February 12, 2020, ESOP Association member Daniel Goldstein, President and CEO of Folience, testified before the U.S. House Small Business Committee about the need for the Department of Labor to clarify its ESOP regulations given the impending retirements of 2.5 million baby boomer business owners. This mass retirement, known as the silver tsunami, represents the…
February 6th, 2020 In January, Columbus, OH-based GreenScapes Landscape Company became the latest landscaping firm to make the transition to employee ownership. Founded in 1977 by Bill Gerhardt, who intends to stay on as president for at least five more years, Greenscapes began as a traditional landscaping business and has expanded into a full-service landscape…
Written by Jill Odom, this article was originally published at TotalLandscapeCare.com February 4th, 2020 There are a lot of myths and mysteries that surround employee stock ownership plans (ESOPs) and some of these misconceptions can scare landscape company owners away from considering this business option. Make no mistake, some ESOP structures are complex, but they…
Earlier this month Jimmie Gipson, 78, announced he would be retiring as of March 31st, 2020 from Houchens Industries, where he has worked for 55 years, the last 27 as CEO. Houchens, which began over 100 years ago with a single grocery store in Barren County, KY, has grown to encompass multiple retail grocery chains,…