Rick

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

[Rick @IndianaCEO]

ESOPs grow through acquisition.
HGF Buys Ace Hardware in Butler PA, As a 100% employee-owned company, HFG said it remains committed to investing in strong, community-focused businesses and continuing to support the Butler community while carrying forward the tradition of helpful service customers expect from Ace Hardware of Butler.
https://t.co/fKbrgfIJuM
#ESOP #EmployeeOwnership

[Rick @IndianaCEO]

ESOPs grow through acquistions!
ISG acquires R.E. Warner & Associates, "As R.E. Warner joins the ISG team, we are positioned to deliver greater value to clients through expanded capabilities, particularly within the power market,” said Ted Beltavski, R.E. Warner’s President and CEO. “As a combined organization, we are better equipped to pursue larger, more diverse projects nationwide. R.E. Warner employees, now proud members of ISG’s ESOP, look forward to a stronger platform for professional growth, employee ownership, and shared success as our teams move forward together."
https://t.co/huHXMzay15
#ESOP #EmployeeOwnership

[Rick @IndianaCEO]

CC Pace Systems, an IT staffing and consulting firm headquartered in Fairfax, Virginia, has been acquired by Mitchell Martin, Inc. (MMI), an employee-owned IT, healthcare, and professional staffing firm.
https://t.co/t7Sg4Wcaiq
#ESOP #EmployeeOwnership

[Rick @IndianaCEO]

Tuttle Printing, transitions to 100% employee ownership via an ESOP.  The transaction completes an employee-ownership journey that began in 1995, when Tuttle first established its ESOP. With this final share purchase, the company is now fully owned by the employees who operate and serve the business every day.
https://t.co/PBMCzyP4sj
#ESOP #EmployeeOwnership

[Rick @IndianaCEO]

Hustle, transitions to employee ownership via direct ownership purchase. The purchase is structured around an ownership model that deliberately closes the equity gap between leadership and staff. The spread between the most senior leader and the newest staffer is less than 4-to-1, ensuring every voice carries real weight and no single team member can steer the company in a direction the entire team wouldn’t follow.
https://t.co/vC0Df1PrmA
#employeeownership

[Rick @IndianaCEO]

Many thanks to Senator's Tim Kaine (D-VA) @SenTimKaine and Marsha Blackburn (R-TN) @MarshaBlackburn for supporting and cosponsoring S.1645 - American Ownership and Resilience Act. For more information on federal legislation supporting employee ownership:
https://t.co/F8RIt5SQzN
#ESOP #EmployeeOwnership

[Rick @IndianaCEO]

May 14, 2026, Signature Vacuum, transitions to employee ownership via an EOT.  We’ve had opportunities to sell the business over the years, but we kept coming back to how to carry the culture forward and take care of the people here.” — Greg Kimble, Co-Founder, Signature Vacuum.  “For us, it came down to taking care of our customers and our employees,” shared Tim Horning, Co-Founder of Signature Vacuum. “That’s really what guided this decision.”
https://t.co/GwpxSwjzRC
#EOT #EmployeeOwnership

[Rick @IndianaCEO]

INCEO would like to recognize and thank the Hendricks County Community Foundation, the Stronger Together Grantmaking fund for awarding a grant to help fund our 2026 - 2027 employee ownership education series in Hendricks County.  Our mission is to provide employee ownership education to Indiana business owners, and this grant will enable a dedicated series of lunch and learn sessions on employee ownership models and strategies. For more information:
https://t.co/FfXAuXQECj

[Rick @IndianaCEO]

Interested in learning more about employee ownership, Employee Stock Ownership Plans (ESOPs), Employee Ownership Trusts (EOTs), or Worker Cooperatives?
Request our free booklet on Selling your Business To Your Employees!
https://t.co/fhZSIy53SF
#EmployeeOwnership

[Rick @IndianaCEO]

Okland Construction, transitions to employee ownership via an ESOP.  “What started as a family business is still a family business. That hasn’t changed and it’s not going to change,” said Bill Okland, CEO of Okland Construction. “This decision is about strengthening that foundation, not replacing it. The people who have helped us grow now have the opportunity to share in that success.”
https://t.co/uPP66A1Xpg
#ESOP #employeeownership

[Rick @IndianaCEO]

Kimray, transitions to employee ownership via an ESOP.  “Our founder Garman Kimmell believed in building something that lasts, in treating people right, and in creating opportunity through honest work,” said Thomas Hill III, Kimray’s chairman and chief executive officer. “By transitioning to employee ownership, we’re ensuring that Kimray remains an independent company where hard work is rewarded, where quality matters more than shortcuts, and where the people doing the work share in the success they create.”
https://t.co/98UhLN13vc
#ESOP #employeeownership

[Rick @IndianaCEO]

Quinn London, transitions to employee ownership via an EOT.  Chairman and founder Seamus Quinn said: “The move to an Employee Ownership Trust represents an exciting new chapter for Quinn London.  “Our people have always been central to our success, and this transition ensures they have a direct stake in the future of the business.  “It allows us to preserve our values, strengthen our culture, and build on the solid foundations we have established.”
https://t.co/lsMnP6eRGI
#EOT #employeeownership

[Rick @IndianaCEO]

Route One Retail Limited, transitions to employee ownership via an EOT.  Richard Boissevain, founder and CEO, said: "After 35 years building Route One, it was important to me that the business remained true to its core values, its people and the community it serves. An employee ownership structure does exactly that – it keeps Route One independent, purpose‑driven and aligned with the culture of our customers and team.
https://t.co/haopjJEkV4
#EOT #employeeownership

[Rick @IndianaCEO]

ESOPs grow through acquisition - Vistal acquires WHS and FARR Technologies, “By bringing together organizations that share our values and commitment to employee ownership, we are building an enterprise designed for excellence and long-term success—for our people, our clients, and the future of Vistal. It is the essence of how we will continue to own our future together,” [Vistal CEO] Waslaski said.
https://t.co/LujDsHOvwU
#ESOP #employeeownership

[Rick @IndianaCEO]

Many thanks to Rep Mark Alford @RepMarkAlford (R-MO-4), and Rep Ro Khanna @RepRoKhanna (D-CA-17) for cosponsoring and supporting H.R.3105 - Promotion and Expansion of Private Employee Ownership Act of 2025. For more information on Federal Legislation supporting employee ownership see:
https://t.co/F8RIt5SQzN
#employeeownership

[Rick @IndianaCEO]

Many thanks to Rep. Sarah McBride @Rep_McBride (D-DE-At Large) for supporting and cosponsoring H.R.3248 - American Ownership and Resilience Act. For more information on federal legislation supporting employee ownership see:
https://t.co/WlrfQkGdNq
#EmployeeOwnership #ESOPs

[Rick @IndianaCEO]

Nisus, transitions to employee ownership via an ESOP.  Pat Dietrich said in a news release, “Bud and I have always loved the people who make Nisus work. This was the perfect way to recognize their hard work and loyalty, and to protect what makes Nisus so special.”
https://t.co/ZQ4d50kqqB
#ESOP #EmployeeOwnership

[Rick @IndianaCEO]

Rhode Island - two new bills supporting employee ownership:
Rhode Island H.7570 This bill would create the Rhode Island Center for Employee Ownership (RICEO), housed within the Rhode Island Small Business Development Center.
Rhode Island H.7696 The bill would also allow existing employee-owned businesses to claim a credit for expansion costs if they increase employee ownership by at least 20% of the company’s total ownership.
More information on pro-employee state legislation see:
https://t.co/V6aw0gBKlJ
#EmployeeOwnership #ESOP

[Rick @IndianaCEO]

Kanawha Scales & Systems Launches Employee Ownership Plan - https://t.co/oEQECQVQJN

[Rick @IndianaCEO]

Kanawha Scales & Systems, transitions to employee ownership via an EOP/Direct Ownership plan.  “Our success in relaunching as an independent company could not have been possible without the dedication and focus of our talented employees. We are proud to reward them with a stake in the Company so that they ultimately benefit from the value they help create,” said Chris Carsten, CEO of KSS. “By giving employees a meaningful share in our success, we ensure that everyone connected to KSS is aligned to deliver for our customers and drive growth.” -https://t.co/1Ht4gRedKO

#employeeownership