In Other News

Employee-Owned Dealership Celebrates 50 years – The Honda North dealership in Danvers, MA celebrated 50 years in business and also won the coveted President's Award from American Honda Motor Co., Inc. for the 16th time in 24 years – an excellent example of how resilient employee-owned companies are and how they often outperform peers. Read more →

RF MacDonald Company Becomes an ESOP – RF MacDonald Company – a commercial and industrial heating business based in Hayward, CA with 270 employees – has transitioned to an ESOP, offering its employees improved job security and competitive compensation. Read more →

Sport Park Building Company Becomes an ESOP – Missouri-based American Ramp Company, which designs and builds Action Sports Parks including municipal skate and bike parks, worked with EOX National Service Provider Prairie Capital Advisors, Inc. to become an ESOP. Read more →

Edible Beats Becomes 100% Employee-Owned – Restaurant Group Edible Beats in Denver, CO – with more than 325 employees – joined a handful of restaurants in the U.S. that are employee-owned. Read more →

Employee-Owned Davey Tree Acquires Two New Companies – Davey Tree Expert Co. in Kent, OH has acquired VanCuren Services and Midwest Land Clearing – both of Newbury, Ohio – to its brand family. Read more →

Employee-Owned Fastener Industries Acquires Die Co, Inc. – The parent company of a group of employee-owned fastener distributors in Berea, OH, Fastener Industries Inc. has acquired Die Co. Inc. based in Eastlake, OH – a family-owned manufacturer of spring steel fasteners and metal stampings. Read more →

Resources

Article on the Pros & Cons of ESOPs – EOX National Service Provider Prairie Capital Advisors, Inc. gives a great overview of the pros and cons of an ESOP for those who are in the early stages of comparing employee ownership to a management buyout. Read the article → 

Celebrate Hispanic Heritage Month – Learn more about the U.S. Latino population, which includes over 60 million individuals (according to the U.S. Census Bureau) and makes up 18.9% of the U.S.'s total population. The National Museum of the American Latino has a great primer on the history of Latinos, what Hispanic Heritage Month is, and the difference between "Hispanics" and "Latinos." Read more →

Report Highlights Benefits of EO for Food/Farming Sector – A new report from the Open University examines Riverford Organic Farmers transition to 100% employee ownership as an example of how to create a more equitable, sustainable, and resilient food system. Read more →

First Worker Coop Veterinary Practice Video –  The retiring business owners of Cooperative Veterinary Care in Spring Green and Mazomanie, WI became one of the first worker cooperative veterinary practices in the country in January, 2023. Learn why the owners chose this model in this short video produced by the UW Center for Cooperatives.. Watch video →

Featured Events

NCEOC Co-hosts FREE EO Webinar Oct. 15 – The North Carolina Employee Ownership Center (NCEOC) and the Small Business Center Network will cohost a FREE webinar on Oct. 15 at noon EST to discuss employee ownership as a way to attract and retain great employees. Register here → 

“Is an ESOP Right for You?” Workshop Oct 21-22 – Join the National Center for Employee Ownership(NCEO) in Phoenix, AZ for a 101 on ESOPs including why you should choose one as part of your succession plan along with real-world examples. Registration is exclusive to companies exploring employee stock ownership plans (ESOPs). Register here →

Click the State Center link below for more information about their events celebrating Employee Ownership Month:

Colorado Employee Ownership Office (CEOO) – Oct. 17 

Iowa Center for Employee Ownership (IA-CEO) – Oct. 16 

Illinois Center for Employee Ownership (ILCEO) – Oct 24

Georgia Center for Employee Ownership (GACEO) – Oct. 24

North Carolina Employee Ownership Center (NCEOC) – Oct. 24 

September Events Recap 

If you would like to get more involved in a State Center near you or at the national level, please email Steve Storkan at sstorkan@eoxnetwork.org.

If you're interested in donating to support our work to expand employee ownership across the United States, please click the button below to make a tax-deductible gift to the Employee Ownership Expansion Network – EOX (EIN: 83-2849677).