Coalitions, Transitions, and New EO software

Sep 29, 2024

Welcome Back

The month of September is almost over. How did you spend yours?

📝 What We’ve Been Up To

🗞️ News To Know

NCEO is looking for speakers for the 2025 Annual Conference, read more about it here!
Pete Stavros announces a new coalition: Expanding ESOPs, which aims to enhance the current ESOP model and its governing laws. Plus more on the 50 organizations that joined together to launch it
Joseph Blasi highlights Vice President Harris’s stance on profit sharing and employee ownership. Jump to 32:11 minutes to hear about it
Calling all Colorado business owners! Check out these two scholarship programs to help transition your company
- CCWB Application
- RMEOC Application

🕴️Ownership Transitions

Empowered Energy Systems LCA in Colorado transitioned to a 100% worker cooperative
IPA firm, Perelson Weiner LLP in NY announces that their equity partners have transferred 30% ownership to an ESOP
SchuBemo Holdings transitioned to an ESOP
Ball’s Food Stores announces their establishment of an ESOP
New York’s Stewart’s Shops prepare to sell their 60% family stake to employees
PR Newswire announces AEC Electric’s shift to becoming 100% employee owned with the help of The Menke Group

🕵️‍♀️ Research & Analysis

Project Equity showcases its representation at a national event focused on promoting employee ownership
Peter Koehler and Keeley Tillotson cover perpetual purpose trusts, whether climate activists should eat meat and so much more in their weekly roundup on Uncommon Business Bulletin #4
Harford Business explores effective succession planning strategies for Baby Boomer business owners
A recent report from Carta reveals trends in private equity ownership, showcasing advancements in the field
The Harris-Walz Campaign advocates for a new approach to bolster American industrial strength by focusing on policies that support job growth and equitable labor practices
NCEO’s recent report reveals that 6% of business transfers in the UK are via employee ownership trusts

📈 ESOPs

EOX National Service Provide, SES ESOP Strategies explains ESOP transactions and more
Tom Roback has been inducted into the ESOP Advisor Hall of Fame for his employee ownership contributions
Phillip Hayes reviews the role of an ESOP trustee on the transaction and ongoing side in his latest podcast episode: EP26 - Interview with an ESOP Trustee - Bryce Lenox out of Cincinnati

🌆 What’s Coming Up: Events

October 8-10: Employee ownership will be one area of focus at the 2024 California Economic Summit.
🆕 | October 15: Tune in for a transformative conversation on the future of Donor Advised Funds (DAFs) and their potential to reshape to scale employee ownership. Register here (H/t Katherine)
🆕 | October 18: Worker Cooperatives in New York: New Models for Social Impact, from experts in the field from The Democracy at Work Institute, Register here
October 21-22: NCEO hosts Is An ESOP Right For You? in Phoenix, AZ
October 23: Attend “An Introduction to Employee Ownership Trusts” presented by fds Director Services, register your free spot here
October 24: The Georgia Center for Employee Ownership’s Employee Ownership Celebration
🆕 | October 24: Join ILCEO for the first annual ILCEO 2024 Employee Ownership Celebration
December 4: The 2nd Annual Ownership Economy Summit in New York City. Register here
🆕 | January 13-17, 2025: Registration for The 59th Annual Heckerling Institute on Estate Planning which will explore the use of purpose trusts as a new approach for business succession is here!
February 20, 2025: Attend “The Employee Ownership Transition: A Deep Dive” a workshop for insights on the process of selling to an employee ownership trust (in Scotland)

🕰️ ICYMI