REDWOOD CITY, Calif.--(BUSINESS WIRE)--Shutterfly (NASDAQ: SFLY), the leading online retailer and manufacturer of high-quality personalized products and services, today announced it has closed its previously announced acquisition of Lifetouch, the national leader in school photography. The company financed the acquisition with the proceeds of an $825 million incremental term loan facility, which closed simultaneous with the acquisition.
Read MoreWASHINGTON — Popular convenience and gas store chain Wawa has launched its annual spring hiring campaign and says it's goal is to hire up to 5,000 new employees during the next three months.
Read MoreValuation multiples continued to surge in the fourth quarter of 2017, according to GF Data. Deal pricing pushed upward to an average mark of 8.1x EBITDA, a 19.3% increase over the year ago fourth quarter (6.8x) and a 7.0% jump from 3Q:17 (7.5x). The 8.1x mark is a 28.5% increase over the GF Data historical average multiple of 6.3x, which includes deals dating back to 2003.
Read MoreQuick: what do a grocer in Sonoma County, California; a bookstore in Cambridge, Massachusetts; a real estate company in Columbus, Ohio; and a coffee house in Rock City, Maine have in common? Answer: all four companies are converting to worker ownership.
Read MoreTwo bills on employee stock ownership plans (ESOPs) have passed without dissent in the Small Business Committees in the House and the Senate, and both have bipartisan support.
Read MorePROVIDENCE, R.I. — Should Rhode Islanders own the companies they work for?
Read MoreThe success story of custom furniture manufacturer Whitewood Industries has been the transfer of its ownership to its more than 300 employees.
Read MoreESOP-owned Hannibal Industries, Inc. named Reed Reynolds as its chief operations officer (COO). Reynolds is a steel industry veteran that has more than 14 years of experience in sales and management positions. Reynolds' first day in this role will be March 12 and he will report directly to the president. Reynolds will be responsible to oversee the daily operation of the company while maintaining and establishing policies that promote the company culture and vision, especially concentrating on growth through efficiency and expansion.
Read MoreThe U.S. Department of Labor (DOL) closed out 2017 by entering into yet another settlement agreement with the trustee of an employee stock ownership plan (ESOP).
Read MoreSummit, NJ: The principals of Pilot Hill Advisors through its broker/dealer, Corporate Finance Securities, are pleased to announce that GeoStruct Engineers, Inc. has recently become 100% owned by its Emplyee Stock Ownership Plan.
Read MoreUSA Mortgage's sole owner, president and CEO, Douglas Schukar, transferred ownership of the company to employees through an Employee Stock Ownership Plan (ESOP).
Read MoreIllini Hi-Reach has become an employee-owned company ("ESOP"), according to president and CEO Larry Workman. All of the Illini management team remains in place. The company is planning to add more experienced employees as the company continues its strategic growth and expansion.
Read MoreAPPLETON - Appvion's public announcement last week of its proposed sale left out a significant detail.
Read MoreGT Distributors is pleased to announce that effective January 26th, 2018, 55% of the company's stock has been sold to its employee's retirement plan, through an Employee Stock Ownership Plan (ESOP). The Texas-based public safety equipment and uniform distributor's 100+ employees will become beneficial owners through the ESOP.
Read MoreMaybe it's the work environment, but Kent-based Davey Tree Expert Co. keeps growing faster than a poplar tree.
Read MorePilot Hill Advisors LLC announced today that James B. Junker has joined the firm as Managing Director. In this role, Mr. Junker will work with company owners and their advisors to evaluate, plan and implement all types of ESOP transactions.
Read MoreStandard Golf Company has announced the successful transfer of a 100 percent ownership of the company to its employees via an Employee Stock Ownership Plan effective Jan. 3, 2018.
Read MoreCalifornia-based Shutterfly (NASDAQ:SFLY) , the big online retailer and manufacturer of personalized photography and related products and services, plans to pay $825 million in cash to buy Eden Prairie-based Lifetouch, an employee-owned company and a leader in school photography.
Read MoreParksite Inc. said it is acquiring Atlantic Plywood Corp., a distributor of industrial wood products and accessories in the Northeastern US. Both Parksite and Atlantic Plywood are employee-owned (ESOP) organizations.
Read MoreMARSHFIELD – Staab Construction Corporation, a builder of municipal & industrial water and wastewater treatment systems in the Midwest, has announced it recently completed a transition to become 100 percent employee owned through its Employee Stock Ownership Program (ESOP).
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