One of the common questions of companies contemplating transition to employee ownership is why? The purpose of this page is to provide an aggregation of various news stories on companies that have made the transition and in their own words why they decided to do so. The below stories are obtained from news sources that were not behind a paywall when added, and include links to the original sources. The format will be simple, date, company (with HTML link to the story), and a quote or two on why. If you are an ESOP company and would like to contribute your story please contact INCEO. And with that said, let’s begin the journey.
Updated March 11, 2026
Feb 26, 2026, Luna Hospitality Group, transitions to employee ownership via an ESOP. The company said that the move away from private ownership aligns “employees directly with the ongoing success and sustainability of Luana Hospitality’s family of restaurants.”
Feb 20, 2026, Milano Restaurants International, transitions to employee ownership via an ESOP. CEO John Ferdinandi said each of their employees is a trusted team member, and they want them to know they “own and operate” their own business in a tangible way. “This structure will only make the Company even more efficient, innovative and responsive to meet our customers’ needs,” John said. This is about more than ownership; it’s about creating a culture where every team member feels invested in our shared future.”
Feb 20, 2026, Umpf, transitions to employee ownership via an EOT. Founder Adrian Johnson said: “Our success has always been built on the talent and dedication of our brilliant team. This structure not only rewards their hard work but also positions us for even greater innovation and client impact as we open the next chapter in our storytelling journey. “Employee ownership gives the entire team a meaningful stake in the business, fostering greater collaboration, long-term thinking and shared success.
Feb 19, 2026, Dimensional Innovations, transitions to employee ownership via an ESOP. “Our people have always driven our success,” said Tucker Trotter, CEO of Dimensional Innovations. “This transition ensures they directly share in the value they help create and strengthens the foundation for the next chapter of our growth. The vision is that the change will also bring in more like-minded and talented individuals that share our values and are truly ready to take ownership of their work, empowering us to deliver even better results for our clients.”
Feb 18, 2026, Western Specialty Contractors, transitions to employee ownership via an ESOP. “Our employees are the foundation of Western Specialty Contractors’ success,” said Ben Bishop Jr., Chairman and Chief Executive Officer of Western Specialty Contractors. “Transitioning ownership to an ESOP allows us to recognize their contributions in a meaningful way while positioning the company for long-term stability and growth.”
Feb 18, 2026, Admiral Leasing & Loans, transitions to employee ownership via an EOT. Managing Director Simon Stewart commented: “In our 20th year, becoming an Employee Ownership Trust is a significant and positive step for Admiral. “It safeguards our culture, protects the values that define us, and ensures our specialist team remains central to every decision we make. It’s good for our people, good for our customers and introducers, and good for the long-term future of the business.”
Feb 17, 2026, Darwen Terracotta, transitions to employee ownership via an EOT. Steve Allen, director of Darwen Terracotta, said: “Transitioning the business to employee ownership was a decision driven by people and legacy. “We wanted to ensure the business remained independent, that our employees were recognised for the role they have played in building it, and that the company was set up for long term continuity.
Feb 16, 2026, Alpha Projects, transitions to employee ownership via an EOT. By adopting an employee ownership trust (EOT) structure, the north-east of Scotland company aims to safeguard its core values and culture while ensuring that those driving the business daily share in its future success.
Feb 13, 2026, PC Coaches, transitions to employee ownership via an EOT. Peter Smith [founder] said: “From starting with a single coach in 1978 to becoming the region’s largest independent operator, this journey has only been possible because of the dedication and professionalism of our team. Moving to an Employee Ownership Trust is a natural next step. It protects the independence of the company, preserves our values, and ensures the business remains in safe hands for the future.”
Feb 13, 2026, Beitzel Corp, transitions to employee ownership via an ESOP. “This is an exciting moment for our organizations,” said Shawn Bender, President and CEO. “Our employees have always been the foundation of our success. Becoming an ESOP ensures that the people who build our value every day can share directly in the fruits of their labor by taking ownership of their part of the work.”
Feb 12, 2026, BostonbeaN Company, transitions to employee ownership via an ESOP. “Employees have always been central to BostonbeaN’s growth and success,” said Peter Johnson, Owner of BostonbeaN. “Transitioning to 100% employee ownership is a meaningful way to recognize their contributions and support our company’s success and culture well into the future.
Feb 12, 2026, The Technical Department, transitions to employee ownership via an EOT. Founder and managing director Jerry Singleton said: “The decision is not about stepping away from the business, but about securing its future. Our focus has been on creating a structure that supports long-term thinking, safeguards jobs and allows the business to grow without compromising its values or standards.”
Feb 9, 2026, H&H Fabricators, transitions to employee ownership via an ESOP. “The newly formed ESOP, Synergy Fabricators Inc., will allow eligible employees to become owners of the company through a qualified retirement plan,” ND&L reported.
Feb 9, 2026, Hazen Construction, transitions to employee ownership via an ESOP. “Each employee of Hazen Construction is a trusted team member,” he said. “We want our employees to feel that they ‘own and operate’ their own business, which fosters tremendous pride resulting from owning a stake in the company.”
Feb 9, 2026, Cite DMS, transitions to employee ownership via an EOT. Managing director Laura Bent said the decision followed a period of transition for the business and ruled out a trade sale. “Employee ownership felt like the right fit for where we are as a business,” she said. “We wanted a model that protected our independence and our culture, while also giving the team a genuine sense of ownership in what we’re building together.”
Feb 5, 2026 G&C Foods transitions to employee ownership via an ESOP. The transition reflects long‑range succession planning by former owner and current CEO Kip Palmer, who selected the ESOP structure to preserve the company’s people‑first culture, ensure continuity, and position G&C Foods for sustained growth in a rapidly evolving food industry and supply chain environment.
Feb 5, 2026, GEL Studios, transitions to employee ownership via an EOT. Graeme Leighfield, founder of GEL Studios said: “I have always been clear that GEL Studios is, and will remain, a collective team effort. Exploring an employee ownership scheme felt like a natural next step in formally recognising the people who contribute to our success. “This is a key moment for the business, and I am extremely proud to be able to share ownership with those who have supported our journey as well as those who will help shape its future.”
Feb 4, 2026, Grape Tree, transitions to employee ownership via an EOT. Shutts said: “Grape Tree has come a long way since we started out in 2012, with the vision of creating a truly independent health foods retailer that always puts its customer first. This has been an approach that has helped us gain significant market share and we wanted to build on this by making sure our employees continue to be the heartbeat of our business. There was also a big piece of work around succession planning.
Feb 2, 2026, Softstar Shoes, transitions to employee ownership via an EOT. Former owners Sal and Tricia Salcido, had watched other business owners in their family sell their businesses and witnessed first-hand the heartbreak that ensued when everything they had invested their lives in was broken up, run down, or moved out of the community. In the case of Softstar, transitioning to an EOT is to ensure their mission of sustainable, quality products that promote a healthier world will be preserved for generations to come, for the benefit of its current and future employees.
January 29, 2026, WAA, transitions to employee ownership via an EOT. Matthews said: “In 2026 we will achieve a landmark 40th anniversary for WAA Chosen, and there is no better way to celebrate that legacy than by putting the future of the agency into the hands of its people. “By transitioning to an Employee Ownership Trust, we are ensuring the independent spirit that has defined us for four decades remains our greatest strength.
January 29, 2026, C2 Concepts, transitions to employee ownership via an EOT. Mark Alcorn, who remains in his role as managing director, said: “Transferring ownership of the company I founded nearly a quarter of a century ago gives the whole team a stake in the business. This will ensure that C2’s unique character and ethos can develop and thrive as a new generation of designers begins to move into leadership roles.”
January 28, 2026, Harker Holding Inc., transitions to employee ownership via an ESOP. With the establishment of the ESOP, David Harker has preserved the Company’s independence while retaining its core values, success, and commitment to its employees and customers.
January 27, 2026, Pacy & Wheatley, transitions to employee ownership via an EOT. “We’ve built something meaningful with our team, and now that meaning is shared. Employee ownership ensures that the spirit, culture, and principles our father instilled remain at the heart of Pacy & Wheatley. This is not an exit, it’s a long-term promise to our people and to Dave’s legacy.”
January 27, 2026, Advanced Roofing, Inc, transitions to employee ownership via an ESOP. “This milestone is about securing the future of the company while honoring the people who built it,” said Rob Kornahrens, Founder and CEO of the Advanced family of businesses. “Employee ownership allows us to stay true to who we are — independent, client-focused, and committed to long-term relationships. It ensures the same teams our clients trust today remain personally invested in delivering the accountability, craftsmanship, and service they expect — now and for generations to come.”
January 26, 2026, Brad’s Service Center, transitions to employee ownership via TeamShares. “It checked the number of boxes that I thought were really important: I was able to move on. The business was able to keep its name. People were going to get rewarded for their time spent in the business without having to pay a bunch of money into something,” explains Leveillee.
January 23, 2026, Ceba Solutions, transitions to employee ownership via an EOT. The transition to an EOT is designed to secure the long-term future of the company, ensuring that employees have a stake in the business and its ongoing success.
January 23, 2026, Advanced Green Technologies, transitions to employee ownership.
January 22, 2026, Lexicon, Inc, transitions to employee ownership via an ESOP. Chief Executive Officer Patrick Schueck said no one knows the company better than the employees who work for it. “When I thought about the future of the business my parents built from nothing — and that I’ve been privileged to help grow — it became clear that the only way to protect our legacy was to place it in the hands of those who built it with us,” he said. “Our employees have always been family, and making them owners is an honor and a joy.”
January 21, 2026, WAA Chosen, transitions to employee ownership via an EOT. Craig Matthews, managing director said: “In 2026 we will achieve a landmark 40th anniversary for WAA Chosen, and there is no better way to celebrate that legacy than by putting the future of the agency into the hands of its people. By transitioning to an Employee Ownership Trust, we are ensuring the independent spirit that has defined us for four decades remains our greatest strength. “This independence and the creative freedom it brings will continue to deliver impressive results to the brands we work with and contribute significantly to the long-term stability of both our clients and WAA Chosen as a business.”
January 20, 2026, CEDAR Audio, transitions to employee ownership via an EOT. Gordon Reid, chair, said: “The outcome [transitioning to an EOT] protects our independence, secures our long-term future, and ensures that the team who drive CEDAR benefit from the company’s success.”
January 19, 2026, SprialUK, transitions to employee ownership via an EOT. “Spiral UK has always been built on the dedication and expertise of its people. Transitioning to employee ownership is a positive step forward, ensuring the long-term strength of the business and allowing those who contribute to its success every day to share directly in that success. As I begin to step back from Spiral UK, the pride I feel is undeniable. The time feels right for me to step back, and guiding the company into this new chapter, leaving it in the capable hands of the people at its heart, gives me complete confidence in its future.”
January 19, 2026, Coating Technologies, transitions to employee ownership via an EOT. Andy Thomas, owner and former shareholder, said: “The employee ownership trust has worked brilliantly for the employees as it gives them benefits and stability, whilst keeping the culture in the business that we have always had. The team are fully enjoying the business now being employee-owned, it’s been a great motivational tool and ultimately great for the business.”
January 19, 2026, GMS Agency, transitions to employee ownership via an EOT. “We’ve had no shortage of external interest in the business, which is a reflection of the momentum and growth we’ve built over the last few years,” said Sam Elder, Co-CEO of GMS Agency. “But becoming an EOT is the right decision for our people, our clients and the future of the agency. It allows us to protect what makes GMS special while continuing to scale globally.”
January 15, 2026, Canyon State Electric, transitions to employee ownership via an ESOP. “Becoming an ESOP is a natural extension of who we are as a company,” said Robert Hughes, President of Canyon State Electric. “Our people are the reason for our success, and this transition gives every employee a direct stake in the future we are building together.”
January 13, 2026, Paragon Sports Constructors, transitions to employee ownership via an ESOP. “Over the years, while clients were buying the PSC brand and services, they were really buying into our people and our culture,” said William Chaffe, president of the company. “As we plan for the future of Paragon, we couldn’t think of any better way to protect what we have built, while also ensuring long-term stability and independence, other than giving beneficial ownership in the company to those who have built it.”
January 12, 2026, Silcotek, transitions to employee ownership via an ESOP. “Our employees have always been the heart of SilcoTek,” Gary Barone, president and head coach, said. “We’ve always believed in building a company where people feel valued, respected, and empowered. Transitioning to an ESOP takes that belief one step further, by giving our employees a direct stake in the future they’re helping to create.”
January 9, 2026, Advanced Roofing, transitions to employee ownership via an ESOP. “This milestone is about securing the future of the company while honoring the people who built it,” said Rob Kornahrens, founder and CEO of the Advanced family of businesses. “Employee ownership allows us to stay true to who we are — independent, client-focused, and committed to long-term relationships.”
January 8, 2025, Integrated Air Systems, transitions to employee ownership via an EOT. Marginson said: “The success of Integrated Air Systems stems from the dedication of our employees and the efforts they put into the business. We want to reward this hard work and this EOT enables just that. This change marks a pivotal moment in our broader growth strategy as we continue with a rewarding bright future for the business.”
January 7, 2026, Now Health Group, transitions to employee ownership via an ESOP. Chief Executive Officer Jim Emme stated, “We realized several years ago that we would eventually need a plan to transfer the ownership and management of the business to the next generation, or we would risk seeing our business either sold or possibly fail. We receive numerous calls to sell our company, but we have worked too long and too hard to build this business, and that was not an acceptable option. We’ve done very well by this business, and we want our workforce and the communities that have supported us all these years to continue to do well by us with a promising future.”
January 6, 2026, Cooker Construction, transitions to employee ownership via an ESOP. For 90 years the company has built a reputation in the Midcoast area of being family focused, completing jobs with a high level of quality and safety, offering industry leading benefits, and more. The establishment of an ESOP ensures the company will remain locally rooted and will be able to continue on this path and work to grow even stronger by honoring current traditions, fostering relationships, and relying on the dedicated employees who are now owners.
January 5, 2026, S1 Enterprises, transitions to employee ownership via an ESOP. “Transitioning to an ESOP is a deeply meaningful way to honor their dedication and ensure that the people who build this company every day are the ones who benefit most from its success. This is about securing our shared future and fostering an even stronger sense of purpose and teamwork,” says Carolyn Richmond, Executive Vice President of S1 Enterprises.
December 27, 2025, Berry’s Coaches, transitions to employee ownership via an EOT. Stuart Berry [Chairman] said: “I am very proud of our workforce and deeply grateful to our customers for the loyalty they have shown over so many years. I have worked in the company for more than 45 years and I will continue to play a part, but it’s now time for the next generation to take things forward. “We explored various options, but the EOT offered the best way to secure the future of the business and to recognise the contributions of our employees, many of whom have been with us for decades.”
December 24, 2025, Root Cellar, transitions to employee ownership via Teamshares Canada. “Because the Root Cellar has always meant so much to us, choosing its future was deeply important,” Orser said on Instagram. “We wanted to ensure it remains rooted in the same values, culture and customer experience you know and love. “For these reasons, we’ve chosen an employee ownership model — where our incredible team, the very people who’ve poured their energy into this place day after day, now have the opportunity to share in ownership of the business they’ve helped build, alongside Teamshares Canada.
December 17, 2025, Publishp, transitions to employee ownership via an EOT. The new EOT structure ensures that Publiship can be wholly owned by its employees, reinforcing a long-standing culture of collaboration, shared responsibility, and long-term stability.
December 16, 2025, TheMagicTouch, transitions to employee ownership via an EOT. Founders and siblings Jim and Alison Nicol said transferring ownership to employees was “the ideal strategy”, safeguarding the company’s culture and future.
December 12, 2025, Artemis Marketing, transitions to employee ownership via an EOT. Founder and Managing Director Mike Knivett said: “We received offers to sell the business, but none aligned with our values or our commitment to clients. Becoming employee-owned protects what makes Artemis special – our independence, our culture and the long-term relationships we’ve built across the region.”
December 12, 2025, Southern Building Group, transitions to employee ownership via an ESOP. As the owners began exploring succession options, they determined that a traditional third-party sale was not the right fit for the business or its people. Instead, they chose an ESOP structure, allowing an institutional trustee to hold shares on behalf of all employees, similar to a retirement plan. “We are so excited to offer this opportunity to our employees,” Elliott said. “This company would not exist without them, and they deserve ownership. This transaction also ensures that SBG will exist for years to come.”
December 11, 2025, Adder Technology, transitions to employee ownership via an EOT. Adrian Dickens, Founder and CEO at Adder, said, “By transitioning to an employee-owned business we are laying the foundations for Adder’s next chapter. For over 40 years our success has been driven by the ingenuity, experience and dedication of our people. “Employee ownership strengthens our independence, protects the culture that defines us, and ensures that the benefits of our future success are shared by the people who make it possible. This is a positive and future-focused step that positions us strongly for the long term.”
December 10, 2025, Guidon, transitions to employee ownership via an EOT. Indiana’s First EOT! “Legacy is something Guidon was founded on,” said Luke Leising, Founder and CEO. “The formation of our Employee Ownership Trust will preserve what makes Guidon strong while empowering our people through shared accountability. Guidon is now veteran- and employee-owned.”
December 9. 2025, Emanuel Whittaker, transitions to employee ownership via an EOT. Emanuel Whittaker managing director Clive Newton said his firm “has always been about people and place”. We’ve trained generations, supported subcontractors and suppliers, and built real trust in our communities,” he said. “Moving to employee ownership means those values don’t get lost. It’s about giving something back and making sure the legacy lives on in the right hands.”
December 9, 2025, Pogue Construction, transitions to employee ownership via an ESOP. “Our employees have always been our greatest strength, and it only feels right that they are now directly part of the future they have worked so hard to build,” said Ben Pogue, the company’s chairman and CEO. “This is a defining moment for our company. Our employees don’t just move projects forward, they move their own futures forward. Together, we are building a foundation that future generations will stand on.”
December 8, 2025, Grape Tree, transitions to employee ownership via an EOT.
December 8, 2025, Avis Alaska, transitions to employee ownership via an EOT. The transition satisfied the board’s three guiding principles: keeping the family legacy alive, ensuring the company remained Alaskan-owned, and providing for the third generation’s future.
December 8, 2025, i-Pharm Consulting Group, transitions to employee ownership via an EOT. “This is a landmark moment for the business,” group CEO and founder of i-Pharm Consulting Stephen McAnaney said in a press release. “Everything we’ve built since our foundation in 2008 has been driven by people: our clients, our candidates, and above all, our team.” “While we looked at both trade and private equity options when considering the future of the business, EOT seemed like the natural fit,” McAnaney said. “Moving to an Employee Ownership Trust protects our culture and values, preserves our independence, and ensures that every member of the team benefits from the value we create together.”
December 4, 2025, Lane and Lane Media, transitions to employee ownership via an EOT. This move ensures Lane stays independent, true to its creative and strategic values, and owned by the people who make it what it is. It’s about legacy — but also about the future.” Ali Findlay, Founder & Chair
December 4, 2025 – Adder Technology transitions to employee Ownership via an EOT. The move provides Adder with a resilient structure that supports long-term continuity. It ensures that ownership remains aligned with the people who contribute to the company every day and reinforces the company’s commitment to investing in its future.
December 4, 2025, Graeters Ice Cream Co, transitions to employee ownership via an ESOP. “We’ve been committed to doing things the right way for more than a century. The ESOP enables us to remain independent, stay true to our values, and empower our team as collective owners of Graeter’s future,” said Rich Graeter, CEO at Graeter’s.
December 3, 2025, Heritage, transitions to employee ownership via an ESOP. “This is a proud day for our entire organization,” said Ryan Yemm, President of Heritage. “At a time when many companies are turning to private equity or institutional ownership, we are grateful to have the financial strength and independence to invest directly in our team. Our people have built this company, and this ESOP ensures they share in its success for many years to come. It also preserves the flexibility and responsiveness our customers expect from us in every event we produce.”
Decembe 3, 2025, Mike Whitfield Construction, transitions to employee ownership via an EOT. A move designed to secure the company’s long-term future, protect its values, and reward the team who helped build its success.
December 1, 2025 Miles-McClellan Construction, transitions to employee ownership via an ESOP. Transitioning to an ESOP is the natural evolution of our culture. It allows us to preserve our legacy while empowering our workforce to be the next generation of leaders. By paving the way for employees to strengthen their skills, move up into management, or even create entirely new teams and lines of business, the ESOP model allows Miles-McClellan employees to take an active role in forging their career paths.
December 1, 2025, Penny Engineering, transitions to employee ownership via an EOT. Tim Penny, recently appointed Managing Director, explained the reasoning behind the move: “Our commitment has always been to the long-term stability of this business and the people who work within it. By transitioning to employee ownership, we are decisively guaranteeing that Penny Engineering’s success, survival, and future for the next 100 years will be determined by our team, free from the volatility of external shareholder demands.”
December 1, 2025, Galloway and MacLeod Ltd, transitions to employee ownership via an EOT.
December 1, 2025, DS Group, transitions to employee ownership via an EOT. The move, which had been in planning for several years, aims to strengthen job security, foster collaboration and ensure success at the firm is shared. “It has always been my intention to take this direction, I firmly believe employees should benefit from the hard work they put in,” added founder Allistair Hunter.
November 27, 2025, Rapiergroup, transitions to employee ownership via an EOT. “We’ve built a business defined by its people, and it feels entirely right that its future should now rest with them,” said managing director Helen de Bois. “By becoming employee-owned, we’re protecting our culture, values, client and supplier relationships for the long term.”
November 26, 2025, Root Cellar, transitions to employee ownership via TeamShares. “Because the Root Cellar has always meant so much to us, choosing its future was deeply important,” Orser said on Instagram. “We wanted to ensure it remains rooted in the same values, culture and customer experience you know and love. “For these reasons, we’ve chosen an employee ownership model — where our incredible team, the very people who’ve poured their energy into this place day after day, now have the opportunity to share in ownership of the business they’ve helped build, alongside Teamshares Canada.”
November 25, 2025, Berrys Coaches, transitions to employee ownership via an EOT. Mr Berry Sr says that various options for the future of Berrys Coaches were explored, but employee ownership “offered the best way to secure the future of the business and to recognise the contributions of our employees, many of whom have been with us for decades.”
November 24, 2025, Amherst Communications, transitions to employee ownership via an ESOP. The move marks a major shift for the company, formerly known as Amherst Telephone Company, which has remained in the Iverson, Bohman and Danielson families for generations. Company leaders said the decision came after developing a succession plan that would preserve its local roots. “Being 100 percent employee-owned means more than paperwork or stock,” CEO Ray Tetzloff said. “We take pride not just in doing our jobs, but in knowing we own the outcome.”
November 24, 2025, Darke & Taylor, transition to employee ownership via an EOT. Simon Newton, managing director at Darke & Taylor, added: “When considering the long-term future of Darke & Taylor, we wanted to make sure that any decision we made recognised the hard work that our staff put into the business every day. It soon became clear that employee ownership was the best way to achieve this.
November 21, 2025, Central Insulations Ltd, transitions to employee ownership via an EOT. Paul Walmsley, former majority owner and managing director at Central Insulations and Lincs Doors, said: “We’re thrilled to share that Central Insulations and Lincs Doors are now officially employee-owned. This marks a significant milestone in our growth journey, placing our talented and dedicated team at the heart of the business. By empowering our employees with a genuine stake in the company’s future, we’re reinforcing our commitment to long-term partnerships, quality delivery, and shared success.
November 17, 2025, Advanced Plastics Group, transitions to employee ownership via an EOT. Rob Anderson, Joint CEO of Advanced Plastics Group, commented: “This is a proud moment in our company’s history. Becoming 100% owned by an EOT allows us to preserve our independence while ensuring our dedicated colleagues have a direct stake in the future success of the business.
November 5, 2025, Cypress Valley Meat Company, transitions to employee ownership via an EOT. “With the establishment of an EOT, our employees can get a more immediate payout through annual profit-sharing programs,” said Cypress Valley CFO Ben Wihebrink. “Additionally, they can now participate in democratic governance while they are employed with the company.” “We believe that an Employee Ownership Trust is the best way to protect our employees from risk while allowing multiple options for them to benefit when the business is thriving,” added Cypress Valley President and CEO Brandon Dunn.
November 15, 2025, PS Furniture, transitions to employee ownership via an ESOP. For longtime executive Roger Clark, who owned the company alongside his wife, the move was about protecting people and place. He said they “nibbled’ at the idea of private equity, but didn’t want anyone to treat the company “like a piece of meat.” Instead, he wanted to keep it in Conneautville, in the hands of the people who built it.
November 3, 2025, JMArchitects, transitions to employee ownership via an EOT. Around a quarter of the top 100 architecture practices UK-wide are now owned by an EOT, reflecting the growing popularity of the model as a mechanism for rewarding staff and managing succession; including 7N Architects and Keppie.
November 3, 2025, Graeters, transitions to employee ownership via an ESOP. Rich Graeter said that the ESOP was not the most lucrative option, but he didn’t want to bring in private equity. “They’re so short-term focused and pretty much just want to pump up the EBITDA (earnings before interest, tax, depreciation and amortization) in five years so they can flip it, and that would pretty much fundamentally change everything we’ve done for the last 150 years,” Rich Graeter said. The ESOP was done both to keep private equity out, but also to preserve Graeter’s for the long-term future and reward loyal employees.
October 31, 2025, Whitehead Monckton, transitions to employee ownership via an EOT. Managing director Christopher Longden said: “The directors have always regarded themselves as custodians of the business with each generation of business owners growing the business for the benefit of the next generation. “In a world where private equity is very publicly now coming into the law and buying out law firms, we want to celebrate and enhance our independence as a business.”
October 31, 2025, NAS Recruitment Services, transitions to employee ownership via an EOT. Following other firms in the recruitment industry, a statement from NAS says, “this strategic move ensures the company remains independent, preserves its unique culture and allows employees to share in its future success”.
October 30, 2025, Sunset Air, transitions to employee ownership via an ESOP. Employee ownership will enable team members to earn shares in the company over time and promoting ownership and shared success.
October 27, 2025, Metaflake, transitions to employee ownrship via an EOT. Metaflake managing director Steven Kerr said: “The move brings security and direction for our partners and for the company to continue from its base in Anstruther as well as to encourage the future development of the business. “It also gives the workforce the security that the company will remain in the East Neuk and continue growing at a time when other local firms have been closed.
October 27, 2025, People-First, transitions to employee ownership via an EOT. Shelley said: “Moving to employee ownership just made sense for us. This business has always been about fairness, teamwork and looking out for people, so giving the team a real stake in where we’re going feels like the right way to grow. It’s a way of saying, ‘We’re in this together, as we always have been.”
October 25, 2025, Smartovations, transitions to employee ownership via an EOT. This has been one of the biggest decisions in my business life,” said Smith. “When I first met with Kevan and Joe about selling my business I wanted to make sure my team was protected and looked after as they are the most important part of the business. “When they explained about an EOT and how it would work for me and my team, it made complete sense.
October 23, 2025, World’s Finest Chocolate, transitions to employee ownership via an ESOP. “I’ve wanted to share ownership with our employees for a long time,” said Eddie Opler, third-generation Owner and CEO. “For more than 85 years, the people who have worked with my family have become family themselves. This step ensures our legacy continues while giving everyone who contributes to our success an opportunity to benefit from it.”
October 23, 2025, OFR Consultants, transitions to employee ownership via an EOT. “Evolving into a partly owned EOT secures the best path forward for shareholders and staff. “It safeguards our entrepreneurial spirit, guarantees independence and ensures we keep delivering outstanding projects while leading the fire engineering discipline.”
October 22, 2025, Galati Yacht Sales, transitions to employee ownership via an ESOP. As president Joe Galati says: “For more than 55 years, our family and dedicated employees have built Galati Yacht Sales into the powerhouse it is today. Establishing an ESOP is the natural next step to ensure future success.”
October 17, 2025, RQA Europe, transitions to employee ownership via an EOT. This move reflects our commitment to people, culture and long term stability, ensuring that all of our employees share in the benefits of our continued growth and success.
October 16, Tugo Food, transitions to employee ownership via an EOT. CEO Lee Personius described the shift as a milestone for the trade and for the business. “This is good news for the industry as the transition to EOT strengthens our independence, protects our culture and lays the foundation for sustainable growth,” he said. “Our team has always been central to Tugo’s success, and this move ensures they share in the value they help create.”
October 15, 2025, Taproot, transitions to employee ownership via an EOT. Faced with succession planning decisions, Taproot chose an Employee Ownership Trust as the path forward — a structure newly introduced in Canada in 2024. By transitioning ownership to an EOT, Taproot gave every one of its employees an equal stake in the organization, at no cost to them. Dividend payments will now be paid to Taproot’s employee-owners based on hours worked, ensuring fairness and long-term stability. Importantly, this marks the first EOT in Canada where trustees hold 100% of the shares.
October 15, 2025, Eurospares, transitions to employee ownership via an EOT. James Pumo, co-founder of Eurospares, added: “Eurospares has always been about passion, precision, and people. Moving to an EOT structure allows us to secure the future of the business while recognising the vital role our employees play in its success.
October 14, 2025, Spinato’s Pizzeria & Family Kitchen, transitions to employee ownership via an ESOP. “We knew that if we were going to protect Spinato’s legacy, we needed to make sure the tenure of our people could grow,” Spinato said. “We want to find ways to retain our top talent, attract new talent and then reward their hard work and outcomes. We liked that an ESOP is true ownership.”
October 13, 2025, Duckhorn, transitions to employee ownership via Ownership Shares. “Our team is our greatest strength, and we believe that every one of our employees plays a pivotal role in contributing to the success of our Company,” said The Duckhorn Portfolio CEO Robert Hanson. “Not only does our new Ownership Program acknowledge their invaluable contributions, but it also gives all eligible employees a direct stake in the Company’s success and is designed to recognize and reward their hard work and dedication.”
October 12, 2025, Camelot Homes, transitions to employee ownership via an ESOP. Our employees have always been the foundation of our company’s success,” Co-owner Mark Hancock said in a Thursday news release “Establishing an ESOP is the ultimate way to reward their dedication and ensure that the legacy of quality, craftsmanship and customer service that our family started continues for generations to come. This transition is a celebration of our team, and we are thrilled to officially welcome them all as owners.”
October 4, 2025, Catering Services International (CSI), transitions to employee ownership via an EOT. Andrew Berman, founder and managing director of CSI, said: “I am immensely proud of CSI, a unique business which has taken 35+ years to create. “I am confident the transferral of ownership to its employees is an excellent strategic move, which acts to recognise and reward everyone for their instrumental contribution. “A natural evolution of a business, which shall now be owned and defined by its exceptional workforce.
October 1, 2025, Martin-Brooks Roofing Specialists Ltd, transitions to employee ownership via an EOT. “The switch strengthens our talented team’s commitment, safeguards our long-standing values and secures the company’s legacy. Our firm has always been firmly rooted within the community. It benefits from an engaged and committed local workforce.”
October 1, 2025, BIC Innovation, transitions to employee ownership via an EOT. “Although there were a number of paths open to us, employee ownership was the one that best safeguarded our history and values,” said Huw Watkins, Founding Director. “It reflects who we are: a people business, built on trust, collaboration, and long-term partnerships. This move ensures continuity of leadership while opening the door to new opportunities for the people who make BIC what it is.”
October 1, 2025, Space Solutions, transitions to employee ownership via an EOT. Steve Judge, founder and managing director, said: “We considered several options to futureproof the company and protect its success for our employees and customers. Employee ownership was the clear choice and marks a major step in our commitment to the future of the business and to the fantastic team that make it the success story it is today.”
October 1, 2025, Higley, transitions to employee ownership via an ESOP. “Employee ownership is a natural extension of who we are,” said Higley’s Chairman and CEO Gareth Vaughan in a written statement. “For 100 years, Higley has been built by dedicated people who take pride in their work.” “With this transition, every employee now has a direct stake in our future, reinforcing our culture of accountability, collaboration and excellence,” he added.
October 1, 2025, SPC Mechanical, transitions to employee ownership via an ESOP. “Becoming 100 percent employee-owned is a milestone that honors our past and secures our future,” said Chris Williford, President, SPC Mechanical. “It’s a way to reward the people who’ve built SPC into what it is today, while ensuring the company stays rooted in the values that make us strong — teamwork, accountability and pride in our work. This transition empowers every employee to be an owner, and that’s a powerful foundation for the next chapter of our story.”
September 30, 2025, Precision Facades, transitions to employee ownership via an EOT. Steve McGowan, MD of Precision Facades said: “Transitioning to an EOT felt like a natural next step. We wanted a structure that rewards everyone who has contributed to our success and ensures they share in the future of the business. In the medium term, James and I will remain actively involved, supporting smooth operations while embracing fresh ideas from our employee-owners. We remain committed to serving our loyal customers, working collaboratively with our supply chain and continuing to embrace local community initiatives and sponsorships.
September 30, 2025, Subsentio transitions to employee ownership via an ESOP. “This is the most significant transaction in our company’s history,” said Steve Bock, Founder of Subsentio. “We didn’t start Subsentio to get rich—we started it to help save lives and assist our clients with complex compliance requirements. Every employee has embraced that mission, and now they will share in the financial rewards of ownership without having to invest money.”
September 23, 2025, Granite Countertop Warehouse, transitions to employee ownership via an ESOP. Why an ESOP? Over the years, offers from private equity firms and large industry consolidators were considered—but ultimately rejected. Crowe cites concerns such as leveraged buyouts, management fees, restricted financial freedom, and uncertain long-term outcomes for employees. “It just wasn’t a good fit for us,” he says. Instead, the ESOP structure offered a far more compelling alternative. This transition to employee ownership offers a powerful reassurance to customers: when a Granite Countertop Warehouse team member comes into your home, you’re welcoming not just an employee, but an owner. Every installer, designer, and service professional now has a personal stake in the company’s success, which means they are deeply invested in delivering the highest level of craftsmanship, care, and respect.
September 25, 2025, Golley Slater, transitions to employee ownership via an EOT. David Longden, CEO, said: “This marks a major milestone in our journey – one that secures and adds real meaning to our independence, further engages and rewards our people. “This decision protects the culture, values, and long-term future of Golley Slater. The reaction from our employees and clients has been brilliant, and we’re excited about what this means for our future. “Our clients can expect the same high-quality service, innovation and strategic thinking, now delivered by an even more empowered and invested team.”
September 22, 2025, SMART Technology, transitions to employee ownership via an EOT. With the business now employee-owned, every member of the team has an even greater stake in maintaining the highest standards of service and system design for its clients, the company added. “When you build a team you always build for the future. For us, the EOT provided a structure that would guarantee both SMART’s independence and the continuance of the company’s mission, vision and values, which all stakeholders have contributed to since SMART’s creation in 2012,” said founder Ian Dixon.
September 15, 2025, Hallam, transitions to employee ownership via an EOT. “Becoming employee-owned is a big step in our commitment to creating positive impact across people, planet, and profit. “Unlike private equity-backed agency groups, Hallam is now majority owned by the people who do the work. That means our team has a direct stake in the business and a shared motivation to do the best possible work, day in and day out. “It’s a structure that reflects our values as a B Corp and our belief that better businesses deliver better outcomes for everyone.”
September 11, 2025, Colony Tire Corp, transitions to employee ownership via an ESOP. “This milestone ensures that the company’s legacy of customer service and community investment will continue for generations to come,” say Colony Tire officials. “By adopting an ESOP structure, Colony Tire and Atlantic Tire Distributors have chosen to reward the dedication of their employees, while keeping jobs, profits and decision-making rooted in the local communities they serve.”
September 11, 2025, CBRE NI, transitions to employee ownership via an EOT. “Moving to an Employee Ownership Trust marks an exciting innovation for our business, enabling us to grow further while enhancing our reputation and rewarding the people who make our success possible. It moves away from the more traditional partnership ownership model which was previously prevalent in the professional sector.
September 10, 2025, Wildlife Acoustics, transitions to employee ownership via an ESOP. “I want Wildlife Acoustics to continue serving our customers, employees, and community long after I’m gone,” said Agranat, who will remain CEO. “Selling to private equity or another company often erodes what makes a business special—its people, its culture, and its mission. Employee ownership ensures our values of equity, collaboration, and long-term thinking remain at the heart of everything we do.”
September 8, 2025, Peak Retreats, transitions to employee ownership via an EOT. Xavier said: “One of the reasons we chose to go down this route, as we thought about succession, is the confidence we have in knowing that Peak Retreats is going to continue to be run by people who truly care about it and will look after what we have built. This means continuity in our approach to clients, to delivering exceptional customer service, sharing our experience and developing new product.”
September 5, 2025, ACI Mechanical and HVAC Sales, transitions to employee ownership via an ESOP. “Celebrating 40 years in business alongside our newly named employee-owners makes this milestone even more special,” said Keith Glasch, president of ACI Mechanical & HVAC Sales. “An ESOP is our way of showing the people who have helped build this company that they aren’t just part of ACI, they are ACI. We want to keep that spirit alive, honor the work that has brought us here, and build a future that stays true to who we are.”
September 3, 2025, M. Glosser & Sons, transitions to employee ownership via an ESOP. “Transitioning to employee ownership is both a way to honor our legacy and to build our future,” Greg Glosser, president of M. Glosser & Sons, said in the press release. “Our employees are the heart of this company, and the ESOP ensures that they benefit directly from the growth and success they help create.”
September 3, 2025, Lowbury Construction, transitions to employee ownership via an EOT. Managing director Peter Flynn, who continues to lead the firm, said the move was about protecting both clients and staff. He said: “We’ve been working with most of our customers year on year, some of them for more than 40 years. “In exploring options for the future, our ambition was to ensure continuity and protect the interests of our clients and our people. Moving to employee ownership was the best way to achieve this.”
September 2, 2025, Jesmond Engineering Ltd, transitions to employee ownership via an EOT. Its founder Simon Walker said the move marked an exciting milestone. “From day one, nearly 21 years ago, we have been a highly motivated and dedicated team, so the democratic EOT model is ideal as it bolsters and rewards the commitment shown by all. “All staff are now participants in a structure that helps to secure the future of the company of which we are proud.”
September 2, 2025, Kleingers Group, transitions to employee ownership via an ESOP. This transition reflects the belief that our team members are at the heart of everything we do and ensures every project we deliver is designed by people who are personally invested in the success of our clients and communities. Every employee is now an owner, and together we’re transforming the future of Kleingers.
September 1, 2025, Hiyield, transitions to employee ownership via an EOT. “This is an exciting new chapter,” said Hiyield co-founder and senior developer Ben Short. “We’ve always aimed to do things differently – with transparency, collaboration, and care. Becoming employee-owned takes that to the next level and gives our team a real stake in the future of Hiyield.”
August 24, 2025, West Pharmaceutical Services, transitions to employee ownership via a shelf registration. This shift aligns with the company’s focus on high-value product (HVP) components and GLP-1-related demand, which require a stable, motivated workforce. The ESOP’s structure, via a shelf registration, grants flexibility to issue shares when market conditions are favorable. This contrasts with traditional ESOPs, which often lock in share issuance at fixed intervals.
August 22, 2025, Consumer Direct Care Network, transitions to employee ownership via an EOT. “By sharing ownership with the people who provide care every day, we are building a stronger company and a stronger future for the communities we serve,” adds Bledsoe.
August 20, 2025, BWFS Industries, transitions to employee ownership via an ESOP. Joe Butcher has ensured that its customer-centric operations and culture will remain in the hands of its very capable managers and employees, who will benefit in the long-run as owners through their participation in the ESOP,” said Cliff Atherton, managing director at GulfStar.
August 20, 2025, My Warehouse, transitions to employee ownership via an EOT. Andy Reedman of My Warehouse said: “It feels incredible that we are able to reward our employees for all of the hard work they have put into helping us build such a successful business.
August 19, 2025, Pye-Barker Fire & Safety, transitions to employee ownership via direct ownership through Ownership Works. The new broad-based incentive program provides team members with a tangible opportunity and shared responsibility to build a culture that makes them proud to call Pye-Barker “our company.” With a personal stake in Pye-Barker’s success, employees remain dedicated to exceptional customer service and safety while embracing new opportunities to demonstrate leadership in their teams and communities.
August 18, 2025, Lentech, transitions to employee ownership via an ESOP. Paul Dillahay, CEO of Lentech Inc., stated, “This transition to full employee ownership is a testament to our unwavering dedication to the extraordinary team that powers Lentech’s success. By becoming 100% employee-owned, we are not only securing a brighter future for our current employees but also creating an environment where innovation thrives through collective investment. This step strengthens our employee-centric culture and makes Lentech an unparalleled choice for professionals seeking meaningful impact in the defense, intelligence, and civil sectors. Lentech Inc. remains focused on delivering exceptional solutions to its civil, defense, and intelligence community customers, with this ownership model expected to drive continued growth and excellence.”
August 18, 2025, SCC, transitions to employee ownership via an EOT. SCC director Laura Buckley said: “The obvious benefit is that as employees become owners, performance improves, the relationship with the workplace improves and this creates a better environment for overall business growth. “But more than that, the move has protected the company and the 16 number of jobs we offer. “It has enabled us to stay rooted in Holywood and contribute to the town’s local economy and helped to retain our positive ethos and culture, things which could not be guaranteed from a buyout or takeover.”
August 18, 2025, HRI Munro Architecture, transitions to employee ownership via an EOT. Director Vicky Hazell said: “All successful businesses evolve, and the EOT model is particularly well-suited to creative organisations like ours. Our professional team is deeply invested in the success of the practice, and employee ownership strengthens that connection.”
August 15, 2025, Buttress Architects, transitions to employee ownership via an EOT. “Becoming employee-owned is a natural extension of our purpose,” said Gavin Sorby, the firm’s managing director. “It empowers our team, strengthens our independence, and ensures that our mission of designing for equity is reflected in our structure,” he continued.
August 13, 2025, Lucy and Yak, transitions to employee ownership via an EOT. Lucy Greenwood and Chris Renwick, co-founders of Lucy & Yak, said: “We’re now celebrating eight years of Lucy & Yak and we can’t quite believe what we’ve built in that time. None of this would be possible without our incredible teams, working hard behind the scenes to bring our vision to life. “We have decided now is the time to hand things over to our employees, converting the company into an Employee Ownership Trust. This means Lucy & Yak will soon be owned by the employees. We’ll be working behind the scenes with our teams to ensure a smooth transition which we expect to take around six months.
August 11, 2025, The Entertainer, transitions to employee ownership via an EOT. Gary Grant founder shared “This is a significant decision for the family, and one we haven’t taken lightly, but it feels like the right time to transfer our entire shareholding into an employee ownership trust.”
August 11, 2025, Metro Services Group, transitions to employee ownership via an ESOP. “This is a renewed commitment to our people and our future,” said Oddo who founded Metro Services Group three decades ago and built it into one of the industry’s independent leaders in cleaning and maintaining commercial real estate spaces. “It’s about recognizing the team that built this company and ensuring they have a real stake in its continued success. I plan to remain fully engaged as CEO, and I couldn’t be more excited about the strength and stability this brings to our clients and team alike.”
August 11, 2025, Kinney Construction, transitions to employee ownership via an ESOP. “Our team is now empowered to perform even greater than they did before,” said Tim Kinney. “Our leadership team comprises the same individuals who have shaped Kinney into what it is today, having been with the company since its inception. This is an exciting time, marking the start of the next phase in our evolution.”
August 7, 2025, David Spear Commercials, transitions to employee ownership via and EOT. David Spear, founder shared: “We’ve created something very special over the years, and I wanted to secure its future in the right way by placing it in the hands of the people who have helped make it what it is today. This move to employee ownership protects our independence, preserves our culture, and creates long-term opportunities for our team.”
August 6, 2025, Cheetham Hill Construction, transitions to employee ownership via an EOT. “There has always been talk about what the future of CHC would look like when the time came for me to take a step back,” said Howard Chamberlain. “The reality is this, the business has never been about one person. Our success has always been a team effort, and this move is about recognising that. I’m proud that this structure gives everyone a stake in our future and helps ensure CHC remains an independent, thriving business for years to come.”
August 5, 2025, Buckeye Boxes, transitions to employee ownership via an ESOP. “This successful ESOP conversion marks a defining moment in our company’s history, and it wouldn’t have been possible without the dedication, expertise, and tireless effort of our incredible team,” said Chris Pieroni, President of Buckeye Boxes, Inc. “From legal and financial intricacies to seamless internal communication, every challenge was met with unwavering commitment. I am deeply proud and grateful for the collaboration that brought this vision to life, ensuring a stronger, more inclusive future for everyone who makes this company what it is,” continued Pieroni.
August 1, 2025, S&H Express, transitions to employee ownership via an ESOP. Employee ownership promotes a culture of teamwork, innovation, and peer accountability,” said CFO/VP Finance David Ruiz, who added “We are looking forward to many successes in this new chapter of our company’s story and anticipate many positives from our new status as an ESOP.”
July 29, 2025,Galldris, transitions to employee ownership via an EOT. Galldris added the move “will help ensure sustainable growth and adaptability in an ever-evolving industry.” The firm said: “The establishment of the EOT allows employees to have a stake in the success of the company, promoting a sense of ownership and shared responsibility. “This initiative aligns with Galldris’ core values of collaboration, innovation, and dedication to quality, enabling the workforce to contribute actively to the company’s strategic direction and growth.”
July 29, 2025, ANA Holdings, transitions to employee ownership via an Employee Stock Ownership Plan Trust to enhance employee welfare, retention, and engagement, aiming to align employee interests with the company’s long-term strategy. This initiative is expected to improve corporate value by promoting asset formation and management participation among employees, with the company bearing any financial risks associated with stock price fluctuations
July 22, 2025, Clone Media, transitions to employee ownership via an EOT. Dalton said the shareholders had explored various potential exit options but had concerns over the potential for job losses and the loss of the company’s culture under an external buyer. “We’ve built something special and wanted to ensure that it continues long after we step back,” he explained.
July 22, 2025, Beck Suppliers, transitions to employee ownership via an ESOP. “For 75 years, Beck Suppliers has been a part of our family,” said Dean Beck, third-generation co-owner. “But it’s always belonged to the communities we serve. Transitioning to employee ownership simply recognizes what’s already true — our people are this company. They’ve built it, grown it and live its values every day.”
July 21, 2025, Atlantic Farms, transitions to employee ownership via an ESOP. “This transition makes us one of the first cannabis companies in Maine to adopt an ESOP model,” McLeod said in a news release. “As the industry matures and larger corporate players move in, we saw an opportunity to do something different: to build equity for the people who helped build the business.”
July 19, 2025, BluQube, transitions to employee ownership via an EOT. CEO Simon Kearsley said the move to employee ownership was a natural next step in the company’s evolution. “BluQube has always been about people,” he added. “This move protects the independence of the business, secures the culture we’ve built, and gives those who’ve helped shape our growth a direct stake in where we go next. “We’re not in this to chase hype or follow trends for the sake of them. We’ve always taken a longer view, and the EOT structure aligns perfectly with that approach – measured, considered and led by people who genuinely care about the business.”
July 18, 2025, The SEO Works, transitions to employee ownership via an EOT. CEO Ben Foster said: “Transitioning to an Employee Ownership Trust is a significant milestone for our business, ensuring that our team has a greater stake in our future success.
July 14, 2025, The Wonderful Creative Agency, transitions to employee ownership via an EOT. Dan Maudhub, founder of Wonderful, said: “This transaction is about legacy – not just ours as shareholders, but the legacy of the culture we’ve built. “Wonderful has always been about people – their ideas, their energy, their purpose. “Transitioning to employee ownership is the best way to protect and grow that. It gives the team ownership in every sense.
July, 10, 2025, Times Group Ltd, transitions to employee ownership via an EOT. “Transitioning to employee ownership allows us to preserve everything we’ve worked hard to build over the past eight years, and ensures the business continues in the same direction, with the same people.
July 10, 2025, Baker Roofing Company, transitions to employee ownership via an ESOP. The ESOP structure provides a strategic, long-term succession plan that preserves Baker Roofing’s independence while aligning with its mission-driven culture. The company remains privately held, with no outside ownership – a deliberate decision to prioritize employee well-being, customer continuity, and cultural consistency.
July 10, 2025, The Parking Spot, transitions to employee ownership via KKR.
July 9, 2025, RPM, transitions to employee ownership via an EOT. “After more than three decades as an independent agency, becoming employee-owned feels like the right next step,” said Dom Robertson, managing director. “This transition protects what makes RPM special – our people, our values, and our independence – while giving our team a real stake in our future.”
July 7, 2025, Gartley & Dorsky, transition to employee ownership via an ESOP. “We believe the strength of Gartley & Dorsky has always been our people,” said the company’s president, William Gartley. “By forming an ESOP, we’re investing in our employees’ futures while preserving the culture and client focus that have made our company what it is.”
July 7, 2025, C4S Search & Zero Global, transition to employee ownership via an EOT. Alex Hamilton, a director at Zero Global and C4S Search, said the move to employee ownership is a testament to the people behind that growth. “Employee ownership reflects a deep commitment to the values, culture, and people that have driven the company’s success,” Hamilton said.”It’s also a win for clients, who benefit from working with a team that’s personally invested in delivering long-term value, not short-term wins.”
July 6, 2025, Bevcomm, transitions to employee ownership via an ESOP. The transition to employee ownership reinforces the company’s dedication to fostering a culture of collaboration, enhancing employee engagement, and ensuring long-term stability for customers. “This transition is an incredible opportunity for our employees and the future of Bevcomm,” says Bill Eckles. “By becoming employee-owned, we share our future success with the people who have made it happen.”
July 5, 2025, Farm Carbon Toolkit, transitions to employee ownership via an EOT. Michael Brown, staff trustee director, said: “Our staff are a major resource and will be well known to many of you on farms and across the industry. “Our new governance structure ensures their voices are heard and reflected in the long-term stewardship of the organisation on a formal basis. Henry Unwin, director trustee and FCT non-executive director, said: “This is a significant moment for FCT. “Moving to employee ownership not only honours the roots and history of the organisation but also recognises its greatest assets: the people who work here.”
July 3, 2025, Garland Mill transitions to employee ownership via a worker cooperative. “This is about resilience and stewardship,” said founder Ben Southworth. “We want Garland Mill to thrive long after any one of us. Becoming a cooperative gives our team real voice and shared responsibility, while preserving the values we’ve built this company on. Personally, I’m excited to become one of the owners instead of the owner, and to work with this extraordinary team for at least another decade.”
July 3, 2025 SEO Works, transitions to employee ownership via an EOT. CEO Ben Foster said the move to employee ownership is a natural next step for the agency. “I’m incredibly excited by this development,” he said. “Our transition to being employee-owned is the perfect evolution, reflecting who we’ve always been – a business driven by its people.
July 1, 2025, Texel, transitions to employee ownership via an EOT. ’It preserves our culture and values and protects the group for future generations,’ says chief executive
June 25, 2025 Harriet Kelsall, transitions to employee ownership via an EOT. This means the team who have helped shape the company’s successes are now key stakeholders in its future. Founder director and executive chair Harriet said: “I’m extremely happy of this transition—it’s something I’ve been working towards for a long time. “In many ways, our company has long run with the spirit of an EOT, with a leadership structure and collaborative management style.
June 23, 2025, Cambrian Training Company, transitions to employee ownership via an EOT. “CTC’s workforce is very much the heart of our business and the reason for its success”, says Arwyn Watkins OBE, Executive Oversight Advisor, CTC Group. “As the company celebrates 30 years in business, the company’s previous shareholders thought it was the right time for CTC to become a 100% employee ownership trust; allowing all of its staff to have a personal stake in the next successful chapter of the company’s business.
June 22, 2025, Amberleigh, transitions to employee ownership via an EOT. There has been an ongoing increase in the involvement of private equity backed businesses in children’s social care and we wanted to find an alternative route that was more sustainable and ethical.
June 17, 2025, BFY Group, transitions to employee ownership via an EOT. “The transition to an Employee Ownership Trust offers our employees an even stronger voice in the direction and decisions that shape the company’s future,” said Barker. “At the same time, it helps build commitment to a future that is both sustainable and rewarding for our people, allowing us to achieve the best outcomes for our clients and employees.”
June 14, 2025, Penn Fencing, transitions to employee ownership via an ESOP. The company said its goal with the program is to protect and retain top employee talent, and it is currently 100% employee-owned.
June 10, 2025, Globexair, transitions to employee ownership via an EOT. “This is a key milestone for the company,” said Peter Wigmore, founder and majority shareholder of Globexair. “I would like to thank our amazing team of individuals at Globexair, as well as our loyal customers who have all been so valuable to our success as a company. “I look forward to being part of this next stage of the company’s exciting journey.
June 10, 2025, Tahoe Restaurant Group, transitions to employee ownership via an ESOP. “This couldn’t have happened without all the incredible team members that have built this organization,” said Founder and CEO Ray Villaman. “One person cannot do all this and that’s what this celebration is about.” “From the beginning, we have believed that the foundation of any great business is its people. By hiring talented individuals, providing high quality training, and fostering a culture of respect and growth, we’ve been able to build something truly special.”
June 9, 2025, Celing2Floors, transitions to employee ownership via an EOT. Brian Crombie said: “This was the logical step for us to take. Most of our staff have been with us for a long time and we’ve a great management team. Becoming an EOT is an investment in them, allowing everyone to share further in the future success of the business.”
June 8, 2025, Wetrooms International Group, transitions to employee ownership via an EOT. “Becoming an EOT opens opportunities for our people to develop their careers, brings benefits to us and provides a level of comfort and confidence to the staff, suppliers and customers we work with that Bill and I are still here.
June 5, 2025, Madison Global, transitions to employee ownership via an ESOP. “Since founding Madison in 1974, I’ve always believed that great companies are built by great people,” said Werner Haase, Founder and Executive Chairman. “This transition ensures that our team—who have always been the heart of our success—are now also the stewards of our future. It’s a proud moment and a natural evolution of our values.”
June 4, 2025, ERW Site Solutions, transitions to employee ownership via an ESOP. “When we looked at all the options, management and ownership really wanted to focus on what was the most important to them, and that was creating a legacy business, creating longevity, creating protection and enrichment for their employees,” said Joe Stewart, the company’s VP of sales and marketing. “This business is built on the back of those employees who are out there every day in the field. And how best was it to protect that legacy and to reward that? And that’s when we started exploring an ESOP transaction.”
June 3, 2025, Newyln, transitions to employee ownership via an EOT. Last year the boards of Newlyn Group Holdings and Newlyn plc decided that the EOT route provided a pathway to ensuring the civil enforcement agents’ continued independence in a market subject to company amalgamations and takeovers.
May 29, 2025, Union Group, transitions to employee ownership via an EOT. Ian McAteer, Chair and founder of the Union said: “We built the Union on the idea of, well, a ‘union’ – based on the principles of equality, respect and fairness. An EOT is therefore a natural next step. It rewards the people who have made the agency what it is, and protects our independence, creativity, and culture for the long term. I’m incredibly proud of what we’ve achieved over the last 30 years, but I am equally excited for what’s to come. Our clients and suppliers can rest assured it’s business as usual, and I fully expect there’ll be an extra spring in our step and our service following this news.”
May 29, 2025, Guest Walker, transitions to employee ownership via an EOT. Director Sean Gallagher said: “We are proud to announce that Guest Walker is now 100% employee owned. This reflects our ethos and values, which have been built very much around our employees, ensuring long-term security for the firm. “The EOT will support the growth of Guest Walker by empowering and recognising staff input at all levels in the business. It also allows every employee to have a stake in our success financially, which we hope will continue to motivate staff and reward them for their ongoing contributions.”
May 27, 2025, Heads Resourcing Group, transitions to employee ownership via an EOT. Chairman Rupert Gaster said: “I’m delighted that we’ve been able to put this deal together to enable Heads Resourcing Group’s legacy to continue long into the future. “I’m particularly pleased that this will reflect the dedication and hard work of the team and that their loyalty will be reflected in the long-term success of the business. “This also initiates the start of a succession plan that will enable the group to continue to grow and flourish long into the future. “I’m immensely proud of the value Heads continues to add in our sectors and am excited for the future ahead.”
May 21, 2025, EHC, transitions to employee ownership via an ESOP. “With strong financials and a bright outlook, EHC’s future is brighter than ever,” said Tony Hamilton EHC President. “The ESOP empowers our current and future employees, strengthens our culture, and ensures that everyone shares in the rewards of our continued growth and success. Together, we are building a legacy where every employee is invested in EHC’s future.”
May 24, 2025, TEIS, transitions to employee ownership via an ESOP. The organization hopes this will enhance employee engagement, foster a stronger sense of ownership and support its growth by serving more children.
May 12, 2025, Tioga, transitions to employee ownership via an EOT. The decision to sell Tioga to its approximately 150 staff was made to safeguard jobs and ensure a smooth transition for the team, suppliers, stakeholders, and customers alike.
May 9, 2025, Zachau Construction, transitions to employee ownership via an ESOP. “Zachau has always been about building more than just buildings — we’ve built a company centered on relationships, doing good work and doing the right thing,” said Jeff Zachau, the firm’s CEO. “Becoming 100% employee owned is a natural extension of who we are.”
May 6, 2025, United Auctions, transitions to employee ownership via an EOT. George Purves, a trustee director of the United Auction Employee Ownership Trust, said: “This deal represents an exciting step forward for United Auctions, as well as the wider agricultural sector, and we are so pleased to be able to develop as a business while retaining our unique character, developed over 167 years.
May 6, 2025, TMM Recruitment, transitions to employee ownership via an EOT. “This employee ownership trust is our way of recognising and rewarding the people who have been instrumental in making TMM Recruitment what it is today,” McCulloch said in a press release. “It’s not just a business transaction; it’s a commitment to our team’s future and a testament to the collaborative spirit that defines us.”
May 2, 2025, Sebright Products, transitions to employee ownership via an ESOP. The ESOP structure will provide employees with benefits, Sebright says, including:
The company says this transition to employee ownership will further strengthen its ability to innovate and meet the needs of its customers.
May 1, 2025, Ryder Architecture, transitions to employee ownership via an EOT. Mark Thompson, managing director at Ryder, said: “Having recently celebrated our 70th anniversary, this is an exciting and positive step in Ryder’s journey. By becoming an EOT, we are securing the future of the company and importantly maintaining all the elements that have made us so successful to date – our strong culture and identity, our reputation for excellence, and an unwavering commitment to develop, retain and reward our people who are at the very heart of our business.”
April 29, 2025, TH March, transitions to employee ownership via an EOT. TH March, a jewellery and allied trades specialist broker, is transitioning to an employee ownership trust, in a strategic move it said secures the company’s long-term independence. The move also recognises the “invaluable contributions” of its employees to its success, TH March explained.
April 29, 2025, Synapse Energy Economics, transitions to employee ownership via an ESOP. As Synapse grew, leadership recognized the need for a structure that supports long-term planning and keeps decision-making rooted within the organization. By establishing a 30-percent partial ESOP, Synapse is taking a deliberate step to ensure that those who contribute to its impact also share in its future. Employee ownership aligns naturally with Synapse’s values: empowering staff, preserving independence, and maintaining a workplace culture rooted in collaboration, equity, and long-term thinking.
April 28, 2025, Viage Group, transitions to employee ownership via an ESOP. “When Barry and I founded the company, we had a vision in mind of providing a paramount sales and service experience to our customers,” Eddie Russell said in a statement. “As we’ve grown, our employees have carried our vision to another level and created a priceless culture. As we, the original owners, get older and look to the future, it’s clear to see our future is right in front of us with our dedicated staff. Creating an ESOP just made perfect sense to reward all their hard work.”
April 24, 2025, Parsons Bakery, transitions to employee ownership via an EOT. But in the last few years, majority share holders Nick and Nicola Parsons have stepped back from the business. Now it is hoped a John Lewis-style trust will ensure the bakery will remain independent and “rooted in the communities it has served” for 99 years. “For generations, our family has been at the heart of this business, but we’ve always known that our employees are what truly make it thrive,” said Mr Parsons. “Now, as we take a step back, we do so knowing Parsons is in the best possible hands – those of the people who bake, serve and keep it running every day.”
April 23, 2025, Hines Pool & Spa, transitions to employee ownership via an ESOP. “Our employees are the foundation of our business which focuses on all aspects of pools—from new pool construction and renovations to maintenance, repairs, and our pool supply store,” said Andy Hines, Founder & President of Hines Pool & Spa. “This transition allows us to write the next chapter of our incredible story and I could not be more excited. We’ve always had a high-involvement ownership culture, and this move takes it to the next level.
April 23, 2025, Britt Rice Electric, transitions to employee ownership via an ESOP. “There’s a culture here we didn’t want to lose,” said Blanton, who has spent 33 years with the company. “We have spent decades building a name based on quality, experience and reliability. Keeping this business in the hands of our employees protects that legacy and positions us for growth.”
April 17, 2025, Gilbert-Ash, transitions to employee ownership via an EOT. Gilbert-Ash Managing Director, Ray Hutchinson, said We are confident that the transition to an EOT is firmly in the best interests of our people, the future success of our business and retains our roots as an employee-owned company. “As an employee-owned company we have seen the benefits of improved loyalty, productivity and innovation from our people, and we believe moving to an EOT will enhance these values even more.
April 17, 2025, HL Stearns, transitions to employee ownership via an ESOP. “Creating an ESOP was a natural next step for our company,” said Shawn Golden, president/CEO of HL Stearns. “We’ve always believed that our employees are the heart of what we do. This transition allows each of them to share directly in the value they help create every day.” The ESOP provides employees with an ownership stake in the company at no cost to them. It also offers significant benefits, including enhanced retirement savings, increased employee engagement, and a strong foundation for continued growth and innovation.
April 14, 2025, Red Blaze, transitions to employee ownership via an EOT. “For years, our company has been built on teamwork, dedication, and a shared passion for delivering excellence, whether it be a client retreat, incentive travel programme, or corporate social responsibility,” the agency said in a statement. “As we looked to the future, we wanted to ensure that these values remained at the heart of our business. By transitioning to an EOT, we are securing long-term stability, rewarding our team’s hard work, and fostering an even greater sense of commitment and collaboration.”
April, 9, 2025, Crawford Architecture, transitions to employee ownership via an EOT. Senior architectural technologist Allanah Ogilvie commented: “This move means we all have a voice in helping shape the firm’s future. “We’re no longer just employees, we’re shaping something we believe in together and all aligned with a shared vision.”
April 9, 2025, BW Interiors, transitions to employee ownership via an EOT. The firm’s chief executive Steve Elliot said the move “secures our future as an independent business, built to last”.
April 9, 2025, Searchability, transitions to employee ownership via an EOT. “Our people are key to our success at Searchability,” Martin Blythe, founder and trustee director, said in a press release. “By empowering employees with a sense of ownership, more opportunities to innovate and exciting future career prospects, we are ensuring Searchability thrives as a recruitment company of choice for the tech digital industry.”
April 8, 2025, Furrows, transitions to employee ownership via an EOT. Chairman Nic Coward said: “For as long as I can remember we have always talked about the Furrows Family and our way of doing things. “We have always believed in the power of being firmly rooted in the community and working to create the best possible service for our customers. It was very important to my Dad, John Coward, when he was leading the business and remains just as true today. “When thinking about the future, creating an Employee Ownership Trust was the obvious choice to preserve all that makes the business special, in an exciting new way.”
April 7, 2025, Holden Smith, transitions to employee ownership via an EOT. Director David Bancroft said: “We founded Holden Smith to do things differently and becoming an employee-owned firm is a significant milestone in the firm’s journey. “As we enter our sixth year of Holden Smith, it’s crucial for us to consider how we can achieve sustained growth and retain the exceptional talent that has helped shape our success. “Becoming an employee ownership trust helps to secure the future of the firm while also aligning the interests of our employees with those of our senior leadership team and our long-term vision.”
April 4, 2025, Electric Power Engineers, launches employee ownership via direct ownership MyShare. The EPE MyShare program reflects EPE’s enduring belief that shared success drives long-term value – for our employees, clients, and communities. The program is available at no cost to full-time team members and is provided in addition to their base pay and benefits. Designed to cultivate a sense of ownership and shared purpose, the EPE MyShare program ensures that EPE’s people are rewarded for the impact they make.
April 4, 2025, Westerby Group, transitions to employee ownership via an EOT. “The time is right for me to transfer my shares for the benefit of our very dedicated, enthusiastic and hard-working employees,” said McLintic. “We have thrived through the many challenges over the past four decades to become the flourishing, successful business we are today. “I firmly believe that my decision to give our staff this meaningful stake in the future of Westerby is the best way to build on our legacy of success in future decades.”
April 4, 2025, Redcliffe Imaging, transitions to employee ownership via an EOT. Mr.Burr said “I chose an employee ownership trust as a viable exit route as I considered it was the best way to acknowledge the massive contribution of the long-serving employees of Redcliffe. It also had tax advantages for both myself and the employees.
April 3, 2025, Cambrian Training Group transitions to employee ownership via an EOT. “The decision to move towards an EOT rather than opting for a trade sale was motivated by the desire to sustain the company’s culture, values, and commitment to quality over the long term. “We saw the potential for an employee-owned future as a way to ensure that Cambrian Training Group would remain true to its mission of delivering exceptional training services across Wales, particularly in the face of the challenges posed by post-Covid business recovery.
April 3, 2025 GreatLife Golf & Fitness, transitions to employee ownership via an ESOP. “Tom Sr.’s big passion is everything we’re doing in the community with kids and families and offering a way to keep families active and healthy together. Now, it’s something that can continue forever because it will be locally owned and provide great opportunities for team members as owners.”
April 2, 2025, Family Law Partners, transitions to employee ownership via an EOT. “This is a huge step in our journey, but one that is very much in line with the values we’ve built this firm upon,” Alan Larkin, co-founder of Family Law Partners, added “The EOT structure allows us to give back to the people who have made Family Law Partners what it is today – our brilliant team. It reinforces our vision of putting our people at the heart of everything we do and ensures that we continue to innovate, grow, and look to the future of the firm and its place in family law with confidence”.
March 22, 2025, Future Platforms, transitions to employee ownership via an EOT. This strategic move to employee ownership further demonstrates the company’s commitment to its talented team, long-term stability, and collective ambition.
March 21, 2025, Grantbook, transitions to employee ownership via an EOT. “It was kind of like a jagged, ragged journey, crunching through the problems for which the answer was an EOT and then finally stumbled on it at the last minute at the end of 2024,” says Nikki Barrett, chief executive officer at the firm.
March 19, 2025, Ames Construction, transitions to employee ownership via an ESOP. The Ames family takes great pride in the accomplishments achieved together over the last six decades, Board Chairman Butch Ames said at the town hall, and the company is strong, stable, and positioned for continued success and; that the Ames family of owners believes that the right thing to do is to entrust Ames Construction to the people who helped build it.
March 17, 2025, Loop Agencies, transitions to employee ownership via an EOT. LOOP Agencies’ Co-founders Vicky Hope and Ed Vickers said: “From the start at LOOP, we have wanted to prioritise our people and put them first, encouraging a commercial approach to creativity, with a niche focus on regulated industries, to deliver exceptional results.” Vicky Hope added: “While we actively considered other options, including private equity and external acquisition interest, employee ownership was by far the best choice to live our people-first values.” “We set out to build a different type of agency, putting people and the new in-house approach to marketing at its core, now with the tangibility of employee ownership to fuel the next stage of growth and our legacy.”
March 13, 2025, Pest Control Supermarket, transitions to employee ownership via an EOT. Allister Ashmore, managing director at PCS, said: “Transitioning to an EOT was a strategic decision to safeguard the future of the business, ensuring our employees have a real stake in its ongoing success. As a business with strong roots in Sheffield, ensuring local jobs and the long-term stability of PCS were key considerations in this transition.”
March 12, 2025, Fiore & Sons, transitions to employee ownership via an ESOP. Fiore & Sons, Inc. employees will now experience a more integral role in the company, impacting engagement, influence, and overall long-term success. While the newly formed ESOP will be greatly impactful on the Fiore brand and future direction, the Fiore family does not have immediate plans to change its current management structure. Butch Fiore will remain the corporation’s president and his brother, David Fiore, will continue to serve as COO and treasurer.
March 12, 2025, Purson Park Ltd, transitions to employee ownership via an EOT. John Buitekant, founding shareholder and chief executive at Purston Park Ltd, said: “When we started this journey, we were driven by a passion for FMCG retail. Today, as we pass the baton to the team, we do so with deep gratitude and confidence that Purston Park is in the best hands possible – those of the people who know and care for it the most.”
March 12, 2025, LMC Construction, transitions to employee ownership via an ESOP. This transition ensures our long-term success while preserving the core values and culture that have defined us!
March 4, 2025, Jim’s Formal Wear, transitions to employee ownership via an ESOP. “The transition to an employee stock ownership plan secures the company’s future while empowering our employees with a meaningful stake in its success,” said Steve Davis, CEO of Jim’s Formal Wear. “We chose to transition ownership to our employees as a way to honor their dedication, talent, and hard work. This move also empowers our team to take an active role in shaping and participating in the benefits of our future growth while preserving the principles and culture that define us. I believe this new structure will drive innovation and long-term success.”
March 3, 2025, KieranTimberlake, transitions to employee ownership via an ESOP. “This next step reinforces our values, ensuring that the future of the firm is shaped by the talented individuals who have been integral to our growth. As part of this transition, KieranTimberlake will continue to be governed by a seven-person management group, representing all areas of the practice,” the office added. “This expanded leadership structure will provide a balanced and forward-thinking approach to guiding the firm in the years to come.”
February 28, 2025, Butler Consulting, transitions to employee ownership via an EOT. Founder Robert Butler, who will continue to lead the firm, said: “This change allows them to share further in our success and offers opportunities for them to advance their careers. “We also anticipate the move to employee ownership will help us recruit new talent into the business.”
February 26, 2025, Key Construction, transitions to employee ownership via an ESOP. “Choosing the ESOP path as part of our succession plan was an obvious choice for Key Construction. From the beginning, we knew that our dedicated employees were rightful owners given their role in building Key Construction to the company that it is today,” said Dave Wells, President of Key Construction. “As owners, we were honored to pass the ownership torch to employees and work to help them achieve their long-term retirement goals.”
February 24, 2025, Engen, launches employee ownership via an ESOP. The Engen ESOP will be managed by the Engen Employee Trust, through which employees will initially own 5% of Engen Petroleum (Pty) Ltd. This ensures that through the Engen Employee Trust, employees have a direct financial stake in the company’s success. “The ESOP allows our employees to share in Engen’s financial success, fostering greater alignment and teamwork across the organisation.”
February 23, 2025, Findorff, transitions to employee ownership via an ESOP. Matt Breunig, Findorff’s vice president of operations, believes it’s the best move to retain and attract good people and maintain a strong company culture. “As we look forward to the future and what we could do to make sure that we were doing what’s in the best interest of our employees, but also to set Findorff up for success long into the future,” Breunig said.
February 21, 2025, Optagon Group, transitions to employee ownership as an EOT. Founders Tom and Tina Cullingford made the strategic decision after declining a lucrative acquisition offer from a larger organization. The Cullingfords emphasized their commitment to preserving the company’s independent trajectory and rewarding the team’s collective efforts in building the business.
February 20, 2025, Impact of Minnesota Inc, transitions to employee ownership via an ESOP. “We decided to implement the ESOP plan because we are excited about the direction the company is headed, love the idea of employee ownership, and feel that it will create an environment that fosters tremendous pride in the work we produce.”
February 18, 2025, SVN International, transitions to employee ownership via an ESOP. “I’m excited that this structure provides highly engaged support and leadership succession over the next 50 years and beyond. As each individual on our corporate support team retires, our next generation will already be in ownership and leadership roles, both at the corporate support level and with individual office owner/operators,” said Sarah Vincent, Executive Vice President of SVN.
February 18, 2025, The Parking Spot, transitions to employee ownership via KKR. At The Parking Spot, our employees are the foundation of the exceptional service and convenience we provide to travelers across the country,” said Tim O’Malley, President and CEO of The Parking Spot. “By giving our team members an ownership stake, we are reinforcing our commitment to their success and financial well-being while ensuring they share in the company’s continued growth.”
February 17, 2025, ACC Aviation, transitions to employee ownership via an EOT. Philip Mathews, CEO of ACC Aviation, explained: “Our business is built on people – our employees and the relationships they cultivate with customers and suppliers. “The move to an Employee Ownership Trust ensures that our team is directly invested in the company’s success and offers employees a stake in ACC Aviation’s future.”
February 17, 2025, Mech Tech Professionals, transitions to employee ownership via an EOT. Explaining the decision to move to an employee-ownership model, the firm’s founder and managing director, Jonathan Hamm, said: “This move is testament to our dedication to both our team and our clients. “By becoming employee-owned, we are not only securing the future of Mech Tech Professionals but are also empowering our employees to take an active role in shaping that future.”
February 17, 2025, Cars 2, transitions to employee ownership via an EOT. Now employing over 250 staff, Cars 2 has expanded significantly since its incorporation in 2006, where it started as a single site used car business. The rewards of future growth will now be enjoyed by the employees, through the Employee Ownership Trust scheme. The EOT scheme has allowed Allan Otley, shareholder, to realise the value in his business, whilst retaining the strong brand, ethos and culture of success in Cars 2.
February 14, 2025, WoJo, transitions to employee ownership via an ESOP. “We have many customers that tell us they love to shop here, and we did not want to simply close the doors someday and let the place rust away,” Wojciechowski says. “Most of our employees have also said they would rather we keep the culture and community involvement that we have grown. They were concerned about what would happen if we sold the business to a third party.”
February 14, 2025, Rees Bradley Hepburn, transitions to employee ownership via an EOT. “When it came to deciding upon the future of RBH we simply reverted to our original founding intention, that we will always want this to be ‘our agency’. The EOT allows RBH to stay in charge of its own future and protects the opportunity for all RBHers to make a good and happy living. “It allows people to work in and own a company they can be proud of.”
February 6, 2025, American Dream Home Services, an employee-owned approach for family run HVAC, plumbing and roofing companies. The company offers business owners a comprehensive exit strategy that provides immediate fair market value while preserving company legacy and rewarding employees through an Employee Stock Ownership Plan (ESOP). This approach presents a strategic alternative to traditional private equity acquisitions that often disrupt local businesses.
February 5, 2025, CORE, transitions to employee ownership via an EOT. “I had been considering how I could wind down in the coming years, but I still wanted to stay involved in the short term and evolve the management team to secure the future of CORE. We have such an amazing team and client base, many of whom we have been working with for years. I want to ensure they’re all looked after and that we do the right thing,” Richmond said.
February 4, 2025, American Structural Concrete, transitions to employee ownership via an ESOP. “At American Structural Concrete, we spent several years developing a sustainable business including being certain of the management’s capabilities in the event something happened to the owners. Included in our definition of a sustainable business was the concept of the company’s culture,” said Brack Maggard, President & Partner of ASC. “After a considerable amount of thought given to the various other potential buyers, it became obvious that selling to the employees was the only way forward in order to maintain the Company’s culture which is integral to the success of the Company.”
February 4, 2025, Castlet Holdings, transitions to employee ownership via an EOT. The move to an EOT was the result of advice from Sills & Betteridge Corporate Partner Euan McLaughlin.Having provided remedial advice on various shareholder issues in the past, McLaughlin proposed to the board that an EOT was the key to the long-term stability and success of the business – which was already owned by a group of its employees.
February 2, 2025, Frameworks, transitions to employee ownership via an EOT. Speaking about the decision, Terry Brissenden, Founder of The Frameworks, said: “This is an incredibly proud moment in The Frameworks’ history. For 35 years, our people have been the driving force behind our success, and this transition is a natural step to ensure their efforts are recognised and rewarded. “I’ve always believed that the best work happens when people feel valued and invested in, and employee ownership will only strengthen our culture and our ability to deliver exceptional results for clients.”
February 1, 2025, Williamsons Solicitors, transitions to employee ownership via an EOT. Clubley, who joined Williamsons around 25 years ago, said employee ownership would have far reaching benefits including improved performance while protecting the integrity of the firm. She added: “It will build on our unique and collaborative culture, beloved by both staff and clients, while shielding us from acquisition or a management buyout which would place power in the hands of a few. “All staff will have the opportunity to become more involved in decisions, but it will feel like business as usual,” she added.
February 1, 2025, Taylor’s Eye Witness, transitions to employee ownership via an EOT. “The priority is to ensure that Taylor’s Eye Witness can prosper as an independent business while maintaining our reputation for excellence. Our success is built on the dedication of our employees, and this step is about securing that for the long term,” he said.
January 31, 2025, TynanGroup, transitions to employee ownership via an ESOP. “The ESOP secures the future of our firm and gives our employees ownership in the exciting growth we have planned in the years to come,” said CEO John Tynan, who will be joined by president Brian Nystuen and CFO Dave O’Dell on the ESOP’s Board of Directors. “After exploring multiple options for succession planning, we found that the ESOP most closely reflects TynanGroup’s values of an employee-centric organization,” said Tynan.
January 29, 2025, Benchmark Group, transitions to employee ownership via an ESOP. “We are excited for this new chapter in our history,” President David Kimball said. “It’s important to ensure the continued growth and success of Benchmark Group, which was founded in 1978 and built by Paul C. Parks. This benefits not only the future of the company but also every team member.”
January 28, 2025, Shamrock Companies, transitions to employee ownership via an ESOP. We are thrilled to embark on this new chapter as an employee-owned company,” said Gary Lesjak, Chief Executive Officer/CFO of The Shamrock Companies. “This transformation aligns with our values and strengthens our commitment to delivering personalized service to our customers. Our employees are at the heart of everything we do, and becoming an ESOP enables them to take an even more active role in shaping the future of the company and the experience we offer our customers.”
January 27, 2025, Findorff, transitions to employee ownership via an ESOP. “Our success is a direct result of our people, and we want them to more deeply benefit financially from their own hard work,” said Findorff President & CEO Jim Yehle. “We’re proud to be employee owned and reward our talented team for the dedication they demonstrate every day. We look forward to continuing to deliver outstanding results for our clients in this exciting new chapter.”
January 24, 2025, Barnfield Construction Group, transitions to employee ownership via an EOT. “The shift to Employee Ownership Trust status marks a significant milestone for us. We believe that empowering our employees to become owners will not only enhance our workplace culture but drive our success as a company. The Webber family will remain a vital part of the business beyond this transition and are committed to ensuring that Barnfield Construction and subsidiary Group companies continue to be leaders within the industry.”
January 23, 2025, JDS Industries, transitions to employee ownership via an ESOP. “I was looking at a sale at first because that’s the easiest exit,” Sletten said. “And the more I looked at it, there were risk factors. We’re a very, very big company in a small industry. The impact to employees, to vendors, to customers if things didn’t go well with a new owner was too big of a risk factor. I was very open with my senior team, and they said: ‘We’re confident we can help run this company. Would you be open to alternative like an ESOP?’”
January 23, 2025, Atlas transitions to employee ownership via an EOT. Chris Wisely, CEO of Atlas, said: “Transitioning to 100 per cent employee ownership is a proud and defining moment for Atlas. This move reflects our purpose of creating happiness for ourselves and others by giving every employee a real stake in our success. It strengthens our culture, drives innovation, and deepens our commitment to delivering exceptional service for our clients. We’re thrilled to lead the way in our industry.”
January 21, 2025, Tree-Free Greetings, transitions to employee ownership via an ESOP. Tree-Free Greetings became an employee-owned company through the establishment of an employee stock ownership plan effective Dec. 1, according to Webb. The transition marks a significant milestone in the company’s history, Webb said, as it reinforces the business’ commitment to its employees, their long-term success and the community. “[Steve] knew he could have sold the company to any of our competitors, but that means the company gets gobbled up, jobs don’t stay in Keene,” Webb said Tuesday afternoon. “It was really important for him to set this up, so that in a way Tree-Free would stay in Keene.”
January 16, 2025, TynanGroup, transitions to employee ownership via an ESOP. “The ESOP secures the future of our firm and gives our employees ownership in the exciting growth we have planned in the years to come,” said John Tynan, who will continue at the helm of the company as CEO. Tynan will be joined be President Brian Nystuen and CFO Dave O’Dell on the ESOP’s board of directors. “After exploring multiple options for succession planning, we found that the ESOP most closely reflects TynanGroup’s values of an employee-centric organization,” said Tynan. “Our people are at the center of what we do, and the ESOP ensures that they share in the financial success of the business and their hard work.”
January 15, 2025, Stewart Transport, transitions to employee ownership via an ESOP. Stewart saw the importance of a succession plan that would preserve the hard work that built the culture and integrity of Stewart Transport over the last 30 years, and the ESOP was a natural choice. “Stewart’s success came from the passion and commitment of our employees, and it was important to me that our team’s loyalty was rewarded by providing a better future for them,” said Stewart.
January 14, 2025, RaeburnFarquharBowen, transitions to employee ownership via an EOT. Co-founder Sheena Raeburn said: “We have always operated very inclusively and transparently and this move to employee ownership reflects who we are; it seemed an obvious and natural step for us to take.” Associate Lisa McRavey, added: “By placing ownership in the hands of employees, the firm is creating an environment where shared purpose and collaborative innovation will thrive.”
January 14, 2025, Hi-Heat Industries, transitions to employee ownership via an ESOP. Hi-Heat’s new employee-owned structure supports the Company’s commitment to innovation, growth, and service. This transformation is a reward for the team’s loyalty and hard work and a strategic decision to foster a more productive and service-oriented workplace culture.
January 13, 2025, Invariant Corp, transitions to employee ownership via an ESOP. “When Brent Spears, Brett Gossage, and I founded Invariant two decades ago, we built the company on the belief that our employees are at the heart of everything we do,” said President David Anderson. “The launch of this ESOP is the natural next step in our growth story, allowing our team to share in the success they’ve helped create and reinforcing our collective commitment to innovation and excellence.” The decision to implement the ESOP aligns with Invariant’s long-term vision, reaffirming its dedication both to its employees and to the defense industry.
January 13, 2025, Vollers, transitions to employee ownership via an ESOP. his transition marks a significant milestone in the company’s history, reinforcing its commitment to its employees and ensuring the longevity of the company’s legacy. In 2024, VOLLERS celebrated 75 years in business.
January 13, 2025, Main Street Homes, transitions to employee ownership via an ESOP. Founded by Vernon McClure in 1996, Main Street Homes has been guided by a singular goal: to build new homes with quality, value, and style. Main Street Homes has continuously evolved while staying true to its core purpose: “Building Value in Our Community.” The transition to an employee-owned structure ensures the company remains locally owned, independent, and dedicated to what matters most: its people, customers, and partners.
January 7, 2025, Pettinelli Financial Partners, transitions to employee ownership. “We’ve always taken great pride in delivering the service experience our clients expect and deserve, and the completion of our strategic repositioning as a 100% employee-owned firm furthers our ability to do just that,” said Jon Pettinelli. “With four new committed owners, we are better positioned than at any other time in our firm’s history to accelerate our growth and success by further elevating the quality and sophistication of the service experience we deliver to seek multi-generational wealth for our clients.”
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