True North Networks
January 11, 2020. The owner of New Hampshire–based True North Networks is selling the company to an ESOP. The company’s 40 employees provide IT services to clients in 35 states.
Browsing Category:
The Drumbeat
Palmer Holland
January 10, 2020. Palmer Holland, a specialty chemical company headquartered in Ohio, has converted to employee ownership through an ESOP.
Andesa Services
January 8, 2020. Employees now own 100% of Andesa Services Inc. The Pennsylvania company provides cloud-based services to the insurance industry.
Georgia Theater Company
January 4, 2020. Georgia Theater Company will now be owned by its 700 employees through a newly created trust. The firm operates movie theaters at 25 locations in four states.
EoX Update
December 31, 2019. The Employee Ownership Expansion Network (EoX), in a year-end review, announced the opening of new state centers in North Carolina and Georgia, with plans in the works for centers in Minnesota, Michigan, and Florida. The group has raised more than $900,000 to date.
Bergen Plumbing
December 31, 2019. Iowa-based Bergen Plumbing, Heating & Cooling has transferred 100% ownership of the company to its employees via an ESOP.
Pride & Service Elevator
December 26, 2019. Pride & Service Elevator has completed a transaction to become 100% employee-owned through an ESOP. The New York City company was founded in 1983.