Find Your Resource

● Investment fund Apis & Heritage, founded and led by NCEO board m

Q: What happens when there is a break-in-service and the employee returns?

Filing data for 2021 and 2022 shows over 69,00 new participants in ESOPs and a continued pattern of construction industry ESOP growth.

If you have ever been to an NCEO conference or meeting, you may have bumped into Ken Baker, CEO of 100% employee-owned NewAge Industries and a longtime advocate for employee ownership in the United States.

As the chair and immediate past chair of the NCEO’s board of directors, our role is to support the NCEO’s pursuit of its mission to make employee ownership thrive. We are happy to report to members and all stakeholders that the NCEO is continuing to deliver on that mission by investing in its strengths and exploring new ways to support employee-owned companies.

This article is based on a presentation by Dan Markowitz of Boulay LLP and an NCEO board member.

The NCEO is one of the only sources of compensation data focused exclusively on employee stock ownership plans (ESOPs). This year, the NCEO gathered comprehensive data from ESOP companies on both executive compensation and board director compensation, along with board makeup and demographic questions. From August 2023 to September 2023, 383 valid responses were received. All respondents are privately held companies with an ESOP. Most are S corporations (92%) and 86% are 100% ESOP-owned.

By Jeremy Huish, Capstone Headwaters

By Daniel Goldstein, CEO, Folience Time is the enemy of all deals. Because of that, as an acquisition is being pursued, both sides are likely laser-focusing their time and energy on getting the deal to close.

In recent years, ESOP companies have been on an acquisition binge, with more companies being acquired by ESOPs than there are new ESOPs. A growing number of ESOP companies are now organized as holding companies to do this.