Pacific Medical Becomes 30% Employee-Owned with Menke Guidance
Tracy, Calif.-based Pacific Medical is now 30% employee-owned through a new ESOP that supports its succession strategy and rewards employees.
ESOP Industry News
Upcoming Webinar: The ESOP Exit Strategy
Donāt miss this opportunity to discover how ESOPs can align your business goals with the needs of employees and stakeholders.
Congress Passes the Retire Through Ownership Act: What Clearer ESOP Valuation Rules Mean for Owners
For fifty years, the hardest question in employee ownership was not how to finance the deal or how to structure the tax benefits. It was what "adequate consideration" actually meant. Congress has now answered it ā and the answer is narrower, and more useful, than the headlines suggest.
Building an ESOP Ownership Culture That Actually Works
Two companies can have identical ESOP structures on paper and produce completely different results. The difference usually comes down to three specific things ā and most companies get at least one of them wrong.
2026 ESOP Market Trends: A Midyear Check-In
Halfway through 2026, the ESOP market looks different than it did in January ā bank lending is more competitive, private equity firms are eyeing ESOPs as an exit, and legislation is moving. Here's what's actually changed.
How ESOP Financing Is Changing in 2026
ESOP financing has been one of the biggest obstacles for business owners considering employee ownership. In 2026, that's starting to shift, from how banks structure loans to how Washington is treating ESOP oversight.
How a 45-Year-Old Water Well Company Sold 49% to Its Employees
Fogle Pump & Supply spent six years working toward an ESOP closing, sold 49% to employees while keeping the next generation of family leadership in place, and walked away from the transaction with the business intact. This is what a carefully planned partial ESOP looks like in practice.
Blach Construction Becomes 30% Employee-Owned with Menke Guidance
Blach Construction, a California-based commercial general contractor, has completed a transition to 30% employee ownership through a new ESOP, with guidance from Menke.
ESOP Momentum Builds: Washington Advocacy, New Legislation, and a Strong Lending Market
Recent developments in Washington, D.C. and the lending marketplace point to growing momentum for employee ownership. From proposed legislation and regulatory support to increased bank participation, ESOPs continue to strengthen as a succession planning and wealth-building strategy.
Do ESOPs Really Increase Productivity? New Research Says Yes.
New Rutgers research shows measurable productivity gains tied to employee ownership. Trevor Gilmore and Ben Spadt explain what the data means for ESOP companies and business owners considering succession options.
How Entrepreneurs Are Using Retirement Capital to Build Businesses
Jeremy Ames, CEO of Guidant Financial, joins ESOP Radio to discuss how entrepreneurs use retirement funds to launch businesses through ROBS strategies and why ownership fundamentally changes behavior.
EBSA Signals a New Enforcement Era: From āWar on ESOPsā to Principles-Based Oversight
The Department of Laborās latest guidance signals a decisive shift in EBSA enforcement priorities. For ESOP companies, this means a move away from unpredictable, litigation-driven oversight toward a more transparent, principles-based framework grounded in fiduciary law.
How M-Group Used Pre-Funding to Build an Orderly ESOP Transition
A Bay Area urban planning firm shares how early planning, ESOP pre-funding, and consistent employee communication helped create a smoother ownership transition.
Ownership Culture: How ESOPs Help Companies Attract and Retain Top Talent
ESOPs are becoming a key strategy for attracting and retaining talent, with companies using employee ownership to build stronger cultures and long-term success.
Why ESOP Companies Command Higher Valuations in AEC
A data-driven look at why ESOP companies in the AEC industry are commanding higher valuations. This episode breaks down the key driversābacklog, tax efficiency, EBITDA multiples, and riskāthat influence long-term value.
From $2,000 to ESOP: A Founderās Perspective on Ownership and Growth
From a $2,000 startup to employee ownership, this founder shares what really changes after an ESOPācovering leadership, governance, and long-term strategy.
Why Employees Want Equity ā And How ESOPs Deliver
Discover how ESOPs help Central Valley companies attract talent, boost performance, and plan succession through employee ownership.
EOS + ESOP: Aligning Ownership and Execution
An ESOP creates ownership.But ownership alone does not guarantee alignment. In Episode 15 of ESOP Radio, we explore how EOS (Entrepreneurial Operating System) strengthens employee-owned companies by creating clarity, accountability, and disciplined execution. Why EOS Matters in an ESOP Company Employee ownership creates long-term alignment between employees and company value. EOS creates: Clear leadership accountability…
The Great Ownership Transfer: Why the Next Decade Will Redefine Business Succession
The Great Ownership Transfer could shift $5T in small business value, impacting jobs, wealth, and economic mobility across the U.S.
Top 10 ESOP Predictions for 2026
Discover the top 10 ESOP predictions for 2026, from AI-driven owner awareness to private equity exits, bank lending growth, and rising demand.
DOLās 2026 Report to Congress: Structural Shift in Federal Employee Ownership Policy
In January 2026, the U.S. Department of Labor released its long-awaited Employee Ownership Initiative Report to Congress, fulfilling its mandate under the WORK provisions of SECURE 2.0. Unlike prior federal commentary on employee ownership, this report does more than celebrate ESOP growth. It formally establishes a new institutional framework inside the Department of Labor ā…
ESOP vs Private Equity: Why Legacy Utility Chose Employee Ownership
Legacy Utility CEO shares why he chose an ESOP over private equity, pairing EOS with employee ownership to drive long-term growth and alignment.
Why Brown Construction Chose a 100% ESOP Over a Third-Party Sale
Brown Construction CEO Ron Brown shares why he chose a 100% ESOP over a third-party sale and what the decision meant for succession, culture, and long-term independence.
The Top 10 Questions to Ask Before Implementing an ESOP
Trevor Gilmore and Ben Spadt walk through the ten critical questions business owners should ask before deciding whether an ESOP is the right succession and ownership strategy.
EBSA Ends the āWar on ESOPsā
On January 15, 2026, the U.S. Department of Laborās Employee Benefits Security Administration (EBSA) quietly did something the ESOP community has been asking forāloudlyāfor years. It changed course. In a major overhaul of its national enforcement projects for fiscal year 2026, EBSA removed Employee Stock Ownership Plans (ESOPs) from its list of national enforcement priorities.…
Senate HELP Committee Unanimously Passes Landmark ESOP Bills: A Victory for Employee Ownership
In a powerful bipartisan moment for worker-ownership advocates, the U.S. Senate Health, Education, Labor & Pensions (HELP) Committee voted unanimously on July 31 to advance two major bills promoting and protecting Employee Stock Ownership Plans (ESOPs): the Retire Through Ownership Act (S. 2403) and the Employee Ownership Representation Act (S. 1728). Together, these bills represent…
Empowering Workers, One Share at a Time: Highlights from the U.S. Senate’s 2025 ESOP Hearing
Update (July 31, 2025): The Senate HELP Committee has now unanimously passed the ESOP bills discussed in this hearing. [Read the follow-up here ā] On July 24, 2025, the Senate Committee on Health, Education, Labor, and Pensions (HELP) convened a powerful and bipartisan hearing under the banner: āEmpowering Workers by Expanding Employee Ownership.ā With support…
Congress to DOL: It’s Time to Shine a Light on EBSA’s Anti-ESOP Tactics
And the Senate Follows Up With a Powerful Push to Expand Employee Ownership Washington, D.C. ā July 22, 2025ā This week marked a historic moment for the employee ownership movement. On Tuesday, the House Education and Workforce Committee held a hard-hitting oversight hearing scrutinizing the Department of Laborās Employee Benefits Security Administration (EBSA) for what…
Remembering Impassioned ESOP Advocate and Pioneer, Patricia Hetter Kelso (1927-2025)
Patricia Hetter Kelso (nee Bertsche), pioneering champion of democratic capitalism, died peacefully in her San Francisco home on Independence Day, July 4, 2025, at age 98. Born in Anderson, Indiana, Patricia dedicated her life to the development and advancement of Binary Economics, a revolutionary economic theory that aims to achieve universal capitalism. After earning degrees…
Oregon Just Passed a Landmark Law Giving ESOP Companies a Leg Up in Public Contracting
On June 11, 2025, Oregon made history for employee ownership. Governor Tina Kotek signed House Bill 3646 into law, creating a formal preference in public procurement for companies that are majority-owned by their employeesāeither directly or through an Employee Stock Ownership Plan (ESOP). Starting in 2026, Oregon state agencies will be able to give these…