ATLANTA--(BUSINESS WIRE)--The Kendeda Fund today announced it will make more than $24 million in new grants to significantly expand democratic employee ownership across the United States. The investment, which will be completed by 2023, is among the largest in Kendeda's history and is expected to dramatically expand alternative models for wealth building in America and empower thousands of workers who have traditionally lacked economic stability and opportunities to build wealth.
Read MoreA federal district court judge found that since shares for the ESOP were purchased with borrowed funds, the subsequent lower valuation of the stock was an immediate equitable benefit to participants.
Read MoreThe court found as a fiduciary to the ESOP, Evolve Bank failed to notice, question or investigate several red flags that appeared in the appraisal of the stock that was used to set the share price for a 2010 purchase.
Read MorePortland, Oregon-based Breakside Brewery closed a deal last week to launch an employee stock ownership plan (ESOP), according to the Portland Business Journal.
Read MoreOwnersEdge has grown into holding company for five businesses, over 300 employee owners
Read MoreNAMPA – Employees at utility contractor Das-co now have a shot at becoming owners.
Read MoreDemocratic Party leaders have made Wall Street "greed" and corporate financial engineering, such as stock buybacks, a priority of efforts to reduce wealth inequality. Policy recommendations to tax stock market gains and target private equity are popular, but one idea that many high-profile Democratic hopefuls have supported in the past has not received much attention on the campaign trail: Granting stock ownership to more Americans.
Read MoreWhat if employee-owned businesses were the key to a healthier, more humane economy?
Read MoreA congressional bill introduced in the House of Representatives proposes tax incentives for Employee Stock Ownership Plans (ESOPs). The bill is supported by the ESOP Association as legislative support to encourage more businesses to provide a way for employees to share in and help grow the company.
Read MoreSummit, NJ: Pilot Hill Advisors LLC is pleased to announce the completion of a 100% ESOP buyout of a New England construction contracting company. The transaction was designed to provide the company's shareholder with a means of transitioning ownership to the company's employees while maintaining management continuity and perpetuating the company's independence. The principals of Pilot Hill Advisors LLC assisted the company in evaluating the feasibility, structuring the ESOP buyout and financing, and negotiating and closing the transaction.
Read MoreAs Scott Dunbar and Alan Brawn eyed retirement in recent years, they had to make some serious decisions about the Bangor construction company they started 16 years ago.
Read MoreSummit, NJ: The principals of Pilot Hill Advisors, through their broker/dealer Corporate Finance Associates, are pleased to announce it has successfully assisted its client complete a 100% ESOP sale of stock to its newly-formed ESOP.
Read MoreConnecticut Governor Lamont signed an omnibus bill on July 9 that included a provision permitting architectural firms to have up to 100% of their shares owned directly by an ESOP. This replaces a long-standing requirement that at least two-thirds of the ownership of an architectural firm be held by licensed architects.
Read MoreIowa Fabricator Sold to ESOP-Owned Buyer - Preparing for Sale
Read MoreBenchmarking compensation data can be a critical tool to help companies make sound decisions. There are very few compensation data sources available that provide a sizable number of ESOP companies for comparison. The NCEO's Executive Compensation Survey is one of the only data sources specifically tailored to companies with ESOPs. The NCEO gathered executive and director compensation data from ESOP companies from October 2018 through April 2019. Our online survey received 419 valid responses from a diverse group of companies.
Read MoreLUBBOCK, Texas, June 24, 2019 (GLOBE NEWSWIRE) -- South Plains Financial, Inc. (NASDAQ:SPFI) ("South Plains" or the "Company"), the parent company of City Bank, today reported its results as of and for the quarter ended March 31, 2019. [SPFI is 17.2% owned by its Employee Stock Ownership Plan.]
Read MoreDealmaking has never been a priority for Rhonda Newman. But after Remington Products Co. received an unsolicited and very attractive offer from a New York-based private equity firm, Newman felt she had to respond.
Read MoreL.D. 1520 is an opportunity to further grow employee ownership, which allows workers to fully benefit from the application of their skills and the outcomes of their efforts.
Read MoreMayville Engineering Company (NYSE:MEC) (the "Company" or "MEC"), a leading U.S.-based value-added manufacturing partner that provides a broad range of prototyping and tooling, production fabrication, coating, assembly and aftermarket services, today announced that the Company's board of directors has authorized a share repurchase program of up to $4.0 million of shares of the Company's common stock.
Read MoreJASPER Holdings, Inc., the parent company of Jasper Engines and Transmissions has acquired Diesel USA Group, Inc. headquartered in Louisville.
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