Reliance Trust Co. Inc. has agreed to a $4.5 million deal to settle claims from the U.S. Department of Labor that it breached the Employee Retirement Income Security Act when it caused Tobacco Rag Processors Inc. workers to pay too much for shares of the company's stock in 2011.
Read MoreAfter more than 40 years in business, California's Sun Light & Power announced the implementation of an Employee Stock Ownership Plan (ESOP) giving 100% ownership to the company's 80+ employees.
Read MoreIn the past few years, Mark Barnes and wife, Perri, were excited to prepare for their retirement from the lawn care and snow removal business, Barnes Inc., that they founded in 1981. But there was one thing that worried them: What would happen to their 145 employees — 175 during winter months — after they stepped down?
Read MoreDE SMET, S.D., Aug. 21, 2018 /PRNewswire/ -- Legend Seeds proudly announces its transition from a family-owned independent regional seed leader, to an employee-owned independent regional seed leader through an Employee Stock Ownership Plan (ESOP) as of August 1, 2018.
Read MoreBETHEL, Conn., Aug. 15, 2018 /PRNewswire/ -- BranchServ, a Division of Custom Vault Corporation, announced that revenues in the first half of 2018 were its strongest to date, topping several years of successive double-digit growth. Strong successes in its service business have complemented stellar security and automation equipment sales to drive performance.
Read MoreAmong other things, the Main Street Employee Ownership Act focuses on increasing the role of the Small Business Administration (SBA) in facilitating ESOPs by allowing the SBA to make loans to companies that they can then reloan to ESOPs.A bill that will make it easier for companies to establish an employee stock ownership plan (ESOP) was signed into law by President Donald Trump.
Read MoreSundt Construction, Inc. (www.sundt.com) ranks No. 68 on the National Center for Employee Ownership's Top 100 largest majority employee-owned company list.
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As retirement neared, Butler and Till chose to protect their company culture with an ESOP
Read MoreThe gap in wealth in the United States between the ultrawealthy and everyone else has reached its widest point in decades. One way to narrow the divide is through the use of worker buyouts, in which ownership of a company transfers from a single person or a small number of people to the workers of the company.
Read MoreMILWAUKIE, ORE. — After 40 years, Bob's Red Mill Natural Foods will have a new chief executive.
Read MoreOrem–Mountainland Supply Company & Contractors Heating & Cooling Supply formed an Employee Stock Ownership Plan (ESOP). This transaction strengthened Mountainland Supply and Contractors Supply position in the marketplace to support the growing demand of their intermountain customer base. The transaction includes a fully funded ESOP program for over 400 employees that currently occupy 20 locations throughout Utah and now Wyoming.
Read MoreFor most professional services firms, sustained growth usually involves an acquisition or a transfer of ownership. Many founders in general have their eye on their end game in today's fast-moving, milestone-driven, valuation-obsessed business environment. But for Bruce Ballengee, CEO and Co-Founder of Pariveda Solutions, Inc., a $100 million, 500-person technology strategy and solutions consulting firm, no exit strategy was no problem. In fact, starting the company without a plan to sell it was one of his prerequisites.
Read MoreWoodstock, New York, July 19, 2018 (GLOBE NEWSWIRE) -- Miller/Howard Investments is pleased to announce that current shareholders of the company have agreed to sell 100% of their stock to an ESOP (Employee Stock Ownership Plan). The ESOP will hold in trust, through an institutional trustee, all of the company equity exclusively for the benefit of all current and future employees. Indeed, the employees will no longer be simply employees—every employee will have the economic benefits of stock ownership and a stake in the continued success of the firm.
Read MoreHERMITAGE, Pa. (PRWEB) June 14, 2018: Joy Cone Co., a 100% employee owned business, is celebrating their 100 year anniversary. In honor of their 100 years of baking excellence, they are donating $100,000 to St. Jude Children's Research Hospital® in 2018 to raise awareness and help support their life-saving mission: Finding cures. Saving children.®
Read MoreSTREETSBORO, OH – Automated Packaging Systems, the world leader in high-reliability bagging systems, has announced that its per share stock value in the company's Employee Stock Ownership Plan (ESOP) jumped 47% over last year.
Read MoreCINCINNATI--(BUSINESS WIRE)--Jul 10, 2018--The Board of Directors of The Procter & Gamble Company (NYSE:PG) declared a quarterly dividend of $0.7172 per share on the Common Stock and on the Series A and Series B ESOP Convertible Class A Preferred Stock of the Company, payable on or after August 15, 2018, to Common Stock shareholders of record at the close of business on July 20, 2018, and to Series A and Series B ESOP Convertible Class A Preferred Stock shareholders of record at the start of business on July 20, 2018.
Read MoreThe president and CEO of a popular Idaho salad dressing manufacturer believes his company is thriving mostly due to its recent conversion to 100 percent employee ownership.
Read MoreGrowing numbers of U.S. companies are giving workers financial stakes via employee stock ownership plans.
Read MoreSummit, NJ: Pilot Hill Advisors is pleased to announce Robin Industries, Inc. ("Robin") an international manufacturer of custom molded products, has completed its ESOP buyout and the company is now 100% ESOP-owned. Pilot Hill Advisors was pleased to assist the company initiate its initial ESOP transaction and again advise on the financing and structuring of this second-stage buyout.
Read MoreIn May 2018, Ingage announced that it has completed a transaction that will transition the company to a 100% employee owned organization. With the implementation of an Employee Stock Ownership Plan (ESOP), Ingage Partners' founders will sell and transfer stock to a qualified retirement trust that will annually distribute the stock to each eligible employee.
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