Employee Owned America

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The Drumbeat


The Drumbeat

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.

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Palmer Holland

January 10, 2020. Palmer Holland, a specialty chemical company headquartered in Ohio, has converted to employee ownership through an ESOP.

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Andesa Services

January 8, 2020. Employees now own 100% of Andesa Services Inc. The Pennsylvania company provides cloud-based services to the insurance industry.

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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.

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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.

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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.