Another Way to Become Employee-Owned: Selling Your Business to an ESOP Company

There are many paths to becoming an employee-owned company, but one of the most common is also one of the least talked about: companies becoming employee-owned by being acquired by a company that already is employee-owned. “The more I learned, the more I realized the complexity of setting up an ESOP,” says Bob Navarre, the former owner of Valley Honda in Naperville, Illinois