Trinity Products
February 28, 2020. Steel pipe manufacturer Trinity Products has created an ESOP that now owns 100% of the company. Trinity is based in Missouri and employs more than 150 people.
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The Drumbeat
Aveka Group
February 26, 2020. Aveka Group, based in Minnesota, announced that the company became 100% employee owned in October 2018. Aveka is a contract manufacturing and R&D company.
Midland Trust
February 20, 2020. Florida-based Midland Trust, a financial-services firm, has established an ESOP and is now 25% owned by its employees.
SCS Engineers
February 17, 2020. SCS Engineers, an environmental consulting and construction firm based in California, is now 100% employee-owned through its ESOP.
Cornerstone Systems
February 13, 2020. Logistics provider Cornerstone Systems is now 100% employee-owned, completing a transition that began in 2013. The company is headquartered in Tennessee.
Southwest Airlines
February 6, 2020. Though Southwest Airlines had a difficult year in 2019, it still made money—and it’s sharing that profit with its 60,000 employees (many of whom also own stock). The profit share amounts to about an additional six weeks of pay.
Cornerstone Systems
February 3, 2020. Tennessee-based Cornerstone Systems, a third-party logistics provider, announced that it is now a 100% employee-owned company.