Rick

The Indiana Center for Employee Ownership (INCEO) promotes the value of employee ownership to Indiana business owners.

[Rick @IndianaCEO]

The NJ/NY Center for Employee Ownership, with support of the W.K. Kellogg Foundation, has developed a FREE online education program to educate business advisors about employee ownership business succession strategies.

The new online program allows business advisors to learn at their own pace through a series of easy-to-navigate modules. The program content is delivered by instructors sharing their real-world experience, with a focus on instruction for selling the business to employees using an Employee Stock Ownership Plan (ESOP). ALL are invited to access this free program.
To register for this free program:
https://t.co/t3inE0RzHb
#ESOP #EmployeeOwnership

[Rick @IndianaCEO]

Bugler Group, transitions to employee ownership via an EOT.  Andy Bugler said: "Transitioning to employee ownership represents an exciting new chapter for Bugler Group and provides a strong platform for the long-term future of the business.
https://t.co/2LvqhusY8G
#EOT #EmployeeOwnership

[Rick @IndianaCEO]

Many thanks to Rep Mike Kelly @MikeKellyPA (R-PA-16) for supporting employee ownership and cosponsoring H.R. 3105 Promotion and Expansion of Private Employee Ownership Act of 2025
For more information of Federal legislation see: https://t.co/WlrfQkGLCY

[Rick @IndianaCEO]

Cleveland Electric, transitions to employee ownership via an ESOP.  “Employee ownership is a natural extension of the principles that have guided Cleveland Electric for generations,” Vann Cleveland, Vice President of Business Development, said in a statement. “Our employees have always been central to the success of this company. The (Employee Stock Ownership Plan) creates an opportunity for them to participate directly in Cleveland’s future while preserving the legacy that began more than a century ago.”
https://t.co/QpviRHodPp
#ESOP #employeeownership

[Rick @IndianaCEO]

Richard Hochfeld Group, transitions to employee ownership via an EOT.  Alan Guindi said: “The RH Group has been built by its workforce. Their hard work, our hard work, have made the business and relationships what they are today.  “When my brother Chris and I considered the future, we wanted to protect that. Employee ownership means we can keep RH independent and give the people who have helped build it a genuinely meaningful place in the years to come.”
https://t.co/xAqtwueZZz
#EOT #EmployeeOwnership

[Rick @IndianaCEO]

In Hendricks County Indiana, there are approximately 1,088 businesses with owners aged 55 or over. These businesses employee over 13K residents, with a payroll over $400M, and $2B in revenue. What will happen to these businesses when their owners decide to retire? Why not sell your business to your employees via an Employee Stock Ownership Plan?
For more information:
https://t.co/DSFWr8BKBo

[Rick @IndianaCEO]

Martin Landscaping, transitions to employee ownership via an ESOP.  The employees who have contributed to the company's success now have an opportunity to participate financially in its future.
https://t.co/sdr0Aqh8CG
#ESOP #EmployeeOwnership

[Rick @IndianaCEO]

Baldwin & Shell, transitions to employee ownership via an ESOP. “Having 39 shareholders showed us the value of an ownership culture, and we wanted to extend that opportunity to the employees who make Baldwin & Shell successful every day,” said Bobby Gosser, CEO of Baldwin & Shell. “Our goal is to strengthen that culture and provide a meaningful, tangible reward to the people who have made this company a place to build a career.”
https://t.co/01b8QiCVhO
#ESOP #EmployeeOwnership

[Rick @IndianaCEO]

Manufacturing Employees Perform Better—and Stay Longer— When They Own a Piece of the Company https://t.co/Y1LfppTINU
#ESOP #EmployeeOwnership

[Rick @IndianaCEO]

For Indiana ESOPs in 2024, what was the total distributions to ESOP participants?

[Rick @IndianaCEO]

BSP Consulting, transitions to employee ownership via an EOT.  “Employee ownership gives our staff a greater stake in the future success of BSP and reinforces the values, independence and long-term approach that have helped shape the company. We can all legitimately describe ourselves as owners of the business and that means we all have a genuine stake in the future success of BSP”.
https://t.co/7vIbQ6Tafu
#EOT #EmployeeOwnership

[Rick @IndianaCEO]

Collins Construction, transitions to employee ownership via an EOT.  Jason Warren, managing director of Collins Construction, said: “Moving to employee ownership is an important milestone for Collins Construction and one that feels particularly fitting as we celebrate our 70th year. We wanted to find an ownership model that would protect our independence and the culture we have built, while creating a strong foundation for the future."
https://t.co/wdMP4fUPYk
#EOT #EmployeeOwnership

[Rick @IndianaCEO]

Did you know....
Indiana ESOPs have distributed approximately 4.7 Billion dollars to ESOP participants from 2009 through 2025!
#ESOP #EmployeeOwnership

[Rick @IndianaCEO]

The O'Connell Companies, transition to employee ownership via an ESOP. “We structured this transaction to make sure it works the same way this company always has — for the long term,” said Joe McMahon, president of the O’Connell Companies. “An ESOP gives our employees real, lasting ownership in a business many of them have already given decades of their careers to, and sets it up to keep growing for generations to come.”
https://t.co/1lFOfsnZn5
#ESOP #EmployeeOwnership

[Rick @IndianaCEO]

Rickmansworth-based Bugler Group, transitions to employee ownership via an EOT.  “This carefully considered decision was made very much with succession and the longevity of our business at the forefront of our minds, in the knowledge that an EOT provides an ownership structure designed to protect and enhance the culture and values that have defined us since the inception of our business.”
https://t.co/Ws9oLUayUw
#EOT #EmployeeOwnership

[Rick @IndianaCEO]

The study identified $141.8 billion in total ESOP distributions paid out to workers and beneficiaries from 2009 through 2024.
https://t.co/VD6Xe5Xvx4

[Rick @IndianaCEO]

New York City's Worker Cooperative Business Development Initiative - Reflections on Ten Years and Looking to the Future
Research report -
https://t.co/NAGHPTanPz
#employeeownership

[Rick @IndianaCEO]

Holthouse Carlin & Van Trigt, transitions to employee ownership via an ESOP. “Our firm has always been about our people and our clients,” said Phil Holthouse, the firm’s chairman. “Historically, the partners have owned the firm, and we look forward to extending that to our employees.”
https://t.co/lNWg8ySeQt
#ESOP #EmployeeOwnership

[Rick @IndianaCEO]

Rebellion Beer Company, transitions to employee ownership via an EOT.  Co founder Gloyens has said that he is “really pleased” that the future of the business and noted that with this move the brewery would continue to be “safe in Marlow for years to come”.  Echoing this, Kerridge [of Kerridge's restaurants]  also highlighted how the brewery had “always been a people first company” and described the transfer as “heartwarming and exciting for the company”.
https://t.co/dACJzixEtg
#EOT #EmployeeOwnership