50 Employee Ownership Stories

The health officials are responsibly instructing us to remain vigilant but it's difficult to ignore the downward-curve-bending headlines around the world, (even if the Woolworths shelves are still looking a bit Sovietesque). We will soon have an economic crisis to turn our minds to.

There's little doubt Australia is headed for a recession (the IMF thinks it will be 6.7% this quarter), more than double the decline rate of the world economy.

History may not repeat, but it has a way of rhyming, in my opinion.

This 2010 Deloitte report suggests that JV activity surges right after a downturn. Downturns are usually accompanied by liquidity squeezes which has a nasty effect of killing off certain planned business acquisitions. JVs surge because they are not dependent on liquid financing conditions.

It's thematic. Business sales go out of vogue, and alternatives come in.*

ESOPs are similar to JVs in that respect. They can be implemented without reliance on buoyant financing conditions, and in all honesty, represent a bit of an opportunity for employees while valuation multiples are dampened. They also have a nice bonus of making companies more competitive, resilient and ultimately desirable to buyers in the future when conditions return to normal.

I've marshalled together 50 stories on the topic of Employee Ownership from around the world.

My aim here is to add to some of the optimism people are beginning to feel and to shine a light on some ammo we still have to call upon to beat this thing.

Without further ado:

Five-year gamble pays off for JD Cooling - Norfolk’s Business of the Year

Acadian honors Houma man for services

Lytle Signs becomes Employee-Owned

Amigos transitions to employee ownership

Why 65 owners are better than one

Ireland’s First Ever Employee Ownership Day

Morton Buildings is one business that is now 100 percent employee owned

Letter to the Editor: Piggly Wiggly

Employee-Owned Multi-Disciplinary A/E Firm, ISG, Earns Star Tribune 2017 Top Workplace Award

Businesses urged to consider Employee Ownership model as an alternative

Greenfield’s Ewing Controls invests in itself as it takes on international projects

Scotland’s economy: surge in employee-owned companies

FairWay change positive for staff and customers

Arup seeks to be first airport to obtain LEED Platinum certification

Cash no longer key to retaining employees

Modern Times Beer Is Becoming Employee Owned

High hopes after staff takeover at Grasshoppers Day Nursery

Employee-owned Fresno firm celebrates 85th birthday

How can the growth of employee ownership be supported?

Vermeer Great Plains becomes employee-owned through stock ownership plan

Billings Clinic sells Aspen Meadows assisted living facility

Cement maker ARM's employees buy 15 per cent stake in company

Metal fabricator puts stock in employees

Engineering firm becomes entirely employee stock ownership plan-owned

Once A Craft Beer Darling, New Belgium Brewing Is Struggling To Go From Niche To National

Barbour Publishing Goes Employee Owned

North Star Air adds ATR 42-300 aircraft to its fleet

Golder Associates - finding resilience in a transforming industry

Reform of China’s ailing state-owned firms is emboldening them

Trinity Logistics announces employee ownership plan

ESOP Association Salutes Senators Cardin (D-MD) and Roberts (R-KS) For Introducing Pro-ESOP Bill

Employees take over 51-year old enterprise in Australia as worker co-op


ESOPs in Iowa Gone Wrong

Boomer Entrepreneurs: Selling Their Businesses Without Selling Out

Simple tax change could help boost employee share ownership

Von Tobel, A Company That Champions its Employees

While Other U.S. Companies Flee China, Starbucks Doubles Down

Recently Closed Loring Pasta Bar to Relaunch Under Employee Ownership

Precision aircraft parts from Minden’s Royal plant soar around the world

'You'd be negligent': Why professionals are abandoning partnerships


Econofoods in process of purchasing Jubilee

ESOP: An Exit Strategy

Reliance Cap gifts stock options


Santa Maria's Hardy Diagnostics makes Inc. 5000 list a sixth time

Crowley Puerto Rico Services Expedites Cargo Offloading, Prepares for Hurricane Irma

Public 'trusts employee-owned businesses more'

Invest in employees, diversify to meet the shifting landscape

Employee-owned businesses seen more trustworthy than businesses not owned by their employees

GHD announces record financial performance

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