Employee ownership trust

H.I.G. WhiteHorse Finances Churchill Group in the UK

Retrieved on: 
Monday, October 2, 2023
Professional Services, Other Professional Services, Other Construction & Property, Commercial Building & Real Estate, Finance, Construction & Property, Building Systems, Growth, Whitehorse, H.I.G. Capital, Culture, Employee ownership trust

H.I.G.

Key Points: 
  • H.I.G.
  • "), is pleased to announce that it has arranged a financing package for Churchill Group (“Churchill” or the “Company”).
  • James Bradley, Group CEO, said: “We are delighted to have worked with H.I.G Whitehorse in becoming an Employee-Owned Trust.
  • Whitehorse to support Churchill during its next phase of growth as an Employee-Owned Trust.

Soho Square Exits Investment in Churchill via Sale to Employee Ownership Trust Following 3 Years of Transformational Growth

Retrieved on: 
Tuesday, August 15, 2023
Professional Services, Finance, FM, Education, Culture, EOT, Employee ownership trust, Soho Square, Sale, Public sector, EBITDA, PWC, Stuart Hamilton, Growth, Principal, SME, Portfolio management, Nightclub, Winston Churchill

Since Soho Square invested in Churchill in 2020, the business has won considerable market share and undergone a period of significant organic growth, which has seen EBITDA almost double.

Key Points: 
  • Since Soho Square invested in Churchill in 2020, the business has won considerable market share and undergone a period of significant organic growth, which has seen EBITDA almost double.
  • This above-plan growth has enabled Churchill to fully exit Soho Square from its investment after a hold period of just three years.
  • The sale is to an EOT which sees the business return to full employee ownership.
  • Soho Square and Churchill were advised by Grant Thornton (corporate finance), Shoosmith’s (legal) and PWC (financial due diligence).

Supporting small businesses and creating good jobs

Retrieved on: 
Tuesday, April 12, 2022
Woman, Canada Border Services Agency, AB, Employee ownership trust, Tourism, Municipal government in Canada, Transport Canada, Growth, Heart, Movement, Agriculture, Canada small business tax rate, Investment, Section 50C of the Isle of Man Income Tax Act 1970, Income tax, Oil, Renewable energy, Online shopping, Management

That's why the Government of Canada is proposing new measures in Budget 2022 to support small and medium-sized businesses so they can grow, innovate, and stay competitive, while creating good, middle class jobs.

Key Points: 
  • That's why the Government of Canada is proposing new measures in Budget 2022 to support small and medium-sized businesses so they can grow, innovate, and stay competitive, while creating good, middle class jobs.
  • The measures proposed in Budget2022 include:
    Cutting taxes for Canada's growing small businesses by ensuring growing businesses can take advantage of Canada's low small business tax rate until their taxable capital reaches $50 million, rather than $15 million.
  • This will encourage small businesses to continue growing and creating jobs.
  • Growing Canada's health-focused small and medium-sized businesses by investing $30 million to expand the Coordinated Accessible National Health Network to Quebec, the territories, and Indigenous communities to help health technology businesses grow, create good middle class jobs, and deliver better care to Canadians.

EO Equals Campaign Launches to Strengthen Communities Through Employee-Owned Businesses

Retrieved on: 
Monday, October 4, 2021
Professional Services, Philanthropy, Public Policy, Government, State, Local, Other Professional Services, Small Business, Foundation, Nexus, Evergreen Cooperatives, Goal, Partnership, Human, Employee ownership trust, Thought, ICA, Equal, Solution, ESOP, ICA Group, EO, Income, Fund, Ownership, Massachusetts Center for the Book, Child care, Twitter, Growth, Awareness, Small business, Alternative, Â, Retirement, Research, Diana Blank, Color, Evergreen, Investment, Movement, Nigerian Capital Development Fund (NCDF), Synthetic oil, Public relations, Pharmaceutical industry, Management, The Kendeda Fund, The Fund for Employee Ownership, the ICA Group, Nexus Community Partners, Project Equity, THE KENDEDA FUND, THE FUND FOR EMPLOYEE OWNERSHIP, THE ICA GROUP, NEXUS COMMUNITY PARTNERS, PROJECT EQUITY

The new Employee Ownership Equals campaign (EO Equals) launches today to help American small business owners understand the broad business benefits of employee ownership (EO) and get the support they need to transition to the EO model that is right for them.

Key Points: 
  • The new Employee Ownership Equals campaign (EO Equals) launches today to help American small business owners understand the broad business benefits of employee ownership (EO) and get the support they need to transition to the EO model that is right for them.
  • EO Equals increases awareness of the countless benefits of EO, including increased profits, secure owner retirement, motivated employees, and access to capital for growth.
  • Through EO Equals, the founding partners work with small business owners to help them transition to the EO model that is right for them.
  • Through the EO Equals campaign we hope to increase the number of business owners who are knowledgeable about, contemplating, and taking action to transition to EO.

Project Equity launches new financing option to help local businesses build for the future

Retrieved on: 
Thursday, September 2, 2021
Foundation, Awareness, CDFI, The, ESOP, Silver, IDFC Project Equity, Income, Family, Share capital, Color, Employee stock ownership, Racism, CA, EOT, Movement, Investment, Data analysis, Retirement, Holey Artisan Bakery, CEO, Ownership, Sale, Nightwatch in the Living City, Growth, Gaps, Employee ownership trust, Management, Bank, Insurance, Security (finance)

Project Equity, a national leader in the movement to expand employee ownership has launched a new initiative to provide flexible capital to companies on the path to employee ownership.

Key Points: 
  • Project Equity, a national leader in the movement to expand employee ownership has launched a new initiative to provide flexible capital to companies on the path to employee ownership.
  • The Employee Ownership Catalyst Fund provides working capital and transaction financing to businesses with 25-100+ employees.
  • While the past year has been challenging, savvy business owners see the opportunity now to build for the future by transitioning to employee ownership.
  • Project Equity is a national leader in the movement to harness employee ownership to maintain thriving local business communities and address income and wealth inequality.

New Data Finds Aging Baby Boomers Own Half of Small Businesses in North Carolina; Vast Majority Have No Concrete Exit Plan, Putting Local Jobs and State Revenue at Risk

Retrieved on: 
Monday, August 9, 2021
Triangle, Employee ownership trust, Retirement, COVID-19, Legacy, Human resources, IDFC Project Equity, Culture, EOTS, Columbia Forest Products, Small business, Employee Stock Ownership Plan, Industry, Movement, Ownership, Risk, Income, Transport, Awareness, ESOP, Lawyer, Winston-Salem, North Carolina, The, Education, Textile, Bank, Airline, Management

Developed by Project Equity, the study shows that baby boomers own half of the privately held businesses with employees in North Carolina and the majority of owners have no concrete exit plan, putting local jobs and state revenue at risk.

Key Points: 
  • Developed by Project Equity, the study shows that baby boomers own half of the privately held businesses with employees in North Carolina and the majority of owners have no concrete exit plan, putting local jobs and state revenue at risk.
  • According to the study, business owners nearing retirement age own more than 78,000 businesses in North Carolina and employ approximately 880,000 employees.
  • It provides small business ownership data by county and by industry to illustrate how communities across the state may be affected.
  • The North Carolina Employee Ownership Center (NCEOC) serves as the central hub for employee-owned businesses in North Carolina.

Unlocking the potential of employee ownership in Canada

Retrieved on: 
Monday, April 19, 2021
Employee ownership trust, Employee stock ownership, Employee stock ownership plan, Canadian Federation of Independent Business, EOTS, Articles, Organizations, Economy

"It\'s great to see the government recognize that employee ownership could be part of rebuilding a more inclusive, more resilient economy.

Key Points: 
  • "It\'s great to see the government recognize that employee ownership could be part of rebuilding a more inclusive, more resilient economy.
  • Canada does not have a business structure comparable to the employee ownership trust.\nA recent survey by the Canadian Federation of Independent Business (CFIB) suggests significant interest among Canadian business owners in employee ownership.
  • SCP initiated their Employee Ownership Capital project in 2019 to link institutional capital to employee ownership conversions in the United States using the Employee Stock Ownership Plan structure.
  • EOTs are a form of broad-based employee ownership, where all employees are included in ownership.