Employee Stock Ownership Plan

Beacon Announces Agreement to Purchase Smalley & Company, a Regional Specialty Waterproofing Distributor

Retrieved on: 
Tuesday, April 2, 2024
Architecture, Other Construction & Property, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Building Systems, Urban Planning, Sale, Acquisition, BECN, Employee Stock Ownership Plan, CO, Smalley

Beacon (Nasdaq: BECN), the only publicly traded specialty roofing and complementary products distributor, announced today that it signed a purchase agreement to acquire Smalley & Company, headquartered in Denver, CO with eleven locations in Colorado, Arizona, California, Nevada, New Mexico and Utah.

Key Points: 
  • Beacon (Nasdaq: BECN), the only publicly traded specialty roofing and complementary products distributor, announced today that it signed a purchase agreement to acquire Smalley & Company, headquartered in Denver, CO with eleven locations in Colorado, Arizona, California, Nevada, New Mexico and Utah.
  • Smalley is a privately held company, which is 100% owned by an Employee Stock Ownership Plan and Trust (“ESOP”).
  • Closing the contemplated transaction requires a majority vote of the plan’s Participants giving the ESOP Trustee authorization to approve the sale.
  • Smalley & Company has been providing contractors, design professionals, and owners with tailored sealant and waterproofing solutions since 1967.

Matrix HG Works with The Menke Group to Adopt the Employee Ownership Model with an Employee Stock Ownership Plan (ESOP)

Retrieved on: 
Tuesday, April 2, 2024
ESOP, Reward, Philosophy, Matrix, Art, Employee stock ownership, HVAC, Employee Stock Ownership Plan, Retirement, Management

The Menke Group will assist Matrix HG to extend ownership of the company to their employees by way of an Employee Stock Ownership Plan (ESOP ).

Key Points: 
  • The Menke Group will assist Matrix HG to extend ownership of the company to their employees by way of an Employee Stock Ownership Plan (ESOP ).
  • ESOPs are the most commonly-used forms of employee ownership in the United States, according to the National Center for Employee Ownership .
  • In addition to helping create financial security for employees, an ESOP is designed to encourage and reward increased employee productivity and efficiency.
  • "We're committed to our skilled and talented employee-owners, and we want to thank the Menke Group for their excellent advice and counsel in structuring and launching our ESOP."

GOLDEN HIPPO, AND ITS SISTER COMPANIES; GOLDEN CUSTOMER CARE, GOLDEN BOLT, AND GOLDEN PET MANUFACTURING WIN THE 2024 USA TODAY TOP WORKPLACES AWARD

Retrieved on: 
Wednesday, March 20, 2024
Digital marketing, Health, Organization, Culture, Learning, Partnership, Beauty, Employee Stock Ownership Plan, Television, Fortune 500, Workplace, Tech, Video game

WOODLAND HILLS, Calif., March 20, 2024 /PRNewswire/ -- Golden Hippo —the leading direct-to-consumer creator and marketer of over 20 brands, including health, beauty, and pet care—and its sister companies, Golden Customer Care , Golden Bolt , and Golden Pet Manufacturing celebrate winning the 2024 USA TODAY Top Workplaces USA award.

Key Points: 
  • WOODLAND HILLS, Calif., March 20, 2024 /PRNewswire/ -- Golden Hippo —the leading direct-to-consumer creator and marketer of over 20 brands, including health, beauty, and pet care—and its sister companies, Golden Customer Care , Golden Bolt , and Golden Pet Manufacturing celebrate winning the 2024 USA TODAY Top Workplaces USA award.
  • Golden Hippo, Golden Customer Care, and Golden Bolt's award-winning culture and benefits are designed to create and foster an inclusive and innovative team.
  • Golden Hippo, Golden Customer Care, and Golden Bolt's award-winning culture and benefits are designed to create and foster an inclusive and innovative team.
  • Golden Hippo, Golden Customer Care, Golden Bolt, and Golden Pet Manufacturing offer employer-paid benefits, an Employee Stock Ownership Plan, a generous matching 401k, results-based pay increases, learning and development, and much more.

UP Fintech: Client Assets Hit Record High, Over 75% from Clients in Markets such as SG; 2023 Net Income Surged by 237%

Retrieved on: 
Wednesday, March 20, 2024
Bitcoin, ESOP, PR, SGX, TAMP, Software as a service, Growth, Communication, CHESS, Tiger, ASX, News, IPO, Fintech, CME, Employee Stock Ownership Plan, Investment, AUM, Quarter, Depreciation, HK, ETF

In 2023, the company added 123,110 funded accounts, mainly from markets outside the Chinese mainland, surpassing annual guidance of 100,000.

Key Points: 
  • In 2023, the company added 123,110 funded accounts, mainly from markets outside the Chinese mainland, surpassing annual guidance of 100,000.
  • This drove a quarter-over-quarter increase of 62.1% and a year-over-year increase of 118.5% in total client assets, reaching US$30.6 billion.
  • Our global funded clients and assets have surged over tenfold, with revenue nearly quadrupling and net incomes compounding at a rate of 72%.
  • In 2023, UponeShare added 116 new corporate clients, bringing the total number of serviced corporate clients to 535.

State of Franklin Healthcare Associates - Introducing the Quintus Aim in Healthcare: Empowering Employees for Improved Outcomes with an Employee Stock Ownership Plan (ESOP)

Retrieved on: 
Friday, March 15, 2024
Well, Engagement, Element, ESOP, Triple, Health, Culture, Organization, Job satisfaction, Growth, Motivation, Mayo Clinic Proceedings, Trust, Empowerment, Patient, Recognition, Nursing, Interface (computing), Knowledge, Associate, Health care, Strategic planning, Population Health Management, Quintus, Organizational culture, Pepperdine University, Employee engagement, SVA, Employee Stock Ownership Plan, Patient satisfaction, Heart, Creativity, Population health, Workforce, Workload, AIM, Multimedia, State, IHI, Human, Management

JOHNSON CITY, Tenn., March 15, 2024 /PRNewswire/ -- In recent years, the healthcare industry has embraced the concepts of the triple and quadruple Aim, focusing on improving patient outcomes, enhancing patient experience, reducing costs, and promoting physician satisfaction. However, a vital component has been missing - the quintessential element that embodies the spirit of collaboration, empowerment, and inclusivity: the workforce. In this white paper, we introduce the Quintus Aim, a paradigm shift to a 5-part model that places employees at the forefront of healthcare transformation. Moreover, we propose the integration of an Employee Stock Ownership Plan (ESOP) to enhance employee engagement via equity ownership. By involving employees as active participants in the pursuit of better outcomes and offering them a stake in the organization, the Quintus Aim with an ESOP aspires to revolutionize healthcare delivery, fostering a culture of engagement, innovation, and excellence.

Key Points: 
  • Moreover, we propose the integration of an Employee Stock Ownership Plan (ESOP) to enhance employee engagement via equity ownership.
  • However, amidst these frameworks, one key stakeholder has often been overlooked — the employees who form the backbone of healthcare organizations.
  • Furthermore, the introduction of an Employee Stock Ownership Plan (ESOP) serves to deepen employee engagement and empowerment, amplifying their role in organizational success.
  • The Quintus Aim expands upon the principles of the Triple and Quadruple Aim by introducing a fifth dimension - Employee Engagement and Empowerment.

Brown Construction Works with Menke to Become 100% Employee-Owned with an Employee Stock Option Plan (ESOP)

Retrieved on: 
Tuesday, March 12, 2024
ESOP, Reward, SAN, Employee stock ownership, ENR, Employee Stock Ownership Plan, Retirement, Management

The Menke Group enabled Brown Construction to extend ownership of the company to their employees by way of an Employee Stock Ownership Plan (ESOP ).

Key Points: 
  • The Menke Group enabled Brown Construction to extend ownership of the company to their employees by way of an Employee Stock Ownership Plan (ESOP ).
  • ESOPs are the most commonly-used forms of employee ownership in the United States, according to the National Center for Employee Ownership .
  • In addition to helping create financial security for employees, an ESOP is designed to encourage and reward increased employee productivity and efficiency.
  • With 130 employees, Brown Construction is known for the many notable projects they have built throughout California.

Dane Anderson Joins Reell Precision Manufacturing as Chief Financial Officer

Retrieved on: 
Monday, March 11, 2024
ESOP, Financial management, KPMG, CFO, Dane Anderson, University, Employee Stock Ownership Plan, Minneapolis–Saint Paul, SAINT, KPMG LLP, Torque, Family, Management

SAINT PAUL, Minn., March 11, 2024 /PRNewswire-PRWeb/ -- Reell Precision Manufacturing is pleased to announce that effective Monday, March 11, 2024, Dane Anderson has joined the team as our new Chief Financial Officer.

Key Points: 
  • New hire brings extensive financial management, leadership, and ESOP experience
    SAINT PAUL, Minn., March 11, 2024 /PRNewswire-PRWeb/ -- Reell Precision Manufacturing is pleased to announce that effective Monday, March 11, 2024, Dane Anderson has joined the team as our new Chief Financial Officer.
  • His past work as CEO of an ESOP company brings a lot of relevant experience to our financial team.
  • Dane comes to Reell with extensive experience in both business leadership and finance.
  • Reell Precision Manufacturing is a global company that provides high-quality innovative solutions to transmit torque, control angular position and protect delicate components from excessive force.

Lensrentals Acquires BorrowLenses Brand and Select Assets to Expand Largest Resource of Inventory for Creatives and Production Teams Seeking Photo and Video Equipment for Rental in the United States

Retrieved on: 
Thursday, March 7, 2024
Lens, Acquisition, Lighting, Employee Stock Ownership Plan, Keeper, Video game

MEMPHIS, Tenn., March 7, 2024 /PRNewswire/ -- Lensrentals, the leading and largest online photo, video, audio and lighting equipment rental and production resource company, announced the acquisition of select assets of the BorrowLenses business, an online marketplace for photographic and video equipment rentals. 

Key Points: 
  • Additionally, the used gear program known as Keeper will also receive a significant boost in inventory.
  • Lensrentals has long maintained the largest inventory of photo, video, audio, lighting and accessories and has attracted more than a million orders since its founding.
  • With operations in San Carlos, CA, BorrowLenses provided photographers and videographers with a similar range of equipment for rental as Lensrentals.
  • BorrowLenses has offered local pickup in California, like Lensrentals and LensProToGo in Tennessee and Massachusetts respectively, as well as nationwide shipping options.

Monteith Construction Corp. Adopts an Employee Stock Ownership Plan (ESOP), Positions Company for Long-Term Growth, Team Success

Retrieved on: 
Tuesday, March 5, 2024
Citadel, Architecture, PulteGroup, Wilmington International Airport, AEC, Education, Culture, Growth, ERISA, Del Webb, Employee Stock Ownership Plan, ESOP, Organization, Monteith, Employee stock ownership, Atlas, NCEO, ILM

WILMINGTON, N.C., March 5, 2024 /PRNewswire/ -- Monteith Construction Corp.—including the companies Monteith Construction and its wholly-owned subsidiaries Grey Interiors, and Citadel Masonry—today announces the adoption of an Employee Stock Ownership Plan (ESOP), creating a strategic growth plan that directly reflects the company's commitment to holistic team success.

Key Points: 
  • WILMINGTON, N.C., March 5, 2024 /PRNewswire/ -- Monteith Construction Corp.—including the companies Monteith Construction and its wholly-owned subsidiaries Grey Interiors , and Citadel Masonry —today announces the adoption of an Employee Stock Ownership Plan (ESOP), creating a strategic growth plan that directly reflects the company's commitment to holistic team success.
  • "We have always led with culture, so making Monteith a place where everyone shares in ownership is the natural next step in our evolution."
  • "This is about putting ownership into the hands of the people who drive our success," adds CEO and President Bryan Thomas.
  • "Our team brings passion and grit to work each day, and the ESOP now provides a long-term, wealth-building benefit without changing any of our company values.

Multi Image Group's (MIG) Growth Accelerating to Meet Clients Growing Event Production and Creative Needs

Retrieved on: 
Tuesday, February 13, 2024
Design, Growth, BOCA, MIG, Employee Stock Ownership Plan, ESOP, Executive producer, Creativity, Bachelor, Workforce, Environment

BOCA RATON, Fla., Feb. 13, 2024 /PRNewswire/ -- Multi Image Group (MIG), a leading event and exhibit production agency, is proud to announce a series of strategic investments to adapt to clients expanding creative and production needs.

Key Points: 
  • BOCA RATON, Fla., Feb. 13, 2024 /PRNewswire/ -- Multi Image Group (MIG), a leading event and exhibit production agency, is proud to announce a series of strategic investments to adapt to clients expanding creative and production needs.
  • This new facility not only allows MIG to expand their capabilities (offering more under one roof than ever before) but ensures streamlined processes for event and exhibit production, storage, and distribution.
  • Employment Growth: As part of its expansion strategy, MIG is proud to contribute to local job growth with an increase of 14% in the past year.
  • MIG's latest employment growth reflects its allegiance to the community and fostering talent within the events and exhibits industry.