TAG: ESOP

West Coast tree company transitions to employee ownership

November 14, 2017By

Arborwell transitioned to employee ownership by becoming a 100 percent Employee Stock Ownership Plan (ESOP) Trust, on Jan. 1. The Hayward, Calif.-based tree care company’s 200 employees became beneficial owners through the ESOP. Peter Sortwell, founder of Arborwell, views this as a natural step consistent with the firms’ recognition of employee contributions to the success of the company and his... read more

That’s ‘associate’ to you

July 26, 2017By
Photo: Garden Design

Be careful, landscape business owners. Garden Design’s story shows how a disrespected employee may end up as a successful crosstown rival.  Andrew Haynes’ business card reads associate, not owner, CEO or founder of Garden Design in Farmers Branch, Texas, though at one point in time he’s been all those things. And don’t let him hear you calling his coworkers his... read more

NCEO dubs Davey largest ESOP service firm in the U.S.

June 17, 2014By

The Davey Tree Expert Co. is the largest employee-owned service firm in the U.S., according to data from the National Center for Employee Ownership (NCEO). The NCEO’s 2014 Employee Ownership 100 list includes the nation’s largest companies that are at least 50 percent owned by an employee stock ownership plan (ESOP) or other broad-based employee ownership plan. Davey, which employs 7,800... read more

April 2014 Web Extra: Assembling your ESOP team

April 7, 2014By

Due to the complexities of setting up an employee stock ownership plan (ESOP), featured in “Ownership pride,” proprietors must enlist the help of several experts to ensure the company has a smooth transition to an ESOP. Kelly Finnell, president of Executive Financial Services, calls these individuals your ESOP team and says it typically consists of: The company’s owner(s) or successor... read more

April 2014 Web Extra: A take on ESOP education

April 7, 2014By

David DuBois, president of Mission Landscape, says the most difficult part of maintaining an employee stock ownership plan (ESOP) is “educating the (employee) ownership.” Which is why the company created an ESOP newsletter to overcome that hurdle. DuBois, who was featured in this month’s cover story, “Ownership pride,” provided a couple of copies of the newsletters, which include (all PDFs):... read more

April 2014 Web Extra: Example ESOP feasibility analysis

April 7, 2014By

Prior to implementing an employee stock ownership plan (ESOP), S and C corporations must undergo a feasibility analysis to determine whether the company is financially qualified to do so. In hand with this month’s cover story, “Ownership pride,” CCG Advisors provided an example feasibility analysis for a company seeking to implement a leveraged ESOP. In this example the company is... read more