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 December 16, 2024

December 13, 2024, Apex, transitions to employee ownership via an EOT.  Griffin said: “We had two or three other companies come in to try and buy us, but the offers on the table just didn’t feel right. We like to think we treat our people well and many of our employees have been with us for many years. A trade buyer would basically have been buying our order book. The interests of the employees wouldn’t have been a priority.”He added that the directors decided to explore other avenues and heard about EOTs.
“The more we looked into that, the more we felt this was the route to go down. It gives us a long-term exit strategy and ensures we have something in place which leaves a legacy,” he explained.

December 11, 2024, Primacare Group, transitions to employee ownership via an EOT.  This transition allowed the shareholders to realise the value of the business while creating a lasting legacy by transferring ownership to its employees via the trust. The sale ensures the continued growth of the company’s exceptional customer service and culture.

December 11, 2024, Willmeng Construction, transitions to employee ownership via an ESOP. The decision to convert to an ESOP was made even though multiple construction companies have indicated interest in a potential merger or acquisition, CEO James Murphy said in the release. “We have every interest in continuing to partner with these outstanding firms, but it was important to us to maintain our culture and preserve our offering to our clients by continuing to invest in our people,” Murphy said.

December 11. 2024, Marmic Fire & Safety, transitions to employee ownership via KKR.

December 9, 2024, Corovan, transitions to employee ownership via an ESOP.  “Becoming an employee-owned company allows us to better serve our clients and address some of the most pressing social issues of our time,” said Kamencik, president of Corovan. “Our corporate structure helps us reward our employees, attract top talent and maintain a fair and equitable workplace. We are committed to continuing our legacy of excellence and social responsibility. Furthermore, we prioritize the financial well-being of our employees by ensuring they have opportunities to save for their retirement, helping them secure a stable and prosperous future.”

December 4, 2024, FabArc Steel, transitions to employee ownership via an ESOP.  “At FabArc Steel Supply, our employees are the driving force behind everything we achieve,” said Tom Adams, Chairman, CEO, and President of FabArc. “By becoming 100% employee-owned, we’re investing in our people’s futures while reinforcing the commitment to excellence our clients have come to expect. Together, we’re forging a path to sustainable growth and shared prosperity.”

December 2, 2024, Tibard Group, transitions to employee ownership via an EOT.  Mr Mitchell said: “We had several approaches and offers from trade and private equity buyers but, having looked at the various options, we felt that employee ownership would be best for the business and offer the brightest future for our team. These were key considerations for all of the shareholders as succession planning was being discussed.  “The transaction provides our staff with better security and prospects, maintains our independence and enables us to retain our culture, brings stability and builds a clear, shared purpose and collaborative way of working.”

December 2, 2024, Expert IT Solutions, transitions to employee ownership via an EOT.  Douglas commented: “Transitioning to an EOT recognises that Expert IT is a team effort. It ensures that ownership and rewards are distributed equally among all employees, reflecting their collective contributions to the business’s success.”  Adds Michael, “It’s typical of both Mark and Graeme to prioritise the employees.  This is a great company to be part of, and now that it is really ours, it’s up to us to make sure we continue to deliver great service to our customers well into the future.”

November 28, 2024, Brandnation, transitions to employee ownership via an EOT.  Killingworth says: “Over the last twenty years brandnation has proudly built a reputation for delivering a flawless client experience and has an impressive track record of long-term client retention – a result of fostering collaborative relationships and delivering on our word.  “The EOT is a natural next step in the brandnation journey, one that reflects our values as a business, empowers our talented team, and lays the foundations for an even brighter future at a time when the agency is focused on ambitious growth plans.

November 26, 2024, Orchard media and Events Group, transitions to employee ownership via an EOT.  Orchard’s move marks a significant milestone in Welsh business, setting an example for sustainable growth and shared ownership within the region.

November 26, 2024, Rollstore, transitions to employee ownership via an EOT.  Having grown the business over the past quarter of a century, owners Tony Reid and Russ Brown wanted to find a solution that would enable the legacy and integrity of the business to continue when they stepped away from steering the helm. They decided the move to an Employee Ownership Trust, handing ownership of the business over to employees to be managed by a trust, would be the best solution to
safeguard jobs, ensure the business could continue to operate from its current site in Heanor.

November 26, 2024, Hoop Recruitment, transitions to employee ownership via an EOT.  Now, being employee owned we can give even more back to our team, effectively creating a company full of business owners, our workforce is more determined and focused than ever to deliver on our vision, mission and purpose – Paul Lewis.

November 25, 2024, Transcendit, transitions to employee ownership via an EOT.  Transcendit’s directors have stated that the ownership transition will change very little for their customers, and that their intention is to ensure the longevity and stability of the company.  Adam said: ‘We’re pleased to announce that Transcendit has moved into employee ownership and believe that this decision will be enormously beneficial for our current and future employees.”

November 22, 2024, Greengauge, transitions to employee ownership via an EOT.  Hannah Jones, managing director of Greengauge, said: “This is an exciting next step in Greengauge’s journey, ensuring that staff will be integral to the company’s decision-making and benefit from any profits.

November 21, 2024, Laxtons Specialist Yarns, transitions to employee ownership via an EOT.  James Laxton, managing director at Laxtons Specialist Yarns, added: “This transition presents an extraordinary opportunity for everyone here at Laxtons Specialist Yarns. It not only secures our legacy but also ensures that our skills and dedication to this industry will thrive for generations to come. RSM UK has played a crucial role in shaping the future of Laxtons.   “Together we’ve built something meaningful, and I look forward to what we will continue to accomplish together.”

November 21, 2024, Resource Recycling Systems, transitions to employee ownership via an ESOP.  “As RRS transitions to employee ownership, this rebrand represents our commitment to a shared purpose and long-term growth,” RRS CEO and co-founder Jim Frey says. “This evolution embraces who we’ve always been—a collaborative, mission-driven organization—while opening new doors for innovation and collaborative solutions in a rapidly evolving industry.”

November 21, 2024, ECI, transitions to employee ownership via an ESOP.  “Selling to the employees was something we wanted to do to let the company culture we’ve built live on and continue to improve,” Ken Pidgeon said in a news release. “Rather than selling to the highest bidder, we wanted to do this for the employees because they helped bring us to this point.”

November 20, 2024, Kovach Enclosure Systems, transitions to employee ownership via an ESOP.  In a release, the company said its transition to an employee-owned firm will continue the success it has achieved “by a leadership philosophy that prioritizes continuous training and professional development, ensuring the team stays at the forefront of industry advancements.”

November 20, 2024, Consolidated Construction Services, transitions to employee ownership via Apis and Heritage employee led buyout.  Our success has been seeded in our belief that the employees have always been the company’s most valuable asset. Through their sweat equity, dedication and loyalty, CCS has survived and thrived for nearly four decades,” said Steve. “We deliberated for a number of years on what the future would look like for CCS. We determined we did not want to hand off this great business to some private group or competitor who would change the culture of what we have created over the years. The succession plan had to be what was best for our employees and our customers. A&H’s employee-led buyout model made it easy to do the right thing and turn the company over to our employees.”

November 19, 2024, Dafydd Hardy Estate Agents, transition to employee ownership via an EOT.  Dafydd Hardy says that it has adopted this model to reward and motivate employees, foster a sense of community, and ensure long-term business stability. The estate agency firmly believes that it is setting a precedent for innovation in the sector.

November 19, 2024, Goodson Thomas, transitions to employee ownership via an EOT.  “Transitioning to employee-ownership is timely as Goodson Thomas celebrates its 10-year anniversary. This move allows the company to remain independent and committed to serving Welsh communities, while safeguarding our values as a business. The shift to an EOT model recognises the dedication and hard work of our team. It’s a future-focused decision, placing the company in the hands of those who drive it forward every day.” – Sian Goodson

November 19, 2024, Montresor Legal Recruitment, transitions to employee ownership via an EOT.  Tom Balmer, founder of Montresor Legal, said: “Transitioning to an Employee Ownership Trust is a significant milestone for Montresor, and we’re grateful for the support from the team at FRP in helping us achieve this.  “Legal recruitment firms succeed or fail based on the quality of their people. The structure of this deal, in particular adopting the profit-sharing model from the outset, recognises the efforts of our staff, and positions the firm as an employer of choice within the sector.”

November 18, 2024, EPM Solutions, transitions to employee ownership via an EOT.  The decision to transition to an EOT was led by EPM founder Gary Kerr. After careful consideration, Gary has decided to exit the business and as such, step back from his role as Managing Director. “I’m incredibly proud to hand over the reins to our talented team, in doing so, I want to express my sincere gratitude to everyone, past and present; staff, associates, customers and partners, who have all played a massive part in the growth and success of EPM. I am truly grateful for the opportunity to lead the business for the past, nearly 23 years now. This transition to an EOT is an exciting milestone, securing EPM’s future and I’m confident that our employees will continue to drive forward the company’s growth and success” said Gary.

November 15, 2024, Athona, transitions to employee ownership via an EOT.  Stewart London, founder and chairman of Athona, said: “This step reflects our long-standing commitment to our employees, who have always been at the heart of our success. The move will not only benefit our employees but also strengthen our company culture and preserve the values that have driven our achievements.”

November 14, 2024, Net Protections, transitions to employee ownership via an ESOP.  Net Protections Holdings, Inc. has announced the introduction of an employee stock ownership plan aimed at enhancing employee engagement and improving corporate value. The plan, starting in December 2024, will allow employees to regularly acquire company shares, thus boosting market liquidity and providing incentives as part of the employee welfare program.

November 13, 2024, ROL Cruise, transitions to employee ownership via an EOT.  The move to an EOT is designed to safeguard the independence of ROL Cruise, “ensuring the company’s legacy remains in the hands of the loyal staff who have been pivotal to its success,” a company statement said.   “With this new ownership model, ROL Cruise aims to foster long-term stability, protect jobs, and provide enhanced opportunities to share the future successes of the business with its team.”

November 13, 2024, LiveOak Living Community, will transition to employee ownership via an EOT, January 1, 2025.  The shift to an Employee Ownership Trust is a testament to LiveOak Living Community’s progressive approach to long-term care, valuing its employees as the company’s greatest asset. This transition will allow LiveOak Living Community to continue its mission of serving residents with compassion for years to come.

November 9, 2024, Myerson, transitions to employee ownership via an EOT.  Myerson, a significant player in the UK200, has transitioned to an employee ownership trust, highlighting a departure from current consolidation trends within the legal sector. The transition represents an effort by the firm to decentralise control, perhaps in reaction to changing dynamics within the industry.

November 7, 2024, Progression Solicitors, transitions to employee ownership via an EOT.  Anthony Smith said: “Becoming an employee-owned firm is a proud moment for all of us at Progression Solicitors.  “This change is a testament to our dedication to our team and allows us to continue providing exceptional legal services with the added benefit of empowering our employees. “Knowing that our people have a genuine stake in the business strengthens our commitment to each other and enhances our focus on serving our clients and supporting our community.

November 5, 2024, Everycare, transitions to employee ownership via an EOT.  On becoming an EOT Mike [Founder Mike Frizzel] said,  “It was a solution which also supported our clients who would not be aware of any changes in the everyday operation of the business and therefore there would be no anxiety or worry for them. It also supported the team and gave them confidence to know that their future is in their hands.”

November 4, 2024, Engineers Construction, transitions to employee ownership via an ESOP.  This significant step reflects the company’s commitment to its employees and community, ensuring an employee-centric future and eliminating the need for future ownership succession planning.  “Selling to the employees was something we wanted to do to let the company culture we’ve built live on and continue to improve,” said Kenneth Pidgeon, who along with his brother Scott, purchased the company from their father Alan in 2004. “Rather than selling to the highest bidder, we wanted to do this for the employees because they helped bring us to this point.”

October 31, 2024, Power Electrics, transitions to employee ownership via an EOT.  he decision to transfer ownership to an Employee Ownership Trust reflects Power Electrics’ long-term vision of growth, sustainability and innovation. This guarantees continuity, with the same leadership team overseeing the company’s operations, while empowering employees to play an active role in shaping the business’s future.

October 31, 2024, Cambridge Support, transitions to employee ownership via an EOT.  “Becoming employee-owned has always been a part of our vision. What is amazing is that we did it in 5 years beating our original plan of 10 years. This transition isn’t about financial success; it’s about creating a culture of shared purpose, stability, and long-term growth. We wanted a structure that aligns with our values and allows us to keep innovating while remaining true to our commitment to our employees and clients. Employee ownership empowers our team, strengthens client relationships, and ensures a sustainable path forward for Cambridge Support. We’re excited about this new chapter and what it means for all of us.” Phil – Managing Partner

October 30, 2024, Challenge-trg Group, transitions to employee ownership via an EOT. Tom Cropper, previously chief executive at Challenge-trg Group, who has moved to chair of the business, said: “My brother and I began this journey with great ambition, but always focused on being a good employer with people at the heart of everything we do. We take great pride in being able to transfer our stewardship into the hands of our amazing team, which critically ensures continuity for our clients whilst building on our industry leading people vision.

October 30, 2024, Optimum, transitions to employee ownership via an EOT.  The decision to transition to employee ownership was driven by a desire to remain independent, to preserve the company’s values and a recognition that the company was built on the hard work and commitment of its employees.

October 29, 2024, Nusteel Structures Ltd, transitions to employee ownership via an EOT.  The firm said that becoming an EOT was necessary to achieve the “next stage in our progression as a steel fabricator”.

October 29, 2024, Armeg, transitions to employee ownership via an EOT.  MD John Mowthorpe, who owned the business with Charles Pugh, said: “Armeg has been a Sheffield based, independent drill bit manufacturing specialist for over 51 years. During that time, it has enjoyed its independent status and benefited from a set of values that have allowed it to thrive over that period.”  “In order to sustain that status and continue to deliver those benefits for its colleagues and customers, the current ownership has formed Armeg EOT Limited and sold its entire shareholding to the EOT.”

October 28, Boosst, transitions to employee ownership via an EOT.  Keith Butten said: “This change to employee ownership shows our commitment to our employees and our clients that Boosst truly exists for their benefit. Becoming employee owned is the best possible news for clients as they will be dealing with the same people, ethos and values, and now know that their favourite Boosst team members have a confirmed stake in Boosst’s future success.”

October 28, Stephensons, transitions to employee ownership via an EOT.  Mr Hiron says: “Our company has grown from 10 vehicles and a turnover of a few hundred thousand pounds on the basis of continued investment in both new and modern second-hand vehicles, and a reputation for high standards of service.  “That has been achieved by the hard work and enthusiasm of everyone here – from cleaners and drivers, engineering and supervisors, to managers – so it seems entirely appropriate that the team should be given the opportunity of taking the company to its next stage of development.”

October 25, 2024, Camlins, transitions to employee ownership via an EOT.  Shirley Smith said the group had been working on the transition for a number of years and is glad that the long-term independence of the company has now been secured.”Camlins is blessed with an incredibly talented and dedicated team who have been absolutely central to all of the success we have achieved to date and this transition provides everybody with that added sense of ownership and motivation as the practice continues to build on the foundations established over many years.”

October 24, 2024, Rock Kitchen Harris, transitions to employee ownership via an EOT. In a joint statement, the directors Paul Petherick, Jamie Mollart and Paul Sculthorpe said: “Since 1982, we’ve proudly championed and supported each other, with one shared goal: to create great work for our clients.  “We believe in people-powered growth, where everyone matters, so we’ve turned that into our lasting legacy.  “By embracing the opportunities that employee-ownership presents, we’re confident in our ability to grow and exceed the expectations of our clients, as well as ourselves.”

October 24, The Corporate Christmas Tree Company, transitions to employee ownership via an EOT.  The Camerons chose an EOT to ensure the future of the company remained in the hands of its 20 employees. They explained: The Corporate Christmas Tree Company has always been a family business, with a great staff and customers. We explored several sale options, including a trade sale and external investment.  “We settled on an employee ownership trust as we are able to provide our employees an independent future whilst knowing that the business is being run by the people who know it the best and who have always had its best interests at heart.”

October 23, 2024, Home Legal Direct, transitions to employee ownership via an EOT.  Meddick, chief operations officer at Home Legal Direct, said becoming employee-owned not only empowered his staff and secured their future but would also benefit its clients through enhanced customer service.  “After exploring several succession planning options, we found that the EOT model was the best way forward, offering attractive benefits for both us as selling shareholders and our employees,” he said.

October 23, 2024, William G Search, transitions to employee ownership via an EOT. Richard said: “When it came to succession planning, our children already have successful careers elsewhere, so we were keen to find the right way to secure the future of our firm for the people that matter the most – our team and our clients. “We had been approached several times to sell outright to competitors and other big operators in the sector, but we felt this option did not fit with our ethos.  “We are a family business at heart, and we wanted to do something our grandfather, who established the business 78 years ago would be proud of.”

October 22, 2024, Orchard Media and Events Group, transitions to employee ownership via an EOT. Cardiff-based Orchard is now in the hands of its 64-strong team in a move which aims to protect the future independence of the £15 million turnover company. With the original founders moving on, the ownership of the business has been transferred to Orchard’s staff, with an employee-owned trust now owning and managing the company, the latest Welsh business to take this increasingly popular corporate route.

October 21, 2024, Lunya, transitions to employee ownership via an EOT.  Peter enthused that he was proud to announce Lunya’s transition saying: “This significant change marks a new chapter in Lunya’s journey, as it places the future of the business in the hands of our dedicated staff, ensuring the continuation of our unique culinary and cultural experience for years to come.  “The move to employee ownership reflects Elaine’s and my belief that the people who have been integral to Lunya’s success should have a stake in its future. This new structure not only rewards the hard work and dedication of the staff but also empowers them to play a direct role in the restaurant’s continued growth and innovation as we gradually retire.”

October 17, 2024, John F Hunt Group, transitions to employee ownership via an EOT.   He [Chairman John Hall] said: “Selling the Group to a third party or breaking it up would never have been straightforward, or an option I would have considered.  “Our employees are the mainstay of the business, and it has taken a long time to create a group of companies that works so well together. Transitioning to employee ownership was the next natural step and I’m delighted that all the directors and staff have bought into the idea and been so supportive.”

October 16, Joss Search, transitions to employee ownership via an EOT.  The company said that the move to an EOT would help maintain its work culture, cement its legacy in the recruitment sector, create a ‘collective ownership mentality’ and provide its employees with ‘unrivalled career development opportunities and financial rewards’.

October 16, 2024, NTA, transitions to employee ownership via an EOT.

October 15, 2024, Heptacore, transitions to employee ownership via an ESOP.  Pat Drury, President of Heptacore stated, “After exploring various ownership transition options, it became clear that an ESOP aligned closely with our near- and long-term objectives. Transitioning ownership to our employees was the ideal solution for our company.

October 15, 2024, Gwasg Pia, transitions to employee ownership via an EOT.  “The team has always been really conscientious, and we’ve always managed to bring in people that fit in well with our ethos and the way we work, but you can still sense the difference,” Williams [owner director] said, “There’s a slightly different feel now: there’s even more pride, and that extra level of positivity.”

October 14, 2024, Meldrum Construction Services Group, transitions to employee ownership via an EOT.  Dave said: “By becoming an employee-owned trust, we’re securing the future of the company, our culture and, importantly, the future of an amazing group of people.”  He added the decision to adopt the employee-owned trust model was driven by the desire to remain independent, uphold the company’s values and reward the dedication of its staff.

October 13, 2024, Britplas, transitions to employee ownership via an EOT.  “We are delighted that 100 per cent ownership will be given to the trust on behalf of our staff, allowing them to share in the future success of the business,” said Kevin.  “We have always been committed to fostering a culture of inclusivity, collaboration, and shared prosperity.  “This new chapter represents an immense opportunity for the team and a renewed commitment to our shared values as a business.  “Ours has been an amazing journey of development, and I have no doubt that the company will continue to go from strength to strength.”

October 11, 2024, Alara Wholefoods, transitions to employee ownership via an EOT.  Smith says: “Alara has been focused on sustainability for the last 50 years. Since social equity is one of the key foundations of sustainability – and of such relevance given the glaring divergence of wealth between the many and the few – going down the EOT route seems absolutely appropriate for a sustainability-focused business.

October 11, 2024, Float On, transitions to employee ownership via a worker cooperative. Jahromi said that he had looked into selling to a private individual but that didn’t feel right. Eventually he started looking into co-ops and felt that it was a fitting way to transition the business and give the staff autonomy.

October 11, 2024, Roch Valley, transitions to employee ownership via an EOT.  Danny Doughty, former CEO, shareholder and part of the founding family of the business, said: “I am incredibly proud of the business we’ve built over the years and I am delighted to hand the reins over to the brilliant team here, led by Donna and Ria. As shareholders, we have spent some time considering our sale and exit options. I have seen other businesses in our industry acquired by other organisations, mostly by overseas investors, and while there has been a lot of interest in Roch Valley, we felt that employee ownership was by far the best option for us. There has always been a family feel to Roch Valley, and a culture of togetherness. Becoming employee-owned secures that, for good.”

October 9, 2024, Abbeydale Brewery, transitions to employee ownership via an EOT.  “We have no doubt that employee ownership will be a perfect fit for the iconic business which has established itself  as a cornerstone of the thriving Sheffield beer community and we wish all those involved  continued success in the next stages of their journey.”

October 9, 2024, Lunya, transitions to employee ownership via an EOT.  Peter Kinsella said: “This significant change marks a new chapter in Lunya’s journey, as it places the future of the business in the hands of our dedicated staff, ensuring the continuation of our unique culinary and cultural experience for years to come.”

October 9, 2024, CRS, transitions to employee ownership via an EOT.  “This EOT transaction allows our employees to share in the company’s future success while maintaining the values that have made us who we are,” said CEO Keith Platt. “Our team has been integral to our growth, and now they have a direct stake in what we build next.”

October 8, 2024, Capstone On-Campus Management, transitions to employee ownership via an ESOP. Becoming a 100% employee-owned company affords COCM employees the opportunity to grow retirement wealth as they contribute to the company’s success. Being able to financially “own what you do” will be a significant benefit in retaining and attracting top-tier talent, enhancing the ability to deliver excellent services for residents and clients. Now, anytime a client or resident talks to a COCM employee, they are talking with the owner.

October 7, 2024, Criteria Fieldwork, transitions to employee ownership via an EOT.  Elaine Francis, founder and board director, said: “After a successful management buy-out in 2006, this feels like a natural progression – to extend ownership even further to encompass employees at all levels. “The day-to-day running of the business will not be affected by this change but by widening employee participation, we are securing a healthy and sustainable value-driven ethos for the future”.

October 3, 2024, Premier Granite & Stone, transitions to employee ownership via an ESOP.  After carefully evaluating succession strategies, Matt and his business partner, Dave Bleyenberg, made the decision to transition the company. “Our mission is to consistently deliver top-quality products with the highest efficiency, all while providing an exceptional experience for our valued customers. Employee ownership safeguards this mission, rewarding the very people who helped us build this successful business.” By shifting to an employee-owned model, Premier Granite & Stone will continue its operations and uphold its legacy, maintaining the high level of service customers have come to rely on. Matt VanTil will remain as company president, with the rest of the management team staying in their current roles.

October 1, 2024, Eason Horticultural Resources, transitions to employee ownership via an ESOP. The transition reinforces EHR’s dedication to preserving its long-standing legacy. This new structure, according to the company, promotes a workplace where mutual success is a shared priority and where employees are empowered to actively contribute to its growth, shaping the future of the company as both colleagues and stakeholders.

October 1, 2024, Magenta Associates, transitions to employee ownership via an EOT. Cathy Hayward, Founder and Chairman of Magenta Associates said: “With capital wealth in the UK becoming increasingly concentrated in fewer hands, EOTs are a way to spread wealth more widely. We think it’s the right thing to do for Magenta and the M People.” Managing Director, Jo Sutherland added: “We want to secure Magenta’s long-term future. A conventional option would be to go out to sale and sell to the highest bidder. But this risks changing the culture we’ve created together. No one knows Magenta better than the people already in it.” She continued: “Becoming employee owned will mean our people are even more motivated to deliver exceptional service to our clients.”

October 1, 2024, ITAMCO, transitions to employee ownership via an ESOP.  “Our transition to a 100% employee-owned company is a natural extension of what enabled us to become a strong, cutting-edge company. It embodies our core values of creating a culture of learning, a place to create, collaborate with others, and doing what needs to be done to get the right solution. Our ESOP is the best investment we can make in each other, our clients, suppliers and for the successful future of our business,” said Neidig.

September 30, 2024, WoJo’s Greenhouses & Farm, transitions to employee ownership via an ESOP.  “With the transition to an ESOP, we look forward to empowering our dedicated team and ensuring Wojo’s legacy continues generations to come. We are deeply grateful for Prairie’s guidance and expertise during our transition,” said Joe Wojciechowski, Owner of Wojo’s Greenhouses & Farm.

September 27, 2024, Great Lakes Asset Solutions, transitions to employee ownership via an ESOP.  “As I looked to transition, I wanted to ensure the employees were taken care of as they are the key to Great Lakes’ success,” Brandon Marvin, former owner and CEO, now chairman of the board of directors of Great Lakes, said. “It was important to me that Great Lakes didn’t get sold to a larger company, where employee security wasn’t guaranteed. I am thankful to our entire staff for everything they’ve done over these past nine years, and this is just one way to show my gratitude.”

September 26, 2024, Robert P Slight & Sons, transitions to employee ownership via an EOT.  Douglas Slight said: “A business is always all about the people and our family business has a long and proud history.  “When considering our options, a sale to the employees made sense because our business has always been founded on the hard work and dedication of our staff.”

September 26, 2024, Kirsch CPA Group, transitions to employee ownership via an ESOP.  Pete Abner, CEO, emphasized the importance of the transition for the firm’s long-term success. “After carefully reviewing many options, it became evident that an employee ownership structure was the best strategy for Kirsch CPA to thrive long-term. It allows us to preserve our unique client service model that focuses on serving clients in an advisory capacity,” he explained.

September 25, 2024, Marine Technology Inc, transitions to employee ownership via an ESOP.  “Sharing ownership with employees is a natural extension of how we do business, which has enabled us to become a strong, cutting-edge company,” vice president Taylor Scism said in a statement. “Our ESOP is the best investment we can make in each other and in the company going forward.”

September 24, 2024, AEC Electric, transitions to employee ownership via an ESOP.  “I worked for an ESOP company when I was younger, made some money in it, and knew the power of the employee ownership model,” said Rob Lawton, CEO of AEC Electric. “When I bought AEC Electric in 2021, I envisioned selling the company to the employees… “With the employee ownership model, we can provide an excellent retirement benefit to our team of employee-owners and reassure our current and future customers that there is a strong business succession plan in place for the company and community,” concluded Lawton.

September 24, 2024, Ball Food Stores, transitions to employee ownership via an ESOP.  David Ball said the decision to move to employee ownership was inspired by his family’s philosophy that “If you take care of your teammates, they’ll take care of the customer, and the customer will take care of the business.”  “My grandfather always said we’re in the people business. We just happen to sell groceries,” David Ball said. “That’s one reason an ESOP structure is an ideal growth strategy for BFS. Our focus is on people, culture, operations and growth. An ESOP brings all of that together.”

September 24, 2024, Perelson Weiner, transitions to employee ownership via an ESOP. At a time when many firms are merging to be bigger, Perelson Weiner is growing organically by providing ever better service to their clients. The ESOP will reward commitment to firm values, along with longevity and the performance of the entire team.

September 17, 2024, Shaffer Organization, transitions to employee ownership via an ESOP. As we looked to the future and took survey of the changing landscape, we wanted to make sure we had stability at our company to ensure the people who count on us could keep counting on us. Working with several trusted partners, we have been able to launch a successful employee stock ownership plan for our employees this spring. Giving our employees ownership of the company is in the best interest of all involved and consistent with our core values.  These people are a part of the Shaffer family and the heartbeat of this organization. It is an exciting prospect for them, their families and their future and assuring to our industry that the Shaffer organization will be around for decades to come. On behalf of my family, we are overjoyed at being able to share this company with our people. They have earned it!

September 17, 2024, Adam Group, transitions to employee ownership via an EOT.  Martin said: “We are incredibly proud of what we have built at Adman Group over the last 17 years and future-proofing the business is crucial to our long-term strategy.  “Transitioning to an Employee Ownership Trust is a natural next step for us, as it aligns perfectly with our values and emphasises the importance we place on our employees. “It is very much business as usual as we continue to service our customers, with this deal ensuring that those who have contributed to our success will directly benefit from the future growth of the company.”

September 13, 2024, Penobscot General Contractors, transitions to employee ownership via and ESOP.  “The decision to become an ESOP company reflects our belief that the strength of Penobscot General Contractors lies in the dedication and expertise of our employees,” Maker said in a press release.  “By giving our team, the opportunity to share in the company’s success, we are fostering a culture of ownership, accountability, and shared responsibility that will drive us forward into the future,” he added.

September 9, 2023, Myerson Solicitors, transitions to employee ownership via an EOT.  ‘Becoming an employee-owned business allows us to give every single employee a stake in our firm’s financial success; it empowers our people, attracts top talent, and reinforces our people-centric culture. In a market where we see numerous mergers and acquisitions by private equity houses and large national law firms, I am delighted that Myerson is making a strong statement, championing stability and independence.’ – Chief executive Carl Newton

September 6, 2024, C-Forward, transitions to employee ownership via an ESOP.

September 5, 2024, Leeds Galvanised Holdings, transitions to employee ownership via an EOT. Following the sale to the EOT, Simon Kelly, who will remain as MD, commented: “LGPC has always been passionate about its people and they have been unswerving their loyalty and commitment to the business.”  “This EOT is just reward for their hard work and talent and the key role that they have played in making LGPC the success it is today as the largest business of its kind in the north of England.”  “Transferring the company into employee ownership also ensure its values and culture live on for the next phase of its growth and means that we can look forward to an existing future together.”

September 3, 2024, Excellence IT, transitions to employee ownership via an EOT.  Explaining the reasons behind becoming employee-owned, co-founder Mr Beer said it’s “time to pass the baton of our company to the younger generation within our business”.  He continued: “There has been an increased trend in the IT service industry for smaller businesses to be consolidated into bigger companies, and so a trade sale didn’t appeal to us.  “We were concerned that all of our big contracts would be swallowed up and could risk Excellence staff losing their jobs – something that we really didn’t want to happen as we want to keep those skilled jobs in Wales.”

August 30. 2024, Kontroltek, transitions to employee ownership via an EOT.  Andrew Follant, Managing Director of Kontroltek, said: “Since starting Kontroltek, it has always been my vision to find a way to share the success of the business with all my employees and this was a perfect way to do that.  “The EOT will promote long-term and sustainable growth for the group. As beneficiaries of an Employee Ownership Trust, all our eligible employees are now even more personally invested in our success, ensuring exceptional service and satisfaction for all our customers and driving a culture of engagement and collaboration.”

August 29, 2024, McKinlay Kidd, transitions to employee ownership via an EOT.  Heather McKinlay said different options for the transition of ownership transition were considered, adding: “It soon became clear that employee ownership is the right succession planning model for McKinlay Kidd.  “It will help us ensure long-term business success in a way that builds on our values of putting people – customers, communities, partners and staff – first.”

August 29, 2024, R.F. MacDonald Co., transitions to employee ownership via an ESOP.  Securing our independence through an ESOP allows us to further strengthen our long-established culture where we trust employees to “Do the Right Thing,” another long-established company motto, and our “Hire-2-Retire” motto is further emphasized in this ownership-transition.

August 28, 2024, Total Recruitment Specialists, transitions to employee ownership via an EOT.  Phill Bateman, founder and director, TRG, said: “Completing our transition to being employee owned is a huge moment in our existence. While nothing changes operationally for our clients and partners, the EOT model enables us to impact the lives of everyone working for the company for the better, including future new recruits, as they will benefit from our profits.

August 26, 2024, RPV, transitions to employee ownership via an EOT.  “ I didn’t want a trade sale, as what tends to happen is that the [acquiror] then fires X amount of people and relocates things to where they are located. I wanted to be loyal to the people who had been loyal to me. I didn’t want it to end unhappily for them.” – Robert Palmer Founder.

August 22, 2024, RA Information Systems, transitions to employee ownership via an EOT.  A company spokesman said: “The move reflects our commitment to sustaining the company’s independence and recognising the invaluable contributions of our employees. This decision not only secures the future of our business but also honours the legacy of our founders by preserving the unique culture that has defined RA Information Systems for over three decades

August 15, 2024, Lakeland Care, transitions to  employee ownership via an EOT.  Chief executive officer and founder Marge Smyth said: “This business model seemed like the obvious choice when I was planning for retirement.  “Employee ownership incentivises our staff to ensure the business thrives long into the future and preserves the high-quality reputation we have built over the past 16 years.

August 14, 2024, Rocky Mountain Steel, transitions to employee ownership via an ESOP.  Founded in 1997, Rocky Mountain Steel is a leader in steel fabrication and construction, employing 30 people. As owners Bernie Lorimor and Tim Warner neared retirement, they chose to sell the company to their employees as a way to pass its legacy on to the people who helped build it.  “Moving forward, all Rocky Mountain Steel, Inc. employees will have the opportunity to financially benefit in a much bigger way for their hard work. Along with their excitement, we are already seeing a shift in mindset as they become employee-owners, even more committed to the company’s success,” said Dylan Wiman, President of Rocky Mountain Steel, Inc.

August 13, 2024, LAVA Advisory, transitions to employee ownership via an EOT.  ‘In this industry there are so many stories of boutique firms being bought up and broken down for parts and we wanted to make sure the team felt secure in LAVA’s future. We’ve advised many clients to go down this route with great success, so it’s only logical that we take our own advice and embrace this new phase of LAVA’s story.’ Hamish Martin

August 9, 2024, JMP Partnership, transitions to employee ownership via an EOT.  JMP Health managing director and executive creative director Paul Russell said: “Transferring ownership into the team at JMP Health ensures its culture and values live on for next chapter in the company’s life.  “Over the years we have adopted a policy of growing our talent and empowering the team to make decisions themselves and the company’s success is reflective of this.  “It is just reward for the hard work and talent of the team who have played such an important role in the success of the business over more than 30 years.  “We can together look forward to an exciting future with further growth and continuity of service for our valued customers in the healthcare sector.”

August 9, 2-24, Meld Studios (Australia), transitions to employee ownership via an EOT.  “We weren’t building this special place where people want to work, and who clients want to work with, to just see it get culturally eaten up and destroyed by a larger organisation just thinking of it as a capacity-building thing,” said Janna DeVylder.

August 7, 2024, Conlon Brothers, transitions to employee ownership via an EOT.  Chairman Michael Conlon explained: “What we’re doing is completely aligned with our company ethos. From the outset, our founders, those five young Conlon brothers, put people at the heart of the company. By implementing this transition now, the family believes it is the best outcome for the business and, most importantly, for all of our colleagues. The current board of directors will remain and will still have responsibility for running the business. The directors will now be accountable to a trustee board, which will include two elected employee trustees.

August 7, 2024, Spencer the Estate Agent, transitions to employee ownership via an EOT.  When you own and run a company as a sole director, there must be a clever exit strategy in mind, even if it is for ten years down the road as ultimately you are solely responsible for all of the employees, their families, and their mortgages,” says MD and sole director Nicola Spencer, who remains in her role at the helm of the firm following the transfer.

August 6, 2024, Choice Fire and Security Solutions, transitions to employee ownership via an EOT.  Barry Critchell, director of Choice, said: “Proud of the business we have built and the high-quality service we have grown with our dedicated workforce, it was important for the directors to secure its future. “Looking at how we value and invest in our employees at Choice, it only seemed right to give the driving seat to the ones who deliver the success of the business.

August 6, 2024, Westbury Garden Rooms, transitions to employee ownership via an EOT.  Jonathan Hey, Chairman of Westbury Gardens said, “I strongly believe that becoming an Employee Owned Business will be a progressive step for Westbury, not only safeguarding jobs but enabling staff to benefit from the future of the business’s long-term success. As an employee-owned business, I am greatly excited about what can be achieved in the future.

August, 2, 2024, DeltaXML transitions to employee ownership via an EOT.  Robin said, “I’m very pleased to pass control and majority ownership of DeltaXML over to the great team who have contributed so much to its success. This is also good news for our loyal customers – some of whom have been with us for over 20 years – and who are assured that DeltaXML will continue to provide great products. Employee ownership is a very good structure for a company that relies so much on the effort and innovation of every member of the company. It seems right that the whole team take responsibility for and benefit from the success of the company. ”

August 2, 2024,  TSK transitions to employee ownership via an EOT. Holden, who is the company’s chief executive, shared his thoughts on the shift to an EOT model. “We have built an exceptional team of talented people at TSK who are as excited as we are for the future,” Holden continued. “The transfer to employee ownership is a great way to get them directly involved in taking the business to the next level and sharing directly in our success. It also provides the platform for seamless succession over time.”

July 26, 2024, Engage Interactive, transitions to employee ownership via an EOT.  “Because of the dedication of both our staff – most of whom have been with the business for over 10 years – and our core clients who have partnered with us for more than two decades, the opportunity to convert to an EOT was the logical next step for the business,” explained Dominic Adams, founder and MD.

July 24, 2024, Marmic Fire & Safety, transitions to employee ownership via KKR.  “Marmic’s growth is a testament to the talent and dedication of our team. We are thrilled to begin working with KKR, which shares our belief in the power of our employee-centric culture and supports our ambition for building a scaled fire safety services platform that strives to provide reliable, expert service to our customers. I see tremendous potential for Marmic in this next phase of its journey,” said Greg Bochicchio, Chief Executive Officer of Marmic.

July 24, 2024, Strategic Workforce Solutions Group, transitions to employee ownership via an EOT.  Neil Yorke, co-founder and director at SWS Group, said: “We are very excited to take the business to the next stage in its transformative journey by moving to an employee ownership model. “This decision will benefit all employees in the long term and recognises the contribution our employees have made to the business across all our brands over the years.

July 23, 2024, ACT1 Federal, transitions to employee ownership via an ESOP.  “It is a very exciting time for ACT1 and for our new employee-owners and customers as we enter our 26th year as a company,” said ACT1 President and CEO Mehdi Cherqaoui. “We are proud of our legacy, and with this ESOP we are well-positioned to continue to grow and delight our customers. It’s both a way to reward our hardworking employees, and to build on our business continuity. In addition, employee-owners are highly motivated since they know that their effort directly impacts their benefits.”

July 22, 2024, XACTO Signs, transitions to employee ownership via Evergreen Cooperatives.  “After more than 25 years in operation, we are very excited about this next chapter for Xacto Signs. As one of the regions more prominent wholesale manufacturers, the company will continue to thrive and grow in the hands of our dedicated employees. Richard and I have long been interested in turning Xacto Signs into an employee-owned business and Evergreen Cooperatives has helped us achieve this goal. With their support, employee owners will have access to wealth-building opportunities and will be able to grow the business in a great new direction.” said Roberta Holzer.

July 22, 2024, Rover North, transitions to employee ownership via an ESOP.  The company’s founders Mark and Andrea Letorney were not interested in selling to an outside buyer, fearing the likelihood they would close the Vermont facility and consolidate, putting their loyal employees out of work.   “We always thought our people were our greatest asset,” said their son, Calef, now CEO of Rovers North.  So, rather than create a situation where their employees could end up losing their jobs, the Letorneys decided to make them all co-owners of the business, a process they began considering around the year 2010 before beginning in earnest in September 2023. They completed the ESOP transaction in June 2024.

July 22, 2024 Standguide Group, transitions to employee ownership via an EOT.  Mr Owen-Long said: “We have people working here that have been with us for over 25 years. So, despite several approaches to buy the business, we wanted to ensure continuity for our staff and customers.  “Brabners introduced us to the option of employee ownership, and we feel it’s the perfect way to preserve the culture and values of the business for the long term. This decision will allow Standguide to grow and prosper long into the future as an independent company, and we believe that employee ownership will herald the start of a new and vibrant chapter in the Standguide story.”

July 19, 2024, HeartVets, transitions to employee ownership via an EOT.   Dave Dickson, a director alongside Jo Harris, said: “The decision to transition the clinical side of the business into employee ownership was led by the core values of the team and the desire to preserve our independence as a referral service.  “In an industry dominated by corporate acquisitions, with business models increasingly focused on keeping referral offerings within the corporate groups and limiting choice for clients, we felt it was crucial to chart a different course.  Jo Harris added: “By involving all our employees in the ownership of the business, we aim to foster a culture of engagement and collaboration.

July 16, 2024, Rifenburg Holdings, transitions to employee ownership via an ESOP.  “The Rifenburg family recognizes that it’s our loyal employees that made these companies successful over the past 66 years. We decided the best way to transition the organization to the future was to allow them to share in that success. We are very excited about this opportunity and we are confident that it will help attract new people to our team”

July 12, 2024, Gusto Group, transitions to employee ownership via an EOT.  Wright said: “Approaches from several parties interested in purchasing Gusto Group prompted me to rethink the business’ future. I wanted to find a way for the employees that have worked so hard to build Gusto Group into a £25m business to be the ones to benefit from its continued growth.  “I am also passionate about the group maintaining its identity and ethical ethos. Transferring ownership to our employees was the option that aligned with our company’s values.  “By granting employees the opportunity to become shareholders, Gusto Group aims to build a stronger sense of unity, motivation and accountability throughout the organisation.”

July 10, 2024, Sevenoaks Sound and Vision, transitions to employee ownership via an EOT.  Rob Lawley, Managing Director of Sevenoaks said on LinkedIn that at the core of this decision is, “The desire to ensure the business retains, now and into the future, its existing character and ethos.

July 10, 2024, Spawforths, transitions to employee ownership via an EOT.  Spawforths chairman Dave Rolinson said: “This transition marks a new chapter for Spawforths. By becoming an employee-owned company, we are not only investing in our team but also in our future growth.  “Our employees are at the heart of our success, and this move reinforces our commitment to shared prosperity and inclusive growth.”

July 10, 2024, Glyn Hopkin, transitions to employee ownership via an EOT.  Glyn Hopkin chief executive Fraser Cohen said: “We are really pleased with the new ownership structure, which recognises all our staff in the business, who have contributed for many years to the ongoing success of Glyn Hopkin.

July 10, 2024, R&W Scott, transitions to employee ownership via an EOT. R&W Scott shared that this new structure will safeguard employment and deliver sustainable growth, said the ingredients supplier

July 3, 2024, Rehoboth Auto Repair, transitions to employee ownership via Teamshares.  The business partnered with Teamshares, a company specifically designed to help transition small businesses from a single owner to employee owned. Cai said there are a lot of small businesses that don’t have a plan for when the original owners decide to move on. This company helps with that transition, she said.

July 3, Leaf Design, transitions to employee ownership via an EOT.  Co-founders Nathan Steer and Rowena Summerlin said that they agreed to sell 100 percent of the company shares to the employees was a way to avoid Leaf being acquired by a much larger company, so decided to transition the company for the eight local employees.

July 3, 2024, Brazen transitions to employee ownership via an EOT.  Founder & CEO Nina Webb said: “When I set up Brazen as a young, fiery 27-year-old, I had one simple mission: to make brands famous through daring and different PR campaigns. Two decades later and that still remains our clear point of difference and why clients choose (and stay with) us. So, it was really important to me, when considering the future, that Brazen’s unique proposition and culture, which sees life-long friendships formed, lived on.  “Collaboration is one of our core values and what better way to demonstrate and encourage that than by selling the business to the amazing team of people that make it all possible? Brazen was and will always be my first baby and I’m excited to watch my legacy live on long into the future.”

July 1, 2024, Balls Food Stores, transitions to employee ownership via an ESOP.  My grandfather and father taught me that if you take care of your teammates, the teammate will then take care of the customer, and the customer will take care of the business,” noted David Ball, the third-generation president of BFS. “By making our teammates owners, we’re preserving the company’s culture and values – while creating a sustainable growth strategy for Balls Food Stores. Most importantly, we believe this will be a game-changer for everyone who works at BFS, something that will impact them for generations to come.”

June 30, 2024, Anderson Clark Motor Repairs, transitions to employee ownership via an EOT.  Managing director Clark, who formed the company in 1996 with his late business partner David Anderson, said: ‘People have always been at the heart of what we do, we have fabulous staff and great customers.  ‘This felt as a natural progression giving the team control of their destiny and the company will remain in the hands of people who made it what it is today.

June 26, 2024, Saxon Furniture, transitions to employee ownership via an EOT.  “This is a momentous occasion for Saxon Furniture,” says MD Matthew Deighton. “Our colleagues have always been the backbone of our success, and now they will have an even greater stake in our future. This transition to an EOT aligns perfectly with our company’s values and our commitment to quality and customer satisfaction.”  The move to employee ownership is expected to further strengthen Saxon Furniture’s position in the market, ensuring that “the company’s ethos and dedication to craftsmanship will be preserved and nurtured by those who know it best”.

June 26, 2024, Aspect, transitions to employee ownership via an EOT.  McCallum said: “The success of our business is built on the expertise, creativity and energy of our talented people. What we’ve achieved over the past five years would not have been possible without them, and I’m very grateful for their continued support as I lead the firm into this exciting new chapter.  “We’re proud to have created an open, collaborative and supportive culture where people can develop and thrive. Becoming an employee-owned business empowers our team to actively shape Aspect’s future and share in its continued growth and success, now, and for many years to come.  “I believe this unique combination of employee ownership, inclusive culture and purpose-led work for our ambitious clients creates a platform for the future.”

June 25, 2024, A Thousand Monkeys, transitions to employee ownership via an EOT.  “I have the most amazing and talented team and we would not have been such a success without their skill and professionalism. When I first began thinking about exiting the business before the pandemic, I was looking for a way to reward them for their hard work,” Richard said

June 19, 2024, Metalworking Solutions, transitions to employee ownership via an ESOP.  “This transition to an ESOP is the culmination of nearly two decades of hard work and dedication from every member of our team,” said Mr. Hewgley. “Our employees are the heart and soul of this company, and I am thrilled to see them become its true owners. This change ensures that Metalworking Solutions will continue to innovate and grow while staying true to our core values.”

June 17, 2024, Athena Security Solutions, transitions to employee ownership via an EOT.  Lee Horton, Managing Director of Athena Security Solutions, added: “Implementing the Employee Ownership Scheme was the ideal way to express our gratitude to our dedicated staff. I firmly believe that taking care of our team enables them to take exceptional care of our clients. I am incredibly proud of their hard work and commitment.” 

June 13, 2024, James Technical Services, transitions to employee ownership via an EOT.  “JTS is a successful business providing much needed jobs and skills in Mid Wales, but Sue and I had come to the point where we wanted to retire. We explored a trade sale, but we knew that we’d run the risk of the factory function being moved to another area.  “We thought our only other option was to close the business, which was a last resort as it is doing really well, but as we were winding down the business, we heard about the employee ownership trust (EOT) model and realised it was perfect for us.

June 13, 2024, Kellogg & Sovereign Consulting, transitions to employee ownership via an ESOP.  Karina Roiuk-Yu, CFO and overseer of HR and employee benefits added, “Becoming an ESOP strengthens our commitment to our employees and clients alike. This transition enables us to invest in our people and our future, driving forward our mission to provide exceptional service and support to our valued clients.”

June 12, 2024, Graystons Solicitors, transitions to employee ownership via an EOT.

June 12, 2024, Kings Cinema, transitions to employee ownership via an EOT.  Geoff Greaves, the founder, said: “This is a fantastic and exciting route to protect the company and our ethos and to reward all those people who together have been part of the success in bringing the magic of the movies to so many people around the UK.

June 10, 2024, Bushu Pharma, transitions to employee ownership via PE firm KKR.  This milestone marks the first time a Japanese company backed by a private financial sponsor has offered broad-based ownership to all its employees.

June 5, 2024, Crofter’s Foods Ltd, transitions to employee ownership via an EOT.  Armitage said: “Transferring ownership into an EOT ensures the special culture and values of Crofter’s Foods live on for next chapter of the company.  “It is a just reward for the hard work and talent of our loyal team who have helped make the business such a success over the past 19 years.  “The move to employee ownership will provide a platform for further growth of the business and continuity of service for our valued customers under the people who know it best and are most committed to its future – its employees.”

June 4, 2024, Corporate Eagle, transitions to employee ownership.

May 30, 2024, Aglioft, transitions to employee ownership via PE Firm KKR.  As part of the transaction, KKR, JMI Equity and FTV Capital will support Agiloft in implementing a broad-based employee ownership program to allow all of its employees to have the opportunity to participate in the benefits of ownership of the Company. This strategy is based on the belief that employee engagement is a key driver in building stronger companies.

May 30, 2024, Meyer Najem, transitions to employee ownership via an ESOP.  “An ESOP approach allows even more incentive for our employees to stay and grow here,” said founder and CEO Anthony Najem said in a news release. “This transition supports our plans for strategic growth, ensuring we remain competitive and resilient in a rapidly changing market.”  The company said employee ownership will further empower its workforce and foster a culture of shared responsibility and success amid its rapidly growing business.

May 29, 2024, Planet Logistics, transitions to employee ownership via an EOT.  David Summerhayes, founder of Planet Logistics, said: “The EOT transaction provides continuity for our customers and staff and will enable the business to retain its strong culture and independence.

May 28, 2024, Babel PR, transitions to employee ownership via an EOT.  Hood and Morrison said in a statement: “Our employees are the beating heart of Babel and the reason for our success. We’re delighted to reward their hard work and dedication with the ultimate thanks – handing them ownership of a business they’ve so carefully crafted alongside us, and giving them the opportunity to benefit financially from its continued growth.

May 28, 2024, KRB Machinery, transitions to employee ownership via an ESOP.  “Our exploration into employee ownership began years ago, spurred by our board chairman, who had experience with other ESOPs, and recognized its potential for our company,” said Nathan Kauffman, president and CEO. “Considering the cultural and financial landscape of our business, it was a natural progression.” 

May 25, 2024, Plus Finance Ltd, transitions to employee ownership via an EOT. Co-Founder Nicki Matthews said: “We have the most amazing and loyal team, some of them have been with us for more than a decade.  “We would not have a business without them and Steve and I are so proud that now, they too will have a personal financial stake in the success of the company, even when we’ve left.”

May 25, 2024, Capstan Atlantic, transitions to employee ownership via an ESOP.  Ben Hall, president and CEO of the company, said in a news release. “The creation of an employee stock ownership plan is an exciting way to help ensure the long-term success and growth of our company and reward our loyal 260 employees.”

May 23, 2024, Parkhouse Bell, transitions to employee ownership via an EOT. “Employee ownership is the natural evolution for Parkhouse Bell,” said Kirsty Young. “The transition underscores our organisational values and allows us to keep being us; independently minded, brave and with an appetite to keep moving the dial on behalf of our colleagues and clients”.

May 23, 2024, Boyce Precision Engineering, transitions to employee ownership via an EOT.  “Having co-founded Boyce Precision Engineering in 2006, it was important to my brother Brian and I that any sale was structured in a way that ensured continuity of service and rewarded the dedicated workforce that has helped make the company the success it is today,” said George Boyce.   New managing director Brian Perry said the new ownership model provides an ideal platform for the business to build on.  “The new ownership model will further incentivise our staff, see them become more vested in strategic decision-making and, ultimately, help boost productivity for a client base that includes a range of major firms with a global presence,” he saud,

May 22, 2024, Sandman Structural Engineers, transitions to employee ownership via an ESOP.  “SSE was always envisioned to be a company evolving with the times, Kurt Sandman, PE, the founder and president of SSE, said. “By embracing an ESOP, we’re not just changing our ownership structure; we’re investing in our most valuable asset — our employees.”

May 20, Sharp Consultancy, transitions to employee ownership via an EOT.  Mark Wilson, managing director, said: “As we serve our valued clients and candidates across Yorkshire, this development is not only central to both our values and growth strategy, but also a source of great pride for me and the directors.  “Staff longevity is a hallmark of our heritage and as we now entrust our ownership to all employees, I am happy for them.

May 17, 2024, T&N Gilmartin transitions to employee ownership via an EOT.  Managing director Philip McElhinney said: “The success of our company is down to the hard work and dedication of our loyal workforce.  “We have been able to build upon the solid foundations established by previous generations of family and work colleagues to ensure the company continues to prosper in the long term.  “In planning for the future, it was important to us that the core values of the company remain. A sale to a third party was an option, however we felt it was not in the best interests of our workforce. The move to employee ownership secures the long-term future of the business and the employment it provides.”

May 16, 2024, Tops Day Nurseries transitions to employee ownership via an EOT.  Cheryl Hadland, founder and chairwoman of Tops Day Nurseries and Aspire Training Team, said, ‘I am delighted and proud to have finally enabled Tops and Aspire to become an employee-owned business.  ‘I explored several partial exit strategies including accepting one of the many ESG oriented venture capitalists into the business, but decided that the most sustainable progression would be an EOT,  protecting the ethos of the company, its sustainability and crucially enabling colleagues to be more engaged in their nurseries, a vital ingredient of a successful organisation these days.   ‘Tops and Aspire have been like my babies, I’ve put everything I am into them, but they have grown up now, and I see my job now as supporting them to fly into their next phase.’

May 15, 2024, Lithographix transitions to employee ownership via an ESOP.  d Binder, President of Lithographix, shared, “This decision reflects our commitment to the long-term interests of both our company and our valued employees. Our transition to an ESOP model means each of our employees has become an integral part of Lithographix’s ownership structure. This move is a testament to the hard work, dedication, and talent our team brings to the table every day.”

May 14, Capstan Atlantic, transitions to employee ownership via an ESOP.  “The creation of an employee stock ownership plan is an exciting way to help ensure the long-term success and growth of our company and reward our loyal 260 employees.  said Ben Hall, President and CEO

May 7, 2034, Orchard Media and Events Group, transitions to employee ownership via an EOT.  “When we looked at the options for succession planning, the EOT model stood out for us as a way to repay the hard work and commitment of the team here and give them this huge opportunity to take Orchard into an exciting future. The ethos behind EOTs aligns well with the values we’ve nurtured in the company, and we know that the leadership and wider team are the people best placed to benefit from its future success.

May, 6, 2024, WeidnerCA, transitions to employee ownership.

May 3, 2024, Wolfgang Digital, transitions to employee ownership via an EOT.  “We’ve had many opportunities to sell out to international acquirers,” says Coleman. “I’ve learned from these conversations that the sell-out is designed to extract value from the company. Selling out doesn’t feel like success to me, it feels like death, the death of the dream. On the other hand, the sell-in to employees creates value for all stakeholders in the business. There is a win-win-win for people, customers, and society. Personally, I love the legacy aspect of employee ownership. Our precious vision and values are now legally enshrined in our constitution forever more,” he adds.

May 3, 2024, Wildfire, transitions to employee ownership via an EOT. Penton told PRovoke Media: “It’s a natural step and means I can still stay in the business and be part of that journey. It really will help us move to the next level with employee engagement and growth.”

May 3, 2024, Kennon Products, transitions to employee ownership via an ESOP.   “Being an owner is a recognition of every employee’s contribution,” Drennen said. “The ESOP (employee stock ownership plan) secures our financial futures and reaffirms our company’s commitment to success. This is going to be an exciting new chapter in the history of Kennon.”

May 2, 2024, Nussbaum Group, transitions to employee ownership via an ESOP.  “From the beginning, I wanted to create a culture of ownership, improvement, and empowerment that results in exceptional care and exceptional landscapes for the most discerning clients,” Dale Nussbaum, founder and CEO of Nussbaum Group, said in the release. “Employee ownership institutionalizes our deeply rooted company values and empowers employees to contribute even more to our continued growth and long-term success.”

May 1, 2024, Redhill, transitions to employee ownership via an ESOP.  “As we celebrate this milestone, we prioritize rewarding our employees who have journeyed with us. The introduction of our ESOP plan reflects our dedication to empowering every employee through collective ownership and further strengthening client relationships. Regardless of rank, all employees will receive ESOPs, embodying our belief in the strength of collective ownership.

April 30, 2024, Environmental Restoration transitions to employee ownership via an ESOP.  Rick Hennessey, Director at ButcherJoseph, commented, “It was an absolute pleasure collaborating with the Environmental Restoration team to orchestrate the sale of the company to its employees. This transaction is a testament to the strategic foresight and responsible stewardship of the company’s founders. Empowering employees through ownership not only enriches their futures but also establishes the groundwork for sustained prosperity and a legacy of mutual success. We eagerly anticipate Environmental Restoration’s ongoing achievements.”

April 30, 2024, Out & Out, transitions to employee ownership via TeamShares.  Owner Eric Fix recently sold the business to Teamshares, an organization that specializes in transitioning successful small businesses into employee-owned businesses, according to a press release. Teamshares provides leadership, software, technical training and support for all team members.  Fix said he appreciates the value that the employees have added to the growth and success of Out & Out and felt that it was a good time to shift the business to them.

April 29, 2024, Liberty Leasing, transitions to employee ownership via an EOT.  The decision to create this new structure was driven by the desire to sustain the company’s independence and recognise that Liberty Leasing was built upon the hard work and commitment of its employees.  “Many businesses in our sector get acquired by larger competitors or outside investors as they grow. In order to maintain what we have built and drive the business forward, we’ve created the Liberty Leasing Employee Ownership Trust,” commented Allan Clegg, managing director of Liberty Leasing.

April 25, 2024, Room & Board, transitions to employee ownership via an ESOP.  Bruce Champeau, Room & Board’s president and chief operating officer. “This was really about rewarding our staff members and continuing to preserve our culture. The tax advantage that comes with it obviously helps to benefit our staff members.” “Having the ownership be in the hands of the staff members really is the one that gives us the greatest confidence that we’ll continue to manage and lead in a way that’s consistent with all the things that we believe in as an organization,”.

April 22, 2023, CPC Project Services, transitions to employee ownership via an EOT.  Mole said “We’ve been working for many months to ensure that this change in business structure is in the best interests of our employees and clients, as well cementing CPC’s long-term strategic commitment to remain an independent and agile project and cost management consultancy.”

April 19, 2024, Humphrey M&E Consultants, transitions to employee ownership.  Michael Bainbridge said: “The transition of the company to become employee-owned is part of a long-term succession plan. High quality, hard working, and talented people have always been at the heart of HME. The move reinforces our commitment to our employees and customers and allows our staff to share in the company’s success and actively participate in its future direction.”

April 17, 2024, AV Construction, transitions to employee ownership via an ESOP.  “Since our inception, AV Construction has been committed to excellence in the delivery of healthcare development and a team approach to every project by our skilled design consultants and construction experts,” said Arees Akoubian, CEO of AV Construction. “With the employee ownership model, we can provide an excellent retirement benefit to our team of employee-owners and reassure our current and future customers that there is a strong business succession plan in place for the company and community.

April 17, 2024, 7N Architects, transitions to employee ownership via an EOT. Edinburgh-based 7N Architects said setting up an Employee Ownership Trust with owner and founding director Ewan Anderson transferring 100% of his total shareholding to a trust acting on behalf of all the company’s employees secures the firm’s long-term future.

April 16, 2024, Canna Provisions, transitions to employee ownership via an ESOP.  Canna Provisions adopts the ESOP model as a strategic move towards fostering a culture of employee ownership. This approach mitigates the challenges of 280E and promotes an inclusive work environment. “Providing an opportunity for our team to benefit from the value we are all building in Canna Provisions has been our top priority,” Meg Sanders, CEO and co-owner, emphasized the importance of shared success: “We now all win together.”

April 16, 2024, SCRAM Systems, transitions to employee ownership via an employee equity ownership program via Ownership Works.  “It’s an exciting day at SCRAM Systems. In partnership with our majority investor Riverside and Ownership Works, we are committed to fostering a culture of ownership. By encouraging our team to work together toward a shared goal of continued excellence and growth, we will be unstoppable. This program will allow us to serve our internal and external customers better, and will reward employees for their impact and engagement,” Chris Linthwaite, SCRAM Systems CEO said.

April 16, 2024, Suntec Concrete, transitions to employee ownership via an ESOP.  “Suntec is committed to growing and developing people and it’s about changing lives, and by the way, we pour concrete,” Suntec President and CEO Derek Wright told his team. “Today is a phenomenal transformation of the next 40 years of Suntec. Effective February 15, Suntec became a 100% employee-owned company.”

April 16, 2024, The Industry Club, transitions to employee ownership via an EOT.  “Moving to employee ownership means our carefully curated culture can be preserved and protected, and ensures our combined experience is brought to the fore, for the benefit of our clients, and our industry. I’ve seen first-hand the transformational impact employee ownership has on performance and the economy. It’s not just an alternative business model; it’s a vehicle for unleashing employees’ potential and driving innovation.”

April 15, 2024, The Onin Group, transitions to employee ownership via an ESOP.  “Our move to an ESOP is a declaration of our faith in the people who have built this company,” said Hugh Thomas, managing partner of Onin. “We are transitioning from a traditional corporate model to a ‘for the people, by the people’ ethos, embodying the true spirit of The Onin Group.”

April 10, 2024, DITT Construction, transitions to employee ownership via an EOT.  Central to the director’s thoughts when considering succession options was to keep the workforce secure and ensure that the company remains a “vibrant and significant part of the Shetland economy”.  Tait said: “Our success is due to the loyal team we have at DITT.  “We are committed to an annual intake of new apprentices to refresh the workforce, and ensure that there are opportunities for all for training and development.”  “A sale to a third party would potentially have disrupted that philosophy. This move to employee ownership allows the company to continue to offer an excellent service to our clients, and secure long term employment opportunities.  “A sale to an employee ownership trust lets us leave the company in safe hands. We have a very talented and experienced leadership team stepping up to take over greater responsibilities”.

April 9, 2024, EDC Group transitions to employee ownership via an EOT.  “And it benefits us as customers how?”  Well, every employee has a direct stake in the company. Now, we’ve always been strong on customer service. It’s what keeps customers coming back…which is what has allowed us to grow to this degree. But now the team ‘driving’ (drives and controls – get it?) us forward has a real investment in the company, and a responsibility to every other single team member of all three companies. “One for all and all for one” so to speak. Ok, so someone may have gotten to that slogan before us…

April 8, 2024, UK Meds, transitions to employee ownership via an EOT.  Joe Soiza, managing director of UK Meds, said: “We are thrilled that the EOT is finally complete. This is a testament to the hard work of our Financial Director Luke and all of the team.   “It is important to us that we can give back to our loyal employees, and this will only strengthen the team that we have built.”

April 4, 2024 CIRCOR International, transitions to employee ownership via KKR.

April 4, 2024, Associate Architects, transitions to employee ownership via an EOT.  Jukes said: “I am absolutely delighted to announce that we are securing our long-term independence and broadening ownership by becoming an Employee Ownership Trust. “Our people are our biggest asset, and this move enables us to ensure the company will be run in the long-term interest of our employees and will preserve the culture and values that have been the bedrock of five decades of success.”

April 4, Jaws Jumbo Burgers, adopts an Employee/Membership Co-Op program.  Though he provided few details about the nuts and bots of the arrangement, Gaddis stressed that the set-up is not an employee stock ownership program. Rather, he said, the participants will be given a contract that entitles them to a share of profits in more of a direct-drive process.

April 4, 2024 ENI adopts an Employee Stock Ownership Plan. The Plan will initially be implemented for employees in Italy and then gradually extended to foreign subsidiaries, consistent with local legislation, with the aim of strengthening the sense of belonging across the company and the participation in the growth of corporate value, in line with the interests of the shareholders.

April 3, 2024, Sky Blue Builders, transitions to employee ownership via Apis & Heritage employee-led buyout.  “Sky Blue is poised for substantial growth, and we’re thrilled to help their loyal and hardworking employees claim a fairer share of the immense value they create,” said Phil Reeves, cofounder and managing partner of A&H. “With this employee-led buyout, we hope to continue to exemplify how closing the racial wealth gap can boost revenues and profitability.”

April 3, 2024, Optimum RX Lens Specialists, transitions to employee ownership via an EOT.  “We’re empowering our employees by giving them ownership,” said Optimum Directors, Paul Bailey and Mark Marland. ‘”Our team is hard working, committed and leaders in their field, and now they are owners of Optimum too.”

April 2, 2024, Cofficient, transitions to employee ownership via an EOT.  Cofficient’s directors and co-founders, Paul Grant and Paul Tindal, see this transition as a natural evolution of the company’s core values.  “We’ve always believed in putting our people first,” said Mr Grant. “Employee ownership is a perfect fit for our vision. It empowers our team and allows them to share directly in the rewards of their hard work and dedication.”

April 1, 2024, Room & Board, transitions to employee ownership via an ESOP.  “When we got to ESOP, we had three goals in mind: to preserve the company’s culture; making sure the environment, community partners and customers remain well-served; and that we stay profitable. That was the only one for us that checked all the boxes,” Sand said.

March 28, 2024, E&O Laboratories, transitions to employee ownership via an EOT. Founder Virginia Lucey explained: “We have an experienced young diverse management team at the helm and a loyal workforce who all enjoy operating in a modern team environment, so I felt it was time to hand over more leadership responsibility to the staff who will continue to build our strong brand.  “After careful consideration, it was decided that the option of transferring ownership to a trust would benefit each and every employee.

March 28, 2024, EDC Group, transitions to employee ownership via an EOT.  Managing director Nick Brown said: “We decided to transition to an EOT to preserve the culture, drive and motivation which created the company and to work even more closely with our customers & suppliers.”  He added: “The EOT puts our people at the heart of the business. We see it as an opportunity to give our clients even better service.  “Who better to take the company into the future than the employees themselves and they should continue to share in its success.”

March 28, 2024, Fenchurch Law, transitions to employee ownership via an EOT. Managing partner David Pryce called the move “the natural next step for Fenchurch Law,”stating that becoming employee-owned reinforces the firm’s “progressive and unique values.”  “It gets rid of the ‘us’ and ‘them’ mentality and enables every member of the firm to share rewards and responsibilities,” Pryce said in an emailed statement. “It enables us to ensure that every member of the team has the opportunity to be fully involved with the ins and outs of the firm.”

March 27, 2024, Kinetics Controls, transitions to employee ownership via an EOT.  Kevin Watt, managing director at KCI commented: “Through this transfer we can empower our team to continue to deliver the same quality our customers have always received when working with KCI, while reinforcing a desire for the company’s continued success. A business structure designed to promote collective responsibility will also benefit our customers – a more collaborative workforce provides a strong focus on delivering quality services, motivating employees to deliver for our customers.

March 27, 2024, Mobilevalley, transitions to employee ownership via an EOT.  Troy Smith, managing director at Mobilevalley, said: “Our business model is only achievable through the hard work and dedication of our employees, and we’re so pleased that HSBC UK has been able to support our vision of ensuring our business stays committed to its people.”

March 26, 2024, Parfitt Cresswell, transitions to employee ownership via an EOT. Group Director Nigel Harper explained why they’ve transferred shares to the EOT: “Over the years, our fantastic team has built the business with us. We want them to share in our success. We set up the EOT to safeguard our shared legacy and promote the well-being of everyone associated with our business, today and in the years to come.”

March 24, 2024, Frosts transitions to employee ownership via an EOT.  The plan is for Frosts to eventually become 100% employee owned and perhaps transition to becoming a B Corp. “We’re about being a business that is not only good for our employees, but good for society as a whole, and good for the environment, and this is just one step on that journey.”

March 22, 2024, Natural Way Chiropractic, transitions to employee ownership.  “When you get a company as big and successful as ours, venture capitalists and other, bigger hospitals just want to eat you alive,” Hansen said. “And having all of these aggressive offers coming in was causing me to lose sleep. There was no way I could sell this place to a company that I knew would come in and lay people off, decrease wages and cannibalize the company.”  It’s this very growth and quality service that Hansen said began attracting unwanted attention from other larger companies and what ultimately drove his decision to place ownership of the company in the hands of its employees.

March 20, 2024 Parfitt Cresswell, transitions to employee ownership via an EOT.  Nigel Harper, group director of Parfitt Cresswell, said: “Over the years, our fantastic team has built the business with us. We want them to share in our success. We set up the employee ownership trust to safeguard our shared legacy and promote the wellbeing of everyone associated with our business, today and in the years to come.”

March 18, 2024, Suntec Concrete, transitions to employee ownership via an ESOP.  “This ownership system is designed to create a greater sense of pride and commitment among employees as they now have personal investments in the success and growth of the company,” the release stated.

March 18, 2024, DigiCopy, transitions to employee ownership via an ESOP.  “Being 100% ESOP means our employees can grow their retirement balance based on the work they do every day to help DigiCOPY achieve its goals,” said Craig Shuler, DigiCOPY President & CEO. “I believe this is the most unique retirement benefit we can offer, because the employees can directly affect growth in their own retirement savings, and it’s a great supplement to the 401(k) plan DigiCOPY also has in place,” he adds.

March 16, 2024, Ocaquatics Swim School transitions to employee ownership via an EOT.

March 15, 2024, M Culinary Concepts, transitions to employee ownership via an ESOP.  “When you have a vibrant, team-centric culture like we’ve built at M Culinary, it doesn’t make sense to be selfish,” Mr. Maxwell, CEO and co-founder, said in a prepared statement.  “By giving our employees a stake in the company, they become the CEO of their own position, furthering the business and fostering a healthy culture that leads to even more success.” “The foundation of M Culinary’s success has always been our incredible team,” Mr. Maxwell said. “It is our honor to give back to our employees in a way that builds wealth for their families in this generation and beyond.”

March 13, 2024, Lingfield Equine Vets, transitions to employee ownership via an EOT. “We believe we are the first equine practice in the country to become an EOT,” said Director, George Christopherson. “Unlike the other large equine practices in the south-east, we never felt comfortable with the idea of selling to a corporate giant, so becoming an EOT felt like the perfect solution for us.  “The data is very clear, employee-owned businesses have higher employee retention, work more efficiently and have a team who are ultimately more satisfied and successful, which is great news for everyone in the practice and our clients. In the future, Lingfield Equine Vets should also be able to offer some of the best salaries in the industry, as increasingly any surplus profits will be distributed amongst all employees.”

March 12, 2024, Brown Construction, transitions to employee ownership via an ESOP. “An ESOP creates a great retirement benefit for our employees and ensures that our employees are rewarded for their hard work and the success of the company,” said Ron Brown, President and CEO of Brown Construction. “It is also important to us that our current and future clients know that there is a transition plan in place and that Brown Construction will continue to operate for many years to come, with all of our valuable employees now being owners of the business. We want to thank the Menke Group for their excellent advice and counsel in structuring and launching the ESOP for us.”

March 8, 2024, Ham Broadcasting, transitions to employee ownership via an ESOP.  Ham Broadcasting President and General Manager Beth Mann adds the decision to become an ESOP ultimately means the radio stations and networks owned by Ham Broadcasting will always be a part of the communities served today and in the future.

March 8, 2024, AC Plastics, transitions to employee ownership via an EOT.  Martin commented: “Transitioning to an Employee Ownership Trust is a brilliant milestone for AC Plastics and a bold step towards a future where every employee has a stake in our success. This move reflects our belief in the collective power of our team to drive innovation, enhance customer satisfaction, and steer the company towards new heights.

March 6, 2024, Airborne Environmental Consultants Ltd, transitions to employee ownership via an EOT.  Mandy Reid, Director, Airborne Environmental Consultants Ltd (AEC), said: “At the heart of AEC has always been a key focus on how we look after our staff and customers, and it was very important to me that we continued to protect the legacy of what we had built and that we also secured the future growth plans for the company. Any member of the AEC team, whatever their role in the business, will be in control of their destiny.”

March 5, 2024, Handy Brand, transitions to employee ownership via an EOT.  The decision to move to an employee ownership model was driven by the company’s owner, Martyn Kilford, who recognised the invaluable contribution of his team to the company’s success. By transferring a 51% stake to the employees through an EOT, Handy Brand has rewarded its team’s dedication and invested in its future growth and stability.

March 5, 2024, Keppie Design, transitions to employee ownership via an EOT.  Mr Moran, who is the managing director, said: “The outstanding loyalty and contribution of Keppie employees over the years has earned our practice the reputation it has today.  “We believe that the best people to own the future of Keppie are the people who know it best – our present and future employees.  “The EOT will provide a platform for our business to grow, with a commitment to continual professional and personal improvement and innovation to ensure Keppie maintains its position as a market leader.”

March 5, 2024, ETC, transitions to 100% employee ownership via an ESOP.  While moving from a partial ESOP to a full 100% employee-owned company was always in the plan, the Board admits they did not think it would happen for several more years. “The move to 100% employee ownership first and foremost, increases the retirement benefits of our employees. It’s also a great way to maintain decisions that are in the best interests of our employees and the markets we serve,” Dick Titus says. “We’ll also be able to put more focus on improving operations, increasing product development resources, and pursuing new technologies for the future.”

March 5, 2023, Monteith Construction, transitions to employee ownership via an ESOP.  “From day one, people have been central to our company purpose and growth, and for several years now, we have taken steps to make our company an employee-owned one,” says John Monteith, company founder and chairman. “We have always led with culture, so making Monteith a place where everyone shares in ownership is the natural next step in our evolution.”  “This is about putting ownership into the hands of the people who drive our success,” adds CEO and President Bryan Thomas. “Our team brings passion and grit to work each day, and the ESOP now provides a long-term, wealth-building benefit without changing any of our company values. We couldn’t be more excited for what the future holds.”

Feb 29, 2024, Genesis UK, transitions to employee ownership via an EOT.  “I have three lovely daughters and none are interested in taking over the business and I felt I didn’t want them to be left wondering what to do with it. I knew I could easily sell it but was worried that if I did it would be taken away from Tywyn and my team would lose their jobs. I couldn’t let that happen. This community created my business and has sustained it for over 50 years.”  Mike took advice from Business Wales and was told about creating an Employee Ownership Trust and that led him to Kent-based expert Chris Maslin.

Feb 28, 2024, Meyer Contracting, transitions to employee ownership via an ESOP.  Charlie Kramer, the firm’s chief financial and human resources officer, said that CEO Paul Meyer and president Verlyn Schoep decided to pivot to an employee-owned model as they considered their own retirement. Kramer said the pair saw the move as a way to “protect the culture and company we built” without having to worry about selling it to a third party.

Feb 28, 2024, Next Street, transitions to employee ownership, “As a firm that’s focused on keeping underserved small businesses at the center of our work, it’s important that our employees—87 percent of which identify as BIPOC or women—are also small business owners,” said Samantha Berg, co-CEO, Next Street. “We see this transition of Next Street to an employee-owned firm not only as aligned with our client work but also aligned with our values.”

Feb 26, 2024, Finit, transitions to employee ownership via an ESOP.  “Transitioning to an ESOP is a testament to our belief in our team and their contributions to Finit’s success,” said Rob Cybulski, co-founder and CEO of Finit. “We have built the foundation for the future of Finit with those who care about it the most and know it best: our amazing employee team members. This move paired with our existing management and leadership team remaining fully in place not only elevates our employee team member experience and benefits, but creates a unique and deeper alignment of interests with our clients to create transformative outcomes and spur vital innovations for the CFO organization.”

Feb 26, 2024, George Roberts.  transitions to employee ownership via an EOT.  According to George Roberts, the move comes after carefully considering various succession plan options, including a third-party sale. Ultimately, the leadership concluded that the EOT would best serve the interests of both employees and customers.

Feb 26, 2024 Eolas Architects, transitions to employee ownership via an EOT.  Rob Macpherson, founder and director of the EOT, said: “The move to an EOT is an effective way of rewarding our employees for their loyalty and hard work over the past 13 years. I look forward to continuing to work alongside them, as we deliver the excellent service our clients have come to expect from us.”

Feb 23, 2024, Lingfield Equine Vets, transitions to employee ownership via an EOT.  Mr Christopherson, said: “We believe we are the first equine practice in the country to become an EOT. Unlike the other large equine practices in the south-east, we never felt comfortable with the idea of selling to a corporate giant, so becoming an EOT felt like the perfect solution for us.  “The data is very clear, employee-owned businesses have higher employee retention, work more efficiently and have a team who are ultimately more satisfied and successful, which is great news for everyone in the business and our clients. In the future, Lingfield Equine Vets should also be able to offer some of the best salaries in the industry, as increasingly any surplus profits will be distributed amongst all employees.”

Feb 22, 2024, KRB Machinery, transitions to employee ownership via an ESOP.  “We are excited to announce this important milestone in KRB Machinery’s history,” said Nathan Kauffman, president and CEO of KRB Machinery. “Since 1986, our employees have been a driving force behind our success. By transferring ownership to them, we are recognizing their dedication and contributions to our success and are confident that this will fuel even greater innovation and growth in the years to come.” 

Feb 22, 2024, Port-P transitions to employee ownership via an EOT.  Co-founder Mark Paget said: “In the year in which we celebrate our 30^th birthday, it seems fitting to take the first step in the next stage of our journey. The business has been built on the foundations of our incredible team and it feels amazing to recognise and reward them all in transitioning towards full employee ownership.

Feb 21, 2024, Eolas Architects, transitions to employee ownership via an EOT.  Rob Macpherson, founder and director of the Eòlas Architects said: “The sale to an Employee Ownership Trust is an effective way of rewarding our employees for their loyalty and hard work over the past 13 years. I look forward to continuing to work alongside them, as we deliver the excellent service our clients have come to expect from us. We’re extremely grateful to the team at TLT who shared their employee ownership experience with us and helped us implement the employee ownership model successfully. We are very thankful for their advice and support.”

Feb 20, 2024, Brix Paving Northwest, transitions to employee ownership via an ESOP.  “Selling the company to our employees through an ESOP was a natural choice,” Brix President Billy Stimpson stated in the press release. “Our employees have been instrumental in our success, and this transition allows them to take ownership of the company and shape its future.”

Feb 20, 2024, Roger Langeliers Construction Company, transitions to employee ownership via an ESOP.  “Becoming an employee-owned company honors my father Roger Langeliers’ legacy,” Roger Langeliers Construction Co. President Web Langeliers stated. “As previous owners, we are proud to reward the employees who have contributed to the company’s success and uphold Roger’s standards of excellence.”

Feb 16, 2024, Blue Flame, transitions to employee ownership via an EOT. The transition to Employee Ownership is not just a change in structure but a continuation of the legacy and values that have been the foundation of Blue Flame’s success. Mark and Paul have always regarded their team as the cornerstone of the company’s achievements and see Employee Ownership as a strategic move to ensure the long-term stability and prosperity of Blue Flame. This model aims to foster a sense of shared responsibility, innovation, and commitment among all employees, aligning the workforce’s interests with the company’s goals.

Feb 16, 2024, Meyer Contracting, transitions to employee ownership.  “Our employees have built Meyer into a leading contractor in our market, and it is exciting to see them reap the rewards of their loyalty and commitment to Meyer,” CFO Charlie Kramer said. “We think this change in ownership will keep our high retention rate intact as well as attract great new employee-owners to help us continue to grow.”

Feb 14, 2024, Purplefish, transitions to employee ownership via an EOT.  “I believe our traditional business structures are becoming outdated where companies are run for the sole benefit of owners and shareholders – employee ownership offers a more authentic way of running a business where commercial growth is still a focus but the benefits can be shared more equitably.”

Feb 13, 2024 Kick-Start publishing, transitions to employee ownership via an EOT. Kick-Start Publishing Limited, a reputable publisher focusing on the contract flooring and tiling sectors, has passed into 100% employee ownership via an Employee Ownership Trust (EOT).The move means that the whole company is now owned by trustees for the benefit of its staff who will have a direct say in the destiny of the business, as well potentially benefitting from the tax advantages an EOT ownership model offers.

Feb 12, 2024, Prima Bakeries Group, transitions to employee ownership via an EOT. The ownership transition forms part of a long-term succession plan for the Cornwall-based business, which owns Cornish Premier Pasties and Prima Bakeries

Feb 9, 2024, Pinnacle Designs, transitions to employee ownership via an ESOP. Our employees have contributed mightily to our success due to the passion and innovation they bring to work each day,” said David Messe, president of Pinnacle Designs. “The ownership culture that has existed in our company has even more meaning now. We have several employees that have been with our company 30-plus years, and another seven with over 20 years. A total of 51 employees are now part of the employee owned company. The ESOP demonstrates our commitment to them, further allowing them to take part in our future success.”

Feb 7, 2024, Key Production, transitions to employee ownership via an EOT.  Emanuel says, “After just over 33 ⅓ years of being the sole director and owner at Key Production, it’s time for me to secure the next 33 ⅓ years. I’m truly excited to do this by setting up an employee ownership trust, to empower the people that have helped me build the company and amazing culture that is Key Production, namely the staff. I will be staying on as CEO to transition us into this next stage of growth and development”.

Feb 1, 2024, Empowered Energy Systems, transitions to employee ownership via a worker cooperative.  Founder Danielle Carre says becoming a Public Benefit Corporation “ is a logical step since the company has a history of community work and contributions.”

Jan 31, 2024, Brubaker, transitions to employee ownership via an ESOP.  Deraco said the family had been working on the plan for more than five years. Deraco was brought in January of 2023 to shepherd the company towards the employee stock ownership plan. While they could have sold to a private equity firm, Deraco said she and the family had a goal of an ownership plan that would benefit employees as well customers and the business itself. The company has a list of 30,000 customers, Deraco said.

Jan 30, 2024, Vincenzo, transitions to employee ownership via TeamShares.

Jan 26, 2024, Phase 2, transitions to employee ownership via an ESOP.  CEO Heath Clinton said leadership chose the model over other options, like selling to a private equity firm, for a number of reasons. As an employee-owned company, he said the business can operate independently as well as provide employees a retirement benefit and literal stake in the firm’s financial success.  “Being employee owned means the destiny of our company is in the hands of the people who care the most – our employees,” Clinton said. “As we reward our team, they will take exceptional care of our clients and each other.”

Jan 26, 2024, Action Group, transitions to employee ownership via an EOT. Co-founder Hersey said: “We’ve always endeavoured to be a progressive business and we wanted to future-proof the company and the careers of those who work in it. “Creating an EOT felt like the perfect way to reward our longstanding, hard-working team. There are also benefit for anyone new joining the team.”

Jan 25, 2024, Viva, transitions to employee ownership via an EOT.  “I believe this step is the right way forward for Viva,” said Tony Garner. “We’ve spent the last 20 years establishing our name and I see the EOT as a great way of securing our future. Our employees benefit, and our clients have a clear picture too.  “We are in essence a people business and we’ve been successful thanks to our talent and culture. Our leadership and our team have ensured we have enjoyed excellent client retention even through challenging times while remaining a great place to work. Having employees own that success themselves will only accelerate our agency’s ability to deliver excellence.”

Jan 25, 2024, Climate Systems, Inc, transitions to employee ownership via an ESOP.  “I weighed all our options, but after a lot of thought and soul-searching, I felt an ESOP was the best fit for Climate Systems,” Gregg Welch said. “The HVAC industry is getting a lot of attention from outside investors and holding companies. The other options would have taken away from the local, small-company atmosphere that we have spent 40 years developing.”

Jan 24, 2024, Newcastle Holdings, Inc., transitions to employee ownership via an ESOP.  Himanshu Chaudhry, Vice President at Prairie added, “The ESOP will continue Newcastle’s commitment to operational excellence while creating substantial opportunities for the employees to grow.”

Jan 23, 2024, Bain and Gray, transitions to employee ownership via an EOT. Bain said: “Choosing to create an EOT was a no-brainer: as co-founders we continue our active involvement in the company, while ensuring staff help steer our present and future. In doing so, we are creating a seamless strategy for succession. With a reputation for staff retention and longevity, and despite other approaches for the business, we felt that passing on the business to our team was exactly the right thing to do. We are securing the future stability of Bain and Gray in the hands of a highly competent team.”

Jan 22, 2024, Vincenzo’s, transitions to employee ownership via Teamshares.   Former co-owner Bill Whitley says he and his partner started thinking about retiring a year ago, but he didn’t have an exit strategy.  Then he learned about Teamshares and eventually sold to them.  Teamshares is a company that buys businesses and claims to retain staff, keep it local and make the employees the owners.

Jan 22, 2024, Wyatt International, transitions to employee ownership via an EOT. Chief executive Karen Bernie said:  “The decision to transition to employee-ownership is part of our long-term succession strategy and creates new leadership opportunities for our entire team, some of whom have been with the agency for many years.  From a personal perspective, the fact that Wyatt is now employee-owned means a great deal to me. For six decades, we have been family-run and steadfastly independent and now this legacy will continue as we enter a new chapter.”

Jan 19, 2024, Milestone Creative Ltd, transitions to employee ownership via an EOT.  “We’ve always been like a family business. It wouldn’t be right to sell it to another company. It’s much more Milestone to give our team more responsibility,” said Jay Roff, the company’s joint managing director.  Ian Sutton, joint managing director, added: “A shared sense of ownership is a core part of our culture and key reason for our success. Now it’s for real. Long may Milestone continue!”

Jan 17, 2024, DH Technologies, transitions to employee ownership via an ESOP.  “We are excited to embark on this new chapter as a 100% ESOP-owned company,” said Devin Henderson, CEO at DH Technologies. “This transition is a testament to our belief in the power of employee ownership, and it aligns perfectly with our core values. Our customers and vendor partners can rest assured that we are fully committed to delivering excellence in all aspects of our business.”

Jan 16, 2024, Stewart’s Ambulance Service, transitions to employee ownership via an  ESOP.  “There is no Stewart’s without the employees that keep us going, and this ESOP is a well-deserved recognition of that reality,” said Stacy Meier, executive director of Stewart’s Ambulance Service. “Historically, private EMS workers’ retirement options have lagged far behind the public sector. We’re so proud to be able to help guarantee our workers can retire comfortably at the end of their careers.”

Jan 15, 2023, Accept Cards, transitions to employee ownership via an EOT.  Richard Bradley, CEO stated  “This is the natural next step for our business and a really exciting time in the history of Accept Cards. The business has secured continuous year-on-year growth, which has only been possible because of the hard work and dedication of everybody working here.  “Transferring to an EOT gives our team much-deserved recognition and autonomy after being pivotal to our success to date. I’m proud that we have a long established, settled team who have welcomed the opportunity to become an EOT with open arms.”

Jan 11, 2024, Westbrook Holdings, transitions to employee ownership via an EOT. “Our thanks go to Castle Square, Freeths, and HSBC for their pivotal roles in enabling this EOT to happen. Now, those contributing ideas, hard work, and professionalism will directly benefit from Westbrook’s success. The sky is the limit.

Jan 10, 2024, Helensburgh Toyota, transitions to employee ownership via an EOT.  Managing director Mr Mulvaney said “People have always been at the heart of what we do, whether that is staff, customers or the community.  “This felt like a natural transition as the business will remain in the hands of those local staff who have made it what it is. Our customers value the service, the personal attention, and the familiar trusted face when they walk in and that will remain.”

Jan 9, 2024, TextbookRush, transitions to employee ownership.  Phil Smyres, the driving force behind TextbookRush, expressed enthusiasm for this new chapter: “As we embark on this journey of employee ownership, I am confident that this transition will further strengthen our company’s foundation. The incredible team at TextbookRush has been integral to our success, and this move is a recognition of their hard work and dedication. I am excited about the positive impact this change will have on our corporate culture and overall performance.”

Jan 8, 2024, Casco Bay Food and Beverage, transitions to employee ownership via an ESOP.  Ted Morton, the company’s founder, approved the decision, citing his commitment to employees, customers and communities.  “Becoming an ESOP allows us to share our success with these employees and see them benefit from the company’s prosperity,” said Niki Morton, the company’s executive vice president and Ted’s wife.

Dec 26, 2023, Process Cooling Systems, transitions to employee ownership via an ESOP.  “Our employees are the foundation of our success,” Ted Rudy, president of Process Cooling Systems, said in the release. “What better way to demonstrate our gratitude to our employees for their commitment to our shared success, than to provide them with stock ownership.”

Dec 21, 2023, Optagon Group, transitions to employee ownership via an EOT.  A statement from founders Tom and Tina Cullingford said: “It takes a lot of hard work and determination to build a company, and it takes a great team to build a great business. We were approached earlier in the year by a large organisation that wanted to buy the business, which got us thinking. It was an amazing offer but we turned them down because we want our company to be in charge of its own destiny.

Dec 14, 2023, New Helvetia, transitions to employee ownership via a cooperative.  The Workers Assembly, composed of employees, will handle day-to-day decisions. Major fiscal choices will be put to a full membership vote, but the wages for employees will be set by the co-op. Of course, being a member-owner also comes with perks, which may include 20% discounts on pints and food in the Tap Room, 10-25% off merchandise, and four-pack purchases based on beer styles. But the key here is ownership, says David Gull, founder of New Helvetia Brewing Company.

Dec 13, 2023, Blooming Nursery, transitions to employee ownership via Apis & Heritage Capital Partners.  Blooming founder Grace Dinsdale is confident that employee ownership under A&H’s guidance is the right path for her business and its workers. “I’m devoted to my team. Everyone works hard here to produce the quality and beauty of Blooming Nursery’s plants, sold to the best independent garden centers. My employees are like family to me. I can’t imagine a better future for us, myself included. I’m thrilled by the legacy I leave behind and know it will continue to grow and prosper!”

Dec 13, 2023, Text-Em-All, transitions to employee ownership via an EOT.  “We’re not just introducing a new model; we are redefining success for business owners. By fully embracing the principles of capitalism, we empower every team member, not just the traditional owners and executives,” states Brad Herrmann, Founder and President of Text-Em-All. “This shift cultivates a workforce that’s enabled and deeply invested in our collective success. Our customers, employees, and their families will all reap the benefits of this revolutionary change. Together, we are creating a future where everyone wins, setting a new standard for thriving in business.”

Dec 12, 2023, Fraley and Schilling, transitions to employee ownership via an ESOP. Robert Schilling, the second-generation owner, said, “Becoming an ESOP is a testament to our belief in the incredible talent and dedication of our team. This move not only recognizes the contributions of our employees but also positions us for sustained success in the years to come. We are excited about the positive impact this will have on our corporate culture and our ability to attract and retain top talent.”

Dec 12, 2023, Thomas Carroll, transitions to employee ownership via an EOT.  Rhys Thomas said: “This is all part of our long-term succession plan for the business. The EOT model very much reflects the ethos of the group, one which has been in place since my father and Terry founded the company 51 years ago, and one which we now want to pass on to the next generation.  “We wanted to respect the legacy and heritage of those that built this wonderful company and to find a suitable way to achieve a successful succession plan at the same time – and we believe that EOT does all of this.  “We’ve never entertained a trade sale and are fiercely independent, putting our clients first for more than 50 years, and wish to remain so. Within that time, we’ve seen many competitors being sold and swallowed up by larger companies and our industry in turn being monopolised by a few businesses – that has never been an option for us.”

Dec 12, 2023, Interact, transitions to employee ownership via an EOT.  “Making sure the Interact team are rewarded for their loyalty and hard work is hugely important, as is future-proofing the business for the long-term. Interact has been named ‘Outsourced Contact Centre of the Year’ twice this year due to our focus on people and customer experiences. The move to Employee Ownership will ensure this focus remains, allowing our employees and clients to remain Interact’s No. 1 priority,” said Neil Perring, Chairman, Interact.

Dec 9, 2023, Raynor Foods, transitions to employee ownership via an EOT.  Matt Raynor, Former Chairman at Raynor Foods, added: “We are excited to join the growing group of energetic and successful companies who have decided that an employee-owned structure provides the best basis for future growth and continuous improvement of employee welfare and motivation.

Dec 7, 2023, Ellwood Atfield, transitions to employee ownership via an EOT.  “As we came out of the Covid pandemic we began to explore new ways to build a more sustainable business and becoming an employee-owned business stood out as a prime opportunity for us. Our people are our competitive advantage and we are very much focused on supporting their professional development. By becoming employee-owned, we are putting greater power into their hands, which in turns creates more opportunities for colleagues to influence corporate success and reap the rewards. We chose to be 100% employee owned which bucks the trend of others who have taken this approach, but if we were going to take this leap, we knew it would require our full commitment.

Dec 7, 2023, ABC Glass, transitions to employee ownership via an ESOP.  Speaking on the transition, Ian Sawyer, director at ABC, said, “As a close-knit family business at heart, with an ethos grounded in service and quality over quantity, we decided that an EOT was the right option to carry the company forward for the long-term benefit of it and its employees and for the exit of the current owners.”

Dec 6, 2023, Simple Modern, transitions to employee ownership via an ESOP.  “This morning after I announced the ESOP to our employees, one of them came up to me and he said, ‘I just have to thank you. I can’t put into words what working for this company has done but it has transformed the trajectory of my family’s life,’” Beckham said Tuesday.

Dec 5, 2023, Hudgell Solicitors, transitions to employee ownership via an EOT.  Founder Neil Hudgell shared, “There are many law businesses that have been around 50 and 100 years, so my mind now is to create a bit of a legacy.  “The best way to do that, and protect the long-term future of the firm, is by embracing the talent we have in the business, elevating that and giving them more of a direct voice in the management and ownership of the business for the future.  “This will also ensure we retain the culture and ethos of the business, and provide continuity for our team and our clients.”

Dec 4, 2023, Legend Valve, transitions to employee ownership via an ESOP. “After 35 years of leading Legend, we sought to transition to a long-term ownership strategy and sustain continuity of our business,” he [David Hickman] said. “We are excited about this critical development in our business. Employee ownership ensures that we will remain an independent, locally operated company. The values that have allowed us to prosper for more than three decades.

Nov 29, 2023, UK Electronics, transitions to employee ownership van an EOT. Neil Carr, director at UK Electronics said: “Upon deciding to step away from the business, it was extremely important to Ian and me to find a way to recognise the hard work and efforts of all the employees at UK Electronics who have been instrumental to its growth and success. We’re extremely grateful to the team at TLT who shared their employee ownership experience with us and helped us understand how it could work for UK Electronics.  We’ve long had a policy of training junior staff on the job and promoting from within so the move to employee ownership is not only a way of retaining all our staff but also a way to continue our market-leading legacy and values. Douglas and Nimarta were able to guide us through from the inception of the trust, all the way through to sharing the news with our employees. We are very thankful for their support.” 

Nov 29, 2023, Swift Research, transitions to employee ownership via an EOT.  The decision to become employee-owned was based on Sandra Penfold’s desire to hand Swift over to the team in order to secure its long-term future as an independent agency, the company said.

Nov 28, 2023, Toucan, transitions to employee ownership via an EOT.  Founder Paula Bates’  shared “Becoming employee owned is the ideal way to seal in the company culture we’ve all contributed to, besides rewarding staff by giving them a say and a real input in their own future.  was given the same opportunity 22 years ago to take the reins of the company when the time was right, and the rest is history.”

Nov 28, 2023, DHE Plumbing & Mechanical, transitions to employee ownership via an ESOP.  “We just decided that we’ve always kind of looked at our employees as our partners, and it was time to legally make them so,” Heyboer told Crain’s Grand Rapids. “We want to see the name grow on and we are very proud of the team we have, (so) we thought that’d be the best way for that to happen.”

Nov 27, 2023, Core Five, transitions to employee ownership via an EOT.  Clark said the firm had been discussing a succession plan for the past five years and added: “The EOT allows us to broaden the ownership and ensure we pass the business on. We’ve tried very hard to keep a family feel to the business to deliver what we call ‘large firm capability, boutique firm delivery’.”

Nov 27, 2023 Potter Global, transitions to employee ownership via KKR. “Implementing KKR’s equity ownership philosophy, which will make every employee an owner, will be instrumental in achieving our potential and we are looking forward to the exciting growth that all employees together will drive as co-owners in Potter,” said Gerry Connolly, CEO of Potter.

Nov 24, 2023, ACME, transitions to employee ownership via an EOT.  ACME said that since its inception the studio ‘has aspired to work for the benefit of all staff, sharing its profits transparently and equitably’.  It added its new employee ownership ‘formalises legally how we have intended to run the company from the start’.  ACME said the move ‘does not change how we work and does not change our purpose to create outstanding projects with joy and sustainable profit’.

Nov 21, 2023, 2LK, transitions to employee ownership via an EOT.  MD and Agency Partner, Dan Mason, commented: “Our people have always been our most important asset and the driving force of our accomplishments. Ensuring they benefit from the company’s success, and feel invested in the collective future, is core to our beliefs.  Dan continued: “Thinking of an exit strategy, my business partner Andy and I were adamant we wanted to protect the employees, culture and independence of 2LK after 30 years of private ownership, which meant any other course of action just wouldn’t have been appropriate. This is a positive and progressive step in our story and is good news for our team and our clients.”

Nov 21, 2023, State of Franklin Healthcare Associates, transitions to employee ownership via an ESOP.  Rob Slattery, CEO of SOFHA, said, “Adopting the ESOP structure marks a pivotal step in our commitment to value-based healthcare. It enables us to deepen our investment in our most valuable asset — our people. As a physician-led entity, the active engagement of our employees is crucial to our evolution and success in improving health outcomes. The ESOP aligns perfectly with our mission, vision, and values, setting a clear course for our organization’s future — one that’s built on the collective effort and shared success of our entire team. It’s really simple, we are people serving people.”

Nov 17, 2023, Generation Media, transitions to employee ownership via an EOT.  Dean Weller comments: “We have always been a ‘people first’ company since the launch of Generation Media in 2008, and we’re determined to carry this mission into our future.  In the new scheme, our team members will play an even more influential role in shaping the way our business operates, and I am dedicated to ensuring that every single employee feels not just involved, but truly a part of our journey. Without them, the Company wouldn’t be where it is today, and their hard work and loyalty deserves to be recognised.“

Nov 16, 2023, Goodman Nash, transitions to employee ownership via an EOT.  Alan Weston said, “After many successful years it is only fitting that Goodman Nash passes the baton on to those who work hard to ensure the company achieves its ambitions.  “We have an extremely talented team with a wide-ranging set of skills, all of whom now have the opportunity to take the company forward and continue to blaze a trail in our industry.  “I would like to congratulate them all as new owners and it’s reassuring to know that Goodman Nash is in the safest hands possible – those of its employees.”

Nov 14, 2023, True Fostering, transitions to employee ownership via an EOT.  The shift to an EOT is more than just structural; it’s a reflection of the agency’s intrinsic values. The EOT model reinforces our deep-rooted commitment to the families and children in our care. It affords us the freedom to innovate and provide unparalleled, in-depth support, aligning even more closely with the needs of our community,’ said Sarah Naish, director at TRUE Fostering and CoECT founder.

Nov 14, 2023, Ologie, transitions to employee ownership via an ESOP.  “I couldn’t be happier or more excited for our people about this next chapter,” said Ologie founder and CEO Bev Ryan. “The move to an ESOP demonstrates our commitment to them, allowing them to take part in our future success, while also continuing as the fiercely independent agency that we’ve always been.”  The shift to employee ownership will help preserve Ologie’s flexibility and sustainability as an independent company. There are no planned changes to Ologie’s management structure or day-to-day operations, and the conversion to an ESOP will not impact Ologie’s work with its clients.

Nov 13, 2003, East On Media Solutions, transitions to employee ownership via an EOT. Darryl Easton, founder of the East On Projects group, said: “We are excited about this move to an Employee Ownership Trust. This decision is a testament to our belief in the collective strength of our team. We are confident that this transition will not only empower our employees but also strengthen our relationships with clients, driving us towards even greater success.”

Nov 13, 2003, Quiip, transitions to employee ownership via an ESOP.  Alison Michalk, Quiip CEO, said this has been in the works for nearly two years.  “Employees are integral to our success, and I believe in the redistribution of profits,” Michalk said. “I’m proud as it’s a unique initiative that not many companies undertake. Leading the way as a B Corp is a challenge that keeps me going!”

Nov 10, 2023, Miller Research, transitions to employee ownership via an EOT. Director Nick Miller said that deciding to pursue employee ownership was a natural step given the rapid growth of Miller Research over recent years: “Miller Research has seen an increase in business even in the face of market uncertainties including Brexit and Covid-19. The key to this resilience has been a team that’s diverse in its skillset and knowledge of differing sectors. There’s no one that knows the business better than the staff, so it makes sense to keep the legacy in their hands.”  Nick added: “This EOT is just a reflection of how we want to operate as a business, and I’m really pleased to have made it happen alongside Cwmpas.”

Nov 10, 2023, Abbey Business Interiors, transitions to employee ownership via an EOT.  Dave Giles said: “Having researched the various sale routes, we quickly discounted a third-party sale and an MBO. An employee-owned business is the perfect model to reward employees through the success of the business, and plan senior management exits over a period of time, whilst maintaining confidence and reassurance to employees and clients alike.”

Nov 8, 2023, Pratap Partnership, transitions to employee ownership via an EOT.  Nik Pratap said: “Establishing Pratap Partnership with the other shareholders has been the proudest achievement of my career so far.  “The process of nurturing and expanding our current team has deepened that sense of accomplishment.  “Completing this transaction to place the ownership of the company in the hands of our employees is an achievement that is hard to put into words. It has been the most rewarding and exciting experience that I can imagine.

Nov 3, 2023, Grassi, transitions to employee ownership via an ESOP.  “Our team members have built this firm and our reputation by giving our clients exceptional quality, service and care,” says CEO and MP Louis Grassi, who, along with the firm’s entire management team, will remain in place under the new ownership structure. “Keeping our firm strong and in the hands of our team members is one way we can thank them and show them we care for them, their future and their well-being.”

Nov 3, 2023, Sullivan Tire and Auto Service, transitions to employee ownership via an ESOP.  “We are honored and proud that the future of Sullivan Tire will be shepherded by the people who have all played a role in helping us accomplish the brand recognition that is prevalent throughout New England,” said Paul Sullivan. “When Bob and Mary Sullivan started the company, they decided that respecting our employees and their families was going to be a key foundation of Sullivan Tire; this ESOP will carry on that belief.”

Nov 1, 2023, BNIM Architects, transitions to employee ownership via an ESOP.  “An employee-owned design company has been a longtime vision for BNIM, and the firm looks forward to moving into this new future for the practice,” said Steve McDowell, a BNIM principal.  “I couldn’t be more excited about and committed to our new structure and the evolving leadership transition that is part of this important change. BNIM is driven by the adage that ‘no one knows as much as everyone.’ We believe this is integral to our practice as BNIM employees deliver on our core purpose and values every day,” McDowell shared in a press statement. “The impact of this work is now further represented through co-ownership, providing employees with immediate and long-term benefits as they guide our practice forward,” he offered

Nov 1, 2023, Packaging Concepts, transitions to employee ownership via an ESOP.  Packaging Concepts’ second-generation owner and current CEO, John Irace, commented on the transaction, “Our dedicated and long-tenured team has been the lifeblood of our company. It’s only fitting that we transition ownership of PCI to our employees to carry on the legacy of innovation, efficiency, and customer satisfaction that made us a market leader today.”  PCI’s COO and second-generation owner, Anthony Irace, stated, “Since our father started the business over 50 years ago, our company has remained committed to going above and beyond to ensure every product we roll out meets the PCI standard of excellence. PCI was built on a commitment to delivering quality products in a timely manner and exceeding the expectations of our customers.  A sale to an ESOP ensures that our core values and culture remain intact, while rewarding the employees who helped us build the company by providing them the opportunity to benefit from future value creation.”

Nov 1, 2023, Raynor, transitions to employee ownership via an EOT.  The family said it had transferred the entire shareholding to an employee-owned trust (EOT) and added the move would provide the “best basis for future growth” and continuous improvement of staff welfare and motivation.  “There will be none of the upheaval associated with a change in ownership and the company will continue to be run in the same way, by the same people,” according to a statement from the group.  “The difference is that the words ‘family firm’ will now extend their meaning to include every member of our workforce.”

Oct 31, 2023, The Ōnin Group, transitions to employee ownership via an ESOP. “Our Ōninites are the backbone of our success,” said Jim Weaver, COO of The Ōnin Group. “The ESOP is a testament to our belief that Ōninites should have a direct stake in the company’s success, fostering a culture of collaboration, innovation, and excellence. Every Ōninite plays a pivotal role in our growth, and it’s only fitting they share in the rewards of that growth.”

Oct 27, 2023, Workspace Design and Build, transitions to employee ownership via an EOT.  Russell Davis said: “Employee ownership was a way in ensuring we could keep our great team, continue to invest in the business and ensure the future of the company throughout the North West and Midlands”.  “Much of the success Workspace Design and Build has seen is through the brilliant people employed. This is one of the reasons why David and I decided on the employee ownership route. We knew it would add stability and ensure that Workspace Design and Build would continue to prosper with the business now in the hands of the staff.”  David Barfield said: “When Russell and I were looking at our options, we had different routes we could go down, but employee ownership felt like the best fit”.  “Our team have shown us huge amounts of support throughout the years – without them, we would not have been able to grow the business to what it is today”.

Oct 24, 2023, Griffiths Waite, transitions to employee ownership via an EOT.  Mark Waite [Founder] commented: “Prioritising the needs of our employees, whilst securing the long-term future of the business, has always been of the utmost importance to me.  “I am incredibly proud of what we have been able to achieve over the past 30 years, but it is time to start looking ahead to the next chapter, and I believe that this transaction sets us up nicely for that.”

Oct 24, 2023, MTW Architectural, transitions to employee ownership via an EOT. Founder Richard Moore said: “Selling the company to our outstanding employees through an EOT has felt like the most natural option for the business. “It is recognition of the fantastic contribution of the whole  team to MTW Architectural’s growth and success and will secure the stability of the company for years to come.

Oct 18, 2023, Madison Global, transitions to employee ownership via an ESOP.  “Over the last five decades, we have built a formidable organization thanks to our loyal, dedicated employees and customers. This dedication is being recognized by Madison Global and, more importantly, our clients,” says Alex Alaminos. “An ESOP is a great way to enhance benefits for our valued employees and translate this employee satisfaction into service levels which meet and exceed our sophisticated customers’ expectations.”

Oct 18, 2023, McAninch, transitions to employee ownership via an ESOP.  McAninch CEO Doug McAninch said in a news release that the move to an employee stock ownership plan is meant to preserve the company’s culture and brand, while providing new performance incentives for workers.  “Employee ownership allowed us to achieve those goals, while ensuring an ownership transition that rewards our employees and preserves McAninch as a company for generations to come. We are still a family business, but the family just got bigger,” he said in the prepared statement.

Oct 17, 2023, Zoonou, transitions to employee ownership an EOT.  The decision to transition to employee-ownership was driven by a desire to remain independent, to preserve the company’s values and a recognition that the company was built on the hard work and commitment of its employees.

Oct 16. 2023, Harrisonparrot, transitions to employee ownership via an EOT. Jasper Parrott said: ‘As we enter the next phase of our history, I look forward to continue guiding the creative vision of HarrisonParrott, in the full service of our artists and company as a whole. I am deeply appreciative of the talent, dedication and loyalty that now three generations of HarrisonParrott employees have brought to this company. It therefore feels only right that ownership of this great company should now be shared among all of our staff, so that we can all join together to build the next chapter of HarrisonParrott.

Oct 16, 2023, Soundmirror, transitions to employee ownership via a worker cooperative. The move to employee ownership was chosen to maintain the company’s history of recording and post-production services, as founder and president John Newton nears retirement. He remarked in a press release, “I am excited about the possibilities this evolution opens up for Soundmirror. Our company was built on the strength and reputation of our exceptionally talented staff, and I know that it will continue to thrive in the hands of the employees who have made it so successful.” Newton will remain at the company throughout a transition period.

Oct 16, 2023, Baessler Homes, transitions to employee ownership via an ESOP. “We look forward to continuing our commitment to living out relational and operational excellence while creating opportunities for our team members to grow their talents and reach their full potential,” said Jamie Baessler in a prepared statement. “Baessler Homes has been distinguished by a culture that puts people and relationships first, and this transition to an ESOP supports our goal to be an employer of choice.

Oct 11, 2023, Point-of-Care Partners, transitions to employee ownership via an ESOP.  CEO, Founder, and Managing Partner Tony Schueth remarked, “POCP has always been about its people, and establishing an ESOP is a way to honor employees for their stellar work and empower and reward them through shared equity for striving towards an even higher goal which is our shared devotion and passion toward transforming healthcare through advancing technology.”

Oct 10, 2023, CFD Research, transitions to 100% employee ownership via an ESOP.  Fifteen years ago, CFD Research’s late founder Dr. Ashok K. Singhal recognized the benefit of starting an ESOP program as a way to directly reward CFD Research employees for their hard work and dedication. Last week, the company announced the fulfillment of this vision under the leadership of its current President & CEO, Sameer Singhal.  “Through this ESOP journey, we have discovered first-hand that employee-ownership creates several differentiating characteristics in our team such as a greater dedication and pride in their work, as well as increased collaboration and a sense of teamwork,” Singhal stated.

Oct 5, 2023, O’Donal’s Nursery, transitions to employee ownership via a worker cooperative.  Jeffery O’Donal bought the nursery from his parents in 2006. Upon announcing his retirement, he said he wanted to keep the nursery ownership in the hands of the stake holders, the employees.  Rather than selling to an out-of-state buyer or shuttering the business, O’Donal decided to keep things close to home. He reached out to the Cooperative Development Institute (CDI) to explore how he could sell the business directly to its most invested stakeholders: the employees. Nearly half of the O’Donals staff had been with the business for ten or more years, and 22 employees signed on to form a cooperative to purchase the nursery together.

Oct 5, 2023, Sands Drywall, transitions to employee ownership via an ESOP.  “I started thinking about an ESOP probably six or seven years ago and started implementing and pulled the trigger on it a couple years ago and then started the grueling process of actually getting it done,” he said.  He could have made a different decision. Merger-and-acquisition firms approached him on a monthly basis, he said.  “And I don’t like them. I don’t like the fact that five or six years from now, if I watch what the firms do to other companies … my company will have been driven into the dirt. They’ve made the margin they expected to make, and they’re on the road,” he said. “It’s important to Pam and I that this company go on in perpetuity and continue to be a good corporate citizen.”

Oct 4, 2023, Urban Animal, transitions to employee ownership via a worker cooperative.  “This model will empower our team to drive the business forward while also making sure that we’re benefitting through fair salaries, learning opportunities, and governance over our work environment,” said Mollyrose Dumm, client liaison at Urban Animal. “With nationwide staffing shortages at all levels of veterinary care, a worker co-op model will hopefully attract new staff as people see that we’re a company that takes the employee experience seriously.”

Oct 4, 2023, Poolie, transitions to employee ownership via investment by Unity Partners.  Employee ownership is built into each of Unity Partners’ platform investments, and Poolie will be launching a Purpose Plan, a program that allows employees to share in the firm’s financial success and capital events.

Oct 4, 2023, Ōnin Group, transitions to employee ownership via an ESOP. The Birmingham, Alabama-based firm said the plan will allow workers to receive company stock, instilling a sense of belonging and contribution. “Every Ōninite plays a pivotal role in our growth, and it’s only fitting they share in the rewards of that growth,” COO Jim Weaver said in a press release.

Oct 4, 2023, Harrison Parrott, transitions to employee ownership via an EOT.  This process broadens responsibility across the entire leadership team and places the future of the company firmly in the hands of its employees.

Oct 3, 2023, Majestic Trees, transitions to employee ownership via an EOT. McCurdy commented: “The team’s future is both secured and most importantly is rewarded. Undoubtedly, the price that we have sold our 74% is less than we could have achieved (from a buyout), but it enables us to leave both a legacy, ensure Majestic Trees and its ethos and core values continues as it is.”  “Money isn’t everything, as I would be far happier to see Majestic Trees continue to prosper under the team who helped me build it.”

Oct 2, 2023, Tri City Glass & Door, transitions to employee ownership via an ESOP. In 2024, Tri City Glass & Door will also complete its transition to become a 100% employee-owned company. This transition demonstrates the company’s dedication to its employees and a shared vision for propelling the business into new markets.   “The Bender family wanted a way to continue the family legacy while sustaining the business and jobs of the employees who we treat like family. We are excited to fully transition ownership over to our employees,” Hartman said.

Sept 28, 2023, Thompson Solutions Group, transitions to employee ownership via an ESOP.  “The company will continue to operate, be locally owned — that was very important to us, to keep it locally owned, and to keep the continuity of the business moving forward, under local control,” John Baker said.  “We get calls all the time from equity firms, trying to call and buy us, and different, larger companies from out of town try to buy us, and that just didn’t — I dunno, we really wanted to keep the local flair to Suter,” Baker added. “Most of the time, when you sell out to an equity firm, the first thing they do is start getting rid of employees, and we just didn’t want that.”

Sept 28, 2023, Soundmirror, transitions to employee ownership via a worker cooperative.  The move to employee ownership was chosen to maintain the company’s history of recording and post-production services, as founder and president John Newton nears retirement. He remarked in a press release, “I am excited about the possibilities this evolution opens up for Soundmirror. Our company was built on the strength and reputation of our exceptionally talented staff, and I know that it will continue to thrive in the hands of the employees who have made it so successful.” Newton will remain at the company throughout a transition period.

Sept 28, 2023, Harrisonparrot, transitions to employee ownership via an EOT.  Jasper Parrott said: ‘As we enter the next phase of our history, I look forward to continue guiding the creative vision of HarrisonParrott, in the full service of our artists and company as a whole. I am deeply appreciative of the talent, dedication and loyalty that now three generations of HarrisonParrott employees have brought to this company. It therefore feels only right that ownership of this great company should now be shared among all of our staff, so that we can all join together to build the next chapter of HarrisonParrott.’

Sept 22, 2023, Allstaff, transitions to employee ownership via an EOT. Majority owner Grant said, “I’m immensely proud of what we have achieved and the long legacy I have been fortunate to be a part of.  We have always worked hard for our clients and candidates whilst maintaining many long-term business relationships; built around our ability to understand the pressures both are under and by providing a very personal service. The sale to an Employee Ownership Trust will allow Allstaff to continue our trajectory of growth with clear succession plans ensuring we maintain our great team spirit. Our clients and candidates alike will continue to receive the efficient service we deliver.”

Sept 21, 2023, Total Staffing Solutions, transitions to employee ownership via an EOT. Chris Jones, Total Staffing Solutions, added: “We have been delighted with the support provided by Colin and the team at SME Capital in assisting us with the transition to EOT ownership. This is a very important step for the business and SME Capital have been great in helping us structure the right funding package to support our Employee Ownership Trust transaction.”

Sept 15, 2023, Waterco, transitions to employee ownership via an EOT. Pedr Jones, Peter Jones’ son and Commercial Director of Waterco, said that a sale to an EOT enabled his father to get a financial reward from existing the business, adding that, “as an employee-owned company, we all have a vested interest in the success of the business to drive us forward.”  “That sense of ownership, the ability to shape the future of the business will help us continue to attract new talent, develop new markets and help us grow Waterco further. We have an opportunity to make Waterco an even bigger success together.”

Sept 11, 2023, Paddock Pool Equipment Company, transitions to employee ownership via an ESOP. “After more than 60 years of being owned by my family, selling the company to our employees is the right decision”, said Don Baker, Paddock’s CEO. “This move allows for the company to remain independent and continue to innovate, grow and prosper, as well as be a destination workplace for our employees.” Don will take on the role of Chairman of the board and day to day operation will continue to be managed by COO Michael McDuffie and the leadership team. Mr. McDuffie noted that the conversion to 100% employee-owned will not impact Paddock’s eligibility to work with our customers and suppliers.

Sept 8, 2023, A.W. Brown, transitions to employee ownership  via Teamshares.  “All employees now have the opportunity to be stake-holders, to share in the sustainability of the company and continue our tradition of being a well-recognized locally owned pet and garden business,” said Wheeler.  “We have always been blessed with many wonderful people. Our success would not have been accomplished without our dedicated staff. We are most grateful and appreciative of their commitment and helping make A. W. Brown’s a fun and rewarding place to work,” said Wheeler.

Sep 8, 2023, Feinmann, Inc, transitions to employee ownership via an ESOP.  It has been the aspiration of Peter Feinmann, President to establish a legacy that would benefit the company long-term, while rewarding the loyalty of its employees. “This change means that our entire crew is genuinely committed to creating homes that are loved by our clients,” notes Feinmann. “It has always been our belief that by putting our employees first, productivity, success, and happy clients will follow.”

Sept 6, 2023, Specialist Blind Co, transitions to employee ownership via an EOT.  The owners opted against maximising value through selling to a third-party buyer, as well as declining to introduce third-party debt (which could have been used to accelerate payments to the firm’s existing shareholders), saying they were “exceptionally keen” to keep the business in employee hands.

Sept 6, 2023, Company Registrations Online Ltd, transitions to employee ownership via an EOT.  Phil Vibrans said: “Having recently celebrated 30 years in business, we are very excited about the opportunities this brings for our team and for the business itself. Evidence from companies who have already transitioned to employee ownership indicates greatly improved motivation and excellence that comes from employees having a financial stake in the business, and we see a very bright future for everyone involved. As an employee-owned business, our team will now benefit directly from the success of the company, creating a new culture of engagement and collaboration. Most importantly for our clients, the future of the company is now secure, and all can be assured that the highest levels of customer service will continue for many years to come.”

Sept 4, 2023, Glen Drummond, transitions to employee ownership via an EOT.  When Chris Wilson took over as director from a founding partner in 2016, it was always his intention that he would hand the business.  “I had been aware of employee ownership for years, having assisted several clients transition their business,“ he explained. “I am confident our employees have the right mix of skills, and the positive group attitude needed to continue the success of the business.  “Together they can now guarantee their own job security, something that may have been a worry with an external sale.”

September 4, 2023, Alexander (Scotland) & Co, transitions to employee ownership via an EOT.  Mr MacLachlan said: “When we looked at the options with CDS, creating an EOT seemed to tick a lot of boxes. It offered longevity for the business but also gave control to, and rewarded, the people who were a key part of our success in the first place.

September 1, 2023, BDO, transitions to employee ownership via an ESOP.  “The younger generation wants a piece of what they are helping to build,” said Wayne Berson, BDO’s chief executive officer. The ESOP, he added, “is a game changer for our people, clients and communities. It is designed to improve lives for generations to come. Everyone who contributes to our success can benefit from it.”

September 1, 2023, Highland Fuels, transitions to employee ownership via an EOT.  Highland Fuels Managing Director Stephen Rhodes commented: “Employee ownership is perfect for us. It truly enables every single employee to benefit from the company’s advancement and provides the right platform for us to realise a positive culture, high engagement, and great performances as we progress to the future.”

August 23. 2023, Waterco, transitions to employee ownership via an EOT.  Peter Jones said: “Employee ownership was a way in ensuring we could keep our great team, continue to invest in the business and keep the future of the company here in North Wales.  We did look at a trade sale, but as many small businesses have found, we could see a real risk that the operation would move away from Ruthin, losing skills and jobs in the area.”

August 22, 2023, Grosvenor Credit Management & Investigations, transitions to employee ownership via an EOT.  The sale of shares to the EOT is a transformative step, empowering employees with beneficial ownership of the company, aligning their interests with the long-term success of the company and ensuring an exciting future for the business. By embracing this employee-centric approach, Lee hopes to build on Grosvenor’s culture of collaboration, innovation, shared responsibility and shared rewards.

August 19, 2023, American Pacific Mortgage, transitions to employee ownership via an ESOP (March 2021 sale).  “A sale transaction was not ideal for me because it was not very favorable for the path of the company,” Reisig said. “I didn’t want to gamble with employees who worked so hard to make the company what it was.”  “We have put a high importance on values and people who helped build the firm. We wanted to honor those people,” said Reisig.

August 18, 2023, JOMA Construction, transitions to employee ownership via an ESOP.  “Our success over the years has been a testament to the tireless work of our dedicated employees and the unwavering trust of our customers,” says John Newland. “We see this transition to an employee-owned company as the logical next step, a way to recognize the team’s integral contribution to our journey and secure JOMA’s long-term stability.”

August 18, 2023, Brad’s Service Center, transitions to employee ownership via TeamShares. “Brad’s has been serving Massachusetts with care, honesty, and dedication for more than 40 years. It’s our privilege to enable all of the employee-owners to directly benefit from their hard work, and look forward to Brad’s service center remaining deeply embedded in the community for decades to come.”

August 18, 2023, EA Collective, transitions to employee ownership via an ESOP.  “From 1999 we’ve always put a focus on our employees, and we believe this ESOP transition will maintain the integrity of our culture and ensure a bright future for our employees, while allowing the company to continue to grow and attract the best talent,” says co-founder Fergus Rooney.

August 14, 2023, California Drywall, transitions to employee ownership via an ESOP.  The decision to transition to an ESOP comes as part of California Drywall’s long-term strategic planning, aimed at fostering a strong sense of ownership, dedication, and commitment among its workforce. By providing employees with a stake in the company’s success, California Drywall aims to further enhance its already exceptional performance and expand its position in the market.

August 14, 2023, Churchill Group, transitions to employee ownership via an EOT. James Bradley, Group CEO, said “Our colleagues are what makes Churchill’s specialist businesses so successful which is why our founders wanted it to be them who should share in the future success. “When considering ways in which to take the company forward, we were impressed by the benefits becoming an employee-owned business would bring including furthering our sustainable purpose with better impacts for people and the environment.”

August 14, 2023 BDO, transitions to employee ownership via an ESOP.  “We’re dealing with a much more severe situation today than five years ago in this industry, which has not attracted enough people into the firms,” said BDO USA Chief Executive Wayne Berson. “The younger generation wants a piece of what they are helping build.”

August 10, 2023, Instinct Resourcing, transitions to employee ownership via an EOT.  “When Matt and I were looking at our options, we had dozens of approaches but none felt right except the employee ownership route.  “Our team have shown us a huge amount of loyalty over the years – without them, we would not have been able to grow the business to such an extent. The last thing we wanted to do was to sell the business and put their futures in jeopardy.

August 8, 2023, Rivertrace, transitions to employee ownership via an EOT.  “The EOT initiative represents a long-term commitment for all employees and a chance to drive the businesses forward with increased employee engagement. Rivertrace is dedicated to fostering a collaborative and inclusive environment, where every employee has the opportunity to develop their own skills, and to contribute to the growth and prosperity of the business,” said Mike Coomber, Chairman of the Board at Rivertrace.

August 7, 2023, Simon & Schuster, to transition to employee ownership via KKR.  “KKR’s support and strategic guidance can make us even greater as a publishing company,” Karp said. “The idea of employee ownership is very powerful, and I don’t think it’s ever been tested on this scale — for a publishing company — the way that it’s going to be at Simon & Schuster. I think that giving employees the opportunity to participate in ownership is going to be galvanizing for the company. I think it’s going to make us a magnet for some of the best publishing talent and ultimately, some of the best writers.”

August 3, 2o23, SCALA, transitions to employee ownership via an EOT.  Perry said: “The business has been in private ownership since 2001 and seen significant success since its inception.  “I was keen to ensure its continued sustainable growth and success by giving our wider team greater ownership and responsibility.  “SCALA colleagues are rich in expertise, and therefore deserve to have a direct say in the future of the business and directly benefit from its success through the EOT.

August 2, 2023, Martin Precision, transitions to employee ownership via an EOT.  Founder William Martin said: “The business is performing well; it has survived and prospered despite Covid which brought the aerospace industry to its knees. This success is in no small part due to the commitment and skill of our employees, and it is fitting that they have a secure future. I will retain a small minority shareholding in the business and continue as managing director focusing on our growth strategy. Employee ownership will also benefit our customers who continue to believe in our ability to provide world-class product and I thank them for their support through the years.”

July 31, 2023, CW Suter Services, transitions to employee ownership via an ESOP.  “We get calls all the time from equity firms, trying to call and buy us, and different, larger companies from out of town try to buy us, and that just didn’t — I dunno, we really wanted to keep the local flair to Suter,” Baker added. “Most of the time, when you sell out to an equity firm, the first thing they do is start getting rid of employees, and we just didn’t want that.”

July 27, 2023, RJ Power Group, transitions to employee ownership via an EOT.  “We are excited about this new chapter in the development of RJ Power,” said group chief executive Peter White.  “The management are committed to the long-term success of the group and are confident that this transaction will make a positive impact on our business, our employees and our clients”

July 26, 2023, Imagitech, transitions to employee ownership via an EOT. “When looking at a trade sale we could see that some companies were thinking of breaking the company up, however, or simply taking our contracts and stripping us out, and we didn’t want that as we have built this pool of talent within Imagitech and wanted it to remain in Swansea, and in Wales.”  Mike said: “The thought of the company being split up really didn’t sit well with us, so after initially dismissing an EOT as we thought we were too small, we looked at it again. Thanks to the help and support of the team at Cwmpas, we decided it was the right option for us and our colleagues, who will now have the opportunity to benefit from the hard work they put into Imagitech, their own business.”

July 24, 2023, Goodmans Financial Planning, transitions to employee ownership via an EOT.  Moore said: “Finbarr and I intend to remain very much involved and see this as an exciting development in Goodmans history and our legacy. We’ve built a special business here, and we really value the close, long-term relationships we have with our clients.  “We didn’t want to lose that or risk watering it down by selling to a third party. That would have been the ‘easy’ thing to do but not the right one for us. We want those who help build the business to benefit from it too, so an EOT was by far the best option.”

July 22, 2023, B&P Excavating, transitions to employee ownership via an ESOP.  Mike retired after 32
years at the helm of both businesses and wanted his faithful employees to be well-taken care of. Travis noted the advantage of an ESOP is the employees aren’t only employees anymore; they have a stake in the company. “If they work hard, it shows up in their retirement savings,” he explained.

July 18, 2023, Vantastec, transitions to employee ownership via an EOT.  Director Gareth Edwards said: “Our team has been central to our success so we were keen to ensure that they have the opportunity to share in our future growth.  “The employee ownership trust model is a great way to retain staff, develop skills and ensure accountability for quality as we grow. It was the Development Bank that helped us in the early days of setting up the business and it is now thanks to their support that we’re able to look to the future knowing that we’re all a part of the Vantastec family.”

July 17, 2023, Millers Catering Equipment, transitions to employee ownership via an EOT.  Mr Broadbent said that given its upwards growth trajectory and the changing profile of the team, his partners felt it was more appropriate to look at how they might be able to pass the wealth creation opportunity on to colleagues rather than to sell to a trade buyer or realise their equity value through another route.  “I think the more that business owners look at EOTs, the more you will see it happen. It’s a win-win. It’s a capital gains tax-free sale for the shareholders, so you immediately win there. It also allows the existing shareholders – if they are management – to maintain control in terms of the day-to-day management of the business. And thirdly, you create a really positive, engaged atmosphere with the staff who become members of the trust, and there are obviously financial benefits in that.  “But I think more importantly, there’s ownership, there’s full engagement with the future, there are reasons to stay, there are reasons to look at what makes the business more sustainable and better. The more profit the business generates, ultimately the distributable income is to those members.”

July 17, 2023, Kemp Bros. Construction, transitions to employee ownership via an ESOP.  According to Greg Solaas, Kemp’s CEO, “Each employee of Kemp is a valued and trusted team member. I wanted all our employees to be part of something special and to feel as though they own and operate their own business. Having a stake in the company’s continued growth and improvement will foster tremendous pride in the organization. I also wanted our hard-working and loyal team members to benefit beyond their wages alone, as they help grow Kemp’s future. Together we strive to be safe, efficient, innovative, competitive, and responsive to our clients’ needs. I decided to implement the ESOP plan because it was the best path forward for the employees and managers of the Company. It allowed a transfer of ownership that protected the Kemp legacy, while also preserving continuity of leadership and our unique family feel. As a result of the ESOP transaction, the American dream of individual business ownership is alive and well here at Kemp.”

July 17, 2023, Premier Design + Build Group, transitions to employee ownership via an ESOP.  “People are the lifeblood of this organization,” said Michael Pacini, president of Premier. “Since the earliest days, we have been committed to attracting and promoting talented individuals who share our vision of elevating the client and employee experience.  “By transitioning to an employee-owned company, we are celebrating these extraordinary contributions and empowering our team to continue to build on this success for decades to come.”

July 12, 2023, Bluebird Care, transitions to employee ownership via an EOT.  ‘We founded our Bluebird Care services to serve communities across Sussex, and we hope that transferring the company to our talented management and care teams will maximise our positive impact on local people who provide and receive care,’ said Kate [Founder/Director], who will continue as managing director.

July 12, 2023, Barker Langham, transitions to employee ownership via an EOT.  Barker Langham co-founder Darren Barker commented: ”Barker Langham was founded on a spirit of friendship, collaboration and innovation and our commitment to an ethical and democratic business style. As we grow, it is important to ensure these values are captured and retained for the future. By transitioning to an EOT, we are writing the next chapter of BL hand in hand with our team, who will share in the success they have been integral to building. This new structure brings the very ownership of the organisation into alignment with what we believe.”

July 11, 2023, Ainsley Gommon Architects transitions to employee ownership via an EOT.  Mark French said: “EO ensures a sustainable future for the company that enhances opportunities for all employees to develop their careers and for senior staff to progress to be future leaders of the practice without having to personally fund the purchase of shares.”

July 7, 2023, DKT Artworks, will transition to employee ownership via an EOT on July 14, 2023.  Part of the decision behind the strategic move is to reward the employees that have helped to build DKT Artworks. At the moment the average employee longevity is 14 years, with some artists having been part of DKT Artworks for more than 30 years. “The reason for doing it is partly because we have to acknowledge that we are not going to be there forever, we have to look to the future and make sure that we have something in place. We are also very happy to acknowledge that it is not just Steve and I that have made DKT what it is. We want to make sure the company can carry on.”

July 7, 2023, Scott Parnell Ltd, transitions to employee ownership via an EOT.  The decision to restructure the company was made to ensure the company’s independence and to recognise the hard work and commitment of its employees.

July 4, 2023, Roger Casey Associates, transitions to employee ownership via an EOT.  Ann explained: “The success of the company is down to the hard work of past and present employees and the loyalty we have received from our clients, many of whom have been with us from the beginning.  “Retaining the practice will safeguard the future of the business which is rooted in its locality, sustain employment opportunities for current and future employees and continue to support economic development in south west Wales.

July 3, 2023, Tough Construction, transitions to employee ownership via an EOT.  Mr Leishman said: “Our success is largely due to the loyal team we have at Tough Construction.  “We are fortunate that we have a low turnover relative to the sector, and that’s largely because we like to think we look after our people well, offering opportunities for training and development.  “A sale to a third party may have disrupted that.  “This move to employee ownership allows the company to continue to offer excellent service to our clients, and secure employment for our people.”

July 3, 2023, Clark-Devon Hardware, transitions to employee ownership via an ESOP.  Former co-owners Ed and Ken Walchak thought about their workers when contemplating what must come next. “We’re both of that age …” Ed Walchak said. The brothers said they had gotten offers for the store over the years but nothing “felt right.” Then they settled on an option that did. It’s supposed to keep the store dispensing every conceivable screw and faucet part with advice on the side for years to come.  It’s an employee stock ownership plan, or ESOP. The Walchak brothers have sold the store to the employees, taking part of their payout in cash and the rest in loan repayments. If business grows, as it has steadily for years, the workers benefit.

June 30, 2023, Suburban, transitions to employee ownership via an ESOP.  Mark DeBellis expressed, “The ESOP offered a succession strategy that harmonized with my objectives, while granting financial adaptability for the Company. Considering the ESOP also establishes a substantial avenue for our employees to engage in the business’s sustained and forthcoming accomplishments, all the while presenting fresh prospects for the incoming proprietors — the decision simply resonated with our family values.”

June 30, 2023, Leisure Park Internet Service, transitions to employee ownership via an EOT.  Paul Atkins says: “I’m proud of the progress that the business has achieved to date and look forward to leading its expansion in the years to come. However as we celebrate our tenth anniversary, I also felt I needed to consider its long-term future. Employee ownership seemed to be the most appropriate option while at the same time recognising the commitment of our team.”

June 30, 2023, Ainsley Gommon Architects, transitions to employee ownership via an EOT.  Fellow EOT board member Lloyd praised the company’s decision.  ‘’The EOT will ensure the business will be run in the best interests of the employees and gives staff a clearer understanding of the long-term future of practice,” Lloyd said. “It will allow for greater employee engagement and reinforce the values-led office culture’’.

June 30, 2023, Pumphouse Brewery, transitions to employee ownership via  via Teamshares.  Legendy said that for small businesses in particular, employee ownership grants staff access to benefits often reserved for people already doing well financially. Over the next 20 years, Pumphouse employees are expected to own 80% of the company. “It’s like a motivation for everybody,” said prep manager Richard Vega, who has a Pumphouse employee for around 15 years. “That’s why this restaurant is so successful, because everybody’s like a team. Front of the house, back of the house, we’re on the same team.”

June 27, 2023, Glasfloss, transitions to employee ownership via an ESOP.  “Our new corporate structure reduces uncertainty about the future by strengthening our workforce and our commitment to the air filtration industry. Our current Management Staff will remain in place and continue to operate the company and our new ESOP platform will provide our employees with a greater role in the growth and success for the future,” said Scott Lange, President.

June 27, 2023, Don & Millie’s, transitions to employee ownership via Teamshares.

June 27, 2023, Warwick Ward, transitions to employee ownership via an EOT.  Ashley Ward, joint managing director at Warwick Ward, said: “This is an incredibly exciting new chapter for Warwick Ward as we approach our 54th year of trading. Over the past six years my brother and I have been working on a succession plan for the future of the business and, after a lot of research and consideration, we feel that the EOT model is a perfect fit for the business, our brand partners and for ourselves. It provides motivation for the staff, stability and continuity and ensures the legacy of Warwick Ward continues in the way we want it to.  Simon Causier, commercial director at Warwick Ward, said:”The transition to being an EOT is a fantastic and exciting opportunity for all the staff and senior management team to now play a pivotal role in the future success and continued growth of Warwick Ward. We are all thrilled at the opportunities that lie ahead.”

June 26, 2023, Arctic Cabins, transitions to employee ownership via an EOT.  Protecting the hard-won business legacy built up by a dedicated workforce over the decades, was a primary consideration for Gareth when planning for his exit from the business. Keen to secure the future of the business, protect staff jobs and retain highly skilled employees, a transition to an Employee Ownership Trust was the right solution for Arctic Cabins.

June 26, 2023, Somerlap, transitions to employee ownership via an EOT.  Somerlap’s managing director Kevin Bond said: “Like any business, our employees are our most valuable asset. Many of them have been loyal to us for a number of years, offering consistency and a familiar face to customers.

June 25, 2023, Thielen Meats, transitions to employee ownership via Teamshares.  “We wanted to ensure that the Thielen Meats tradition lives on beyond us, and we believe that employee ownership is the best to ensure that it continues,” said Joe Thielen.

June 22, 2023, Marv’s True Value, transitions to employee ownership via an ESOP.  “My brother (Brad) and I sold it to the ESOP. It means a great deal to us because it will continue on the legacy our parents started 57 years ago,” current business owner Jon George said. “It’ll continue community involvement being employee owned versus selling to an outside firm, which was very important to us.”

June 20, 2023, Dynam, transitions to employee ownership via an EOT.  Speaking about the move, co-managing director of the agency with offices in Inverness and Glasgow, Neilson, said: “Karen and I have been considering the future of Dynam for a while. This is a great business doing fantastic work for a wide range of clients, both national and international.  “There’s every sign that we’re only going to build on that success, and that is largely down to the brilliant team we have, many of whom have been with us long-term. We chose the Employee Ownership route because we believe it embodies the culture of the agency and will strengthen team continuity, making everyone feel increasingly committed to and engaged with the success of the business going forward.”  Green added: “We did consider a sale to a third party but rejected that very quickly as it would undoubtedly have disrupted the way we work and may have jeopardised our culture and, importantly, the employment of our people.”

June 20, 2023, Davies+McKerr, transitions to employee ownership via an EOT.  McKerr said: “The employee-ownership trust model allows the company to carry on doing what it’s done brilliantly, while motivating and inspiring the whole team to put even more of their own stamp on a culture that helps them deliver the best work of their careers, and have the best time doing it too. “Now as co-owners, the agency will benefit from a powerful injection of youthful and ambitious ideas and drive. Everyone has a tangible stake in the success of doing brilliant energising work for our clients.”

June 16, 2023, Clark-Devon, transitions to employee ownership via an ESOP. “We wanted the business that our father and grandfather built and nurtured to continue while maintaining the reputation, the culture and the commitment to the community and our customers that they taught us,” said Ed Walchak in making the ownership announcement. “We found the structure of an ESOP was the best way to reward the people who helped us build the business, thus helping create personal wealth while ensuring the long term success of the company.”

June 15, 2023, DornerWorks, transitions to employee ownership via an ESOP.  “I didn’t want to just sell the company as an asset on the open market,” Dorner said. “It comes down to the fact that the company, I feel, is really my baby, so to speak. I didn’t view it just as an asset. I view it as part of my family. It’s great way for me to feel healthy and excited about exiting by selling it to the employees because the culture stays the same and I get to be part of its life as it continues on.” 

June 13, 2023, Benjamin Obdyke, transitions to employee ownership via an ESOP.  “The transition to an ESOP represents an exciting new chapter in our company’s history,” Campbell said. “We firmly believe that by empowering our employees through ownership, we will unlock their full potential and drive even greater opportunity for our customers. This move underscores our long-held appreciation for the value and importance of our talented workforce and the principles of shared prosperity.”

June 6, 2023, Clean Digital, transitions to employee ownership via an EOT.  Managing Director Rory Young said: “It’s been an exciting journey for us! After over a decade of success in the market, we’re thrilled to announce that Clean Digital is now fully employee owned.  “We pride ourselves on being an innovative, dynamic agency. Giving our staff transparency and reassurance moving forward, as well as placing them at the heart of the business was of utmost importance.”

June 6, 2023, Sandberg Translation Partners, transitions to employee ownership via an EOT.  Sandberg’s Executive Chairman, Jesper Sandberg shared that “While we’ve had plenty of PE interest over the years and had a pretty decent offer at one stage, we’ve been drawn to this [EOT] solution because of how much control it gives us while gradually reducing our working hours over several years and eventually retiring. Of course, the tax incentive offered by the UK government also helps.”  Discussing the company’s new future as an EOT, Sandberg said he expects upsides in the areas of employee recruitment, retention, motivation, performance, job satisfaction, as well as being able to recognize employees’ commitment in “both financial and non-financial ways.”

June 5, 2023, Grapevine, transitions to employee ownership via an EOT.   Brian Vockins said it was important the legacy of Grapevine was protected.  He added: “The three major shareholders decided some three years ago that it was time to plan for retirement.  “We had, over 30 years, built a strong and resilient business and wanted to pass on this to our loyal staff and management teams.

June 5. 2023, Gate Energy, transitions to employee ownership via an ESOP.  Lee Jordan, CEO of GATE Energy, said, “For over 15 years, Grant Gibson, Founder of GATE Energy, strived for employee ownership that would allow GATE employees to realize the outcomes of hard work and to build value in GATE’s future. The ESOP achieves that goal. Our transition to becoming a 100% employee-owned ESOP is a key milestone in the shared history of GATE Energy. The ESOP directly aligns our organizational structure with the values and culture of the business and provides a means for our employees to directly benefit from the success of the business as a reward for their unremitting focus on quality, safety and client satisfaction. Employees now have a direct stake in GATE Energy’s future, greater job security, and better outcomes in terms of employee benefits and retirement. It is an extremely proud day for all of us that are fortunate to serve them.”

June 5, 2023, Hummingbird Wholesale, transitions to employee ownership via an Employee-Owned Purpose Trust (EOPT).  When Julie and I took the Small Business Class from Lane Community College’s Small Business Development program over 17 years ago, one of the takeaways was that every business owner needs an exit strategy. We considered selling to individuals we know, having one of our daughters take over, and even just selling to an investor — but were not able to find a good fit with these options. So I did a deep dive into employee-owned business strategies and discovered that the EOPT model would [be] an opportunity to uphold the current mission and values of the company we had worked so hard to build, while also putting the most important asset of the business—our coworkers—in the driver’s seat as owners.

June 1, 2023, Sports Imports, transitions to employee ownership via an ESOP.  “Our top priority is that Sports Imports is a great place to work. Each of our team members plays an important role in ensuring a healthy and thriving culture at Sports Imports by providing the best Customer Experience and Product Excellence in the Industry. We have long-term employees who are passionate and dedicated to our vision and mission. They have the heart of owners, and now they are! In many ways, Sports Imports remains a family business, and it’s the Sports Imports Family Business.” -Cyndie Dunlap, CEO and former owner of Sports Imports.

June 1, 2023, Cornerstone Veterinary Clinic, transitions to employee ownership via an EOT.  Peter Herold [Founder] explained: “After starting Cornerstone 11 years ago, we have developed a longstanding, loyal and dedicated team who are all very popular with our established client base across Belfast and beyond. I genuinely love Cornerstone, and so do our team and clients, and although I’m not ready to retire yet, the end of my professional life will come in the next decade, so I wanted to start planning for it.

June 1, 2023, Team Elmer, transitions to employee ownership via a merger with Rieth-Riley an Indiana ESOP Company.  “After careful consideration, our family decided to make a transition for the future. A transition that would convey our commitment to our employees and ensure the continuation of the same high level of services to our valued customers,” said president of Team Elmer’s, Troy Broad.

May 31, 2023, Skout, transitions to employee ownership via an EOT.  Lamb said: “Much of the success Skout has enjoyed is down to the commitment of our brilliant team and we want to recognise and reward that. They live and breathe Skout’s values and as we transition to employee ownership, we’re not only giving them true ownership, but also securing our future and continuing to work towards being one of the best agencies to work for in the UK.”

May 28, 2023, Ikonic Technology, transitions to employee ownership via an EOT. Managing director Chris Perry said: “Handing over Ikonic to our employees through the creation of the EOT marks a proud moment for us. This strategic move ensures the long-term stability of our business and supports our ambitious growth plans. “We highly value the contributions of our team over the years and recognise the pivotal role everyone will play in driving our business forward.”

May 26, 2023, SAFE Boats, transitions to employee ownership via an ESOP.  “It has always been our dream and our vision to make SAFE Boats International about our team and the community we live in,” said company co-founder Scott Peterson. “Transitioning to a 100% employee-owned company creates the foundation to become a true Northwest legacy. This allows an incredibly talented and dedicated SAFE Boats team to continue supporting the men and women in uniform around the world for generations to come.”

May 24, 2023, Herregan Distributors, transitions to employee ownership via an ESOP.  “We are thrilled to announce Herregan Distributors’ transition to an ESOP company,” said Bob Link, co-CEO of Herregan Distributors. “Our employees are the driving force behind our success, and this transition allows us to recognize and reward their dedication, commitment, and hard work. By giving our team members a stake in our company’s future, we are confident that our shared success will continue to propel us forward,” said Tom Splinter, co-CEO of Herregan Distributors.

May 24, 2023, Cardinal Global Logistics, transitions to employee ownership via an EOT.  Brian Hay, chief executive officer of Cardinal Global Logistics, said: “Our decision to become an employee-owned business will be transformational. We believe that excellence and dedication should be rewarded, and we have some of the most talented operators in our industry.

May 22, 2023, High Speed Training, transitions to employee ownership via an EOT. Carole Urey, chief executive of High Speed Training, said: “As High Speed Training has grown over the last 15 years, we have always focused on two key values – providing first-class training for our learners and guaranteeing security and opportunity for our colleagues. By becoming an Employee Owned Trust, we are ensuring that we can stand by both of these commitments effectively and sustainably.

May 17, 2023, Land Rover Experience, transitions to employee ownership via an EOT.  Director Will Cox said: “We were conscious some of our shareholders were due to retire, so began looking at options to sell the business commercially as well as internally. Through Scottish Enterprise we learned about employee ownership and, following discussion with our employees, decided to sell 83% of the business to the team, with one remaining director retaining the other 17%.  “Employee ownership ended up being a great fit for us, as we really wanted to ensure the business stayed in the local area and retained its existing management team. We believe it will ultimately make the team stronger and even more invested in ensuring the company’s continuing success while maintaining the excellent level of customer service we’ve always provided.”

May 17, 2023, CodeWeavers, transitions to employee ownership via an EOT. “I started looking at employee ownership models three years ago.” said CodeWeavers founder and CEO Jeremy White. “ESOPs and coops rely on specific U.S. laws, and our workforce is spread around the world. With an employee ownership trust, I was able to get exactly the result I wanted, with a much lower ongoing cost structure.”

May 16, 2023, New Energy Works and Pioneer Millworks, both transition to employee ownership via an ESOP.  “I’ve long said what makes the ESOP a good fit for us is that our folks have always had an ownership mentality,” said company founder Jonathan Orpin. “I’m excited to make this transition in a democratized workplace with my coworkers, which has long been a goal of mine, but especially now as employees are increasingly seeking greater equity in the workforce.”

May 10, 2023, Place North West, transitions to employee ownership via an EOT.  Dino Moutsopoulos, managing partner and head of commercial, added: “Employee ownership for Place North West seemed the best fit. When planning the future of the business you always should be thinking about how that business will improve and, in my opinion, it’s always through the people. Over the past few years, we have assembled the best team we have ever had, individuals with the skills and drive to take the business to the next level.

May 10, 2023, Dot Surveying, transitions to employee ownership via an EOT. Mr Gallivan said: “The business has performed so extremely well over the years, surpassing my expectations on what could be achieved in a relatively short time.  This success can be attributed to the fantastic employees we have in place, and it felt right that they should own the future of the company.  “I also have to thank our loyal clients who have supported us over the years. I believe that employee ownership will reinforce our partnership approach to doing business and allow us to continue to provide the expert service our customers are used to.”

May 10, 2023, Principle, transitions to employee ownership via an EOT.  Commenting on the announcement, Douglas Cooke, Executive Chairman, said: “This is a fantastic transaction, which preserves the legacy of the company I founded over 30 years ago and places the future development of Principle in the hands of our 2,300 staff who are our most important asset, many of whom have long service with Principle including some with over 25 years. To have been able to include our people in the ownership of the business gives me immense pride and will, I am certain, ensure its stability and prosperity for many years to come.”

May 10, 2023, Zehnder Communications, transitions to employee ownership via an ESOP.  “Much of Zehnder’s success is a result of the longevity of our tenured staff which averages almost nine years,” Jeff Zehnder said in a statement. “The move to ESOP showcases our appreciation and continued commitment to our longstanding employees and client relationships.”

May 5, 2023, HIT Training, transitions to employee ownership via an EOT.  Jill Whittaker, chief executive of HIT Training, said: “This is a decision which allows us to empower all our employers. By selling a significant shareholding to our staff, it means they will be even more incentivised to deliver amazing work which, in turn, benefits our clients and partners.”

May 4, 2023, Celvac, transitions to employee ownership via an EOT.  Over the past five years a senior management team has developed organically from within Celvac. Various exit alternatives were considered as part of the founders’ succession solution, including a trade sale, but this would ultimately have led to the company being broken up and Welsh jobs lost. So, employee ownership seemed the ideal solution, retaining the business in its current format and securing a long-term future of Celvac.

May 4, 2023, Thinkprint, transitions to employee ownership via an EOT.  “…As an organisation that is employee-owned, our staff now possesses a direct interest in our success, and we are confident this will motivate them to work diligently and intelligently to ensure optimal client support.  “We firmly believe that this ownership model represents a natural progression for our business and will result in a more engaged and driven workforce, leading to superior client outcomes.”

May 4, 2023, Georgia Spa Company, transitions to employee ownership via an ESOP.  “There were a lot of options I had in selling the company, but I had to choose something that was the right fit for myself and the culture of the company,” said Stevens, who founded Georgia Spa Company in 2004 and will remain involved as chairman of its new Board of Directors. “I started this company 19 years ago from scratch, and I don’t want to leave something that doesn’t have a legacy and extension of what we’ve grown.”

May 3, 2023, Carreg Construction, transitions to employee ownership via an EOT. He said: “We looked to put the business on the open market for sale, but it just didn’t feel right, so after discussing our plans further with colleagues in the industry – who explained that EOT wasn’t an overnight sale and that it could be done gradually – it became the perfect progression for us.  “We can keep the continuity and skills in the business, and I can eventually pass the business over fully to the EOT directors, once they have settled in. It really is the perfect succession solution for us.”

May 3, 2023, Maggie’s Organics, transitions to employee ownership via an ESOP.  “I think employee empowerment and ownership is sort of in our DNA at Maggie’s,” she said. “I knew that I wasn’t going to work forever and I really wanted to find a way for my employees to be able to reap the benefits that I had.”  Teamshares took over the business in February and immediately granted a collective 10% of the business’ stock to all of its 15 current employees. The company plans to increase employee ownership up to 80% over the next 15 to 20 years and also offer dividend checks over time as well.

May 3, 2023, Smith Myers, transitions to employee ownership via an EOT.  According to co-founder Peter Myers: “It was a logical result of our continued investment in the wealth of talent in the business and was driven by our ambition to remain independent global leaders in an exciting and dynamic technology sector.”  Tony Smith, co-founding director, added: “This exciting new structure places the business in an ideal position to further develop as a world-leading organisation, creating unmatched technology solutions.”

May 2, 2023, Agilia, transitions to employee ownership via an EOT.  Mike Pugsley Joint Managing Director and Co-Founder of Agilia, said: “Amar and I are both proud of what we have achieved to date, and our change in ownership structure has been prompted by a desire to ensure that we embed a long-term sustainable structure for the business.  “We wanted our organisation to more closely reflect what we aim to do on the projects we are engaged to deliver. This includes creating project and organisational structures for our clients which promote collective commercial and value alignment to serve a wider purpose. Moving to an EOT will support the further development of our people as we continue to nurture future leaders of the infrastructure sector.’

April 30, 2023, Eastern Tire, transitions to employee ownership via an ESOP.  “In the past year, I came to the realization I’m not going to live forever and not going to work forever,” Eastern Tire President Alvin Chase Jr. said Friday April 28. “I didn’t have an exit strategy.”  He said there had been interest from outside chains to purchase locally independent repair places including Eastern Tire. He said none of those, however, would meet the needs of the employees or the community. Those chains would not have paid the employees the same pay or benefits and would not have been as involved in supporting community organizations as Eastern Tire has, he said.

April 28, 2023, Pitch Marketing Group, transitions to employee ownership via an EOT.  Pitch said it has transitioned ownership of the business to an Employee Ownership Trust (EOT), a move that is designed to enable its staff to have greater involvement in the future success of the business, while ensuring the long-term growth of the agency.

April 27, 2023, Beau Jo’s transitions to employee ownership via an ESOP.  The restaurant recently celebrated its 50th anniversary, and as the owner plans to retire, he has decided to sell his company to the employees.  “They don’t have to take money out of their paycheck to be part of the program,” said Bair. “If they’ve been here for a certain amount of time, then they are already automatically part of that program.”

April 27, 2023, Drummond Central, transitions to employee ownership via an EOT.  “When we explored what an employee ownership meant for us as founders, and for the people who have been a part of our growth and our success, it just clicked. We couldn’t think of any better people to be responsible for the future of the business than the people who’ve helped us get to this point. We’re grateful to the whole Womble Bond Dickinson team for their expertise and thorough guidance throughout this process.”

April 25, 2023, Celvac, transitions to employee ownership via an EOT. Various exit alternatives were considered as part of the founders’ succession solution, including a trade sale, but this would ultimately have led to the company being broken up and Welsh jobs lost.  So, employee ownership seemed the ideal solution, retaining the business in its current format and securing a long-term future of Celvac.

April 25, 2023, Absolute PR and Marketing, transitions to employee ownership via an EOT.  Rachael Whitson, Managing Director at Absolute PR and Marketing, said: “As a purpose-driven communications agency, Absolute PR and Marketing’s culture has always been value-led and centred around teamwork and collaboration. That’s why transitioning to an EOT was the most natural progression for the agency; it will ensure the company remains firmly in the hands of a team that continues to drive the business forward every day and who share a passion for its vision and values.

April 22, 2023, RR Engineering, transitions to employee ownership via an EOT.  In a joint statement as managing directors, Hendry and Beck said: “It’s such a proud moment to be able to hand over RR Engineering.  “Selling the company we founded to our employees ensures the stability of the business for the long-term and supports our desire for further continued growth.  “This move recognises the value that our fantastic team has delivered over the years and it is a very exciting opportunity for each individual to take a pivotal role as the businesses progress.”

April 20, 2023, Bartlett, transitions to employee ownership via an EOT.  He [David Bartlett] added: “After exploring a number of options it became apparent that employee ownership had many benefits. The company has moved towards an inclusive structure which will give employees a real sense of ownership and provide more opportunities to reward everyone for the part they play in our future success.”

April 19, 2023, McElroy Metal, transitions to employee ownership via an ESOP. Company president Ian McElroy recently stated, “The one constant trait during our 60-year history is the influence and support of employees. Throughout the country, McElroy Metal is blessed to have loyal employees, including many that have dedicated decades of service to the company. As a show of appreciation to those employees, I am proud to announce McElroy Metal has transitioned into an ESOP company. McElroy Metal employees are now employee owners of McElroy Metal.”

April 19, 2023, KWL Architects, transitions to employee ownership via an EOT.  Philip Lewis said that the EOT option was “perfect” to safeguard the future of KWL Architects.  “We have a great team that’s well-known and very well respected in our field,” he said. “When Neil and I discussed the future of the company, and our eventual retirement, we couldn’t see anyone else taking it over and doing what we thought was best for the business than the staff themselves.  “Succession planning is such a difficult thing to consider after you have worked for more than 20 years building up a business. But many of our employees have been here since day one and have worked as hard as we have to make this practice the success it is, so it seemed like the perfect solution for all of us.”

April 18, 2023, Stephenson Equipment, transitions to employee ownership via ESOP.  “Adding an ESOP benefit plan for our employees will have a profoundly positive effect. Our employees support our customers and they are the most important part of Stephenson Equipment. The new ESOP plan will allow our employees to participate and contribute meaningfully to the next chapter of growth in our history. In turn, they will enjoy the rewards of that growth with a very impactful new retirement benefit.” Charlie Walsh, President.

April 18, 2023, 4Homes, transitions to employee ownership via an EOT.  Mike Parrish, managing director of 4homes said: “Employee ownership is an exciting and innovative way of doing business, and we are thrilled to be joining the growing number of employee-owned companies in the UK. We believe that this transition will enhance our company’s commitment to delivering exceptional service to our clients and will help us build a more sustainable future.

April 14, 2023, Charlan Brock Architects, transitions to employee ownership.

April 11, 2023, Wallick Communities, transitions to employee ownership via an EOT. “Moving to employee-ownership preserves Jack’s values and vision for the company, while enabling our associates to benefit from our success,” Wallick CEO Amy Albery said in the release. “We know that our associates already think and act like owners, putting residents first through genuine care, genuine character and genuine collaboration.”

April 9, 2023, Beau Jo’s, transitions to employee ownership via an ESOP. “You know when I got into this business, we knew we had something good,” said Bair, who has shepherded the Beau Jo’s empire with his wife, Donna. “We could have done a whole lot more over the years, I guess, but I’m not that organized. I think we’ve done pretty good. And the employees really should get credit for that. That’s the biggest driver here. Now we will start teaching the employees what it means to be an owner … and hopefully that creates an atmosphere in the restaurant for pride, inclusion and people working togethe

April 6, 2023, TVD Group, transitions to employee ownership via an Employee Benefit Trust.  Lucia Maguire, managing director, added: “This is a really exciting time for TVD. We have a superb team, who as co-owners, will be able to help drive the business forward for the next 25 years and beyond. We want to be able to provide organic, sustainable growth for the group and having a structure that gives the business longevity, as well as being proven to facilitate engaged and motivated employees, puts us in a great position.  “We also have the added luxury that the day-to-day of what we do remains unchanged and with the continued support and drive of the Brown family, this collaboration of co-owners is set for success.”

April 5, 2023, LGC, transitions to employee ownership via an ESOP.  “We continue to hear stories from business owners who are struggling with culture and a desire to empower their employees to feel like owners,” says George Lessmeister, LGC CEO. “As my co-founder Glen and I continued to talk about this challenge, we decided to motivate our employees by giving them a percentage of ownership. It has strengthened the team across the country as we all work toward the same goals to serve the client and create long-term company and personal financial stability.”

April 4, 2023, Centrexit, transitions to employee ownership via an ESOP. “centrexIT has always been committed to investing in our employees, and the ESOP is a natural extension of that commitment,” said Dylan Natter, CEO of centrexIT. “By giving our employees an ownership stake in the company, we are creating a sense of shared purpose and responsibility and empowering them to play an active role in driving our continued success.”

March 31, 2023, SAFE Boats International, transitions to employee ownership via an ESOP. “He (Scott Peterson) believed that the best thing for SAFE Boats was that the company really can end up in the hands of the people who build the boats,” Schwarz told Kitsap Sun. Schwarz believed it, too, the CEO added.  “For the company to end up being owned by its employees, it’s just really seemed like a perfect way to match ownership to the company’s bigger purpose,” Schwarz said.

March 28, 2023, Lemon Groundwork Solutions, transitions to employee ownership via an EOT.  Kevin Childs, Executive Chairman at Lemon Groundwork Solutions, stated, “LGS has been a specialist supplier of steel reinforcement and groundworks products for over 40 years, and we employ an exceptional team of specialists in their field. We’re committed to creating a working environment that promotes employee loyalty, and our move to employee ownership will do just that – by allowing our teams to be even more invested in the future growth of the business.”

March 28, 2023, RR Engineering, transitions to employee ownership via an EOT.  Hendry and Beck said: “It’s such a proud moment to be able to hand over RR Engineering. Selling the company we founded to our employees through the creation of the EOT ensures the stability of the business for the long-term and supports our desire for further continued growth. “This move recognises the value our fantastic team has delivered over the years, and it is a very exciting opportunity for each individual to take a pivotal role as the businesses progress.

March 27, 2023, Plastic Coatings, transitions to employee ownership via an EOT.  Plastic Coatings’ chairman Jeremy Stoke said: “The change of ownership at Plastic Coatings Ltd comes as we celebrate our 70th year and really secures the company’s future as an independent, forward-looking organisation. It marks the start of an exciting future for our highly skilled and committed team.”

Mar 23, 2023, Life Size, transitions to employee ownership via an EOT.

March 22, 2023, Langcliffe International, transitions to employee ownership via an EOT.  Helen Postlethwaite said: “We have deliberately adopted a policy of growing our own talent and empowering our staff to make decisions themselves. A lot of our success is based on their ability, loyalty, and understanding and advocation of our systems which are critical.”  Mark Eardley added: “Selling the company to our employees through the creation of the EOT ensures the stability of the business for the long-term and supports our desire for further international growth.  “This move recognises the value that our fantastic team has delivered over the years, and it is a very exciting opportunity for each individual to take a pivotal role as the business progresses. Creating a great place to work is fundamental to our business principles, and we’re very excited about the next stage of the journey.”

March 20, 2023, Hockley Mint, transitions to employee ownership via an EOT.  Gary Wroe, managing director of Hockley Mint, said: “We place great value on our team at Hockley Mint and as a long-standing and successful business we wanted to be able to reward the people who have grown the business to where it is today and offer them greater involvement in the business they work for going forward.”

March 20, 2023, Maximum Fun, transitions to employee ownership via a Cooperative.  Selling [to an external firm] would have presented its own problems. Thorn worried that employees in areas like bookkeeping would be laid off under new ownership.  “In the end, this is the way to do it that won’t ruin everything and allows the company to be owned and operated by people who I trust who are doing it for the same reasons that I was,” Thorn said.

March 16, 2023, Watkins, transitions to employee ownership via an EOT.  Mr Watkin said he was not comfortable with the idea of eventually selling the business on to a third party which might make changes.  “For me it’s all about safeguarding the future of the the employees and helping Watkin’s to keep on doing what it does.”

March 14, 2023, We Are Adam, transitions to employee ownership via an EOT.  Founder Richard Gahagan said: “This is a hugely positive and exciting move that will enable our people to enjoy a greater share in the financial success of the business.  “We have a great team here and firmly believe that transitioning ownership of the company to our employees is the best way for us to retain our people and culture. We hope it will appeal to our clients too by demonstrating our commitment to being a responsible, sustainable and purposeful business with a view on the long term.

March 13, 2023, Warrant Group, transitions to employee ownership via an EOT.  Ian Jones said: “As owners of Warrant Group, Lynsey and I felt that an EOT fitted perfectly with our company ethos to secure the long-term future of the business. This will ensure that our core values, culture, and legacy will continue for many years to come.

March 10, 2023, Rapid Response, transitions to employee ownership via an ESOP.  “Our business is built on long-term relationships and excellent service,” said Rick Palo, founder and president at Rapid Response. “I believe the ESOP transaction will only help strengthen our commitment to our customers.”

March 10, 2023, ThinCats, transitions to employee ownership via an EOT.  The business was founded in 2009 by Stuart Jackson, who said he has been planning his succession, deciding that the transition to employee ownership was the “most logical next step for the company’s future”.  Jackson, said: As the business moves to an EOT model, the culture of collaboration that being employee owned brings is vital and I am delighted that all 77 of our employees will now benefit from the new structure.”

March 9, 2023, Cheetham Jackson, transitions to employee ownership via an EOT.  Stuart Jackson said: “When we started planning for this transition, Nikki and I identified the need to build an exceptional leadership team, providing the depth of experience and breadth of scope to carry the business into its next period of sustainable growth. As the business moves to an EOT model, the culture of collaboration that being employee owned brings is vital and I am delighted that all 77 of our employees will now benefit from the new structure.

March 8, 2023, eg Technology, transitions to employee ownership via an EOT.  “The success of eg is directly due to the team who have worked so enthusiastically to build the company over the past 21 years. We are fortunate to work on a wide variety of interesting projects with outstanding people, who are at the core of our business. We pride ourselves on treating our staff, clients & suppliers with honesty and respect. Within our company values we say that ‘We do what we say we’ll do, we communicate well, we are pragmatic, realistic and honest’ and most importantly ‘we are our people’. The move to employee ownership puts action behind these words. We are extremely proud of the culture within eg and seeing the engagement from the team throughout the process has been wonderful. Future-proofing that ethos has been a critical factor in this decision.” Danny Godfrey

March 8, 2023, Granby Marketing, transitions to employee ownership via an EOT.  Owner Joanne said: “Since I purchased the company in 2013, it’s been a personal ambition to build a business that is truly focused on helping both our clients and our people to thrive and grow. Granby has expanded and diversified over that period and we have a huge range of skilled staff with different backgrounds and areas of expertise. “Becoming employee owned will allow our team to contribute more than ever before to Granby’s and our clients’ success, and ensure we are as sustainable and innovative as we can be in the years ahead.”

March 7, 2023,  Blackhealth Products, transitions to employee ownership via an EOT. Ian Foster, whose family owned Blackheath Products, said: “For over four generations, my family has worked with so many amazing colleagues. It is a privilege to be able to repay their contribution by offering all current employees the opportunity to make it their own business, within an Employee Owned Trust.”

March 6,2023,  Oliver Chapman Architects, transitions to employee ownership via an EOT.  Oliver Chapman said: “We were looking at how we can make the business more resilient and employee ownership just made sense. I was aware of other architectural and engineering practices making the same decision in recent years, and CDS case studies showed that it was a good option in terms of employee engagement and a stable transition of ownership.”

March 6, 2023, Newable, transitions to employee ownership via an EOT.  Chris Manson, Newable CEO comments: “We have bold growth ambitions for the next five years, supporting more SMEs than ever before with a focus on ESG and customer and employee satisfaction. “Employee ownership is a key part of Newable achieving this, meaning our people will be increasingly motivated and rewarded for collectively achieving our goals. We exist to make sustainable profits by helping other businesses to thrive, and now, as an employee-owned business, we will have the right tools to deliver this on an ever-increasing scale.”

March 2, 2023, Blackhealth Products, transitions to employee ownership via an EOT.  “The Foster family has owned the business for over 90 years and their decision to transition the company to an Employee Owned Trust is driven by a passion to keep jobs in the West Midlands and continue to grow as an independent business.  “Our focus is now on our shared, exciting future, with everyone working creatively together to develop new products and services to support our customers and suppliers.”

March 1, 2023, Blue Sky Financial Planning, transitions to employee ownership via EOT.  Chief Executive Neild said: “I believe I am blessed to have such a wonderful team serving a fabulous array of clients. Our 20-plus year journey has been all about teamwork, on every level, and I’m proud to be able to pass the ownership of Blue Sky over to the team, via the EOT.  “I would like to thank every client personally for the support and faith that you have had in Blue Sky. Along with the board, I will continue to ensure that Blue Sky lives by its principles and resonates with the strong values that we all admire.”

Feb 28, 2023, Archway Veterinary Centre, transitions to employee ownership via an EOT.  “In South Wales, a large number of Veterinary Practices have been taken over by corporates and I was becoming increasingly concerned that a monopoly of these companies and private equity firms buying out small independent practices was affecting our industry, and those linked with it.  “Therefore, when I was considering the future of the practice, I was adamant that Archway would and should remain independent long after my stewardship ends. “I have always been aware that the success of a Veterinary Practice depends on all of the staff who work there, and I believe the Employee Ownership model recognises and rewards each staff member’s contribution and gives them a voice in the future of the business. That’s why it was the perfect way for me to pass on the Practice knowing it is and will remain with people that I know and trust.”

Feb 24, 2023, Burgoynes Ltd, transitions to employee ownership via an EOT.  Deborah Spencer said: “The trust takes a different approach to succession planning, future-proofing the business and ensuring it continues in the Burgoynes name.  “All current staff members receive a share of the profits by virtue of being an employee, without having to purchase shares in the company.  “We are excited about the new direction we are taking Burgoynes in and are looking forward to working with employees who are fully invested in the successful future of the company.”

Feb 24, 2023, Bluedog Design, transitions to employee ownership via an ESOP.  “We’ve always had a great culture and worked intentionally to build it,” says Jeremy Anderson, a partner at Bluedog. “The ESOP program takes what we’re doing on the cultural front to the next level and rewards employees by making them owners.”

Feb 24, 2023, Hanson Garages/Buildings Ltd, transitions to employee ownership via an EOT. Founder Giles Hanson stated: “I’m extremely proud of where we are today, having a sustainable independent company with long-held values which have been built by a tremendous number of loyal staff.  “It therefore seems completely fitting to set up this structure whereby the future of the business rests with the loyal staff who have been the key to our success over the years, as well as giving myself an exit strategy from the business.

Feb 23, 2023, LDJ Manufacturing, transitions to employee ownership via an ESOP.  “This was an exciting announcement as the new ESOP enables our team members to share in the growth and prosperity of the company, and ensures that the company remains private and local,” says Ben Cox, president, LDJ Manufacturing. “We remain committed to our core values and to the success of the business and our team members — all while retaining the focus on quality and customer satisfaction that has been instilled in the company by the Van Wyk family from the beginning.”

Feb 22, 2023, Sewell, transitions to employee ownership via an EOT.  Mr Sewell said: “I have always believed in employee ownership – that employees make or break a company and should have a greater stake than just salary and bonus can provide. They should feed into the strategic concept of a company, its sustainability and overall value.

Feb 22, 2023, Talk Training, transitions to employee ownership via an EOT. Operations Director Alison explained the reason why Talk Training has transitioned to becoming employee-owned: “We have been looking at succession planning for about four years and went so far as to have some serious discussions with a company about a trade sale. But some of the discussions we had didn’t feel right to us. We have such loyal and dedicated staff here, we realised that a new company would potentially move Talk Training away from our base at Nantgarw and drastically change things for our team, which we didn’t want to see happen.

Feb 17, 2023, Connick Tree Care, transitions to employee ownership via an EOT.  [Owner and managing director] Connick said: “I want to make sure that the business stays in the hands of the team who helped build it. Moving to an EOT is an opportunity to make sure the caring ethos we’ve fostered at Connick Tree Care can continue, with our employees themselves at the helm, as joint owners. This really is a chance for our staff to own a stake in the business and be part of its success into the future.

Feb 15, 2023, Warwick and Warwick, transitions to employee ownership via an EOT. [Owner] Talbot said: “Warwick and Warwick has a terrific team and it has been a pleasure to work with them over the years. “Amending ownership to the employees is a natural step and one which will benefit all of the present and future team, as well as Warwick and Warwick’s customers.”

Feb 14, 2023, BC Construction Group, transitions to employee ownership via an ESOP. “Our transition to a 100% employee-owned company is a natural extension of what enabled our prior success,” added said Paul Lemley, Executive Vice President, BC Construction Group.  “It embodies our core values of honoring our commitments, treating each other equally and with respect, taking pride in all we do, and being fair and resilient in getting to the right solution. Our ESOP is the best investment we can make in each other, our clients, supplier partners, and for the successful future of our business.”

Feb 13, 2023, Contegra Construction, transitions to employee ownership via an ESOP.  “We had discussed the possibility of an ESOP at Contegra for many years,” said Eric Gowin, founder and CEO of Contegra Co. “Given the overall health of the business and our strong project backlog, it was time to fortify momentum and reward our employees for consistently putting our clients first in everything they do.”

Feb 13, 2023, Speedrack Products Group Ltd, transitions to employee ownership via an ESOP.  As owner and CEO Ron Ducharme planned for the company’s succession to new ownership to retire, he opted to create an ESOP to maintain local ownership, culture, management and partnerships with customers and distributors.  “He wanted to keep the culture of the company in place and keep the management in place, so instead of selling to a third party-type company or an equity company, he felt this was the best fit for him and all of the employees,” President Eric Quist told MiBiz. “Probably most important for Ron was he wanted to reward the employees for years of dedication and hard work. It’s a great transition for just everyone involved.”

Feb 13, 2023, Livingston James, transitions to employee ownership via an EOT. Mr Livingston told The Herald: “The statistics would suggest [employee ownership leads to] low staff turnover, greater buy-in, greater customer satisfaction, [and a] more egalitarian share of profit, because the employee ownership trust exists to make sure the business is run for and behalf of the benefit of all current and future employees. They are the majority shareholders.”

Feb 10, 2023, West Lebanon Feed & Supply, transitions to employee ownership via a TeamShares buyout.  Jacques, a leading voice in the Upper Valley business community for nearly three decades, said he and his wife began planning for retirement several years ago and had the store listed for sale with a business broker. Despite discussions with traditional buyers, Jacques said Timeshares offered a pioneering model that would benefit employees while at the same time providing him and his wife with an exit strategy and reward for their hard work.  “All the jobs are safe. Nobody’s going to lose their jobs,” Jacques said, adding that employees “are not only shareholders now but stakeholders, too.”

Feb 7, 2023, TwoTwenty, transitions to employee ownership via an EOT.  Stain added: “In effect, we are a family business whose employees are not related, so to create an EOT resonates with every value we have ever aspired to. It creates a legacy for us, provides security for all the staff, and allows us to handsomely reward every employee for the hard work and effort they put in.”

Feb 7, 2023, LDJ Manufacturing, transitions to employee ownership via an ESOP. “This was an exciting announcement as the new ESOP enables our team members to share in the growth and prosperity of the company, and ensures that the company remains private and local,” says Ben Cox, president, LDJ Manufacturing. “We remain committed to our core values and to the success of the business and our team members — all while retaining the focus on quality and customer satisfaction that has been instilled in the company by the Van Wyk family from the beginning.”

Feb 7, 2023, UKClimbing, transitions to employee ownership via an EOT. The creation of UKClimbing Trustee Limited as the owner behind UKClimbing Limited means that the future of the company is on solid ground. We have a great staff and we will hopefully be able to recruit more new employees who share our enthusiasm and desire to communicate and promote climbing and the outdoors to the world and stick to the ethos that we have established over the last two to three decades as the business has developed.

Feb 7, 2023, Kudos Records, transitions to employee ownership via an EOT.  Kudos founder Danny Ryan, who will remain with the company as MD for at least the next five years, adds: “Kudos Records has always been committed to fostering a culture of ownership and engagement among its employees. This transition to employee ownership will further align the interests of employees with those of the business”.

Feb 4, 2023, Tuxedo Distributors, Inc, transitions to employee ownership via an ESOP.  “Our employees have been the backbone of this business, and it gives me great joy to see them become owners of the company they have helped build,” said Steve Swink, Founder & CEO of Tuxedo Distributors. “The Employee Stock Ownership Plan (ESOP) is a perfect way to reward their hard work and dedication.”

Feb 3, 2023, Ti-Trust, transitions to employee ownership via an ESOP.  “Our success is attributable to our exceptional employees and the great culture we have at TI-TRUST. We have been serving as an ESOP trustee for hundreds of clients since 1988.  Today, with our own ESOP, it strengthens our commitment to our employees and our culture while continuing to provide outstanding service to our clients.” said Brian Ippensen, President and CEO.

Feb 2, 2023, Archway, transitions to employee ownership via an EOT. Andrea, who graduated as a vet in 1996 and worked around the UK and Australia before settling in Chepstow, explained her reasons for selling the practice to her colleagues: “In South Wales, a large number of Veterinary Practices have been taken over by corporates and I was becoming increasingly concerned that a monopoly of these companies and private equity firms buying out small independent practices was affecting our industry, and those linked with it.  “Therefore, when I was considering the future of the practice, I was adamant that Archway would and should remain independent long after my stewardship ends.

Feb 2, 2023, StoneAge Holdings, transitions to employee ownership via an ESOP.  Says Kerry of becoming 100% employee-owned, “We take pride in providing our team with rewarding careers and the chance to work alongside remarkable colleagues to achieve something truly meaningful together. We embody ownership thinking in everything we do, from our accountability to each other, to how we serve our customers and value our partners.” She continued, “Being employee-owned drives and shapes our daily work ethic, and we couldn’t be more excited to continue serving and innovating the industry as one united team.”

Feb 1, 2023, Harper McDermott, transitions to employee ownership via an EOT.  Managing director Thomas Fox explained: “Employee ownership provides many benefits; from existing staff retention through to attracting the best talent, it gives our team job security and brings us closer together as one team all working towards similar goals.”

Jan 30, Gift Universe, transitions to employee ownership via an EOT.  Founder Paul Kraftman commented: “At Gift Universe we are proud of our great people, many of whom have been with the company for a number of years and have been emotionally invested in our journey. I am delighted that they will now have the opportunity to own a part of the business they have helped build and we will be able to manage succession planning in the business in an orderly way over the next few years, ensuring continuity.”

Jan 27, 2023, MM-EYE, transitions to employee ownership via an EOT.  Damien Field “We’re very excited to pass on ownership of the business to the team who have contributed so much to its success.  “It’s good for the business, good for the team and good for us. Normally when an owner sells it is time to think about slowing down – we’re massively energised by this new chapter for the business.”

Jan 27, 2023, Woodlands Home & Garden, transitions to employee ownership via an EOT.  Chief Executive Moran said: “There has been a huge amount of interest in this sector over the last two years, and as one of the established market leaders, Woodlands has received a number of offers of investment or in some cases offers to take a controlling interest in the business.  “Whilst this is extremely flattering, it comes at a time when the company is still part way through our brand journey, and we are acutely aware of how important it is for such an historic business to be very selective with regard to strategic  partnerships.  “Instead, we have used this period to assess all of the growth options available to the business and we felt that the EOT model was perfect for us.

Jan 25, 2023, Understanding Recruitment, transitions to employee ownership via an EOT.  Chris Jackson, CEO of Understanding Recruitment, said, “Today’s announcement is without a doubt the most significant and important one in our history. The Board has always been driven by creating an inclusive and rewarding culture and we feel strongly that the EOT will help further boost the already impressive growth performance (currently at over £5 million EBITDA) and most importantly give all employees the opportunity to financially benefit from pay-outs ranging from six to seven-figures depending on their length of service and seniority.”

Jan 19, 2023, Stellar Industries, transitions to 100% employee ownership.  “During the past two decades, our employees have enjoyed many positive benefits of employee ownership,” said Zrostlik. “With an ownership mindset, our employees will continue to work together to increase the company’s value. We believe this change to 100 percent ESOP ownership will secure Stellar’s success for years to come. That’s good for employee-owners, good for Stellar and good for the communities where we are located.”

Jan 19, 2023, BC Construction Group, transitions to employee ownership via an ESOP.  “We’ve always treated our clients as partners throughout the design build process… and now our employees will be true business partners as owners, as well,” said Mark Tomasik, President of BC Construction Group. “We are proud of our unique focus and culture, and this new change is the next step in our evolution, setting the stage for a very exciting future.”  “Our transition to a 100% employee-owned company is a natural extension of what enabled our prior success,” added said Paul Lemley, Executive Vice President, BC Construction Group.  “It embodies our core values of honoring our commitments, treating each other equally and with respect, taking pride in all we do, and being fair and resilient in getting to the right solution. Our ESOP is the best investment we can make in each other, our clients, supplier partners, and for the successful future of our business.”

Jan 18, 2023, All Comfort Services, Transitions to employee ownership via an ESOP. “Only a few of the heating contractors that were in business when I started are still around,” says Davies. “We’ve stood the test of time, and I think doing this will help us to keep doing so.”  Transitioning the company to an ESOP allows employees to benefit directly from profits and get involved in the many decisions that guide a company. It also grants employees a very real “piece of the pie.”

Jan 18, 2023, DB3 Group, transitions to employee ownership via an EOT.  Nathan McNamara, CEO of DB3 Group commented: “We are delighted to announce that we have set up an Employee-Owned Trust, which owns a majority stake in the business. Our team are what makes us so successful, and after two strong years of growth we are pleased to be able to make this change and recognise the contribution that every employee makes to our success.

Jan 17, 2023, TXI, transitions to employee ownership via an ESOP. “When founders simply sell their companies to the highest bidder, they leave their clients and employees to navigate profound cultural changes, unfamiliar leadership hierarchies, and shifting business objectives all on their own,” said Josh Golden, founder and chair at TXI. “By transitioning to an ESOP, TXI keeps its culture intact and aligns its business interests with the interests of the people that made us successful in the first place.”

Jan 15, 2023, Town and Country, transitions to employee ownership via an ESOP.  “At the end of a career, a person asks themselves what kind of difference they made,” Bing wrote. “What’s their legacy? When I reflected on 40 years of running Town and Country Group, it was clear to me that success came from the dedication and perseverance of each employee. They are (the business’) legacy.”  In an employee-owned company, employees own stock and directly reap the benefits of their own labor. Performance affects the whole team’s stock value, rather than individual reviews.

Jan 9 2023, Crooks Walter Consulting, transitions to employee ownership via an EOT.  Paul Crookes and Dave Walker, founders of Crookes Walker Consulting, said: “CWC is a knowledge-based business, with a reputation for teamwork and excellence. We are only as good as the people within the practice, and we wanted to ensure that with any succession plan, their future was not just secured but enhanced.

Jan 9, 2023, Useagility, transitions to employee ownership via an ESOP after first being sold to New Jersey’s First Tek. However, First Tek notified Useagility employees that Useagility would be closed.

Jan 6, 2023, Horizon Transport, transitions to employee ownership via an ESOP.  “Yeah, as an owner, you’re always trying to figure out later in life — I’m now 55 – how you’re going to land this airplane, so to speak,” he said. “I’ve thought about selling to private equity or even to a competitor, and it just didn’t seem right or to fit right. And I got some legitimate offers, but the thing that just fit us best – with all the stars aligned — was to sell the company to the employees. And it allows us to reward long term employees who have been with me in some cases for over 30 years and have helped me build the company into what it is today. “So, it just felt really, really good to be able to reward these employees with stock,” he added, “and then when they retire, they can cash out for their retirement.”

Jan 6, 2023, Automation-X, transitions to employee ownership via an ESOP.  “Our talented employees set us apart at Auto-X,” says Chairman of the Board Dan Schultejann. “We want our employees to think and act like owners, which will directly benefit from Auto-X’s continued success.” Board Member Alex Schultejann adds, “Auto-X strives to create a cohesive culture, many of our employees have been with us for most of their careers. The ESOP will position the company with sustainable, long-term growth while enhancing our employees’ work lives and financial futures.”

Jan 6, 2023, Lantana Consulting Group, transitions to employee ownership via an ESOP.  “Lantana has always been about the staff, their dedication, innovation, and commitment to excellence,” Liora commented, “so it makes perfect sense that they now take ownership. I have always wanted Lantana to be a company that I would like to work for—and now, in my new role as Chief Strategy Officer focused on new business, special projects, and communications, I will have that opportunity. I am thrilled to hand off the torch to Courtney who has an expansive vision for Lantana and the leadership qualities to fulfill that vision.”

Jan 5, 2023, Geokon Inc, transitions to employee ownership via an ESOP. “I’m happy that I can leave Geokon in the hands of the people who helped me make it the outstanding company that it is,” said Barrie Sellers, who founded the company in 1979.  “During a time where our industry is witnessing consolidation via venture capitalism, we are pleased to resist this trend and transition to a 100% employee-owned company,” added Chuck Chamley, the company’s current president.

Jan 3, 2023, Herd Group, transitions to employee ownership via an EOT.  Nigel Schroder said “Within our industry sector we see so many businesses being swallowed up by larger competitors or taken over by outside investors when they reach a certain size, in terms of both their fleet and profit returns. Invariably the original business and the culture of that business are destroyed, broken up, diluted, in order to be absorbed into the buying business or restructured under an investor. The people that built the original business become a number and the culture that created the success is forgotten.”  “In order to maintain what we have built and in order to take the business to its next level, the Herd Group Employee Ownership Trust has been created. At Herd, we have spent years building an incredible brand, a unique culture which has been built on a passion for Customer CARE and a brilliant team, who always deliver… every single one them are amazing and it is only right that they all share in the current and future success of Herd,” he continued.

Dec 21, 2022, Gwynedd Holiday Lodge, transitions to employee ownership via an EOT.  Founder Richard Watson said: “We have a fabulous team at Aspire and the success of the business is a result of the dedication and talents of the whole team. When we heard about how an Employee Ownership Trust worked it was obvious that we should do this. We want every team member to benefit from our future success.”

Dec 20, 2022, Seven Search, transitions to employee ownership via an EOT. “With it being Seven’s 20th birthday this year, this has made us reflect and consider the future, in particular the future ownership of the business.” says Gabby Rosenberg, co-owning director and one of the original employees at Seven Search and Selection. “Selling the business in full to its employees in the form of an Employee Ownership Trust (EOT) was a no brainer for us and means that Seven continues to retain the collective values, expertise and commitment of the people in it.”

Dec 15, 2022, S&W Wholesale, transitions to employee ownership via an EOT.  Michael Skelton, CEO of S&W Wholesale, said: “This is a very bold and exciting move for us as pioneers of EOT at this scale in Northern Ireland. We know there will be learnings over time but the most important thing for us is that our team are going home this Christmas knowing that not only have they job security, and certainty for the long term; but they are working for an organisation that genuinely wants them to benefit from the business.

Dec 13, 2022, Geokon, transitions to employee ownership via an ESOP.  “During a time where our industry is witnessing consolidation via venture capitalism, we are pleased to resist this trend and transition to a 100% Employee-Owned company. Our 43-year success is built on quality, service, and the efforts of our dedicated employees. We believe that their ownership will contribute greatly to the next chapter of GEOKON, and we look forward to the extraordinary results of the trust we’ve placed in their capable hands,” said Chuck Chamley, President.

Dec 13, 2022, Ghilotti Construction, transitions to employee ownership via an ESOP.  “We are excited to transition ownership to our employees who are best positioned for the future success of Ghilotti Construction Company,” said CEO Richard Ghilotti of the company that has roots back to 1914 in the North Bay.

Dec 6, 2022, Contegra, transitions to employee ownership via an ESOP.  “We had discussed the possibility of an ESOP at Contegra for many years,” explains Eric Gowin, Founder and CEO of Contegra Construction Company. “Given the overall health of the business and our strong project backlog, we felt that now was right time to begin the journey.

Dec 2, 2022, Guttman Holdings, transitions to employee ownership via an ESOP.  “My brothers and I are extremely excited about this opportunity. Having been very successful in managing our customer’s fuel and transportation needs through the most tumultuous time in our history, we remain very bullish about this business and our future. We have an outstanding executive leadership team in place. Joe Lucot, CFO and Mark Harper, COO have been leading the Company for the last few years and have set Guttman up for continued growth. The ESOP is an opportunity to share our success with the leadership team and all the employees. We are thrilled to turn over the Company and entrust our legacy to our outstanding management team and team members to take Guttman into the future,” said Alan Guttman, CEO and Chairman of the Board.

Nov 30, Sledge, transitions to employee ownership via an EOT. Former owner Fawcett said: “We have always been an employee-first group, and the decision to transition to an Employee Ownership Trust model further exemplifies this. While we have sold the group to the EOT, Sarah and I will remain involved in both agencies, and remain wholly committed to their continued success.” While former owner Yeats added: “We value the insight and expertise of our people. We are passionate about empowering them to contribute to the ongoing development of the group, and the EOT model champions this.”

Nov 24, 2022, Dent Instrumentation, transitions to employee ownership via an EOT.  “This deal ensures a smooth succession as well as the preservation of the company’s core family values and the Dent Instrumentation name,” said managing director Colin Hull. “The EOT structure will maintain the integrity of the business for years to come.”  “The success of Dent Instrumentation has been down to the dedication and talents of the whole team so putting it in their hands feels fantastic,” added chairman Andrew Dent. “It was incredibly important to protect our heritage and way of working and I couldn’t think of anyone better to do that than the very people who helped to grow the business.”

Nov 23, 2022, Kern River Brewing Co, transitions to employee ownership via an ESOP.  “Our employees are so much a part of our success that we felt this was the best path forward for our collective futures and Rebecca and I are so happy to be able to make this announcement today.” said Rebecca Giddens, also co-founder, in a statement. “KRBC is still family-owned. It’s just that our family got a little bigger.”

Nov 18, 2022, Yellow.ai, transitions to employee ownership via an ESOP. The objective, said the company in a statement, is to empower employees irrespective of their tenure or designations, as well as promote collective success by getting them to think about long-term value and wealth creation for themselves, customers, and for Yellow.ai.

Nov 18, 2022, Bennett Oakley, transitions to employee ownership via an EOT.  Simon Elliott, Bennett Oakley’s managing director, said: “Employee ownership is about looking after our existing employees and attracting the best talent to work for us.  “Becoming employee owned means our people now have a direct stake and say in the business.  “Moving to employee ownership means that our people will take an equal share of our profits and will have a direct say in the business through our Employee Ownership Trust.”

Nov 15, 2022, Peter Ambrose, transitions to employee ownership via an EOT.  Peter Ambrose said: “It’s a very exciting time for the company with lots of opportunities as we move into a new age that will be more and more dominated by electric and hydrogen vehicles. I knew I was going to sell the business one day, but I wanted the structure to be right and the option of creating an EOT really appealed to me. We’ve always put our people at the heart of our operations so this option felt like a natural transition as the business will remain in the hands of those who have made it what it is.

Nov 15, 2022, Hockley Mint, transitions to employee ownership via an EOT.  Talking about the transfer, Hockley Mint managing director, Gary Wroe said: “It’s always been the people and the team at Hockley Mint that have made the business great. “Choosing an Employee Ownership Trust is a natural next step that allows us to maintain what’s great about our current culture, protect the future of the business and give back to our employees with tangible benefits.

Nov 14, 2022, Valco Industries, transitions to employee ownership via an ESOP.  “I do think it was a win-win in the fact that it provided an exit strategy for myself and my family; I received a fair market value for the company, as determined by an independent outside firm; and I can keep working if I want to. It kept the business local, kept our workforce intact, and was a vehicle to financially reward the employees—in an unexpected and an unusual way—who helped build the company and were willing to stay and work for the long haul.”

Nov 14, 2022, Frank Ellis Architects, transitions to employee ownership via an EOT.  Matthew Branton, Franklin Ellis’s managing director and a founding member of the firm, said: “Taking the decision to become an Employee-Owned Trust is one we’re pleased to enact and feels like a natural progression for Franklin Ellis. We aim to ensure the independence and continued success of FE and choosing an employee-owned model exemplifies the level of ownership our employees have in their work and the direction of the company. This change will solidify the confidence we have in our staff, our commitment to them and secure the future of FE, while preserving our culture and ambitions.”

Nov 14, 2022, Futureserv, transitions to employee ownership via an EOT.  Craig Cleary, founder at Futureserv, said: “Today marks a new chapter in Futureserv’s history. Ever since our first hires joined the business, we have retained a real sense of family across Futureserv, so it felt a natural next step in our journey to transfer to employee ownership.”  Dave Cleary, founder at Futureserv, said: “As a building services consultancy, our greatest asset will always be our talented team of engineers and support staff. Moving to an employee owned business will ensure that Futureserv’s continued success provides benefits for all and also help attract the brightest, forward thinking candidates in the future.”

Nov 9, 2022, YesTax, transitions to employee ownership via an EOT.  John Moxon, managing director at TFF Tax Ltd, trading as YesTax, said: “We have always prided ourselves in being a different kind of tax company, driven by the desire to make a difference. The new structure is built around this idea, giving all employees a stake they will directly benefit from.

Nov 9, 2022, Conde Systems, transitions to employee ownership via an ESOP. “Since our founding in 1992, my foremost goal has been to provide our clients the superior resources needed to be successful in their custom decorating business,” said David Gross, President of Condé Systems. “This transition is the best step for us as it reinforces our commitment to serve our clients in the best way possible and also supports the sustainability of our company. Our clients can now have an additional level of confidence that our firm is here to serve their needs far into the future. Equally, our employees now have an opportunity to accumulate financial well-being not only through compensation but also through the ESOP,” he added.

Nov 9, 2022, Camargue, transitions to employee ownership via an EOT.  HCR’s head of corporate in Cheltenham, Tim Ward, said: “In such uncertain times, this is truly a good news story. Employees are at the heart of every business – having the chance to make a real difference to their own futures as well as that of the business they work for cannot be underestimated. Being part of a new chapter in Camargue’s story is really heartening. I wish them the very best for the future.”

Nov 8, 2022 Creed Communications, transitions to employee ownership via an EOT.  Director and co-founder Hill said: “It’s fitting that after 15 successful years in business that we should reward and recognise [our staff’s] contribution by moving to an employee-owned model. This move ultimately sets us up to look ahead to the next 15 years of business and beyond, as we develop our experts and leaders for the future, remain agile and independent and support more organisations as they grapple with the constant and changing demands of the employment market.  “Moving to employee ownership is becoming more popular, but it remains a path that’s not well-trodden. The expertise and pragmatism of our advisers at Brabners and KJG ensured that we secured a deal that sets us up for a bright future.”

Nov 7, 2022, Inspired Cycle Engineering, transitions to employee ownership via an EOT.  Co-founder and director Neil Selwood said: “Our aim is to always surpass people’s expectations in everything we do.  “That is why ICE trikes have played their part in setting world records, cycling to the South Pole, touring the globe in supreme comfort, and winning countless races, as well as enabling people to enjoy their daily commute or a relaxed trip to the shops.  “We couldn’t have done that without our team and by becoming employee-owned we keep that passion for our work for years to come.”

Nov 7, 2022, Leader Marketing Partnership, transitions to employee ownership via an EOT.  “Becoming employee-owned recognises their contribution and I am confident that the Leader legacy is in safe hands with a team that share a commitment to keeping its values alive. As the agency moves to an EOT model, the culture of collaboration that being employee-owned brings is vital. Three of Leader’s current staff – Faye Hampson, Tracy Taylor, and Alister Foye – are stepping up to become directors and will comprise the agency’s new senior management team.”

Nov 3, 2022, Bisley, transitions to employee ownership via and EOT.  Mr Brown said: “For some time now, along with the Board of Directors, I have been seeking ways in which to ensure the long-term success of Bisley, and at the heart of this for me has always been the most important element of Bisley – our people”.

Oct 31, 2022, The Camargue Group, transitions to employee ownership via an EOT.  Managing director Jo Lloyd said: “When we started looking at the next stage of our future, it was really important to us that we retained our independence and that we protected our values.  “We wanted to create a strong platform for growth and to put our people, who make us who we are, front and centre. We think clients will see the value of working with consultants who have a real and personal connection with their company.

Oct 31, 2022, Austin Design, transitions to employee ownership via a cooperative.  As owners, Holschuh said, employees have “a little more skin the game” and take more responsibility for what happens with the business. The only challenges in moving to the worker cooperative she cited had to do with determining how the model would work.  Austin Design now has a board of directors made up of employee owners and corporate officers. Holschuh said the company plans to continue getting group consensus on decisions.

Oct 25, 2022, RJ Lifts Group, transitions to employee ownership via an EOT. Richard Skelson, group chairman, said: “This is a very positive step for our staff, our clients, and the company.  “Our vision is for the business to continue to be run in accordance with the values and principles on which it was first built, and this will be enhanced by employee ownership.”  Gareth Williams, managing director, added: “This guarantees our future and the next stage of growth as an independent company, and allows us to continue to deliver consistently for our clients.”

Oct 25, 2022, Your Equipment Solutions, transitions to employee ownership via an EOT. “As clichéd as it sounds, we are one big family at Y.E.S and when looking into my succession plan, employee ownership was the perfect option. I’ve always had the view that if the company does well, the staff should do well too – and this is just one of the ways I can repay their hard work. “I’m confident that the more than capable team are going to continue the business’s constant commitment to quality products and services, as well as its strong values in charity and local community, which is something that wouldn’t have been guaranteed should I have sold the firm.” – David Johnstone Founder and MD

Oct 25, 2022, NEC, transitions to employee ownership via an EOT.  Vince Middleton said: “As a third-generation family business our people have always been an important part of our company and the decision to become an Employee Ownership Trust rewards our team and gives them a say in the future development of the business.”

Oct 21, 2022, Oliver and Co, transitions to employee ownership via an EOT. Owen said: “By selling the business to our employees we can retain that special culture and secure the business for the future. And our clients will benefit too, because if our people are happy, that is reflected in the fantastic service we give to our clients.”  Cook added: “Employee owned businesses tend to see higher levels of profitability and productivity, along with improved employee and customer satisfaction. Employee owned organisations excel in engaging employees, who in turn drive performance and innovation.

Oct 17, 2022, Shedkm, transitions to employee ownership via an EOT.  It [Shedkm] said that making the business 100 per cent employee-owned would ‘better reflect the genuinely collective ethos engrained in our culture, for the benefit of all’ as well as providing continuity and ‘long-term reassurance, not just for staff, but for clients’.

Oct 14, 2022, DENT Instrumentation, transitions to employee ownership via an EOT.  Andrew Dent commented: “The success of Dent Instrumentation has been down to the dedication and talents of the whole team so putting it in their hands feels fantastic. It was also incredibly important to protect our heritage and way of working and I couldn’t think of anyone better to do that than the very people who helped to grow the business.”

Oct 7, 2022, Twisthink, will transition to employee ownership via an employee Stock Ownership Plan.  “We carefully considered many different options … but the ESOP was the clear choice for this team,” Chief Technology Officer Kurt Dykema said in a statement. “With the creation of our ESOP, there is great enthusiasm regarding what the future holds for all of us — including our clients who will continue to receive the best from our team-owners every day.”

Oct 6, 2022, Intec Systems, transitions to employee ownership via an EOT. Managing Director Adrian Howells noted: Selling into an EOT structure preserves the business in its current form for the staff and ensures the legacy of Intec continues.

Oct 5, 2022, JDDK Architects, transitions to employee ownership via an EOT.  Nicky Watson, JDDK Director, commented, “Like many forward-looking organisations, we are aware of the challenges of not only increasing employee engagement but also opportunities for succession and have taken advice from many sources, including our accountants, Haines Watts, who have helped set up the EOT alongside our solicitors, Muckle LLP.” “As a very close-knit, collaborative team of creative people, this felt a natural progression for us and continues in the spirit of equality and professional innovation which is already embedded in our practice. The EOT splits ownership from management which removes potential barriers to succession, ensures retention of our business ethos and values, increases the influence employees can have on the business and creates opportunities for greater reward for their skills and efforts.” “Importantly, to our clients, contractors and fellow consultants, it will be very much business as usual, dealing with the same individuals and teams as before and we’ve actually received a very positive reaction from those we have informed.”

Oct 5, 2022, Planit_IE, transitions to employee ownership via an EOT.  Ed Lister, managing director and co-founder, said: “Having spent 25 years building the practice from scratch, and witnessed other similarly strong businesses sell out and then slowly lose their identity, culture and purpose in the process, we knew that this wasn’t an option for us, and the move to Employee Ownership means that it should never be.

Oct 5, 2022, Rolling Hills, transitions to employee ownership via Teamshares.  “I am so excited that Rolling Hills is now employee-owned,” said John Brophy, retiring owner of Rolling Hills. “The success of this business has and always will be our employees, and so making them owners, while ensuring the business will forever be part of the community, just makes sense.”

Oct 4, 2022, Horn Photo, transitions to employee ownership via Teamshares. According to the Groszs, becoming an employee-owned business honors their team as well as the business’s family legacy.  “It allows a successful business to continue to thrive after the owners have retired, according to the Horn Photo website. “The team of dedicated employees have always been the greatest strength for Horn Photo. Passing the business on to the employees is a way of honoring their hard work and preserving the company’s legacy for generations to come.”

Oct 4, 2022, Linear Recruitment, transitions to employee ownership via an EOT.  Linear stated that it wanted to reward its ‘loyal and hardworking employees’ and the move to an Employee Ownership Trust gives the company stability moving forward with ‘ownership succession that preserves the business and its culture’. Furthermore, Linear added that this gives its employees ‘a voice on the board enabling a clear and collaborative way of working’.

Oct 3, 2022. Acutec, transitions to employee ownership via an EOT.  “This has been a long-time vision of mine,” Smith said. “I have a very collaborative leadership style. A lot of people have made Acutec what it is today. We want people to own their own processes like they are a business owner.”

Oct 3, 2022, Lyneal Group, transitions to employee ownership via an EOT.  Cartlidge, who has been with the firm since its inception in 2011 when he built the original My Staff Shop website, said: “Years of dedication and innovation has made our company the success it is today. It feels fitting that the current employees will now be the beneficiaries of that hard work, providing world class benefits packages for our clients’ employees. This really is the ultimate employee reward programme, for employees, by employees! We can already see the impact of bringing the team closer together.”

Oct 3, 2022, Medstrom, transitions to employee ownership via an EOT.  Chief executive David Belli said: “Medstrom is securing the future of the business, including its ethos, values and focus on sustainability, whilst maintaining our unique culture.”  Scott Apsey, Medstrom, managing director and CIO, added: “It gives us all great pleasure to give something back to our very committed colleagues, as they often go above and beyond their duty to ensure our customers and patients are well looked after.”

Oct 1, 2022, Belbin Associates, transitions to employee ownership via an EOT.  The EOT is a means of acknowledging and celebrating Belbin’s past and securing a bright future. As a company that ‘practises what we preach’, Belbin is proud of the strength of its own team. In effecting this transition, we are giving back to our employees – making them the curators of our brand and strengthening their connection to the business.

Sept 29, 2022, Matandy Companies, transitions to employee ownership via an ESOP.   Owners of Matandy Companies, Frank and Joanne Pfirman, converted their three businesses into an Employee Stock Option Plan on Aug. 11, 2022.  “I knew if we were to sell to a competitor or venture capitalist, there was a strong possibility that the culture we all worked so hard to establish would be gone and, in all probability, jobs could be lost,” Pfirman said. “Joanne and I both wanted to make sure that did not happen. This also ensures that Matandy will stay in Hamilton.”

Sept 29, 2022, The Challenger Group, transitions to employee ownership via an EOT.  Sam Pepper and Richard Green said: “It’s such a proud moment to be able to hand over The Challenger Group. Selling the company to our employees through the creation of the EOT ensures the stability of the business for the long-term and supports our desire for further continued growth.  “This move recognises the value that our teams have delivered over the years, and it is a very exciting opportunity for each individual to take a pivotal role as the businesses progress. Creating a great place to work is fundamental to our business principles, and we’re very excited about the next stage of the journey.

Sept 28, 2022, ShapeBlue, transitions to employee ownership via an EOT.  Giles Sirett, CEO of ShapeBlue, commented: “I am very proud to be able to say that ShapeBlue is now 100% employee-owned. This guarantees our future as an independent company and allows us to continue to deliver for our customers through our deep involvement in Apache CloudStack.”

Sept 28, 2022, Integrity Tree Services, transitions to employee ownership via an ESOP.  The company’s former owners saw creating an ESOP as opening “a new chapter of employee retention” and profitability, according to a statement. According to Integrity Tree Services’ website, the company has grown its head count by 25 percent year-over-year.  “We are excited about this change because it encourages our team members to take ownership of the company’s culture and success,” Integrity Tree Services CEO Phil Sims said in a statement. “Every decision they make will affect the profitability of the company and can increase their stock value. We will also be able to deliver an even higher quality of work to our clients across the nation.”

Sept 26, 2022, Bellegarde Bakery, transitions to employee ownership via a Cooperative.  “The energy and integrity of Bellegarde will be preserved by the people who maintained it all these years,” said Gill in a press release announcing the change in business model. “What makes the co-op model so exciting is that it stands for a way things used to be done and how many people want them to be done in the future. Much like bread baking, it’s a way of doing business where you get out what you put in. I’m proud and excited for this change. And I ask for New Orleans’ support. The same you’ve provided for years. But this time to a newer spirit at Bellegarde.”

Sept 26, 2022, DAY, transitions to employee ownership via an EOT.  “This marks the start of an exciting new chapter for DAY and all our employees. We view this step change as a way of safeguarding the longevity of Day Architectural and an opportunity to provide a sustainable future of continued growth, development, progression and success for the company and our team in our years ahead.”

Sept 22, 2022, Astor Wines & Spirits, transitions to employee ownership via an ESOP.  We had three goals: One was, when you’re selling a business, you want to be paid for the business that you’re exiting. The second is the preservation of Astor. I’ve been at this for 50 years, and I’m proud of it and the people within the business. The third thing we wanted to accomplish is making sure the people who have been so instrumental in building the business were rewarded for that.

Sept 21, 2022, Austin Design, transitions to employee ownership via a Cooperative. “Over the last several years, our office evolved into a tight, effective team serving our clients to the best of our abilities,” Austin said. “We developed an exceptional, if diverse, portfolio in affordable housing and craft breweries, among other areas of architectural design. During the last year, we developed a plan to create a worker-owned cooperative to take the reins of Austin Design, Inc.”

Sept 10, 2022, Stewarts Ambulance, transitions to employee ownership via an ESOP.  “When the company’s profitable, the employees share in the profits,” said Justin Van Etten, executive chairman of Stewart’s Ambulance Service in Meredith. “It will create a lot more long-term financial security for all our EMTs and we hope will pull more people into the field.”

Sept 8, 2022, Shuttle Buses, transitions to employee ownership via an EOT.  Shuttle Buses says it was established in 1990, has 60 vehicles, and operates both commercial and subsidised local bus services – including school and private contracts, the MyBus on-demand service, and private coach hire. It says a key driver for moving to employee ownership was to “retain the ethos and culture of the company whilst anchoring it in the local community”

Sept 6, 2022, HED, transitions to employee ownership via an EOT.  Imogen Young, one of the current directors, said: “The employee ownership model is the perfect solution for us as a small company allowing us to pass ownership and responsibilities to our hard-working team. This will be phased over a number of years allowing successional planning and eventually retirement in our later years.”

Sept 4, 2022, Molded Fiber Glass(MFG), transitions to employee ownership via an ESOP.  Looking ahead, we are excited to begin the transition to an ESOP and for its potential. Robert Morrison wove spirit, commitment, and integrity into MFG and now it is up to us to keep those principles in the forefront. Fortunately, we have the best team in the industry. They are not only ready for the challenge but talented enough to grow and expand MFG Tray’s operations and footprint for generations to come.”

Aug 26, 2022, Kellner Foodservice, transitions to employee  ownership via an ESOP.  “The employees of this company are what make it work,” said Bill Kellner, who made the employee-ownership possible and was the last family namesake to own the century-old business. “I did not want to sale the business to another company.”

Aug 10. 2022, Getech, transitions to employee ownership via an EOT.  Guy Watts, managing director of Getech, said: “Making the move to an employee ownership model was a great choice for Getech.  “The EOT allows us to satisfy the balance of the preservation of our own SLT team and identity on the one hand, with the shareholders’ ability to structure an exit on their own terms on the other. It was a pleasure to work with both teams, their expert guidance, hands-on approach and professional attentive client service impressed us from the start.”

August 10, 2022, Mower, transitions to employee ownership via an ESOP. Eric Mower commented, “The ESOP allows Mower to remain independent, to maintain our professional standards and practices and for our employees to know that their future is in their hands. The ideas and energy of this committed team of next generation employee owners, all dedicated to collaboration, creativity and problem solving, will prove a powerful force for growth, as well as a powerful tool to attract and retain talent. I look forward to seeing our new employee owners maintain their fierce friendships while doing great work that supports the success of our clients.”

Aug 9, 2022, Minehead Medical Centre, transitions to employee ownership via an EOT.  Dr Ford said: ‘Employee-owned trust offers GP practices an alternative, more flexible operational model; offering staff a greater say in how GP practices are run and opportunities for the team to develop their careers by having a greater leadership role, without needing to have the funds to invest as a partner.’

Aug 8, 2022, Metal Finishing, has transitioned to employee ownership via an EOT.  A statement from the founders said: “As a family, we have committed our lives to this company. Now we want to see it continue to provide for our employees’ families for generations to come.”

Aug 5, 2022, JAX Mercantile, transitions to employee ownership via an ESOP.  Jim Quinlan [JAX President] states: “Our company sees all our employees as integral to the success and future of JAX. We believe employee insights and input as ESOP shareholders will help keep our company at the forefront of the changing retail business world and ensure they are full participants in our company’s future.”

Aug 1, 2022, Concepto Clinic, transitions to employee ownership via an EOT.  Co-Owner Flatley added: “At Concepto Diagnostics, we always put our staff and customers first. The transfer of ownership means staff have a vested interest in growing and developing our firm so we stay on top of our game, delivering the best service we can, to all of our customers.”

July 28, Archer Malmo, transitions to employee ownership via an ESOP. Our success has always been driven by the exceptional talent, passion and character of our people. We’re intensely focused on a brilliant future for our agency and putting 100% of the ownership, opportunity and responsibility for that future in the hands of our people,” said Russ Williams, CEO.

July 26, 2022, Accent Landscape, transitions to employee ownership via an ESOP.  “I could have sold my business to a competitor or private equity, but I know what can happen next – the culture changes and people get laid off. I didn’t want that for my employees. They are like family to me, and they helped build the company,” said Cameron Stevens, founder and owner of Accent Landscape Contractors. “A&H offered me a fair market price, did not require me to carry a large seller’s note, cut through all of the red tape, and showed me throughout the process that my workers were going to be able to carry Accent forward. I’d like to express my gratitude to A&H and their investment partners for making this transition to employee ownership possible.”

July 25, 2022, Henderson, transitions to employee ownership via an ESOP.  “Moving to an ESOP company was a natural next step in our firm’s evolution. Our employees are what sets us apart, so we want to empower them all to think and act like owners. As an ESOP, employees on all levels are more engaged and focused on client service because they have a stake in the success of Henderson.”

July 25, BCMS, transitions to employee ownership via an EOT. “We believe this is the first EOT for the Corporate Finance sector, and as the UK’s only employee-owned M&A specialist, it provides another point of distinction in our market, as we seek to build a business that really stands out in our industry.  We believe this new ownership structure will give us a number of advantages over competitors and allow us to connect even more strongly with our entrepreneurial client base. After all, just like our clients, we are all now business owners too.”

July 19, 2022, Bliffert Lumber & Hardware, transitions to employee ownership via an ESOP.  “The sale is a way to reward employees for their contributions to Bliffert Lumber & Hardware’s success and to ensure its long-term vitality,” Bliffert said. “I am a firm believer that we are all in it together. The ESOP is the best way to ensure this.”

July 19, 2022, Hoskins Architects, transitions to employee ownership via an EOT.  A statement from Hoskins Architects added: “The process has been driven by a desire to engender a sense of ownership across our team, rewarding the loyalty and low staff turnover our practice has always enjoyed, and to recognise the positive contribution that every member of our team makes. We have developed a business structure we believe will continue to put purpose and people first, maximising staff engagement and productivity to the benefit of colleagues, clients and consultants alike.

July 18, 2022, Twisted Automotive Group, transitions to employee ownership via an EOT.  Twisted founder Charles Fawcett remains managing director.  He said: “It is with great pride that we enter employee ownership; a venture that recognises both my appreciation of my hardworking team and the importance of their contribution to the company’s success.  “I’m delighted that Twisted has secured its future independence with a focus on its people, by offering them the opportunity to own the business that they have helped to build and empowering their future growth and development for years to come. The business will flourish under their steam because of this.”

July 15, 2022, American Reading Company, transitions to employee ownership via an ESOP.  “I’ve long believed that the best solutions to educational challenges come from those who have been closest to the classroom or have direct experience with the education system,” said founder and CEO Jane Hileman. “ARC is not your traditional business, and the main reason why is the people who work here.  This is a business where a vice principal with skill in logistics became the senior executive in charge of supply chain and a receptionist grew into the role of chief operating officer. It’s a place where teachers, principals, and other colleagues cultivate their talents in new ways to lead every department. Employees who act as stewards of the mission and enterprise in such dedicated ways make the transition to an ESOP all the more worthwhile and necessary.”

July 12, 2022, Minehead Medical Centre, transitions to employee ownership via an EOT.  Ed Ford, the GP who led the development of the employee ownership trust at Minehead Medical Centre, said: “We have a fantastic management team and wider staff team, so partners at the practice felt we should give them more control of the business. We also wanted to ensure that the business structure shouldn’t rely on individuals holding shares that could be difficult to transfer if people wanted to leave, hence the idea of becoming an employee ownership trust.  “EOTs offers GP practices an alternative, more flexible operational model; offering staff a greater say in how GP practices are run and opportunities for the team to develop their careers by having a greater leadership role, without needing to have the funds to invest as a partner.”

July 11, 2022, Fresh-Jet Catering, transitions to employee ownership via an EOT.  John [Founder and Group Managing Director] sought out a succession strategy that secured the future of the business and protected the staff who work in the company’s other locations, while ensuring the continued success and growth of the business.  As such, he has now completed the transfer of his entire shareholding to an Employee Ownership Trust (EOT), who will hold the shares on behalf of the employees.

July 11, 2022, B8 Real Estate, transitions to employee ownership via an EOT.  Speaking on behalf of all three directors, Jon Thorne said: “Having worked hard to establish our brand and track record over the past decade, we wanted to build on our position as a leading independent force in the market. At a time of change and market consolidation, employee ownership offers a way for our business to safeguard its independence and create a growth platform for our team.  “It also recognises the importance of our people. B8RE’s strength lies in our expertise and personal service which in turn relies on the knowledge and commitment of our team. The new structure puts our people at the heart of the business and provides a framework for longer-term growth.”

July 11, 2022, Crawford Architects, transitions to employee ownership via an ESOP.  The decision to move to an employee-owned company follows the celebration of 20 years in business and the restructuring and promotion of leadership positions at Crawford.  “I believe we are operating at our best potential when we are being the most inclusive, open minded to any and all ideas having relevance at concept,” said Doug Osborn, Crawford principal. “I think that the ESOP allows that same principle to be applied to the operations and decision making of the company; everyone will have the opportunity to contribute to the successes of the firm and likewise can be rewarded for their hard work, reliability, and dedication.”

July 8, 2022, Yankee Publishing, transitions to employee ownership via and ESOP.  As a 100% employee-owned company, we are more excited than ever about what the future holds in store for YPI.” Jamie Trowbridge, CEO

July 7, 2022, Napier, transitions to employee ownership via an EOT.   The move is designed to ensure that Napier can remain independent, preserving the culture of the agency and showing clients that the agency is committed to the long term.  “Employee ownership is rapidly becoming the best way to secure the future of independent companies, particularly those in professional services, such as marketing agencies,” said chief executive and managing director Mike Maynard.  “I’m excited about continuing as managing director, and look forward to watching the company grow helped by the many benefits of employee ownership for the Napier team and our clients.”

July 7, 2022, Trident Building Consultancy, transitions to employee ownership via an EOT.  Trevor Dowd, Trident’s MD and one of its founding partners, said: “We have been looking at various options for Trident’s future, looking for one that would benefit all our staff as well as one that secured our long-term success.  “We have put in place a succession plan that will see new generations at Trident continuing to support our existing clients and developing new ones based on our reputation long after myself and others have retired.”  “We think the Employee Ownership Trust is the perfect solution and we are incredibly excited for the next chapter in the Trident story.”

July 6, 2022, Healthcare Management Solutions, transitions to employee ownership via an ESOP.  “Our decision to become an ESOP-owned company is a real benefit and opportunity for eligible employees and for this company, since everyone here now has an ownership stake in our collective future and growth as a business,” said Leah Heimbach, President of HMS.

July 4, 2022, The Great Cornish Food Store, transitions to employee ownership via an EOT.  Founder Ms Huxley said: “The store is in great shape and we have an incredible team, who very much deserve a boost after all the challenges they have handled so admirably over the past two years.  “I’m convinced we can really power ahead now as a purpose-driven company, becoming even more successful while preserving our values and integrity long term.

July 2, 2022, Left Hand Brewing, transitions to employee ownership via an ESOP.  “The idea is to have everyone have a stake in the game, to create long-term employees and have everyone doing our work on a mission from God,” Wallace says, quoting the Blues Brothers. “We have been working on ownership culture for a long time – half of our employees already own stock – so this is just another step. It’s a big step, though.”

June 29, 2022, Owl Barn, transitions to employee ownership via an EOT.  Chris Astridge, founder of Owl Barn, said: “We’re proud to have grown Owl Barn into a thriving business over the last 27 years, and it was important to us to preserve the culture of the business for our employees and customers.”  Hunton added:  “We worked closely with Chris and Elaine to explore options, and a transition to employee ownership was the ideal succession solution for not only the vendors themselves, but the other management of the business and other stakeholders of the company.”

June 29, 2022, Target Components, transitions to employee ownership via an EOT.  Prior Owner Cubbage added: “Selling the company to the employees through the creation of the EOT ensures the stability of the business for the long-term and supports our desire for further growth. This move recognises the value that the Target team have delivered over the years and the pivotal role each individual will play as the business progresses under its new leadership.”

June 29, 2022, Crookes Walker Consulting (CWC), transitions to employee ownership via an EOT.  Explaining how they came to this decision, founders Paul Crookes and Dave Walker, said: “CWC is a knowledge based business, with a reputation for team working and excellence. We are only as good as the people within the practice and we wanted to ensure that with any succession plan, their future was not just secured but enhanced. EOT is the ideal way to achieve both goals whilst helping to attract and retain the best talent in the industry.

June 27, 2022, Apex Plumbing, transitions to employee ownership via an ESOP with the assisance of A&H Capital Partners.  Brian Wilkie, Apex’s original business owner, said, out of the potential offers he received for the company after putting out a marketing plan, A&H approached him with one that he considered “really intriguing.”  Since leaving the business to family wasn’t an option, a concern at the top of his mind was “how would our long-term employees fare in a sale, a transition to an equity buyer.” A&H’s offer “right off the bat struck us as something that might really be beneficial for the employees,” Wilkie said.

June 26, 2022, Denby Campervans, transitions to employee ownership via and EOT.  Ellis [Beswicks Legal Team] added: “The employee ownership model is a very effective means to embody and build on a business’s culture, by allowing employees to benefit in the business’s future success.”

June 24, 2022, Austin Partnership, transitions to employee ownership via an EOT.  Explaining the reason for selling the business to an EOT rather than another company, Howard Austin said: “I love the business I have built here with Austin Partnership and I’m very proud of the team we have and the work we do. When considering how I would eventually exit the business, the idea of selling it to someone else just didn’t work for me. I wanted it to go to people who would safeguard its future and protect the legacy of the hard work we have all invested.

June 23, 2022, Woods Hardwick, transitions to employee ownership via an EOT.  Wilson, who is a director for Woods Hardwick and been with the business for over 30 years, said: “We’re an independent firm and our staff are our most vital asset so it’s a great opportunity to give back and reward everyone’s efforts.  “We’ve got plans to extensively grow the business across our London, Birmingham and Bedford offices and moving over to an employee-owned business will give us the chance to attract the best employees and talent across the UK.

June 22, 2022, Manhattan Mechanical, transitions to employee ownership via an ESOP.   “Our team’s hard work and dedication made this transfer of ownership the obvious decision,” explains President Joe Harkness. “Our company’s success is reflected in its commitment to safety and high-quality work. Now our employees are officially owners of Manhattan Mechanical.”  According to Harkness, with safety and people as core values of the company, the integrity of the employees at all levels remains unmatched, creating a vested interest in the success of Manhattan Mechanical.  “Our goal is to increase shareholder value,” explains Harkness, “With ESOP, every employee is an owner, which presents the opportunity for wealth creation and results in an increased price of ownership.”

June 17, 2022, Gilbert Thompson (Leeds), transitions to employee ownership via an EOT.  Daniel and Richard Thomson, joint managing directors at Gilbert Thompson, said: “It’s such a proud moment to be able to hand over Gilbert Thompson. Transferring ownership into our amazing team’s hands ensures our culture and values live on, which was one of the most important factors to us in considering any next chapter for the company.  “We firmly believe this next chapter as an employee-owned business is just reward for the hard work and talent of our brilliant team. Becoming employee-owned is about maintaining and building on our unique family culture. Creating a great place to work is fundamental to our business principles, and we’re excited about the next stage of Gilbert Thompson’s journey.”

June 17, 2022, Evolve Family Law, transitions to employee ownership via an EOT.  Robin Charrot, founding director at Evolve Family Law, said: “Over the past seven years, we’ve grown the firm sustainably while bringing new people into the fold to share in our success. Our priority has always been looking after our clients and co-workers rather than maximising profit, and that sentiment has been at the core of our decision to become an employee-owned business, which will provide a platform for everyone to contribute and benefit as Evolve grows in the future.  “Louise and I could have sold the firm to an outside party, but we decided that this would not provide the best outcome for our clients or our staff. We have no plans to step away from the business, so we’re looking forward to helping Evolve prosper under employee ownership while we continue to support clients with transparent, trusted advice for years to come.”

June 16, 2022, Edible Beats, transitions to employee ownership via an ESOP.  Chef/Owner Justin Cucci  shared “I believe that Edible Beats becoming a 100% ESOP was the embodiment of a win-win for the employees as well as for myself and my family. It’s a powerful succession plan that provides opportunities for the employees and leaders on this communal journey—putting them in the front seat.”

June 15, 2022, IMMI, transitions to employee ownership via an ESOP.  “It’s our incredible people and culture that has helped drive our value and growth,” said Tom Anthony, IMMI chairman of the board. “To honor our team, this was the only logical choice. This is an exciting way to reward our team members for their innovation, hard work, and dedication. They have always owned it, and now it’s official.”

June 14, 2022, TaxAssist Accountants, transitions to employee ownership via an EOT.  Mr Forrester, managing director, said: “Employee ownership is becoming increasingly popular in the professional services sector. We are delighted to be taking the leap and creating a sustainable business which will continue to provide a rewarding place of work and an outstanding service to clients.  “Our people are at the heart of the business we’ve nurtured and grown over 15 years and we’re passionate about continuing to motivate, drive and energise our talented team.”

June 14, 2022, Selectaglaze, transitions to employee ownership via an EOT.  Keith Mercer, managing director of Selectaglaze, added: “Working at Selectaglaze, I have been proud of the fact that we collectively have always been able to sustain a good quality of life for all employees and their families, that we provide a safe place for everyone to develop and reach their full potential.  “This change to an EOT means that we have not only created a sustainable business but one that is socially responsible, and that can continue to support employees.”

June 13, 2022, The Executive Shaving Company, transitions to employee ownership via an EOT.  Mr Mulreany said: “My fellow director Shona and I were retiring and wanted to ensure that the business not only remained in Scotland, but also that the jobs of our loyal employees were protected. We heard about employee ownership from a business contact and it seemed like a perfect fit for our company culture, as well as anchoring the company in its home city of Glasgow.

June 13, 2022. A&F Sprinklers, transitions to employee ownership via an EOT.  Mark Stansfield said: “It’s such a proud moment to be able to hand over ownership of A&F Sprinklers. Transferring ownership into our team’s hands ensures our culture and values live on, which was one of the most important factors to us in considering any next chapter for the company.”  He added: “We firmly believe this next chapter as an employee-owned business is just a reward for the hard work and talent of our brilliant team. Becoming employee-owned is about maintaining and building on our unique culture. Creating a great place to work is fundamental to our business principles, and we’re excited about the next stage of A&F Sprinklers’ journey.”

June 13, 2022, Smith & Anderson, transitions to employee ownership via an ESOP.   “We believe it takes both investment ownership and work contribution to make a company successful,” says managing principal Kevin Farbridge, “and ownership can and, ideally, should be available for all. The ESOP will be a foundation for individual career success, team building and collective prosperity.”  “The launch of the ESOP felt like another natural step for our company,” says principal Douglas Smith. “Our work ethic, which began with my father when he started the firm, is still what keeps us moving forward.”

June 13, 2022, Carlton Bingo, transitions to employee ownership via an EOT. George Carter said: “It might sound like a cliché but we are very much like a family business here. The sale to an EOT fitted exactly with what we wanted. We have to wait a few years to realise our full value, but we judged that to be a risk worth taking to preserve all that’s good about Carlton for our customers and our staff.  A management buyout was a real possibility – our management team are hugely respected within the business – but that really only defers the problem of succession. By transferring the shareholding to an EOT, the future of Carlton Bingo is secure for our loyal staff and customers.”

June 8, 2022, GTC, transitions to employee ownership via an ESOP.  “The company’s founders started with the idea that providing clients with our commitment to exceptional quality and personal service is the key to success and that philosophy still drives our work ethic to this day,” the company said in a statement.  “Employee ownership complements our core values and focus on providing the best contracting services to our customers. Now that they are owners, GTC employees will share in our company’s financial and operational successes,” said Todd Schroeder, president of GTC

June 1, 2022, Absher Construction, transitions to employee ownership via an ESOP.  In a statement, CEO Dan Absher said, “When he reached the end of his career, my grandfather, company founder Barney Absher, passed the company to his son Tom and his top employee at the time, Clark Helle Sr. For more than five decades, the company was owned by our two families, the Abshers and the Helles. “As we engaged in succession planning over the past several years, deciding to transition to an employee-owned company aligned with our company culture and values, and deepens our commitment to our team members who are responsible for the success of our projects throughout the region.”

June 1, 2022, Potter Raper Ltd, transitions to employee ownership via an EOT.  The move to an EOT was made by the directors to secure the continued expansion of the company, maintaining its ethos and rewarding its employees, while ensuring quality of service for their clients.

June 1, 2022, Banning Engineering, transitions to employee ownership via an ESOP.

May 26, 2022, Karmak, transitions to 100% employee ownership via an ESOP.“Keeping the business in Carlinville and providing stable, technical employment for local people has always been a top priority for our family,” says Richard Schien. “We’re really proud to provide our community with the opportunity for growth, and this will continue even in my retirement.”

May 25, 2022, CDY Ceilings and Partitions, transitions to employee ownership via an EOT.  Chris Robinson advised on the transfer, including the creation of the trust.  He said: “EOTs are providing an attractive way for entrepreneurs to get value for their company whilst at the same time benefitting and protecting the workforce.

My 23, 2022, Handy Brand, transitions to employee ownership via an EOT.  Founder Martyn Kilford shared “Without our excellent team members and loyal customers, Handy Brand’s success would be nowhere near what it is today. That’s why I decided to set up the Employee Ownership Trust scheme, to show my huge appreciation for their unwavering professionalism and empower their future development for many years to come.”

May 10, 2022, LHI Group, transitions to employee ownership via an EOT.  “Having looked at both trade and private equity options, we were ultimately most attracted to the EOT structure, which means we will continue as an employee-owned business. Tom Glanfield was incredibly generous to previously allocate half the equity in the company to over a 100 option holders and now the EOT structure allows us to expand on this ethos.”

May 6, 2022, Lyon Equipment, transitions to employee ownership via an EOT. “We have always been fiercely independent, and plan to remain so,” said a statement. “After becoming a limited company we sought to keep our independence by developing an internal market for our shares, keeping ownership 100% in the hands of employees.  “However, in recent years we came to the realisation that the majority shareholders were ageing rapidly and likely to leave within a short time frame so our plan would simply not continue to work. What to do? Selling the company was ruled out, so we decided to enhance our employee-owned status by vesting ownership of Lyon Equipment into an Employee Ownership Trust.

May 3, 2022, North American Arms, transitions to employee ownership via an ESOP.  Chisholm [president and owner] stated – The approach provides a retirement vehicle for the loyal team there, as well as incentivizing them as owners who directly benefit from any quality and productivity improvements they deliver. “While bittersweet in some respects, I couldn’t be more pleased with the promise of this transition, both for my appreciated and valued employees, as well as for our customers,” Chisholm said. Another priority in the transition was maintaining NAA’s independence and the jobs it provides in Provo, UT. “I’ve had several unsolicited ‘expressions of interest’ from other manufacturers in the firearms industry,” he added. “NAA dominates its small niche for concealed-carry firearms and enjoys an over-sized brand and reputation for quality and customer service that would burnish any other manufacturer’s reputation. Unfortunately, that would almost certainly lead to a relocation of this business and the loss of jobs for all those who I want to protect and reward. This route assures that stability.”

May 1, 2022, Educ8 Training Group, transitions to employee ownership via an EOT.  Colin Tucker, Chairman of Educ8 Training said, “Since setting up the business it has always been important to have community at the heart of Educ8. Setting up this trust in favour of our employees means we can truly say Educ8 is embedded into our local communities. It will create true value and wealth for those that have contributed to its success.

April 25, 2022, Nixon, transitions to employee ownership via an EOT. Speaking about his decision to transfer ownership, Nixon said: “Nixon’s team has always been one of its leading strengths, and what really sets us apart. Thinking about the future, as we reach the incredible milestone of 30 years, I wanted the company to pass into the hands of those people who’ll truly value what we’ve achieved, and think of new and innovative ways to continue our success. “I couldn’t be prouder of what we’ve collectively created, and I know the company is in safe hands with its biggest supporters. I’m excited to see what the next 30 years have in store.”

April 18, 2022, Erickson’s Flooring and Supply Co., transitions to employee ownership via an ESOP.  There are no changes to management, employees, or company operations. The ESOP gives our employee owners an equity interest which provides a long-term incentive to provide our customers exceptional value. Our customers should know that they are buying from local owners like themselves. Now we can proudly say, “We care more because we own the place.”

April 17, 2022, Miquelina Facility, a Columbian clothing factory transitions to employee ownership via an EOT.  Miquelina was established by Sister Esther Castana Meija, Mother Superior of a religious order.  The facility provided opportunity to women trapped in prostitution and exploitative situations. With advancing age – Brown is 67 and Madre Esther is 93 – the pair looked for ways of ensuring the principles of the business could continue and an EOT was set up on 1 February, effectively passing ownership of the company to its employees. The spokesperson said: “Since Miquelina was set up for the benefit of its employees in the first place, it was logical that Miquelina and Páramo should combine.

April 14, 2022, Applewood Seed Co, transitions to employee ownership via an ESOP.  “Our employee-owners are the future of our company and Applewood Seed is continuing to invest in that future together,” said Gene Milstein. “The growth of our company is driven by the empowering, collaborative, and engaging culture of our team members, who provide excellent customer service throughout Applewood Seed’s sales process. Being an ESOP company provides our team members with the keys to ownership ensuring a successful future for the company.”

April 12, 2022, Robertson Bell, transitions to employee ownership via an EOT. Founder Stuart Bell said: “Having spent 15 years building a business, one that is continually evolving and adapting to the ever-changing needs of the organisations it helps, the time has come to transfer ownership to the those who have made Robertson Bell the success it has been – its people.   “Through an EOT we can empower staff with the knowledge that they will be the ones to benefit as the company continues to flourish.  He added: “This organisation hasn’t been built by experienced people; it has been built brick by brick by people starting as trainees. With that has come deep-rooted values of being down to earth and I am conscious of protecting this grounding, culture, and emphasis on our people.”

April 11, 2022, Melin Tregwynt Wollen Mill, transitions to employee ownership via an EOT. This will preserve traditional skills and the knowledge gathered over a century or more, since the company was founded.  “Amanda and I inherited the business and have grown it substantially over the last 35 years but now we want to take a step back,” said Eifion.  “It was important for us that Melin Tregwynt remained a viable business and part of its local community, and employee ownership provided the perfect solution for us.  “Most importantly the 42 strong workforce will keep their jobs and skills and knowledge will be remain here and be kept alive. “I am proud to be passing on the company to the new employee board who I know will take the business to new levels of growth.”

April 11, 2022, KM Packaging, transitions to employee ownership via an EOT.  Charles Smithson, Managing Director, said: “KM is a proudly independent company and has achieved significant growth in both domestic and export markets. The EOT is a natural transition as it builds on the company’s values of Trust, Ownership, Passion, and Innovation that have been established over the last 38 years.  “The company’s employees are passionate about the business and its values. They are the people who should reap the future rewards for their hard work and dedication.”

April 4, 2022, TNEI, transitions to employee ownership via an EOT.  TNEI CEO Nigel Tate stated,  “Completing this transfer of ownership, with the support of HSBC UK, is an important step for the business.  “Our employees are at the heart of our success and their talent is a significant differentiating factor for our customers. I look forward to driving continued growth into the future.”

April 4, 2022, IFSE Group, transitions to employee ownership via an EOT. Group MD Andrew Fordyce commented: “A company is so much more than one person, and after more than 35 years of entrepreneurship I looked carefully at how I could create a lasting legacy for all my colleagues going forward. Establishing an Employee Ownership Trust and transferring the company ownership to be shared among everyone that works for us seems a perfect solution.  “For our customers, it is business as usual. I am remaining in post and the existing management team and staff will continue to work in the business as normal. We know that the prospect of new staff automatically taking a part share in the business will be a real help in securing the best talent in the industry moving forward.”

April 4, 2022, Broadriver Group, transitions to employee ownership via an EOT.  David Harvey, the managing director of Broadriver, said: “Protecting the values and integrity of the company was paramount when the shareholders were considering succession options. Employee Ownership offers the best chance to do that for all employees across the group.  “The current directors will stay with the business and whilst the day-to-ay operations are unlikely to change, I strongly believe that by sharing the financial success of the business, we will motivate our staff further, helping them to play their part in building an even brighter future for the business and themselves.”

April 4, 2022, Quod, transitions to employee ownership via an EOT.  Tom Dobson, the new managing director, said: “Becoming employee-owned has formalised Quod’s long-held belief that the success of the company comes from having a great, positively engaged team, where everyone is personally invested and plays their part to ensure we deliver only the highest quality advice.”  He said he also believes that by remaining independent, the company will be be able to retain its culture and reputation, adding: “As a people-focused business, the employee ownership model will provide long-term stability for all colleagues, and ensure we continue to serve our clients with genuine independence.”

March 31, 2022, Vox Pops International, transitions to employee ownership via an EOT. Vox Pops International said it had been looking for ways to secure its long-term future while also ensuring people who work for the company benefit. Diane Earnshaw, founder of Vox Pops International, said: “We are really excited about our move to becoming an employee-owned company.  “We have a fantastic team here and I’m so pleased that they will be able to share in the current and future success of the business.”

March 30, 2022, Metro Walls, transitions to employee ownership via an ESOP.  “This transition is extremely exciting for Metro Walls, and we are thrilled to offer this new benefit to our employees,” said Hussey. “Becoming 100 percent employee-owned rewards our amazing team, keeps them invested and engaged, assists with attracting top talent and allows us to continue our growth and success well into the future.”

March 30, 2022, Caley, transitions to employee ownership via an EOT.   He [Donald John] said: “An EOT was a less intrusive option and we did not have to share sensitive information with prospective purchasers, the timing has been controlled to suit the business, and it also avoided the risk of unsettling our staff who may have picked up that the business was for sale.”  “We value the relationships we have built with our customers, their loyalty and support are what’s made Caley Timber the very successful business it has become, and an EOT means business simply continues as is. I am confident our customers will notice absolutely no difference at all to the quality of service.”

March 24, 2022, Milk and Honey, transitions to employee ownership via an EOT.  This change puts power into the hands of team, giving them the controlling interest in the business, says Lizzie Elkin, EOT president and senior client executive at Milk and Honey.

March 23, 2022, Symbiont Service Corp, transitions to employee ownership via an ESOP. No other family members expressed interest in taking over the company. She could try to sell the business — but she wasn’t sure that was the right solution.  “I was concerned about selling to a third-party person who didn’t really know our culture and our people, and who would come in and start changing things around,” says King, who’s worked at the company since 1996. “I recognized that the strength of the company is its employees, and I wanted to do right by them. I didn’t want to have a succession plan that only took care of me. I wanted it to be symbiotic and take care of the employees too.”

March 22, 2022, Natare, transitions to employee ownership via an ESOP.  Michael Walsh, who founded and has owned the company opted to transfer the company’s ownership to its employees rather than selling to another entity. Walsh said it was important to preserve the Natare culture and reward its employees who have helped grow the company into what it is today.

March 22, 2022, Engage Technical Solutions, transitions to employee ownership via an EOT.  Engage Technical Solutions chief executive David Gagen said: “We are delighted to have worked with Womble Bond Dickinson to make the employee ownership trust a reality. We couldn’t have done it without the advice, support and technical expertise of the WBD team.”

March 17, 2021 FSSI, transitions to employee ownership via an ESOP.  Our employees are trusted and valued team members and we want them to benefit beyond their wages as they work together to help grow FSSI,” said Founder Jon Dietz. “By creating an ESOP, our employees get an opportunity to own a piece of the business that they have contributed to through their hard work and loyalty.”

March 17, 2022, Esteem Training, transitions to employee ownership via and EOT.  Martina Höfner, Esteem Training’s operations director said: “Ethical business practice, celebrating diversity and nurturing talent to create opportunity lies at the heart of everything that we do. Research has shown that a combination of shared ownership and employee participation results in a business that is more engaged, productive, innovative and sustainable. We’re therefore delighted to make this important move to employee ownership to reward our outstanding team, ensuring that the future direction and ownership of the business remains in their capable hands.”

March 16, 2022, Universal Screen Arts, transitions to employee ownership via an ESOP. CEO and President, Matthew Bender, stated “Our founder and majority owner, Jared Florian, wanted to ensure the legacy of Universal Screen Arts. He and the leadership team wanted an ownership succession that maintained our company culture, our leadership team, our employees, our physical presence in our current locations, and provided the biggest wealth sharing opportunity to all our dedicated employees. An ESOP was the only solution that checked all these boxes. We are extremely excited about this next phase for Universal Screen Arts and look forward to sharing our future success with all of our new employee owners.”

March 16, 2022, British Rema, transitions to employee ownership via an EOT.  John Camern, said: ‘British Rema intend to stay put and grow from their current base. The new ownership structure makes it an attractive option for new staff and highly motivational for existing staff. We have also announced the introduction of a profit-related bonus scheme which will see staff immediately share in the company’s financial success.’

March 12, 2022, Tri-M Group, transitions to employee ownership via an ESOP.  “This is an extremely important moment in our company’s history,” said Bauguess. “We’ve always placed our employees first, and this transition will be a natural progression for us. The ESOP demonstrates our commitment to our team and allows them to take part in our future success.”

March 11, 2022, Kilmac, transitions to employee ownership via an EOT.  Founder Athole, 53, said: “We have to look to the future and by creating an EOT, Kilmac will be in the safe hands of our excellent senior management team. It’s good news for Tayside, with the vast majority of our staff living in Dundee, Perthshire and Fife, and it ensures the company will continue to provide stability for our customers and job security for our employees.”

March 8, 2022, Nelson-Rudie & Associates, transitions to employee ownership via an ESOP.  For Nelson-Rudie president Michael Woehrle, PE, P.Eng., this transition ensures the legacy and longevity of the 46-year-old company. “Our employees are our greatest assets. We are proud to name them employee-owners and excited to continue the management expansion by appointing four new principals to the company,” said Woehrle.

March 7, 2022, Alan Steel Asset Management, transitions to employee ownership via an EOT.  Mrs Steel added: “ASAM is a close knit group and we have a number of families working within the company, and so adopting employee ownership felt like a logical step for the business, and Alan recognised this from the beginning. “Employee ownership will provide stability for all associated with ASAM. Alan worked on five principles when he started the company: Knowledge, integrity, innovation, fairness and fun. These were fundamental to the way he operated and the legacy he was determined to leave at ASAM, and this succession model is the best way to secure these principles and his legacy.”

March 4, 2022, Pro-Networks, transitions to employee ownership via an EOT. Chief executive, Geoff Coote, said: “A great deal of effort and planning went into structuring this deal with the interests of customers and employees as the absolute priority.  “By gifting his shares in Pro-Networks to the EOT for the ultimate benefit of our employees, Paul has ensured his positive and long lasting legacy.  “Each and every one of our valued employees has a genuinely vested interest in continuing to serve our customers to the very best of their ability. We are very excited for what lies ahead for us as a business following this change in structure.”

March 3, 2022, Craggs and Moorland Fuels, transition to employee ownership via an EOT.  Group chairman Chris Bingham, said: “I’ve been considering the option of employee ownership for quite some time and when we looked into the benefits and alternatives available to us, an EOT was the obvious choice as it allows the existing shareholders to plan their exit over a longer term while transferring the benefits to the employees. “As successful and ever-growing businesses, we could have sold to a third party, however, I place great value on my team and wanted to be able to reward the people who have grown the businesses to where they are today.

March 3, 2022, Dale Medical Products, transitions to employee ownership via an ESOP.  Bob Simpson, the new President and Chief Executive Officer of Dale comments “As an employee-owned company, we will preserve the Dale legacy of providing highly trusted medical products to help caregivers and patients worldwide. Our employees have always taken extraordinary pride in the positive impact we have on patient care, and now they can benefit further as stakeholders in our company.

March 3, 2022, i2C Architects, transitions to employee ownership via an ESOP.   i2C Co-Founder, Anthony Merlin, says the plan has been created in order to enhance the culture of the practice and to ensure strong design talent is recruited and retained.  “The plan aims to retain our strong existing talent while offering unprecedented opportunities; we look forward to providing our senior associates with a pathway to business ownership that they may not otherwise get in other companies,” he says.  “We truly value our team, and we want them to find value too, have a sense of ownership and become more aware of the business’ performance. Additionally, we are confident we will also be able to attract strong talent within the industry once we have built up further equity in the trust, as a result of this unique offering.”

Feb 28, 2022, TCW, transitions to employee ownership via an ESOP.  “The Employee Stock Ownership Plan provides continuity and stability for our TCW Family, our suppliers and our customers. I have always wanted TCW to thrive for many generations beyond me and to reward those who have helped build it the last 74 years and counting,” George states.

Feb 28, 2022, Fitzgerald Contractors, transitions to employee ownership via an EOT. Coley said: “We consider that an employee-ownership trust model is ideally suited to Fitzgerald’s philosophy and the thinking behind employee ownership has businesses exactly like ours in mind.  “This is a very exciting stage in the company’s history and safeguards Fitzgerald’s future for the benefit of all employees.”

Feb 21, 2022, Benard Sims Associates, transitions to employee ownership via an EOT.  Bernie Sims, MD commented “Having been at the forefront of the company for the last 26 years, myself and Jackie wanted to understand the options available for the succession of the business. After being introduced to Employee Ownership Trusts and understanding their suitability for our business and our employees, it seemed natural for this to be the next step for us. This transition marks a commitment from all of us at Bernard Sims Associates to capitalise on some of the fantastic growth opportunities for our business and continue delivering value to our clients. We would like to thank Simon and the team at Price Bailey for their support and advice throughout this process.”

Feb 17, 2022, Gliderol, transitions to employee ownership via an EOT. Managing director Roy Sinclair said: “The establishment of employee ownership through the Employee Ownership Trust at Gliderol will provide continued job security for all staff.  “It will also enable the employees to effectively have collective control of their future to continue to deliver our market leading products and service.”  He added: “Employee ownership makes us less vulnerable to acquisition and therefore any interruption to the supply of our customers’ products.  “It is also securing the future of the business, including its ethos, values and employees, while rooting itself for the longer term to the benefit of the customers which it serves. It’s a win-win all round.”

Feb 17, 2022, SSQ, transitions to employee ownership via an EOT. Jonathan Field, joint group chief executive at SSQ, said the move was “the right outcome for our employee colleagues, SSQ’s ongoing management team and our selling shareholders”.  Howes added: “This is a fantastic outcome for the team at SSQ and creates an organisation with a new structure that can effectively drive employee engagement and business performance going forward.  “We’re seeing more and more business owners appreciating the benefits of the employee ownership model, which offers an increasingly attractive succession route and far less disruptive than other exit options.”

Feb 15, 2022, Columbus Chemical Industries, Columbus Chemical Industries transitions to employee ownership via an ESOP.  After nearly 44 years in business, Columbus Chemical Industries (CCI) has transitioned to a 100% ESOP (Employee Stock Ownership Plan) owned company. In an announcement made on January 27, 2022, company founder, Richard Sheard outlined how important it was that the CCI employees who helped grow a strong, prosperous company should share in its ownership into the future.

Feb 14, 2022, Jephsons, Jephsons transitions to employee ownership via an EOT.   “Jephson has always cared about the company and the local community. This next stage of the business life cycle demonstrates that the owners care about the company and staff, with Ian Jephsons still around to offer the support of a sounding board when needed. “It’s allowed the family business to continue the Jephsons story, keep pushing forward, and grow it to become more successful than ever has been.”

Feb 11, 2022, Terence O’Rourke, Terence O’Rourke transitions to employee ownership via an EOT.  After 36 years in private ownership, Terence O’Rourke Ltd has established an employee-owned trust with the aim of securing a more sustainable succession strategy and removing financial barriers to future leadership.  Chairman Tim Hancock said: “The establishment of the EOT will provide comfort to clients regarding the long-term independence of TOR whilst enabling employees to have collective control of their future, benefitting directly from the company’s success.”

Feb 10, 2022, Future Care, Future Care transitions to employee ownership via an ESOP. MyFuture was designed specifically for the employees of Future Care. Brenton Eisenreich added, “This is an extraordinary moment for us all. We did this so that as our employees continue to work hard to make Future Care successful, they’ll reap the benefits of that success.  “It took the hard work of many to get to where we are today, and we decided it was our time to give back, so we chose to give back in a way that sets our employees up with a meaningful financial opportunity”

Feb 10, 2022, Orbis Partners, Orbis Partners transitions to employee ownership via an EOT. [Founder] Grenfell said: “We have always been focused on our people and creating opportunities for the talent within our team to flourish and receive the right recognition and financial rewards.  “We are proud of the team and the culture we have created, and in a people driven business feel that this is better developed under a wider ownership structure.”

Feb 8, 2022, Pizza Shuttle, Pizza Shuttle transitions to employee ownership. The owners sold the pizzeria to a parent company that gives 80 percent of the business back to the employees.  “We’ve always had employees here a long time. I think the average person has been here about seven years,” said one of the founders, Mark Gold.  The company has about 80 employees at all times. “We wanted to make sure all of the employees received something,” said Gold.

Feb 2, 2022 Nikwax and Paramo, Nikwax and Paramo transition to employee ownership via an EOT.  Discussing the transition, [founder]  Mr Brown commented: “By passing on the business to the employees, I feel that I am not only looking after them, but also looking after the interests of our loyal customers. Outdoor people have come to have high expectations of Nikwax, at many levels, and I would not want them to be disappointed. So many companies end up being aggressively taken over and broken up and lose their soul. This is our best shot at avoiding that and continuing the guiding principles.”

Feb 2, 2022, Newhall Publishing, Newhall Publishing transitions to 100% employee ownership via an EOT.  [Chairman] Douglas said: “Preserving the long-held cultural values of the business was paramount to me and after 40 years in the business it was obvious that employee ownership was a natural progression. “My goal of creating a sustainable future for the business, and indeed an exciting succession, has been achieved. And as Newhall celebrates 60 years in business, now is the time to stand back and let others lead the team.

Feb 1, 2022, Kidzcare, Kidzcare transitions to employee ownership via establishment of an EOT.  “The staff at Kidzcare have supported me [Anne-Marie Dunn Co-Founder] throughout this journey and I couldn’t reconcile myself to the idea of passing it on to anyone else.  “As I looked to withdraw from the business, I wanted to find an option that rewarded and empowered the staff into the future. As soon as I heard about employee ownership, I was instantly convinced that this was the vehicle to make it happen.”

Jan 26, 2022 Imtra, Imtra transitions to employee ownership through establishment of an Employee Stock Ownership Plan.  Imtra has always been a company with a focus on employee satisfaction and personal growth,” Braitmayer said in a statement. “Passing ownership along to our (employee) team is an honor and very much in line with our company’s core values. We believe that transferring ownership to those who’ve been instrumental in building this company is a great way of rewarding their efforts and keeping them a part of building the future of Imtra.”

Jan 25, 2022, Schebler Company, Schebler Co, transitions to employee ownership through establishment of an Employee Stock Ownership Plan.  The Schebler Company employees will significantly benefit from their ownership via continued job security, the addition of a substantial retirement wealth benefit and a planned transition of the business’s investors and Board of Directors. The transition to employee ownership is also a win for customers, who are ensured continued access to Schebler’s unparalleled products and services, plus strong customer support from highly motivated employees.

Jan 24, 2022, GreyHawk, Greyhawk transitions to employee ownership through establishment of an Employee Stock Ownership Plan. “GREYHAWK leadership saw restructuring into an ESOP as the best option to allow for increased ownership among all of our employees, while ensuring that our succession planning can take place from within the organization,” explained Kerins. “GREYHAWK will continue to deliver the same high level of construction services, and now every HAWK has a vested interest in our success.”

Jan 21, 2022, GuitarGuitar, GuitarGuitar has transitioned to employee ownership through establishment of an EOT.  “We’ve spent the last 20 years building a brand that we are wholeheartedly passionate about,” said Bell [GuitarGuitar Co-Founder]. “We wanted to ensure the business means something to future owners when our time comes to take a step back.” “Not only did we want to reward staff for their efforts at the company but we also wanted to ensure our customers will always be front and centre,” he said. “Every experience a customer has at GuitarGuitar will now be with someone who is invested in and committed to delivering outstanding service to musicians.”

Jan 21, 2022, The Family Law Group, The Family Law Group transitions to employee ownership through establishment of an EOT.  Director Simon Leach said: “I am delighted that we have been able to finalise the transfer of ownership of this firm to the most important people within it, its highly talented staff. “This move is about empowering our lawyers to take ownership of the firm in respect of its direction and commitment to our core values and purpose.  “They will now have a greater input in to the day to day running of the firm, and the decisions that are made as we grow.

Jan 20, 2022., Lightspeed, Lightspeed transitions  to employee ownership through establishment of an ESOP.  “We take pride in ownership, which starts with ensuring educators are satisfied with our products and service,” said David Solomon, CEO at Lightspeed. “This transition has been part of a long-term strategy going back to Lightspeed’s founders and our core values and mission. We’re in it for the long run with our customers and employees.” “For more than a decade, our board has looked to provide all investors–many of whom were with us from the beginning–a strong liquidity exit and to fulfill our founder’s goal of becoming 100% employee owned,” said Dan Meub, Chairman of the Lightspeed Board of Directors. “We were able to provide strong returns for all investors and become completely employee owned, while preserving a healthy balance sheet for future growth. This will help preserve Lightspeed’s special culture and legacy for decades to come.”

Jan 14, 2022, Formative Content, Formative Content transitions to employee ownership via an EOT.  Flashman explained that the organisation is “really proud” of what it has achieved over the past seven years, growing to a team of nearly 80 people.  “We’ve always aimed to be a people-focused business and our success is down to all of our team members. Employee ownership is therefore a natural progression for us, ensuring that the future of the company remains firmly in the hands of the people who share our values and vision of the future,” she said.

Jan 14, 2022, Safeway Stores, Safeway transitions to employee ownership via an ESOP.  Scott Weaver, owner of SAW Capital, Safeway’s parent company, announced Thursday the creation of SAW Ventures Inc. as a new ESOP, or employee stock ownership plan, establishing a trust that will distribute yearly profit-related bonuses to more than 150 employees.  “I felt the time was right,” Weaver said of yielding ownership. “I wanted to figure out a way to reward my employees who helped me achieve my success.” “I thought the best way to reward my management team and my employees,” Weaver said, “was to give them what everybody really thinks and dreams about, I think, in their lifetime: Wouldn’t it be great if I owned a company?”

Jan 13, 2022, Ison Harrison, Ison Harrison transitions to 100% employee ownership through establishment of an EOT.  Jonathan Wearing, who is managing director of Ison Harrison, said employee ownership was “by far the most palatable” option the trio considered, partly because it did not involve taking on debt.  When they were considering succession planning, Mr Wearing said the directors also looked at a management buy-out, merger or sale.  All of these options would have involved third parties. The first two would also have involved banks and debt, and the third one a “culture change, not a culture enhancement”.

Jan 12, 2022, Hughston Homes, Hughston Homes transitions to 100% employee ownership through an ESOP.  “Since Hughston Homes’ formation in 1972, the company’s philosophy has been to empower its employees to treat the company as if it were their personal franchise, to build the best possible home, and to provide a first-class homeownership experience to our Hughston Homes Family. I am extremely pleased that after nearly half a century, Edgar’s passionate work has turned his dream into a reality. Our hard-working employees now have an opportunity to accumulate financial well-being not only through compensation but now through our ESOP as well. Equally, our buyers can now have an increased level of assurance that Hughston homes will be here for their new home needs well into the future. Congratulations to all!” said Eubanks.

Jan 11, 2022, Radix Communications, Radix Communications transitions to employee ownership through establishment of an EOT. [Director] Reynolds said: “As Radix continued to grow, it became obvious that our hardworking people deserved to benefit more directly from their success. We’re one team, and this new structure feels like a good reflection of that. Now we’re ready for the next step of the journey.

Jan 7, 2022, Vantage LED, transitions to employee ownership via an ESOP.  “These changes will serve to usher in the next phase of growth for us,” explained Mr. Ma, “We are setting the stage for expansion in many ways like acquiring other great companies, hiring new talent to join the family and of course our new CEO and ESOP. Without the dedicated people at Vantage, we couldn’t make this happen and I couldn’t be more proud.”

Jan 6, 2022, Consumers Pipe & Supply Co, transitions to employee ownership via an ESOP. Michael Abeling, President & CEO stated, “Each employee of Consumers Pipe & Supply Co. is a trusted team member. 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. We also want our hard-working and loyal employees to benefit beyond their wages alone if they continue to help grow their company. Together we strive to be more efficient, safe and responsive to our customers’ needs.”   Abeling decided to implement this plan because he felt it was the best and most sustainable path forward for the employees and managers of the company in a manner that protects the legacy his family has built. “Legacy was a critical factor in selecting this transition, but equally as important was ensuring that anything we did as owners would also help the employees succeed.”

Jan 6, 2022, Birkey’s Farm Store, Birkey’s Farm Store transitions to 100% Employee Ownership via an ESOP.  “Our employees are the reason for our success and creating the ESOP will recognize and reward them for their efforts going forward,” said Mike Hedge, Birkey’s President and CEO. “Being employee-owned allows us to preserve our culture for many years in the future, and provides us a way to move forward seamlessly and achieve our goals, while preserving the service our customers have come to expect.”

Jan 6, 2022, Bardenay, Bardenay transitions to employee ownership via an ESOP.   Settles says the company has many long-term employees. The first Bardenay Restaurant and Distillery opened on Boise’s Basque Block in 1999. In the years since the company added locations in Eagle and Coeur d’Alene and branched out with a new brand — Coyne’s in Eagle in 2021.  The ESOP model allows Settles, 63, and his wife the ability to plan for the future as they move toward retirement.  “We had two goals. One was to leave a company that is happy, healthy, and ready to grow. And B to help longtime employees with their retirements.”

Jan 5, 2022, Hot Frog Print Media, Hot Frog Print Media transitions to employee ownership via establishment of an ESOP.  “We have a fantastic team of professionals serving the greater PA area from our Mechanicsburg location; they truly deserve the blessing of becoming owners of the company. I’m so proud of them,” Jim Geedy, who purchased the company in 2010 said in a joint news release with the Mechanicsburg Chamber of Commerce.

Jan 5, 2022, The Rhoads Energy Family of Companies, The Rhoads Energy Family of Companies transitions to employee ownership via an ESOP. “Since the very beginning, our company has focused on nurturing our connections with the community,” Company Rhoads Energy CEO MIke DeBerdine said in a news release. “The ESOP is a game changer because it rewards employees directly for our success, and because it spreads ownership to the people who live and raise families in the region we serve.”

Jan 5, 2022, Providence Engineering, Providence Engineering transitions to employee ownership via establishment of an ESOP.  “This is a real win-win for us,” Providence employee, Brett Smith said in a news release. “We have a 401(k). Now we add an ESOP. I’m looking forward to what’s next for Providence.”

Jan 4, 2022, Bull Moose, Bull Moose transitions to employee ownership.  “As we’ve grown over the decades, it’s always been a collaborative effort. Our team is local, loyal and hardworking, and together we’ve built one of Northern New England’s greatest brands from the ground up. I’m very proud of what we’ve accomplished,” he [Founder and owner Brett Wickard] said in the news release. “Maintaining local ownership will continue Bull Moose’s mission to connect, inspire, and entertain folks with our inexpensive, fun, collectible stuff.”

Jan 10, 2022 Kitsbow, Kitsbow transitions to employee ownership via an ESOP.  “When the opportunity to buy the brand and all of its assets became available, the employee leadership was unanimous in doing so as a public benefit corporation, and immediately starting the process for certification as a B Corp as well,” explained David Billstrom, CEO of Kitsbow.

Dec 31, 2021, JND Holdings, JND Holdings transitions to employee ownership via an Employee Stock Ownership Plan.  Keith Johanneson, former president and CEO of JND Holdings shared “As I’m working towards retirement, none of my family members wanted to continue in the business. We didn’t want to sell it to an outsider, so we made the decision to form an ESOP,” Johanneson said. “My job is basically to oversee the ESOP documents and make sure we’re totally in line with what the regulations are and to look for new opportunities and coach our top management team on new ideas as we grow.”

Dec 30, 2021, Coldstream Logistics, Coldstream Logistics transitions to an employee owned company.  “When employees have an ownership stake, they think of their business differently,” Mr. Zugell said. “They’re no longer working for an owner.”

Dec 23, 2021, DK Pierce and Associates, DK Pierce and Associates transitions to employee ownership via an ESOP.  Denise Pierce, the company’s founder, president and CEO, knew from the beginning of her more than 20-year tenure that she didn’t want to sell to a larger company. “I wanted DKP to always be independent and to be able to operate in our areas of maximum expertise and impact,” Pierce stated in a press release. “We don’t want to become generalists. We have always been specialists — working with clients around the country to ensure access to clinically meaningful oncology, rare disease, and gene/cell therapy products. We’re here to stay in this unique niche — and in Indiana.”

Dec 22, 2021, George & Lynch, George and Lynch transitions to employee ownership via an ESOP. “Like all excellent employees, our workers have other options, and we are grateful for their efforts and dedication that have made this company what it is today,” Baker [George & Lynch President] said. “We hope that this ownership change both recognizes their hard work, and helps promote retention and improve recruitment.”

Dec 22, 2021, PFlow Industries, PFlow Industries transitions to employee ownership via an ESOP.  “This transaction not only honors our founder, Bob Pfleger’s legacy by continuing our commitment to pride in ownership, it also encourages a performance model that is primed for continued sustainable growth while providing the opportunity to spread our wealth among our employee-owners,” said Pat Koppa, PFlow President.  “At a time when employee recruitment and retention are challenging, we believe that employee-ownership is a competitive advantage that attracts top talent. Our ESOP provides each employee-owner with the opportunity to directly share in the success that they help create,” said Pat Koppa.

Dec 17, 2021 WG&R Furniture, WG&R Furniture transitions to employee ownership via establishment of an ESOP.  CEO Greene told the Green Bay Press Gazette that he preferred giving employees ownership over selling the business to a private equity firm or a competitor. Greene, a third-generation owner since 2000, said it’s important to him that the company culture does not change and for the business to remain in Green Bay.  Additionally employees will likely feel more engaged, as they’re incentivized more to care that the company does well.

Dec 15, 2021, Clear Marketing, Clear Marketing transitions to employee ownership via establishment of an EOT.  Smith said he and the directors knew that handing the business to another agency or investor would not be in the interest of its 20 employees and long-standing clients following a strategic review carried out back in 2008.  He explained that it feels like a fitting time for him to step down from the organisation as its 20th anniversary approaches, and said it is with “immense pleasure” that he hands it over to the rest of the staff to “continue to flourish”.  “The agency is incredibly proud of its relationships, many of which span over 10 years; it was clear that the EOT approach was the right approach for all, providing security for the team and clients with the continuity with which they are accustomed,” he said.

Dec 15, 2021, TTP Group, TTP Group transitions to employee ownership through establishment of an EOT.  The Melbourn Science Park-based company, which has always had elements of employee ownership within its structure, believes that its move to 100 per cent employee ownership will support its future growth by making it a uniquely attractive destination for the most capable scientists and engineers.  Dr Peter Taylor, chairman of TTP, said: “Employee ownership has always been at the heart of TTP’s philosophy and culture. It gives us the freedom and incentive to explore, innovate, evolve and invest in the company as we see fit.

Dec 13, 2021, Wells Media Group, transitions to employee ownership via an ESOP. “We have terrific people working at WMG. They’re talented and have a wonderful work ethic.” says Chairman Mark Wells. “It just felt right to me to sell my company to my employees.” Mark will continue to serve as Chairman of the Board of Directors.  The company has offered quarterly profit-sharing and open-book management for many years already, according to CEO Josh Carlson. “The employee mindset at Wells Media Group has always been one of growth and empowerment. We want everyone to see how their actions influence the bottom line, and we want them to share in the upside. This next step in our evolution is exciting for everyone.”

Dec 12, 2021, Zaha Hadid Architects, transitions to employee ownership via an EOT. Employee ownership at ZHA will cultivate the stills and diversity that dries our decision-making and give every member of our team a voice in shaping our future.

Dec 8, 2021, Securityhunter, transitions to employee ownership via an ESOP.  According to Rogers [founder of Securityhunter], “I’ve been trying to do this since 2014. We just never gave up on figuring out how to endow our employees with the amazing benefit of sharing in the ownership of our company”. He added, “I am thrilled to have our people as employee-owners”

Dec 7, 2021, Greentech Sportsturf, transitions to employee ownership via an EOT, Mr Brunton said: “It will also enable the employees to have collective control of their future, directly benefit from the ongoing success of the business.  “Employee ownership means clients need not be concerned with Greentech Sportsturf being acquired and the potential associated disruption that can lead to.”

Dec 7, 2021, HR Essentials, transitions to employee ownership via an EOT. A statement provided on behalf of the directors said: “Our vision since starting in 2006 was to build a business that not only cared for its clients and candidates but also to provide a company that provided its colleagues a positive environment in which they could thrive.  “Over the last 15 years, we have done our utmost to stand by this vision. During the last 2 years of uncertainty, it has been the team as a whole that has stood true to our culture, so what better way to reward all those involved than to become Employee Owned.”

Dec 3, 2021 Hughes-Peters, Hughes-Peters transitions to employee ownership via an ESOP. “We did not get to where we are today without a long list of dedicated and loyal employees, some that are no longer with us. Selling the company outright was not an option,” Okel, who is president of Hughes-Peters, said. “We’ve had a year of celebration for our company’s 100th year in business and there is no better way to cap it off.”

Dec 3, 2021, The Folio Society, transitions to employee ownership via an EOT. According to the publisher, the move reflects its values and is an example of progressive sharing of power and profit in publishing. Its only beneficiaries will be those who work in the business, with social enterprise, employee wellbeing and engagement driving the approach.

Dec 3, 2021, WG&R, transitions to employee ownership via an ESOP. CEO Greene said every business eventually faces ownership transitions and his preferred option was to give employees ownership of the company.  Alternatives like selling to private equity firms or a competitor would not have been fair to employees who work hard everyday to make the company successful, he said.  “I’m proud of the legacy the ESOP will leave. All good things come to an end in terms of ownership. I just believe the people who make the company run need to benefit from the company’s existence,” Greene said. “There’s less risk of dramatic culture change or employees losing their jobs.”

Dec 2, 2021, Bridge Road, An Australian brewery transitions to employee ownership via an employee share scheme.  There were several intentions behind the employee ownership scheme for Bridge Road, explained Kraus.  “It was like when you have KPIs, those KPIs are there to drive the right kind of behaviours, and a share scheme is not too dissimilar from that. We want businesses to do better as a result, and want it to drive the right outcomes.”  This includes a sense of ownership and awareness of the financial performance of the business and how individual employees can make an impact.  ”I’m doing this because I value it and my staff and I want them to value it and have ownership.  “If the valuation of business [based around metrics like profitability in Bridge Road’s case] goes up, then their share value goes up, which our staff deserve.”

Dec 1, 2021, Nabco, transitions to employee ownership via an EOT. Nigel and Karen Bass, who are both majority shareholders, have decided to pass ownership of the business to the current employees.  The pair believe an employee ownership trust will allow the team to continue with the company’s success and growth to date, and to expedite it further, while preserving the DNA of the business.

Nov 30, 2021, Davison Fencing, transitions to employee ownership via an EOT.  “The EOT concept offers the best chance of maintaining and preserving our team, as well as demonstrating a long-term commitment to clients, which include tier one construction companies through to public sector organisations. At a time when recruitment and staff retention is an issue throughout the construction industry, the quality of our people gives us a clear advantage, which translates into the level of service our clients enjoy,” managing director Chris Davison said.

Nov 30, 2021, SiteWorks, transitions to employee ownership via an ESOP.  “We honestly felt that becoming employee-owned was the best way to financially dignify the ongoing respect we have always had for our coworkers, many who have been with us from the very beginning,” he said. “We are now fortunate to be the largest privately held landscape company in Arizona. For our company, it absolutely was the very proper way to prepare for our eventual succession plan.”

Nov 29, 2021, IOD Parc, transitions to employee ownership via an EOT. Founder and principal consultant Keen, commented that employees have been central to the business’ mission since it began in 1998 and its continuing sustainability would not have been possible without their hard work and contribution, which senior leadership want to recognise as they look towards the future.  He explained that the team wants to continue to bring in more expertise to strengthen practice and provide field-leading services, feeling confident that a move to an EOT model is the right step to achieve this.

Nov 18, 2021, Cascade Energy, transitions to employee ownership via an ESOP. Cascade Energy established the Employee Stock Ownership Plan to distribute ownership to employees while enhancing its culture and maintaining its focus. Employee ownership allows the company to continue to attract top talent, and to chart its own course towards ever larger positive impacts on the environment and the economy.  “Since our founding 28 years ago, Cascade has had a culture centered on shared success. This is so important to us that Seek Shared Success is one of our five named company values,” says Wilcox. “The ESOP model not only aligns with our values but ensures the continuity and strengthening of our culture. It is with great confidence that I hand off the role of CEO to Dan Brown and depart from Cascade under the banner of employee ownership.”

Nov 17, 2021, Proof Bakery, transitions to employee ownership via an ESOP.  “For the last 10 years, both collaboration and cooperation have been a driving force behind daily operations at Proof,” says Na Young. “Converting to a model where the labor force owns the business only furthers these values by creating shared responsibility and equity. Worker-owners now have a stake in the business.”  Employee ownership fosters a shared mindset that the long-term success of a company can be impacted by each individual employee, and that worker-owners will benefit from their efforts individually and as a group.

Nov 17, 2021, J Greenwood, transitions to employee ownership via an EOT.  Greenwood said: “I’m proud of the business we’ve built over the past five decades and I wanted to put in place a  structure so that the company could continue to operate in its current form, with its current people and its current location.”

Nov 16, 2021, ALTAR Group, transitions to employee ownership via an EOT.  Altar Group chief executive Scott McCallum, who will continue to lead the business, said he hoped the move would give a recruitment edge.  He said: “A big concern for businesses in our sector is recruitment. “A lot of companies are after the skills we look for in our digital team. We want to offer something different for the existing team and in terms of attracting new talent. “We have a fabulous workplace, a great culture in the office and great terms and conditions.  “I think the employee ownership trust (EOT) gives us the opportunity for us to stand out and build an integrated team. The staff are thrilled.”

November 11, 2021, Day’s Jewelers, Day’s Jewelers transitions to employee ownership via an ESOP.  “We probably would have gotten more money from an outright sale. But who really knows what we would have made? We definitively would have gotten our money up front, and we would have been paid sooner. But we wanted to walk away with a situation we were comfortable with.”  “You have the right culture to make it fit,” says Kathy. “If your mission statement is to build a company that stands the test of time, then you really have to stand by that. Of all the exit strategies, it was the best by far. It just felt right for Jeff and me.”

November 11, 2021, Wee Blue Coo, Wee Blue Coo transitions to employee ownership via an EOT.  Bob Kirkpatrick said: “There are perhaps more well-known ways to make an exit from a business, however, this was the only real option to ensure we safeguarded the futures of those who have contributed to our company’s success. The employee ownership trust seems like a perfect and logical way to structure any business.”  Joelle Kirkpatrick added: “Being a people led business has always been the very essence of who we are, which is why becoming an employee-owned business was the only option that was seriously considered.

November 10, 2021, Claygate Distribution, Claygate Distribution transitions to employee ownership via an EOT.  owners Mel and Andrew Streek aim to provide a senior management team structure to manage current business needs and provide a platform for future growth. “We have very experienced staff in all aspects of our business many of whom, have been with us from day one. Only a handful of firms have the confidence to embark on such a journey, but that has only been possible because of the depth of professional staff we have here at Claygate.”

November 9, 2021, ShopBot, ShopBot converts to employee ownership via an EOT.  Hall stated He wanted an exit strategy that allowed the company to continue to thrive and would benefit his hard-working employees. “I believe it will be win-win, because I have some confidence in how the gang is going to do,” he said. “If they do well, the company will do well, and if they do well, the exiting shareholders will benefit, too.”

Nov 3, 2021, Reid & Fraser, A Highland accountancy firm transitions to employee ownership via an EOT. Reid & Fraser is a trailblazer, setting the path for other firms of accountants to follow. They are possibly the first full service firm of chartered accountants in the UK to move to employee ownership so we are sure that others in the sector will be watching with interest to see the benefits it brings, which are many.  “By opting for a sale to an EOT, Stuart has secured the practice in its local community, employment is protected and the firm’s loyal clients will see no interruption to service.

Nov 2, 2021, Chronos Technology, Transition to employee ownership through establishment of an EOT. “Over the years we have established a work ethic that puts the customer first,” Curry continued. “The EOT protects the loyal Chronos family and ensures the customer-facing continuity of the business and, most importantly, safeguards jobs. Going forward, in the hands of the employees, the company will benefit from increased customer engagement and the commitment to a team approach to steer the business on the next phase of its journey.”

Nov 2, 2021,Talbots Law, transitions to employee ownership via establishment of an EOT.  ‘Employee-owned businesses perform better, are more innovative and more profitable and have the security of being owned in a trust, so not subject to being sold or taken over,’ said Morgan. ‘It was the only decision I could make when looking to sell a significant number of my shares and, most importantly, is excellent for long-term planning and vision.’

October 28, 2021, Hollis, Hollis transitions to employee ownership via an EOT.  Woodman said: “Hollis has always prided itself on its independence and as being a business that creates opportunities and supports the progression of its team.  “Over the last few years we have had to consider the future of Hollis and its ownership, ensuring that there are plans in place for a sustainable future that will allow for continued opportunities, progression and succession as well as protect our clients.  “This move will enable everyone who has helped build and develop Hollis over a number of years to participate in the future growth and success of the business.”

October 27, 2021, JF Plastics, JF Plastics transitions to employee ownership via an EOT. Founder John Fieldhouse said: “After considering selling I realised that I did not want to totally part with the company as I’m attached to what I’ve built up and I still enjoy working. I also wanted to make sure my loyal staff are looked after, and I couldn’t guarantee this if I sold to a third party, so I settled on an EOT.  “While the tax-free cash on the earn out will be a massive help for me and my children, the main reason is to repay the staff, particularly the eight or so, who have worked for me for between 30 and 36 years each. I still smile when I think of how this will change their lives in years to come.

October 26, 2021, Baker Electric, Baker Electric transitions to employee ownership via an ESOP. “I’ve considered transitioning to an ESOP for the past few years, and I am happy and excited that this day has finally come,” said President and CEO Ted Baker. “Our hard-working, dedicated employees are the lifeblood of Baker Electric. We are very excited about implementing this structure and confident that the long-term benefits of this plan will not only enhance our company’s performance capabilities for the benefit of our clients and industry partners, but also bring significant value to our Baker Electric team members.”

Oct 26, 2021, Odyssey Landscaping, transitions to employee ownership through establishment of an ESOP.

October 25, 2021, STB Graphic Designers, transitions to employee ownership via an EOT.  CEO Taylor said: “Over the years, I’ve been proud to work with some of the best graphic designers in the business. Our job is to help our clients make more money by selling more stuff, whether cornflakes or cars, simple as that. We are placing it in the hands of the people who have helped it grow over the last 33 years and enabling them to share in its success.”

October 25, 2021, Go Ape, transitions to employee ownership via an EOT. The forest activity business employs around 1,000 UK staff across 35 locations. It also operates in 16 US states.  “Go Ape has always felt like part of our family. We knew deep down we would never be comfortable selling the business to investors,” Rebecca Mayhew said.

October 24, 2021, Colorado Pool + Spa Scapes,  “Our company was owned for the past 20 years by partners who could have sold the business to another buyer, yet the partners wanted instead to find a way that the employees who helped build the company could become owners and preserve the business culture,” Chief Financial Officer Paula Busk Cross.

October 20, 2021, MI-T-M, Mi-T-M becomes employee owned through establishment of an ESOP. Mi-T-M founder and CEO A.J. Spiegel broke the news to over 400 employees at a company-wide event in July. Spiegel said the transition is the perfect way to invest in the employees who have made the company what it is today.  “I had been considering an ESOP for a few years. I wanted the employees to share in the benefits of ownership in the company and I wanted the Mi-T-M culture to live on in the community,” said Spiegel. “An ESOP was the perfect fit. It allows the employees to have an important role in the direction and growth of Mi-T-M. It allows Mi-T-M customers to continue with the long-standing relationships and allows the community to be supported by Mi-T-M as it has been for the last 50 years.”

October 11, 2021 Strategic America, transitions to employee ownership via an ESOP. “At SA one of our core values is ‘put people first,'” said John Schreurs, president and CEO of Strategic America. “This move allows us to do just that and lays the foundation of SA’s future, with our associates and clients at the center of decision-making. Employee ownership offers the ability to remain independent, recognize and reward associates, thoughtfully transition ownership and strengthen the SA foundation — centered on our people,”

Oct 6, 2021, DXW, transitions to employee ownership via an EOT.  “[Employee-ownership] gives the people who work at dxw – our greatest asset – a real stake in the company,” Mann went on. “At a time when SMEs working in the public sector are facing increasing competition from larger and more established players, we think that collective ownership gives us the best possible platform to grow and thrive in the years ahead.”

Oct 5, 2021, Christie Gillespie Consulting Engineers, transitions to employee ownership via an EOT.  Richard Gillespie, Co-founder of Christie Gillespie, said: “This is a move that has been six years in the making. From the get-go Alistair and I were determined to leave a lasting legacy for our staff which centred on our core values of generating exceptional client-driven service.  “We have been fortunate enough to have an extremely high retention rate amongst our staff, with just one colleague leaving us in the six years of operating. It’s this dedication and drive that has reinforced our decision to go down the employee ownership route.”

Oct 5, 2021, Home Beautiful, becomes employee owned through establishment of an employee owned co-op. “When I interviewed at The Home Beautiful, Bruce shared with me he was preparing for retirement, and his desire to form an employee-owned co-op. His excitement about the co-op model and the love he had for The Home Beautiful was infectious, I couldn’t help but be excited about the idea,” said Kim Young, assistant general manager and employee owner. “We are not only employee-owners, but we are also a family, and the co-op has allowed us an opportunity that we wouldn’t get anywhere else,” Young added.

Oct 4, 2021, Ground Construction Group, has transition to employee ownership via an EOT.  “The EOT route will enable us to transition the ownership structure without the potential disruption a sale to new owners might involve, thereby maintaining continuity of culture. It is also an opportunity for us to recognise and reward the contribution our staff make to the development and continued success of the group,” Group founder Trevor Diviney shared.

Oct 4, 2021, Fife, Fife engineering consultancy transitions to employee ownership via an EOT.  Mr Christie said: “We had envisioned this idea of adopting a succession model for the business when we first started. We just didn’t know what that would be.  “We decided quickly against selling to another firm. That would have meant the possibility of staff relocation or job loss and a risk to the company ethos and culture built on strong client focus and communication.  “It became clear through the years that some form of employee ownership model was our number one choice, but we didn’t quite know how it would work.”

Oct 1, 2021, AgriCare, transitions to employee ownership thorough establishment of an employee stock ownership plan.  “This exciting move to employee ownership only seemed fitting when looking back on the legacy of each company and the core values upon which they were established.” Avinelis said.  “As employee driven companies, we now begin this new season where our stakeholders are not just members of a few select families, but employees desiring to receive great value for the expertise and effort they bring to work each day,” he continued. “This move to employee ownership can greatly impact hundreds of families and hopefully allow both AgriCare and Homegrown to attract additional team members to help further company growth and future success.”

Sept 30, 2021, ICS2 Cables, transitions to employee ownership through establishment of an EOT. ICS2 trustee Laura Munro, who is now responsible for the business’ quality systems as part of the management team, explained that adopting employee ownership will protect the interests  and commitment of the team, while also achieving new levels of performance in its chosen growth sectors across the business.  “In order to best support the growth of the company, we look to recognise key areas for development and investment which can consolidate on the previous strengths and successes of ICS2,” she said.

Sept 27, 2021, 1^st Pet Veterinary Centers, transitions to an employee owned company via an Employee Stock Ownership Plan.  “It’s about legacy – we’ve created a great, caring culture and I didn’t want to lose that to a big corporation,” Founder Spencer says of his decision to create an ESOP, a process that started three years ago. “I also wanted to reward those who have helped build this practice and provide a good retirement opportunity for long-term employees.”

Sept 27, 2021, Pennard Vets, has transitioned to employee ownership via an EOT and has become the largest employee-owned practice in the world. Andy Green said: “At a time when many other practices are being taken over by large corporate organisations, we knew that the EOT was the right way to guarantee an independent future for our 99 team members.   “Although we received plenty of interest and offers from the corporates, it was important to remain true to ourselves and our values. “It is increasingly difficult for vets to buy into independent practices and the traditional partner progression model no longer works, so after exploring various possibilities, it became clear that the EOT option was ideal for us and protects everything that we stand for.

Sept 26, 2023, Helm, transitions to employee ownership via an employee ownership plan. We’ve always wanted to be a different type of business – one that is owned by the very people who contribute to its strategy and success every single day. Our employees have been a part of our past and present and will remain a more significant part of our future,” says Praekelt.

Sept 13, 2021, LDA Design, becomes employee owned through establishment of an EOT.  Frazer Osment, chair of LDA Design, commented that each member of the team now has a say in how the business is run and the direction it takes, with employee ownership an “important” way to unlock the “brilliance” of the collective and an expression of faith in each other. “Employee ownership is about empowerment and being part of something bigger and is also a quietly radical challenge to market norms on many fronts, from governance to where profit goes. It gives us an independent future and enables us to put creativity front and centre. Everyone is trusted for the things they are good at, and it is through our projects, and the quality of our thinking, that the values of our employee owners will be most clearly revealed,” he said.

Sept 6, 2021, Buckingham Group, Britain’s largest construction company, to date, to transition to employee ownership via an EOT. “In recognizing the amazing results that are now being achieved more than 30-years later, it is wholly appropriate that ownership of the business is being handed down from its founding partners to an all-embracing model of common ownership under the newly established employee ownership trust.’’

Sept 6, 2021, Microtech Group, Microtech Group becomes employee owned through establishment of an EOT.  According to Chris McMail, managing director of Microtech, he turned down various multimillion pound offers from companies from around the world, which would have included relocating operations from Kilmarnock. McMail had no intention of uprooting the business after more than 30 years in Scotland, and instead opted to reward the organisation’s 70 employees with an EOT.

Sept 1, 2021, White Ink, The White Ink architectural practice in Belfast has become the first wholly Northern Ireland-based consultancy to make the move to employee ownership. Joan McCoy, one of three directors at the company a past president of the Royal Society of Ulster Architects and a previous ‘Best Woman Architect’ winner at the European Women in Construction Awards, said: “We believe employee ownership heralds the start of a vibrant new chapter in the White Ink story.  “Our team now has a mammoth incentive to continue to drive forward the performance of the practice, helping our clients and improving lives through the buildings we create. This is going to benefit clients who, under the leadership of the existing directors, have a team of employee owners more connected to their success than ever before.”

August 29, 2021, Darvin Furniture, Darvin Furniture transitions to employee ownership via an ESOP.  As shared by Marty Darvin “with neither of us having children going into the business, our employees were starting to worry about the future,” says Marty. “And we didn’t want to sell out to some conglomerate that might change the culture that is so precious to us and precious to our employees as well. So making the employees into owners was the solution to that. And having Will at the helm reinforces that because of his core philosophy.

August 24, 2021, Quantis Biostatistics, Quantis Biostatistics transitions to employee ownership via establishment of an EOT. Philip Speakman, chief executive of Quantics, said: “We’re proud of our supportive and collaborative working environment. “Everyone here has been involved in growing Quantics to what it is today, expanding three-fold in the last five years. The new ownership model will help to foster an even stronger culture and collective responsibility to help drive the Quantics of tomorrow. “With the support of Scottish Enterprise and expert guidance from Ralph Leishman, employee ownership specialist, it was a very smooth process, and we all look forward to a great future working together as employee owners.”

August 19, 2021, Norwalk Furniture, Norwalk Furniture transitions to an employee owned company through establishment of an ESOP. “This transition highlights several very important goals for our company’s future,” said White [CEO]. “First, an ESOP is the perfect way to make sure our company’s future growth and profitability accrue to the benefit of the people who make it possible, our employee-owners. Second, it enables us to implement a long-term strategy that will continue to provide local jobs, helping our community to thrive for generations to come.”

August 16, 2021, AUS, AUS Transitions to employee ownership via an EOT. “A key point for owner and managing director, Simon, was that selling to an EOT would ensure ownership succession would not lead to the company being sold to a third party and potentially split up or relocated with staff losing jobs. “This allows the company to continue to operate in its current manner without disruptions to staff or philosophy. “Each employee becomes a beneficial owner of the company through the trust. This is important for the sustainability and progression of the company as each employee has an extra incentive to work hard, take responsibility, and drive the company forward.

August 10, 2021, Oakwood Corporate Services, Oakwood Corporate Services has become employee owned after forming an employee ownership trust (EOT).  “We believe that our status as an independent, employee owned business secures Oakwood’s long-term future and reflects our commitment to technical excellence and outstanding service delivery. We feel that the transition to employee ownership is a fantastic opportunity to build on our successes over the past 12 years, and recognises the loyalty, dedication and sheer hard work of our team,” he [Michael Harris] said.

Aug 6, 2021, Lisle Design, Lisle Design transitions to an employee-owned company through transition to an EOT.  Lisle explained that for some time he has been looking towards a succession plan and had considered a number of options, including selling to a corporate buyer. From there, he decided the best route was employee ownership and to seek the assurance of an EOT.  “After telling the staff about the decision, I was met with big, enthusiastic grins. I want the staff to know that they are valued and that the business recognises the hard work they do day in, day out. At the other end of the company, when our customers and business partners were told of the change they were uniformly delighted that our relationships will carry on essentially undisturbed,” Lisle said.

Aug 6, 2021, A Few Cool Hardware Stores, A Few Cool Hardware Stores (AFCHS) group which is transitioning all 13 stores to an employee-ownership model through establishment of an ESOP.  “I think this puts us in a different class in comparison to other small businesses,” said Frager’s Hardware Manager Aisha Bryant. “Becoming employee owned has sparked an even greater motivation [amongst our team] to continue to give maximum effort.”

Aug 6, 2021, Integrated Facility Services, Integrated Facility Services of Saint Louis who became a 100% employee-owned company through establishment of an ESOP.  “Our employees are what set us apart and now each employee is an owner and personally invested in the success of our projects and clients,” said John Rundquist, IFS president. “The ESOP will help our team feel more empowered to make decisions and take action to create impactful change to address our clients’ needs and our firm’s goals.” “Employee-ownership is another aspect of our relationship-focused company culture, which is demonstrated each day in how we interact with our clients, on job sites, and with each other,” said Rundquist.

27 July, 2021, Target Components, Target Components transitions to an EOT.  “The EOT allows us to abandon our conscience, it was a big part of our thinking. Basically, it’s [for] the employment security of our people who helped us come here, the culture and spirit of our business, and the potential impact of acquiring our relationships with our customers and partners,” [Managing Director Paul Cubbage] he said.

July 21, 2021, ShopBot Tools, Shopbot tools transitions to an EOT. “EOTs are a great option for companies that are too small for an ESOP. They are a flexible and dynamic way to engage and reward employees,” Broughton said. “We are thrilled that ShopBot has become this first EOT in North Carolina, and hope that other companies will consider this model as their founders look to exit.”  The EOT helps position ShopBot for long-term growth and success, affirmed Jeanne Taylor, ShopBot CEO, and will build on the company’s efforts to create an engaged employee culture. “We’ve had strong growth coming out of the pandemic, and we have a fantastic team of employees making it happen,” said Taylor. “The EOT will only make our culture stronger.”

July 21, 2021, McGohan  Brabender,  McGohan Brabender becomes an employee-owned company. CEO Scot McGohan says “We always wanted to be local and stay local,” he says. “And so we worked a long time trying to figure out how we make sure that we protect our independence to protect each city that we serve. And the best solution that came about was an ESOP.”

July 15, 2021, Realityworks, The Eau Claire-based educational products company recently announced it has transitioned to a 100% employee-owned enterprise through a sale to the Realityworks Employee Stock Ownership Plan.  The company transitions from 22% to 100%  employee ownership.  “We have been working toward this for a number of years,” said Timm Boettcher, president and CEO. “We have such a culture of employee ownership already that this is just a natural fit for us.”

July 14, 2021, Curtins,  Curtins transitions to Employee Ownership. Announcing the news on Wednesday, chief executive Rob Melling said: “What we’re doing is so aligned with Bill’s philosophy and principal of making sure our people are at the heart of our company.

July 13, 2021 Winch Design, Winch Design transitions to employee ownership via an EOT.  “Andrew has long been a visionary in the industry and this has inspired us to develop a truly innovative studio, both in terms of the projects we design and the management style we adopt. Employee ownership will enable us to stay true to our colours, serve our clients even better and further empower our next generation of talent,” Aino Grapin CEO.

July 7, 2021, Winch Design, Andrew [founder] commented in a statement: “I am immensely proud of the team. Today’s announcement is another exciting milestone in our history and such a natural progression of all the great work that has been done to get us to this point. I believe every single person at Winch Design is exceptional and it is their collaborative spirit that is the true strength of the Winch studio. I thank them and also extend huge thanks to our many clients and friends in the industry who have helped us to reach this exciting moment. The Winch DNA is unique and will only get stronger as the adventure continues. 2021 is a special year for Winch, as we celebrate our 35 years in business, but I am so excited to look forward as the next chapter in our history unfolds.”

July 5 2021, Alex Haulage, Axle Haulage has become an employee-owned business, with the Dunstable-based operator’s new employee ownership trust (EOT) owning the majority of the business.

July 5, 2021, DJS Research,  Daniel Sims, owner and chairman at DJS Research, said: “We are so proud of the company we have created and how it has grown and evolved, and it’s really important that we protect its legacy and ensure it remains independent for many years to come.  “Employee ownership is a way to do this; it’s progressive and forward-thinking and offers a way to give back to our incredible and talented workforce who have made DJS Research everything it is today.  “The company is going from strength-to-strength and our 20th anniversary is the perfect time to start our exciting new chapter. We will continue to listen to our staff even more than before and deliver excellent research, while showing our clients the value of an employee-owned company through everything we do.”

July 5, 2021, Alliance Disposables, MD David Elder commented: “Alliance has always been particular about maintaining a long-term relationship with its customers and staff.  “To ensure that those values can be sustained, necessitated us taking a more progressive approach, and this has resulted in the transfer of the business to employee ownership.  “Often, the sale of a business results in significant disruption and change. We see this as a solid way of maintaining stability and to continue the growth and development of Alliance.  “We look forward to our employees sharing in the future success. Prospects for future growth are looking exceptionally positive.”

June 30, 2021, Clean Scapes, Clean Scapes recently transitioned to an 100% employee-owned company through an Employee Stock Ownership Plan (ESOP).   “The success of our company can be directly attributed to the culture we have created and maintained at Clean Scapes,” said Ivan Giraldo, co-founder and president of the Austin-Texas based company. “Transitioning to an ESOP allows Clean Scapes to maintain its character while executing its vision of becoming Texas’s most trusted commercial landscape partner.

June 26, 2021, Ward Lumber, “Ward Lumber is a 130-year-old, fourth-generation company, and I didn’t want to see our business end,” Ward Lumber CEO Jay Ward said. “We have 50 wonderful men and women I wanted to honor and continue this business for them. We need Ward Lumber to continue to serve our community.”

June 25, 2021, C21, C21 transitioned to an EOT.  According to C21, the EOT will make a material difference to staff by protecting the agency’s independence and commitment to clients, while offering the stability of a gradual and clear transition to new leadership. It will also provide a structured succession plan for founder Christina Clarke, who established C21 in 1998 and will remain in her current executive role to oversee the transition, with plans set up for her to become chair in the future. Clarke said that becoming an employee-owned business is a “landmark moment” that provides an opportunity for the team to take the next step in their careers and ensure the service to clients continues to strengthen and grow, as employee ownership was the “clear and obvious” future for the company.

June 20, 2021, Coastal Recycling, Emily Delve, Coastal Recycling’s commercial director, says, “This fantastic news means the business is now operated for the benefit of all the 140 people who work here. Our teams feel invested in the business and have a direct incentive to build a successful organisation that continues to deliver great service to customers. Staff will also share in the Group’s financial success through profit related bonuses.”

June 17, 2021, Preferred Strategies, Preferred Strategies transitions to employee ownership.  “Our team takes tremendous pride in providing the highest quality service and support to our global portfolio of clients every day, and our success to date is directly attributable to their hard work and dedication,” said Adam Crigger, Founder and President. “The decision to transition to an ESOP serves as a commitment to further involve our team members as we grow our business by expanding our product offering and executing on our strategic plans for the future.”

June 15, 2021, McGohan Brabender, McGohan Brabender is now employee owned, the Moraine-based benefits brokerage announced Tuesday. “What an ESOP is probably at the highest level, is a wonderful retirement plan for employees of an organization, “ said CEO Scott McGohan. “As they retire and evolve out of the organization, they get equity in their organization and paid out over time.”

June 15, 2021, Ascento, Ascento transitions to an Employee Ownership Trust. As outgoing owner, Chris Ash, says “I am excited to step aside as the sole owner and cannot wait for the whole team to share in the next exciting stage of our journey. “Becoming employee owned means we are stronger together, means we can all share in our successes and means the culture we have strived, and continue to strive, to develop is maintained through a collective spirit and drive”.

June 14, 2021, Salad Creative, Salad Creative becomes a 100% employee owned company via an EOT.  Managing director Arabella Lewis-Smith said: “From our humble beginnings, the last 20 years of Salad have been a brilliant journey and I’m delighted to mark this significant anniversary with a move to employee ownership.  “I have always believed that, as a leader, you work for your team and it’s your job to inspire the next generation of leadership. “So, when my co-director, Andy Brown and I considered the future of the agency, we wanted to ensure both our sustainability as a business and the empowerment of our team.  “As we weighed our options and discovered more about employee ownership, we felt that an EOT was the perfect fit.”

June 7, 2021. QPS, QPS Employment Group, a Wisconsin-based staffing firm, announced today that it completed its transition to an employee-owned company with an employee stock ownership plan, or ESOP. “I’m so proud that now with this transition, our employees will be recognized for all the work they have been doing,” [Co-CEO] Mayer said.  “Two of QPS’ core beliefs are legacy and family spirit. In the move to the ESOP, we believe that the employees will be taken care of as family and are now helping to solidify the legacy of QPS for many years to come,” [Co-CEO] McNulty said.

June 7, 2021, Paramount Interiors, Paramount Interiors transitions to an EOT.  Richard Jones said: “Paramount Interiors have many long-standing staff members, and the people here are at the heart of all that we do. I am absolutely delighted with the opportunity to reward our talented team with a stake in the business for the outstanding contribution and commitment they have shown over the many years, particularly through the most challenging of times.

June 4, 2021, J&L Elevator, J&L Elevator transitions to employee ownership via establishment of an EOT.   John and Lynda Harding, co-founders of J&L, said: “It’s a great time for everyone associated with J&L, including our suppliers and customers, as we know that the company we created will continue in safe hands and we fully expect that the team will flourish over the coming years”.  The co-founders believe that the ethos of employee ownership will assure customers and suppliers of the long-term future of the company. Lynda added: “It also gives John and I a route to retirement with the advantage of mentoring the successor team. It’s a win-win all around.”

May 20, 2021, Park Cameras, Park Cameras transitions to employee ownership via an EOT.   Roscoe Atkins, owner and current managing director, said: “Our family of employees are the heart and soul of the business and I’m extremely proud of every single one of them. Our continuous success and growth over the coming years rests on our experts, so we decided to turn Park Cameras into a fully employee-owned business. The EOT will give us the chance to unlock value within the company and enable the team to become more invested both financially and emotionally in the business, whilst ensuring we never lose sight of what Park Cameras is renowned for. Despite a challenging period during the pandemic, we have increased revenue by 65% over the last five years. Thanks to the continued development of online sales, advancements of camera and lens technology and the EOT, we envisage a further growth of over 50% in the next two years.”

May 5, 2021, Purcell Architects, “Becoming an employee-owned business will supercharge the collaborative and positive culture we already have at Purcell,” according to Holton. “This next step in our evolution is a celebratory reminder of the excellence of our technical, support and operation teams, and how we are a resilient organisation that puts our clients and people first.”

May 5, 2021, TEFL Organization, Co-founder Joe Hallwood said the change would also help to provide job security for staff.  “Some of our employees have been with us since the first few months and know the company inside out – we trust them to do right by the firm and have no doubt it will continue to thrive under their care,” he commented.

April 30, 2021, Hatmill, Founder Simon Dixon said: “It’s such a proud moment to be able to hand over Hatmill. I firmly believe this next chapter as an employee-owned business is just reward for the hard work and talent of our brilliant team.

“Becoming employee-owned is about maintaining and building on our unique culture. Creating a great place to work is fundamental to my business principles, and I’m excited about the next stage of Hatmill’s journey.”

April 19, 2021, Rubicon Recruitment Group, Lloyd Banks, founder of Rubicon, “As well as rewarding our existing team and giving them the opportunity to shape the future of the business, we expect our new employee ownership status to attract more talented new colleagues to help us grow. Our clients have always known we are a different kind of recruitment business, and now employee ownership is a very visible demonstration of that.”

April 15, 2021, Hi Nabor, Hi Nabor CEO Jim Crifasi said the more they learned about an ESOP, the more sense it made for the company’s future.  “It keeps our management team together and gives all my brothers and sisters an exit strategy without putting a strain on Hi Nabor,” Crifasi says. “The ones who want to continue working here in their same position will be able to. It’s also a great deal for our employees and will continue the legacy my father set up in 1963.”

April 14, 2021, CSY Architects, Douglas Strachan, joint managing director at CSY Architects, “This enables the whole team to pursue a positive ethos of shared endeavour, valuing everyone’s contribution and sharing in the success of the practice.”

April 13, 2021, Better Placed, Founder Dean Bartle said: “Employee ownership is a fantastic boost for the business and has galvanised the employees through their ownership and the move has confirmed their development is primary to us.  “As we move into a post Covid world and build for the future, this gives greater clarity on our vision and the direction we want to take the business … as one, together and where challenges and rewards are enjoyed by all colleagues.”

April 8, 2021, Dazzle & Inkspot, Martin Super said: “We have been thinking about succession for some time now, and we felt that becoming an employee-owned business was the best outcome for all who are involved with Dazzle & Inkspot.  “It would have perhaps been easier to sell the company to another business. However, we felt the best thing to do was to reward the loyal staff whom have contributed greatly to the success of the business over the years.  “By adopting employee ownership we are giving each one of our employee’s the chance to thrive within Dazzle & Inkspot, while continuing the incredibly hard work ethic that is instilled each day.  “We have always been a family business, and the staff at Dazzle & Inkspot are an extension of this family, and so we are simply putting in place a succession plan that will benefit those whom we care about the most.”

April 8, 2021, Synergy Vision, Ffyona Dawber, SV founder and CEO explains: “Employee ownership (EO) is a natural step forward for Synergy Vision. We have transferred 87.5% of the company to our employees which protects our people-focused ethos and will drive continued innovation for clients as well as growth and long-term sustainability. EO secures the future for SV and is a legacy of which we are immensely proud.”

April 6, 2021, Rubicon Recruitment Group, “Employee ownership is a natural progression for us,” explains Banks. “Many of my colleagues have worked with me for a long time, and the continuing success of the business, especially during such turbulent times, is a result of an extraordinary team effort. Employee ownership rewards that effort whilst ensuring that future successes are reimbursed, and it safeguards the extraordinary culture that drives our business.”

April 6, 2021, All Health Matters Limited, Gill Monk, Managing Director of All Health Matters Limited, commented: “This realises my dream of rewarding the employees for making AHM as great as it is. I am surrounded by an amazing team. Every one of them is totally committed to making sure that AHM leads the way in service delivery, innovation and sustainability, and every one of them deserves to benefit from their hard work. This is a milestone in the life of the business and I am thrilled that I am able to express my appreciation in this way.”

April 3, 2021, Napper Architects, Napper Architects transitioned to EOT James Gilbert, director and trustee, said: “Our company has been in existence for 75 years and we have long had the benefit of a dedicated and loyal workforce. The new trust will reward all those who work for Napper Architects and ensure the business continues to operate for many years to come. “We have always put people at the heart of everything that we do and have always believed in nurturing and developing our staff. This is why we have such a talented, skilled and professional workforce. “We anticipate that greater employee engagement will naturally promote commitment and loyalty, ultimately benefitting the work that we carry out for our valuable and varied client base.”

April 1, 2021, RocketMill,  ”We never wanted to sell RocketMill,” said Sam Garrity, chief executive officer at RocketMill. ”We never started a sale process, however one unsolicited offer met the mark on every level – but there was one problem. Only two of us, Ben [Garrity, co-founder] and I, would be the winners. It left us feeling there must be a better option.”  That‘s when the duo found employee ownership and they felt it was a model that fit perfectly with the agency‘s ‘People First‘ philosophy.

April 1, 2021, Curium, Co-Founder Adam Farrow commented, “We are delighted to announce that we are setting up an Employee-Owned Trust, which will own a majority stake in the business. Our team has always been central to the success of Curium. After such a successful year against such a challenging market backdrop, we decided that now was the right time to move to this new model, recognising the immense contribution that every employee makes to our success. Apart from setting up the trust, nothing else will change. The team and board remain the same, backed by our ambition to grow, develop new services and support many more customers for years to come.”

March 30, 2021, London Camera Exchange, “While the business is breaking direct links with the family of its founders, we are essentially moving to the ownership of the broader London Camera Exchange family,” said outgoing owner, Steve Hall.  “My father was a great believer in people, and this is something that he would have wanted. I am pleased to be able to pass over the business to its loyal employee family in such great shape.”

March 25, 2001, GT Maritime, Robert Kenworthy, CEO at GTMaritime, said: “I am delighted to announce that we have successfully completed the transition to an Employee Owned Trust. Chris and I remain fully committed to GTMaritime and we look forward to working with the team and helping to steer the company for many years to come. From the start we have tried to instil a company culture that ensures people are happy in their work environment and I strongly believe that if we look after our team, then they will look after our customers.  “The EOT aligns exactly with the inclusive and innovative culture that is the foundation on which we have built the business. It is the team providing reliable, round-the-clock support for customers who have worked so hard to achieve the GTMaritime success story; going forward, it will be the team who benefit as they take the business from strength to strength.”

March 25, 2021, Denny Bros,  Barry Denny, Chairman of the Group, said: “Denny Bros has made its name as a world-leader on the quality of the company’s in-house expertise – an achievement that would have been impossible without the contribution of our employees. “We believe employee ownership allows for the greatest degree of continuity, stability and resilience among all the possible options we considered. “We have ambitious plans to deliver further growth and I look forward to this new model helping us achieve this.”

March 25, 2021, Activate Solutions, Mike Cottman – Chairman and founder, along with business partner Steve McQuillan, added: “Employee ownership affords a new and exciting opportunity for the Group, offering a natural succession to a privately-owned business and providing an incentive for everyone to be aligned to the future success of the Group. We are delighted, therefore, to announce that in February 2021, 100% of the shares in Activate Solutions Group Limited (the holding company of the Group) were transferred into the Activate Solutions Group Limited Employee Ownership Trust. This is a fantastic opportunity that allows us to share with employees the benefits and results of all the great work that the Group employees deliver.”

March 24, 2021, Creative Space Management, Creative Space Management transitions to EOT. “After looking at all the options, we firmly believe that this is the very best model to secure the long-term stability, success, and growth of Creative Space Management for our employees and our customers. It gives the people who work within all areas of the business a real stake in its future success. This makes for a more robust and competitive business; with motivated, committed, well-informed staff that can deliver exceptional levels of customer service to our public and private sector clients.”

March 23, 2021, Readie Construction, Readie Construction transitions to employee ownership via an EOT. Executive chairman Read, who was also the company’s founder, said: “Many of the staff have been with Readie throughout our rapid growth and the transition to employee ownership was the logical next step in the development of the company. The creation of an EOT enables us to preserve the legacy of the Readie brand and will help cement our status as a leading contractor in the industrial and logistics sector.”

March 15, 2021, Activate Solutions Group, Julian Cordy – Group Chief Executive Officer, who was delighted with the reaction, commented “Over the last year we’ve taken the opportunity to reflect on our longer-term business strategy and the board concluded that this is an opportunity to embrace the benefits of broadening the ownership of the company to all our permanent field colleagues and head office teams.  Over recent months we have been working hard to deliver the sale of the Group to an employee ownership trust as we consider that this is a direction which would fit well with our be Proud culture and for further enhancing our employee engagement.”

March 11, 2021, J&J Ormerod PLC, J&J Ormerod becomes employee owned.  Stephen Greenhalgh said: “We looked into private equity or a trade sale, but employee ownership seemed the best of both worlds as it secured the long-term future of the business and it also secured our father’s legacy.  “The employees are fundamentally the most important part of the business and now indirectly they are all co-owners and will be able to share in future profits.”

March 10, 2021, Synergy Vision, Ffyona Dawber founder and CEO of Synergy Vision shared “Employee ownership is a natural step forward for Synergy Vision”, “We have transferred 87.5% of the company to our employees which protects our people-focused ethos and will drive continued innovation for clients as well as growth and long-term sustainability.  EO secures the future for SV and is a legacy of which we are immensely proud.”

March 9, 2021, Restek,  Knight said: “Since incorporating the business, I always had the intention of stepping away, and following consultation with Benchmark and Napthens, I decided that employee ownership was the best fit.  “Growing revenue every single year, Restek has now been involved with a catalogue of exciting, high-profile schemes, quickly cementing ourselves as a leaders in our field.  “Our continued expansion hasn’t gone unnoticed and selling to a competitor or investor was an option, but I was concerned that a third party would not act in best interests of the business and the team, some of which have been with me for more than seven years.  “This way, I can hand over the business gradually and ensure that it remains on track to fulfil its significant potential and stays true to its core values. Napthens and Benchmark have been great to work with; they have provided clear and insightful advice throughout this process.

March 9, 2021, J&J Ormerod, Stephen said: “We looked into private equity or a trade sale, but employee ownership seemed the best of both worlds as it secured the long-term future of the business and it also secured our father’s legacy.  “The employees are fundamentally the most important part of the business and now indirectly they are all co-owners and will be able to share in future profits.

March 9, 2021, Elevation Recruitment Group,  Parkinson said: “From day one, Elevation’s core values and foundations have been based on employee engagement, along with a service that demonstrates care, ownership of our responsibilities to our clients and candidates and a desire to impress.  “This move to an Employee-Owned business will not only seriously strengthen our offering to our employees but also bolster our already strong existing service levels to our customer base, because each employee you engage with is now a co-owner.  “Employee-led businesses are proven to be more effective, as their employees share a common goal and are more productive, with an increase in motivation and job satisfaction.  “This transition to Employee Ownership is a brilliant next chapter for Elevation and will be a really appealing proposition for future talent looking to join an employee focused business.”

March 9, 2021, AES Solar, HIE said the move would give employees a “meaningful stake” in the business, helping to safeguard the business and ensure it “remains in Moray and contributes to the local economy.” The agency added that employee ownership was also considered a good “exit solution” for Mr Goudsmit.

March 9, 2021, Pennine Healthcare,  Mrs Fothergill (owner) said: “The success of Pennine Healthcare today is due to the skills and commitment of our employees and I am delighted that we have taken the EOT route to take the company to the next chapter.  “Selling the company to our employees through the EOT will ensure that Pennine Healthcare remains rooted in Derby and continues to create and retain skilled and valued jobs and careers for local people. “Everyone will take an equal share of a significant proportion of net profits generated which  recognises the important part that each individual plays in the the success of the company.

March 8, 2021, Brand Opus, He added: “We started reviewing the future of the business back in 2019, where we explored everything from equity release to a complete sale of the agency. But the EOT model quickly became our favoured option because it enabled staff to become more invested in the business, and be involved in its future trajectory.”

March 5, 2021, HLM Architects, Camden-based HLM Architects and its subsidiary Llewelyn Davies have transferred to employee-owned status with immediate effect, following the firm’s successful transition to an employee ownership trust (EOT). Commenting on the move, HLM Architects chair Richard O’Neil, said: “Our people-centric practice has a special culture fostering our heritage and focusing on our future. So, it is a natural progression to transfer ownership for the benefit of the people who are committed to our success – our staff.”

March 5, 2021, BDB Consultancy,  The Altrincham-based B2B consultancy will now be run through its Employee Ownership Trust.  CEO, Matt Smith “As a service-based business, our people truly are what makes BDB so special, what gives us the edge, and forms part of our uniqueness. What better way to acknowledge this, than a true, egalitarian, ownership structure? We are acting on our principles, not just talking about being “in it” together.”

March 5, 2021, Pennard Vets, Transitioned to an EOT, meaning Pennard’s 90 employees across six sites are now shareholders in the business and take a share of profits.  It also means the 125-year-old practice stays independent – a key priority for the existing partners who turned down lucrative offers from corporate consolidators before pressing ahead with their plans to transfer ownership.

Feb 8, 2021, Swansons Food Wholesalers,  An offer for the business from a larger wholesaler prompted owner Magnus Swanson to begin considering his eventual exit from the firm.  “One of the most obvious options was a trade sale,” he said. “However, I was concerned that selling to a remote buyer might see one of the branches closed, staff laid off or clients resigned.  “We have a loyal and long-serving team at Swansons, and I wanted to ensure their jobs were secure. I thought that employee ownership could be a good fit with our goals and values and would allow me to gradually step back from the business over a number of years.”

4 Feb, 2021, Crossland Employment Solicitors,  The benefits of an EOT were that it made staff “feel part of the future of the firm”, while giving them “much more of a focus on costs and profitability”. In the two weeks since the firm made the change, there had been a “fantastic sea change” in attitudes.  Ms Sunderland said the move had also gone down well with clients, one of which was in the process of converting to an EOT.

Feb 2, 2021, Horizon Platforms, Ben Hirst, CEO, comments; “This is the proudest moment of my career. Transferring ownership into the hands of our employees offers this organisation the opportunity to live on, and truly become what I have always strived to achieve, a business built for our grandchildren. “Becoming employee owned is about maintaining and building on the unique Horizon culture. The business and its employees have a real family ethos and so personally, I want to be a part of what I expect to be the most exciting phase of Horizon’s journey yet.”

Jan 30, 2021, C&K Market, “At our core, we’re a community grocery store that proudly serves its neighbors,” said Karl Wissmann, president and CEO of C&K Market. “We tailor what we offer to meet the needs of each community we serve. That commitment continues through our Employee Stock Ownership Plan, which allows us to maintain our independence and lets employees benefit from our success.”

Jan 14, 2021, Cost Advice, Cost Advice transitions to employee ownership via an EOT.  “Employee ownership provided a way for us to do this; it’s progressive and forward-thinking and provides a way to give back to our loyal and talented workforce who have helped to make Cost Advice what it is today. The company is going from strength-to-strength and now is the perfect time to start our exciting new chapter.”

Jan 1, 2021, GBN, As of January 1, 2021, Global Beer Network sold 100% of its shares to its employees, becoming the first employee owned beer importer in the United States. “The people who represent the values of the organization, invest their time, energy and creativity in building the company are the people who should eventually prosper from their hard work and dedication,” said CEO Steve Villani. “GBN has learned throughout the years that in order to be successful and grow, that we have to work and think differently and take advantage of the talents of all of our people and in return reward them for their work.”

Dec 31, 2020, A M  King, A M King transitions to Employee ownership via an ESOP.  Brian T King – Founder/President   First, it allowed me to sell the company to an entity that I believed would best protect our future success and sustainability: our employees. Secondly, it would ultimately provide every employee with a personal stake in the company, gifting each of them shares over future years, which they could grow in value through their own hard work and success. Third, it gave us the best opportunity to maintain our company culture, how we operate, and who we are as an organization. This would mean little to no discernable impact to our customers, our suppliers, and our communities.

Dec 28, 2020, 2e-volve, Craig Lemmon founder of IT provider 2e-volve, first explored employee ownership three years ago amid a spate of approaches from similar sized firms. He said he did not want to sell the business “because it would have thrown our people and clients into uncertainty. “This option means they have the reins and with my input for the years ahead, they can take the business where they want to.”

Dec 26, 2020, Woodruff Construction, “All of our employees now own Woodruff Construction,” said Don Woodruff. “Through their hard work, dedication, and focus on improving our company, this has earned us the ability to own it together. Moving forward, we’re going to make it an even better company by creating a stable foundation to build up our existing employees and hire others of like mind who will want to work for a company that they own a part of and can impact the outcomes.”

Dec 22, 2020, Allan Murry Architects, Managing director Connor Pitman said: “Unlike many firms entering employee-ownership, for us it is all about continuity and showing the market that – while we are evolving – we are as well placed as ever before to deliver the cutting-edge and landmark projects we’re known. “Employee ownership will help us grow and develop – and take on new tests with increased ingenuity and accountability. It will ensure our team is fully rewarded for its brilliant work too.”

Dec 11, 2020, Life IT, Ms Sherratt said: “We have an extremely hard-working, committed team at Life IT and it’s fantastic to be able to give our people a share in the business’ future success. “2020 is our 20th year in business and it felt like the right time to transform the ownership structure of the company. “Employee ownership is a perfect fit with our culture, ethos and our plans for the future and the swift process meant we were best placed to focus on growth.”

Dec 4, 2020, Safer Sphere, Safer Sphere transition to an employee owned company (EOT).  Safer Sphere managing director Mike Forsyth said “Today marks the eighth anniversary of the inception of Safer Sphere as a construction health and safety consultancy, a milestone I never conceived when I set out on this journey and testament to the brilliant staff, project teams and clients we work with. It is therefore very fitting on the same day I also celebrate and welcome every employee of Safer Sphere as a partner within the business. Safer Sphere has converted 49% of its ownership to an employee benefit trust, meaning all of our superb team now have a stake in the company. This provision has been put in place to align with our business growth plan, reward our team for their substantial efforts and to enable them to share in the future successes that we hope to see in the coming years and beyond.”

Dev 4, 2020, Claremont, Claremont transitioned to an employee owned company (EOT).  Tim Frankland, managing director at Claremont, said: “Throughout our history, we have always been a people-orientated organisation, so becoming an EOT now is the perfect way to embody our values and recognise the contribution of our talented team.  “The decision was also borne out of considering how to protect the stability and longevity of the organisation as some directors plan their exits, without the need for a management buyout (MBO) or the possibility of being acquired by a bigger player. This way, Claremont remains in the hands of the staff that have helped make it what it is today.”

Dec 1. 2020, Leeds Architects, The practice has been transferred to the existing team via an employee benefit trust agreement, with two thirds ownership now in the hands of the employees.  “The employee ownership model was an important part of the transition for Bauman Lyons and it means the team now has full ownership of its future direction and ambitions. There is a lot of energy and passion in the business and that is being channelled into the new generation of architects that are coming through the practice. We have two architects that qualified during lockdown so even the present situation hasn’t dampened our enthusiasm or stopped progression in any way.”

Nov 25, 2020 Tapestry Compliance, The Tapestry founders have transferred 100% of their shares to an employee-ownership trust, but industry leading experts Janet Cooper OBE and Bob Grayson will remain involved with the business as advisers to the Board and as trustees of the employee-ownership trust. Business will be very much as usual, but the next generation are incentivised and empowered to move Tapestry Compliance forward to even greater success. Chris Fallon and Carla Walsham, senior lawyers in the Tapestry Compliance team, have been appointed directors, with senior lawyers Hannah Needle and Matthew Hunter joining the trustee board.

Nov 24, 2020, Shore, Foley said: “In due course I will want to exit the business, however having founded and developed it into a market leading company over the past 17 years, I didn’t want to sell to a third party and see the team’s hard work absorbed into another organisation with different values or a long-term strategy that might not match ours.  “We have developed a strong team ethic and a culture based on collaboration, support and respect. We’re not a group of individuals sharing an office – we are a team. Our people are hand-picked for the skills, creativity, experience and spirit they bring to our company, so it was important to me to give the company, the jobs and the brand the best chance of continued independent existence following my exit. The business should work for the employees, rather than the other way around, so employee ownership was the perfect fit for us.”

Nov 24, 2020, Parallel Technologies, VP of Major Accounts Jamie Baird says pursuing an employee-owned model was about promoting Parallel Technologies’ legacy. “We could have explored selling it to an outside organization. Well, we all know what happens when that happens. Jobs get cut. We’re looking to actually grow the business,” he said. “We have key employees that we want to be here, and we want to reward them for all the hard work that they’ve done. The younger generation is going to take over this and make a go at it.”

Nov 20, 2020, The Nursery, Brand and communications research agency The Nursery Research & Planning has announced it has moved to employee ownership with immediate effect.  Peter Dann, chief executive, The Nursery, said: “The people that work here have always been what makes this business so special, delivering expert insight to a wide range of great clients. Handing ownership over to them feels like the right thing to do; it also makes good business sense as we have a brilliant leadership team and a great group of researchers who’ll be even more engaged in the success of their business as well as their clients’.”

Nov 13, 2020, Wavehill, Founder Director of Wavehill, Mark Willis, said: “We have clear company values, an extremely strong ethic and a culture based on collaboration and respect, so when it came to continuity and succession planning, becoming employee owned was a natural progression for Wavehill. “For us, it’s a commitment to our team, a number of whom have been with us for many years and have been instrumental to our success. We want to empower them; share in the success that we’ve built and make our employees feel invested in our continued growth.”

Nov 12, 2020, ITWORX, “It’s easy to talk up your company’s values in these areas, but being employee-owned demonstrates that commitment.” Noting that she and Mr Mowatt have no plans to step back from the business, Ms Ross added: “Our staff are key to our success and some of the senior employees have been with us for a very long time, so handing the company over to them shows them they are valued. It also offers peace of mind about the company’s future as there is no risk of the company being absorbed by a competitor further down the line. “We also hope the structure will help attract and retain new talent,” she said. “Young talent is so important, especially in an ever-evolving industry like IT. There is a wide range of expertise at all ages and levels within the company that we listen to and learn from, and by giving the team a say in how the business is run, they know their skills and contributions are appreciated.

Nov 4, 2020, Tangram Furnishers,  Mr Darwell-Stone said: “When I started to think about the future of the business and my eventual retirement, I knew I didn’t want to simply shut up shop and end something I’ve worked extremely hard to build. I also knew I had a long-serving and incredibly loyal team and I wanted the business to continue in its current form for them.  I didn’t want to sell to a third party and see the business absorbed into another organisation with different values or a strategy that might not match ours.  “We have developed a very successful business together and have created a strong team ethic, so it was important to me to give the company, the jobs and the brand the best chance of continued independent existence following my exit. Employee ownership is the perfect fit for us.”

Oct 30 2020, E.B. Horsman & Son, Tim Horsman President & CEO stated: “Our [ESOP] is the natural evolution of our organizational culture,” added Horsman, “We have always benefitted from encouraging an ownership mindset with our employees, so it only made sense that we have an ESOP that engages our team in an ownership program that rewards long-term enterprise value creation.”

Oct 22, 2020, Hunter-Davisson, Jeff Davisson, President of Hunter-Davisson, said, “Our company culture aligns perfectly with our decision to become an ESOP. In addition to enhancing our growth potential, this transaction provides our employee-owners with an ongoing financial interest in the business and rewards them for the invaluable contributions they have made toward our success.

Oct 13, 2020 ADLIB, Nick Dean “Over recent years we’ve been considering the future of ADLIB. We’ve always felt it would be a challenge to find a suitable buyer who would retain ADLIB’s ethos, substantiated by our B Corp certification in 2019, and the drive to balance profit and purpose. The most important factor was retaining our independence and the flexibility to invest in our growth, whilst ensuring we retain our B Corp certification. By far the best solution to ensure ADLIB has a long-standing future, was to hand over the business to the people we know and have helped create it into what it is today, whilst adding an additional layer of employee attraction for those who will help spearhead our next phase of growth.”

Oct 13, 2020 Cambridge Pixel, Litlington-based radar technology company Cambridge Pixel has moved into employee ownership, which co-founder and CEO Dr David Johnson says “will secure the long-term future of the firm… and will benefit the founders, the employees, and the company’s customers”.

October 12, 2020 First Affirmative Financial Network, First Affirmative Financial Network, a Colorado Springs-based investment advisory firm that specializes in social, responsible and impact (SRI) investing, has been sold to its employees by financial giant Goldman Sachs. Under employee ownership, the company is now is certified B corporation, a type of business that balances profit with a social purpose — in this case using “the power of capital to bring about lasting beneficial change, including stewardship of the environment and promoting social change” the release said.

Oct 5, 2020, Northern Tree, “With the history of our employees’ dedication to the company comes personal responsibility for me to develop a succession plan that will help ensure its continued success, further strengthen its legacy, and reward all employees dedicated to the future of Northern Tree,” CEO Philip Cambo said. “While there were many succession plans available to Northern Tree, only one was the perfect fit to address my responsibility to the company. I’m proud to say that Northern is now 100% employee-owned through this newly formed ESOP.”

August 26, 2020, Midwest Mole, Midwest Mole says going to an ESOP model provides “advantages for growth and employee retention without alteration of the management structure.” “The change of ownership is expected to be a seamless transition for clients and vendors, as the company continues to focus on providing cost-effective and environmentally friendly trenchless solutions, working safely and creating a welcoming work environment,” the company said in a news release.

August 24, 2020, Onex, “Being 100 percent employee-owned rewards our hard-working employees, excites our clients, keeps the business headquartered in Erie, ensures we have the same strong management team and leverages the benefits of tax-free status,” said Ashleigh Walters, President of Onex. “When we considered all these positives, it made sense to make this transition now.” “With this ESOP, our families, our community and Onex are stronger and ready for a bright future,” said Asleigh.

August 21, 2020, Damia, “Employee ownership allows us to give our people a bigger stake in the business,” explains Chris Bardoe, founder of Damia Group. “Many of our team have worked for us for a long time, and some of them have been with us since the business was established. Employee ownership roots these jobs in the region for the longer term.”

August 20, Applewood Seed Company, “We believe our company is the strongest when our employees feel valued, empowered and are given the tools to be successful in their professional and personal lives,” says Gene Milstein regarding the transition to the ESOP. “The employees’ financial interest in the company provided by the ESOP is a confirmation of our appreciation for their many years of hard work and the trust we have in Applewood Seed’s future success.”

August 19, 2020, Brands2Life, Fraser told PRovoke: “We’re delighted and we think it’s really good news for Brands2Life. It’s a lovely way of recognising all the brilliant work has done, and moving the business on to collective ownership in a way that means we can stay founder-led – because Sarah and I love running the business – and independent.”  He added: “We were already set up much like an EOT, with extensive staff feedback mechanisms and a very employee-centric culture, so nothing will change in terms of how the business is run.”  Scales said: “At a time when agencies are being challenged more than ever, we think that collective ownership gives us the best possible platform to grow and thrive in the years ahead. In our 20^th year we’re really pleased that we’re able to take this next step.”

August 17, 2020, SimVentions, “The plan has several objectives,” said Larry Root, CEO of SimVentions. “First, to provide ownership of the company to those that build and execute the work of the company; second, to provide a significant retirement benefit and a reason to want to make the company more successful; third, to provide a tool to motivate, retain, and attract employees; and finally, to create a market for the transition of equity from the current shareholders without a sale to outside interests.”

August 14, 2020, Healics, “Over the years, we’ve investigated different ownership models and the employee stock ownership plan is the one that appealed to us because it rewarded all of our employees who have helped Healics grow,” says Patti Plough, LPN, CWC, who recently retired as president and CEO of operations for Healics. “Since establishing this company, we’ve been blessed so we wanted to share the blessings with our employees and give them the opportunity to become employee owners of Healics.”

August 4, 2020, Avion Solutions, Since we became an ESOP company in 2007 our goal has always been to be a 100% employee-owned ESOP,” said Chad Donald, President of Avion Solutions. “I’m proud of our employee owners who invest themselves in the success of our company by consistently providing extraordinary service in the communities we serve. This is an historic step for Avion Solutions, and I’m excited to see what the future brings.”

July 30, 2020 MHB Consultants, Founder Hendrie Barbour stated “All of us have been involved in building MHB, and we are proud of the successful business that it has become and the team of employees that we have. We don’t want any exit plans to impact what we’ve all built or change the way the business operates and our way of doing things.” He continued “Goodwill from employees is important right now as we must all pull together in the right direction. What better way to do this than with all of us as owners?”

June 26, 2020, Alexir Partnership, “The establishment of the Alexir Partnership EOT has enabled us to achieve the three key values we all feel strongly about. Firstly, a fair return over time for the shareholders of Alexir, without putting undue financial stress on the business. Secondly, the Alexir Partnership EOT will enable our Partners, many of whom have helped build the business over many years, to participate in the ownership of the company. Thirdly, it will help to ensure Alexir remains proudly independent.”

June 26., 2020. Knowles Associates., “Establishing an EOT means Knowles Associates can maintain its all-important independence and therefore, its impartiality and strong values, whilst creating the opportunity to pass the company on to the next generation of business talent. “We will continue to provide exceptional client servicing, which has always been at the heart of what we do, so it’s business as usual in that respect – only with the promise of even better.”

June 23, 2020, Caesar Creek Software, “Rewarding employees for their contributions to Caesar Creek has always been a priority for me,” says Kevin Hoffer, Founder and President of Caesar Creek Software. “Transitioning ownership to our employees was the right solution for our company. Prairie’s team demonstrated the expertise and guidance needed in structuring the right ESOP transaction for all of us.”

“After considering various ownership transition structures for Caesar Creek, it became clear that the ESOP met nearly all of Kevin’s near and long-term objectives,” commented Tom DeSimone, Director at Prairie. “Having employees share in the value created at Caesar Creek is extremely important to the company culture created over 20 years ago. It was a pleasure working with the Caesar Creek team throughout the entire transaction process.”

June 2, 2020, Schuber Mitchell Homes PBC, Inc, “We are excited to establish an ESOP which will allow our team to benefit from the future growth of the company,” says Daman Schuber, one of the selling shareholders of Schuber Mitchell Homes.

May 13, 2020, McGee Group,  Chairman Brian McGee said that handing the company to employee ownership was a natural step. “It would have been relatively easy for us to sell McGee Group to a third party, but we did not want to do that, he said. “Michael, John and I, similar to our father, have always recognised the contribution of our employees, which is why the move to employee ownership in many ways, was the obvious next phase of the McGee journey.” “For us, it’s a move designed to secure the future of the business, continue the legacy that our father started in 1959 and reward the people who have made the business the success it is today – its employees,” he said.

May 11, 2020, Design Workshop, “With the move to a 100% employee-owned company, Design Workshop now has a framework for ownership transition that provides a substantial long-term benefit for employees and positions the firm for continued success in our next 50 years,” said Kurt Culbertson, CEO of Design Workshop. “The ESOP is a direct application of the firm’s Legacy Design principle of “community” – extending ownership of our practice to include every employee.”

Apr 29, 2020, Simon Morray-Jones Architects, Simon Morray-Jones, who thanked the Castle team for their pragmatic, helpful and supportive advice, said: “We are so pleased to leave our business in the hands of our very capable team. I will of course remain as a consultant for as long as they want me, but the future is now in their hands, which is really inspiring.” Berni added: “We have a great team, and even in the midst of this current environment, they have been very enthusiastic about this opportunity, as we had imagined they would be.

Apr 28, 2920, EHC Energy Limited, Mr Walters, managing director, said: “The directors of EHC have actively been looking for a suitable exit strategy for a number of years that would provide a solution which safeguards all parties concerned.  “Various schemes were promoted to us however we operate a transparent management style and when we discussed the options with the key staff it was agreed the employee share scheme would deliver the best long term solution to meet our future aspirations. We are delighted that the transaction is now complete and provides stability across the company in these challenging times.”

March 16, EllisDon, “EllisDon’s share structure and independent governance will ensure that we continue to strive together for complete fairness in equity of ownership across all employees, both present and future,” said Smith. “Shares will continue to be offered to employees every year and loans will still be offered on an interest-free basis. Shares will always be purchased and sold at book value, ensuring the ability of every employee shareholder to participate fully in the share value created while they are at EllisDon, and then to pass that opportunity on to future employees.”

March 11, 2020, Georgia Theatre Company, “The benefit of an ESOP,” Chambliss says, “is that you get to keep your current management team in place and you get to keep all of your employees in place. From an employee standpoint, it’s seamless—they don’t even know that it’s happening immediately. And the benefit to Bill and his family is they get paid the value of the company. Bill is a very, very loyal person—he has always taken care of his employees. Selling out to one of the big three or four or bringing in a private equity [firm] he knew was not the best thing for his employees. So when the idea of an ESOP was brought up, he thought it was a fantastic idea, and assuming the money was around the same, he was all in.”

Feb 28, 2020 Trinity Products, President Robert Griggs, who had been the company’s sole owner, said in a statement that he made the transition “to truly reward everyone who has helped build this organization over the years.” He said the ESOP would be “a great way to continue to improve on our culture” and should help Trinity recruit employees.

Feb 17, 2020, SCS Engineers. Jim Walsh, President and CEO of SCS Engineers stated “Our success and growth is a direct result of our employees thinking and acting like owners to deliver the best service for our customers. We believe employee ownership is a formidable advantage in recruiting and retaining top talent. Employee ownership provides an opportunity for them to share directly in the success they are helping to create.  This transaction delivers the flexibility to pursue sustainable growth for SCS Engineers and the opportunity to spread the wealth among our employee-owners”

Feb 6, 2020, Altec & Victoria. “Firstly, I didn’t like the idea of selling the business to a competitor. I’ve seen many times the negative effect this can have on a business and its staff. It was also important for me to create a personal legacy. I’ve spent 35 years building up this business which my Dad started and I wanted to find a way to preserve that for the benefit of everyone who works here.”

Feb 5, 2020, GreenScapes Landscape Co. “I’ve been looking for a way to pass the company along to the people here,” Gerhardt said. “I’ve been approached by buyers over the years, but it didn’t seem like a good fit for the employees, or I was worried they’d want to change the culture here. This way the employees will be able to take the ball, and they can run with it.”

Jan 29, 2020 Bluefruit Software. Paul Massey, Director and Founder of Bluefruit Software said: “This move to employee ownership will ensure that no matter how much Bluefruit grows, we will never lose sight of the positive, supportive culture that made us so successful in the first place. Bluefruit’s future is brighter than ever before because each and every member of our team is now invested in our collective success.

Jan 29, 2020 Midland Trust. Dave Owens, President and CEO of Midland, said, “Becoming an employee-owned company was a major decision for me. Midland has been in business for over 26 years and I’ve owned Midland for over 18 years. I am very proud of the business our employees helped to create, and I believe this is a great opportunity to plan for the future and give the next generation the opportunity to expand the business.”

Jan 26, 2020 Kovatch Castings.  Transitioning to an ESOP “… allowed me to keep in place my managers, who share my vision for our future, keep the Kovatch name and hopefully have it continue for many more generations to come,” he said.

Jan 21, 2020 Emperor.Emperor CEO Steve Kemp said: “Our decision to move towards employee ownership is rooted in our deep appreciation for the contribution our employees have made over our 24-year history. “Emperor has built a collaborative culture that promotes the best talent and innovation. “This move will only strengthen it by emphasising our shared purpose and reinforcing the inclusive nature of our business. “I believe this will put us in the best possible position to achieve our future aspirations as an independent agency.”

Jan 11, 2020 True North Networks.  Rather than choosing to “walk away with a big paycheck, thank everybody and walk out the door” at his retirement, he wanted to share the wealth with the team that built the company since its founding in 2002. So Ryder began researching employee ownership.

Jan 10, 2020 Palmer Holland. “The conversion to an ESOP allows Palmer Holland to benefit employees and principals, live up to our core values in excellence, and evolve and grow,” CEO Bryn Irvine said. “It has always been our goal to remain independent even in this climate where others are selling. Our ESOP allows us to retain our culture and unparalleled way of doing business.”

Jan 9, 2020, Tricore, We had to come up with an ownership solution that allowed equity to be released to Greg’s estate and Bill to retire but also ensured the future security of the company and safeguarded jobs. Many options were considered but when our accountants suggested employee ownership we soon realised it ticked all of our boxes. It protects the ethos of the company and the existing team as well as providing a satisfactory solution for the previous owners. “Protecting jobs was an extremely important factor in our decision. Many employees have been with us for over 20 years and have played a vital role in the growth and success of Tricore. Moving into employee ownership gives job certainty to everyone who works here and enables them to have control of their future.  “Although they were initially surprised, the staff are very excited about the opportunities it will bring and have very much embraced the concept of employee ownership. Our new structure will also provide clarity over roles and the opportunity for the team to improve current working practices.”

Jan 7, 2020 PAQ Inc. “Since we’ve announced this internally, across the board, employees are excited about this opportunity,” added Cote. “We’re going to feel fresh energy from everybody.”

Jan 4, 2020 Georgia Theatre Company. “Our employees are the foundation of Georgia Theatre Company,” Stembler said. “By transitioning to an employee-owned company, we are empowering them to play an integral role in the company’s future. My family and I are grateful for this opportunity to reward our employees for their hard work, loyalty and contributions by creating the Employee Stock Ownership Plan (ESOP).”

Jan 2, 2020 Vectric Ltd. Edward Powell added: “We believe employee ownership is the right model for a forward-thinking company like ours, where so much is dependent on our people as individuals and the way they work together as a team. This is an opportunity to increase engagement by giving staff more potential to collaborate and lead within the business. The team have fully embraced the concept of employee ownership and are delighted that Vectric’s legacy will be protected.”

Jan 1, 2020 MetroConnections. “This new ownership plan has several benefits,” says David Graves, president and CEO of metroConnections. “First, it puts business ownership into the hands of those who grow the company; second, it will provide a significant retirement benefit and motivation to continue to grow the business; third, it provides a tool to motivate, retain and attract employees.”

Jan 1, 2020 Loftness Specialized Equipment. Loftness owner Dave Nelson stated “Each person gains more stock as they work. Nobody pays into it. The guys who are going to be here 15 or 20 years, it’s going to be pretty good for them.” “In addition to the retirement plan, it guarantees the company stays in Hector and doesn’t get bought up by some bigger firm. We’re a small manufacturing town and we’ve lost enough companies already. Our family is committed to keeping this plant here in Hector.”

Jan 1, 2020, Spark Power, “We are very pleased to be rolling out the next version of our ESOP program,” said Eric Waxman , Co-Founder & Chief Investment Officer, Spark Power Corp. “The Plan was designed to allow employees to benefit from the Company’s long-term growth, to attract and retain the best talent in the industry, and to support a culture of ownership, performance, and engagement. Through the gift share component of the Plan, every employee becomes a shareholder in the Company—We Are All Owners!” added Waxman.

Dec 31, 2019 Bergen Plumbing, Heating & Cooling. “Our employees have been highly effective in building a strong business and outstanding reputation in the community we serve. I’ve always wanted our employees to be more than just employees and have the ability to share in the success of the company,” said Matthew Gardner owner and president of Bergen. “This ESOP provides employees with a stake in the company’s long-term success and further enhances its growth potential.”

Dec 26, 2019 Pride & Service Elevator.  According to Christopher Todd, President, “Each employee of Pride & Service Elevator is a trusted team member. 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. We also want our hard-working and loyal employees to benefit beyond their wages alone if they continue to help grow Pride & Service Elevator. Together, we strive to be more efficient, safe and responsive to our customers’ needs.”

Dec 25, 2019 Easling Construction. Marty Easling said  “I love Leelanau County and want the best for my team, my clients and the economic health of the region …”

Dec 16, 2019 Barrio Brewing Company, “Barrio Brewing started as, and will continue to be, a family affair as our employees are family and have put their hearts and souls into making Barrio what it is today,” said Dennis Arnold, Barrio’s soon-to-be brewmaster emeritus, in a release announcing the decision. “Nearly 30 years after our humble beginnings, the decision on our exit strategy was easy for both of us, either sell the business or simply give the business to those who’ve made it what it is, our employees, leaving them with their destinies in their own hands.

Dec 14, 2019 SJC Alliance President/CEO Jean Carr “Being a 100% employee-owned company is a way for our founders and previous owners to reward our employees for their dedication and commitment, as well as preserve our unique culture.”

Dec 8, 2019 Metro Sales Inc Jerry Mathwig, founder and president of Metro Sales, Inc “The employees built the company with the help of our customers, and I wanted to further reward them for their contribution. This ESOP allows employees the opportunity to share in the profits they helped create. I am confident that it will provide many additional benefits to the almost 300 employees of Metro Sales, Inc., well into the future.”

Dec 6, 2019 Bluefruit Paul Massey, Bluefruit founder and director “We’ve found time and time again, that by empowering our people to make the right decisions for themselves and their work that we get a better result for our clients than if we didn’t.  “It was important that we found a way to preserve this and ensure the business would be around ten, 20 or even 30 years from now. Something that your typical Silicon Valley or London-based tech start-up doesn’t care about.”

October 15, 2019 Aveka Group. Dr. Willie Hendrickson, CEO and Founder of AVEKA, said, “It’s amazing to see the company after 25 years and what better than to reward the employees with a larger stake in the company. At the end of the day, the employees are what has made AVEKA the place to go for powder processing.”

Sep 26, 2019 Safedem Managing director William Sinclair, stated “The move to employee ownership will allow the business to develop and plan for the future and is due recognition of Safedem’s excellent employees.”

Aug 29, 2019 Crafton Tull & Associates, Crafton Tull President and CEO Matt Crafton, “We and those who went before us worked long and hard to build this business, and we want to see it continue far into the future.  We want our workforce and the communities that have supported us all these years to continue to do well by us in the future. “Transitioning ownership to the ESOP allows us to continue moving forward based on the core values that have always guided our business — integrity, respect, excellence, responsiveness, teamwork and safety.”

2017, Graham Company on why they decided to become an ESOP: We wanted to stay privately held and we were fiercely committed to our independence, so we knew that becoming employee-owned was a way to make sure this was able to happen. We were [also] really committed to making sure we kept our unique culture, so the employee ownership component helped us stay independent and also stay dedicated to strengthening and perpetuating our unique culture.