all. Creating opportunities for our team has always been our mission and this merger enables us to realize that mission. As an employee-owned private company, GEI has the resources, experience, service mix, and culture that fits Lithos’ current and future needs. An attractive feature of this merger is the opportunity for all Lithos employees to become owners in the business as ownership opportunities are offered to all GEI employees.”
July 15, 2023, Gilbert Electric, Cannon & Wendt merge. “Gilbert Electric and Cannon & Wendt share the same philosophy of taking care of their people and because of that commitment, the decision to merge with Cannon & Wendt was made easier since Cannon & Wendt is a company that is employee-owned (ESOP),” Kostyo said. “Going forward, the employees at Gilbert Electric will become part of the ownership group, and time employed at Gilbert Electric will count as far as vesting in the ESOP program. It’s good for the employees and as owners, I believe they will take even more pride in their work and the day-to-day operation of the company.
July 15, 2023, Harps Food Stores an employee owned company has acquired Janiese’s Supermarket.
June 28, 2023, Fairfax Ace Hardware has just merged with the employee-owned, local Ace Hardware chain, A Few Cool Hardware Stores. “We’re thrilled to have this store be part of this group,” she said. “It’s our 13th in the Washington Metropolitan area. All our stores are members of the national Ace Hardware Cooperative for purchasing to give small, hardware stores larger buying power to stay competitive.”
April 19, 2023, Maine-headquartered, employee-owned, engineering, environmental, and surveying consulting firm Haley Ward has acquired Betsy Lindsay, a Florida-based surveying and mapping firm with approximately 200 employees. Haley Ward’s President & CEO Denis St. Peter said “We know that this partnership will allow us to offer even greater value and expertise to our clients throughout Florida.By joining forces, we will be able to offer a wider range of services, including aerial surveying and drone mapping, as well as providing a broader geographic reach.”
Jan 30, 2023, Crosby Group Kito Corp complete merger, The combined company will invest in its people, products and facilities to advance innovative solutions for customers, who will benefit from expanded service, support and training. Under the new entity, Kito Crosby team members will be participants in the employee ownership program.
Jan 15, 2023, Citadel EHS has acquires RMD Environmental Solutions. “The bringing together of Citadel and RMD will enhance both firms’ capabilities and geographic reach, enabling the combined firm to help solve our clients’ environmental assessment and remediation needs, meet compliance requirements, manage health and safety risk and achieve their sustainability and ESG goals,” says Loren Witkin, Citadel’s CEO. Comments Kirsten Duey, RMD’s president, “Joining Citadel is an exciting milestone for RMD, not only for the benefits it brings our clients, but because it also brings important long-term benefits to our employees, who will become owners through Citadel’s employee stock ownership plan (ESOP). Interestingly, RMD was not seeking to join with another firm. This relationship happened organically and felt right.”
Jan 6, 2023, Global Infrastructure Solutions (GISI) completes acquisition of Hill International. “The completion of our merger with Hill International is GISI’s fifth strategic merger or acquisition during 2022,” said Rick Newman, GISI president and CEO. “Our employee-ownership model differentiates us and is an important feature of our growth, recruitment, and professional development initiatives.”
Jan 3, 2023, Parametrix acquires Good Company, Parametrix, a 100-percent employee-owned engineering, planning, and environmental sciences firm, has acquired Oregon-based Good Company, expanding the firm’s climate and sustainability service offerings nationwide.
Jan 3, 2023, AVN acquires Mid-Atlantic Technology & Innovation Center (MATRIC). “This is an exciting day for our company, our employees and our customers. This year, we will celebrate our 20th anniversary of operation under a new name and legal structure, but with the same commitment to delivering excellence to our customers around the world,” said Hedrick, AVN CEO. “Previously, our non-profit status was impeding our ability to grow, and our name use was restricted. With a new name and legal structure, we have the ability to pursue new avenues of operation and market penetration. We will build off our company’s strong heritage in West Virginia and the science and technology communities, while charting a new course for growth. I am absolutely certain that our visionary founder, Dr. George Keller, would be thrilled with this development.”
Dec 2, 2022, Russ Davis acquires Liberty Fruit, Russ Davis Wholesale Inc. has acquired Kansas City, KS-based produce wholesaler Liberty Fruit Co. Inc. Now part of Russ Davis’s Employee Stock Ownership Plan, Liberty will continue to operate independently and will be led by its existing leadership team. According to Liberty CEO John McClelland, the opportunity to become 100 percent employee-owned was the driving force behind the merger.
Nov 11, 2022, Colmore acquires Clear Solutions, Meek said: “We are very pleased to have completed this acquisition. Tony Wynne has built a loyal client base over many years and wanted to make sure that they are serviced by a firm that will act in their best long-term interests. “He had the option to sell the business to a large financial institution but chose Colmore Partners due to our reputation for doing things properly, with a proposition and level of service to match.”
Nov 8, 2022, Bostwick Braun acquires Mill Supplies, Former owner Andy Beckstein said, “Karen and I are excited to announce the acquisition of our company, Mill Supplies, Inc., by the Bostwick-Braun company. We feel it is the best possible succession plan for our employees and business. Our employees are our success story; offering them employee ownership with Bostwick- Braun is exciting and fulfilling. The partnership with Bostwick-Braun makes us both stronger, better, and poised for future success.”
Sept 22, 2022, Rexco Equipment acquires JO Scherrman, “I am very pleased to be bringing the JPS customers and employees into the Rexco family,” Rexco president and CEO Josh Bottelman said. “The alignment of our companies’ core values make us a great match. We are confident JPS customers will continue to receive the great customer service they are accustomed to. I am also excited to combine our product offering with JPS’ portfolio to enhance our customer’s experience.”
July 22, 2022, Christensen Group acquires Foster White, Foster White has been owned locally for over 50 years and joining Christensen Group to become employee-owned was a way for owners, Jake Olinger and Tony Larson, to secure the local ownership far into the future.
June 18, 2022, Mass. Bay Brewing acquires Vermont’s Long Trail, “We have a shared commitment to the Vermont community and passion for making great beer,” Kenary said. “I speak on behalf of all the employee owners at Mass. Bay Brewing Company when I say that we are looking forward to the opportunity to carry on the Long Trail legacy in partnership with the folks in production, sales, and support functions who will be staying on as part of the transition.”
June 1, 2022, Foster White merges with Christensen Group. Everyone who works with Foster White will benefit from this: our employees, our customers, and the communities we serve. We have been owned locally for over 50 years, and joining Christensen Group to become employee-owned, is a way for us to secure that local ownership far into the future.
May 3, 2022, Integrity Marketing Group acquires Ash Brokerage Corp. Ash Brokerage was founded more than 50 years ago in Fort Wayne. Integrity says Ash Brokerage Chief Executive Officer Tim Ash, who has led the firm since 1997, will become a managing partner in Integrity once the deal closes. “By partnering with Integrity, Ash Brokerage will have access to a more diversified mix of life, health and wealth solutions, enabling our advisors to design and deliver more holistic offerings for their clients,” Ash said in written remarks. “The breadth and depth of Integrity’s data and technology perfectly complements our own extensive systems and services, which allows our team to compete at an even higher level. We’ve chosen to unite so we could have a greater impact on the lives of the people and communities we serve.” Integrity says Ash employees will have an opportunity to participate in the firm’s employee ownership plan.
April 21, 2022, BCI acquires Lakeside Container Corp, BCI is an Employee owned company that operates nine other sheet plants and five sheet feeder joint ventures in nine states throughout the East, Midwest and South. “Lakeside will continue to operate as a sheet plant (Lakeside Division) of BCI, aligning with our two other New York Region divisions in Rochester and Syracuse, where we expect them to grow and prosper in their regional market. We are excited about the acquisition and happy to have them join BCI.” The 30-plus employees who were working at Lakeside Container, have also been offered jobs to stay on and work for BCI, George said
March 17, 2022, Parman acquired Wilder Equipment. “With the leaders at Parman Tractor & Equipment, the skilled staff and top-notch product offerings, we look forward to providing outrageous service,” the company said. “As an employee-owned company, we aspire to create opportunities. With the acquisition of Wilder Equipment, we are growing our brand, service offerings and the opportunity to create value for the employee-owners of the Parman Companies.”
March 16, 2022, Saalex, Saalex has acquired Netsimco. “This acquisition is part of a long-term growth strategy we have put in place to significantly grow our business to become one of the largest employee-owned IT services providers in the DoD space,” said Travis Mack, president and CEO of Saalex. Saalex will operate Netsimco as a wholly owned subsidiary and expects to grow into an organization with $100 million in annual revenue through the transaction. Netsimco operates with more than 180 employees in four states and has seen an annual growth of 20 percent in the past six years.
Dec 14, 2021 Empowered Ventures, Empowered Ventures acquires Paramount Plastics. “Since starting Paramount nearly forty years ago, we’ve worked hard to build a business on which so many employees and customers depend,” said Lim, former president and co-founder along with Jessie Prugh and Dennis Lim. “We are very happy to have found a buyer, Empowered Ventures, that will look out for Paramount and the people we care about for the long-term.” Empowered Ventures is an employee-owned company. President Chris Fredericks says the Paramount employees will have the opportunity to join the company’s Employee Stock Ownership Plan.
Dec 8, 2021, Coborn’s Inc, will acquire Tadych’s Econofoods. Coborn’s Inc. is an employee-owned company that operates grocery stores across Minnesota, Wisconsin, North Dakota, and South Dakota. The purchase of Econofoods marks the company’s first venture in Michigan. “It’s [Econofoods] in good hands. It’s another employee-owned company, I actually feel really good about the transition,” he told the Gazette on Monday. “We’ll be able to keep the employee-owned family business feel, instead of becoming more of a corporate type. “The name on the building has changed, but the internal workings, the customer service in stores, is going to stay the same.”
Nov 23, 2021, Carter Myers Acquires CrossPointe, “Liza and CMA share our commitment to our communities, and our associates will now have the opportunity to own a piece of the firm by joining CMA.” We’ll also be able to use CMA’s purchasing power to extend our existing inventory of new and used vehicles, as well as our service and parts business for all makes and models. To achieve those objectives, we will hire more technicians, salesmen, and parts employees, all of whom will be eligible for company shares,” said John Grist, Miller Auto Group’s Vice President and COO.
Nov 17, 2021, Town and Country Foods acquires Heebs Fresh Market. “The biggest thing for the Heebs employees — future Town and Country Foods employees — is the opportunity and the potential to become employee owners with the rest of the employees of Town and Country Foods,” Town and Country president Travis Frandsen said. “It’s a big deal. They will get to share in the growth of Town and Country Foods. They will get stocks and have certificates held for Town and Country Foods. It helps them understand a little bit that they are working for themselves too, not just working for an owner.”
August 27, 2021, Captrust, Captrust will acquire Chicago-based Ellwood Asssociates. “When looking for the next step for Ellwood, we knew we wanted to be a part of a majority employee-owned firm to continue our own legacy of employee ownership,” according to Ellwood’s Timothy Egan, who will move to Captrust as a principal.
August 20, 2021, Threaded Fasteners, Inc. (TFI), a 100% employee-owned business specializing in the manufacturing, custom packaging, and distribution of steel fasteners has acquired RTC Threaders, formally Ruja Tooling Corp based in Churubusco, Indiana.
July 7, 2021, Integrity, Integrity will acquire Leazer Group a rapidly growing independent marketing organization (IMO) headquartered in Raleigh, North Carolina. The Leazer Group will now offer its employees meaningful ownership through Integrity’s Employee Ownership Plan.
June 24, 2021, Butler/Till, – Butler/Till, a women-owned, employee-owned, results-driven marketing agency, today announced that it has acquired Digital Hyve, a digital marketing agency ranked among Adweek’s 100 Fastest Growing Agencies and one of the fastest-growing private companies in the United States. “Digital Hyve is a natural fit with our culture. They, too, share a passion for their people and are committed to creating a caring, compassionate workplace. Like our employees, they embrace innovation, cutting edge technology and provide top-notch client service,” said Jones. “Butler/Till has been committed to continually making strategic investments to expand service offerings for our clients and strengthen a culture of agility and adaptiveness. The acquisition of Digital Hyve is an exciting opportunity for employees and clients of both organizations as we continue to usher in a new era of growth, innovation, and transformation.”
April 13, 2021, Parametrix, Parametrix is an employee-owned engineering, planning and environmental sciences firm. It said the acquisition increases the depth of its geomatics and survey practice and adds additional survey professionals to the firm’s Puget Sound survey team. “Together with Pacific Geomatic Services, we continue to expand the depth of services we offer to the communities and clients we serve,” said Parametrix CEO Jeff Peacock. “We’re thrilled to combine Parametrix’s benefits of employee-ownership through our Employee Stock Ownership Plan and our reputation as a best place to work with Pacific Geomatic Services’ surveying expertise and new North Puget Sound location.”
April 12, 2021, Empowered Ventures, Empowered Ventures has acquired Firstar Precision Corp., a precision machining company located in Ohio. Empowered Ventures is an employee-owned holding company that acquires closely-held businesses. “As an employee-owned holding company, we help companies like Firstar by providing a straightforward, low-friction buyout process that results in the employees joining our diversified ESO,” said Empowered Ventures Chief Executive Officer Chris Fredericks. “By working with Empowered Ventures on their succession planning, an owner can sell their business and receive the peace of mind that comes with transitioning ownership to the employees, which is a win-win outcome for a business, like Firstar,” said Spencer Springer, vice president of Empowered Ventures. “When employees think like owners, they become more engaged, invested, and strategic. All our businesses have a bright future with the employees leading the way.”
March 31, 2021, Peerless-Midwest, Indiana’s newest ESOP! MISHAWAKA — A locally based water supply contracting company will become an employee-owned business on Thursday. The transition to employee-ownership came about as a divesture of the parent organization.
March 30, 2021, Integrity, Integrity Marketing Group, LLC (“Integrity”), the nation’s largest independent distributor of life and health insurance products, today announced it has acquired Modern Insurance Marketing, Inc. (“Modern Insurance”), an independent marketing organization (“IMO”) based in Wilsonville, Oregon. For more information about Modern Insurance’s partnership with Integrity, view a video at www.integritymarketing.com/ModernInsurance.
Feb 16, 2020, Kinkade Funeral Chapel, The Kinkade family had operated the business for more than 55 years, but in December, Kinkades became employee-owned as a member of Pioneer Enterprises, Inc., a group of regional employee-owned funeral service businesses headquartered in Sioux Falls. “Many family firms no longer had succession within a family. We have become an alternative for those families to feel comfortable in allowing their employees to go forward in an ownership role and a management role,” Maassen said.
Feb 16, 2021 Senior Care Benefits, Integrity Marketing Group, LLC (“Integrity”), the nation’s largest independent distributor of life and health insurance products, today announced it has acquired SeniorCare Benefits (“SCB”), one of the industry’s most rapidly growing direct-to-consumer contact centers. “Being able to offer employee ownership is going to change the conversations when we’re trying to recruit and retain the best talent in the industry,” added DePeppe. “Our digital brokerage is better equipped with Integrity, now offering benefits that are beyond anything else available in the industry. Providing our agents and employees with the expanded resources and company ownership that Integrity provides is something we could have never done on our own.”
Jan 29, 2021, Fairmont Firm, Terms of the transaction were not disclosed, but this isn’t the only deal Integrity has made this month. On Jan. 12, Integrity acquired a much larger health care services company, Connexion Point, based in Sandy, Utah, that has about 3,000 employees. Earlier this week, the company also acquired CSG Actuarial, based in Omaha. IFC owners Dave Martens, Dave Thesing and Todd Villeneuve and IFC employees will remain with the firm, and as part of the deal will get shares in Integrity’s Employee Stock Ownership Plan. Martens, Thesing and Villeneuve were insurance industry veterans who founded IFC in 2003.
Jan 8, 2021 WM Kelly, Indiana-based WM Kelly has acquired Lauyans & Company and engineering and manufacturing firm in Louisville KY.
Jan 7, 2021 Muncie Aviation Co, Indiana-based Muncie Aviation Co. (MAC) has acquired aircraft sales and maintenance provider Des Moines Flying Service (DMSF), in a merger of two of the oldest companies in private aviation.
Jan 1, 2021, Performance Validation, Indiana-based Performance Validation a 100% S-Corp ESOP has acquired Welsh Commissioning Group. “We are extremely pleased to have the Welsh Commissioning Group, Inc. join Performance Validation and the ownership culture we have here at PV,” said Richard Van Doel, President and CEO of Performance Validation, Inc. “Welsh will serve as an important growth engine for expanding PV’s capabilities in providing Building Commissioning services and expand our geographic reach in providing Commissioning, Qualification, and Validation services to the life science industry.” Bryan and Joan Welsh will retire from the business and Tim O’Neill will continue to lead the Welsh Commissioning Group as a Division of Performance Validation. Bryan commented, “I am very happy to have partnered with Performance Validation, as it will allow all WCG employees to become owners in the business and ensure that WCG remains a vibrant and successful part of the Pacific Northwest business community.”
Dec 15, 2020, Trachte Building Systems, Trachte Building Systems has announced the acquisition of three related businesses located in Vernon, Alabama: Roof Mart, LLC, Made Right, LLC, and Metal Land, LLC.
Dec 9, 2020, Oswald Companies, The brokerages Oswald Companies and RCM&D have entered into a definite agreement to strategically merge and launch Unison Risk Advisors a 100% employee owned company. “Roof Mart’s entrepreneurial roots and customer-focused culture make the Roof Mart team a natural fit with employee ownership. We welcome the Roof Mart teammates to the Trachte team. We will invest in our Vernon operation to enhance the value of all of our combined products and services for our customers.” Jeff Burbach, CEO Trachte Building Systems
Dec 4, 2020, Jay Petroleum, Jay Petroleum purchased a majority of the assets of Ottawa Oil Co., including fuel transportation, dealer sites, consignment sites and convenience stores, expanding its retail footprint to 57 stores throughout Northern Indiana and Ohio. “We are profoundly grateful to our employees and the communities we have had the pleasure to serve,” said Janel Kruse, General Manager of Ottawa Oil Co. “Jay Petroleum’s track record for serving communities and history as an employee-owned company were very important factors in our selection of them.”
Dec 3, 2020, Davey Resource Group, Davey Resource Group, a subsidiary of The Davey Tree Expert Company, has acquired assets of EEE Consulting (3e) in Virginia. “Davey Resource Group and WSSI are excited to welcome the employees of 3e into the Davey family,” said Ken Joehlin, vice president and general manager, DRG Environmental Consulting. “3e brings a broad range of expertise and experience partnering with municipal and government clients that will enhance the environmental consulting services WSSI offers to clients in Virginia. This acquisition also strengthens Davey’s commitment to providing diverse consulting solutions to our clients.” Like Davey, 3e has been employee owned. Under employee ownership, staff members are given the opportunity to become owners through an Employee Stock Ownership Plan (ESOP), an employee benefit plan that gives workers ownership interest in the company through stocks. Davey has been employee-owned since 1979 and is the ninth largest employee-owned firm in the U.S.
Nov 25, 2020, Norco, Norco, an employee-owned family company based in Boise, announced in a press release the acquisition of Arc Services in West Jordan, Utah.
Mar 5, 2020, Helwig Carbon Products, Milwaukee-based Helwig Carbon Products Inc. has acquired the brush holder product line of Naperville, Illinois-based J. Ream Manufacturing.
Jan 20, 2020, Cross Company, Cross Company, a 100% employee owned industrial solutions company that is innovating industry, one customer at a time, announced today they are acquiring Flow-Tech, a process instrumentation and measurement technology sales and service provider based in Hunt Valley, MD.