The Menke Group is proud to congratulate longtime client Global Tax Management on their recent placement on the 2021 Inc. 5000 list. The Inc. 5000 is the definitive ranking of the fastest-growing private companies in America. GTM earned their position by posting 58% revenue growth over the last three years.
Headquartered in Wayne, PA, Global Tax Management is corporate tax services firm that helps with mid-size and large multinational corporations navigate the complex tax challenges that arise when doing business around the world. They have been 100% employee-owned since implementing a Menke ESOP in 2007. Their ESOP has increased in value by 518% since then, a clear testament to the success that they have achieved as an employee-owned company.
This is the second time Global Tax Management has appeared on the Inc. 5000 since becoming an ESOP firm, and just one of many awards and honors they have received during that time. They have also been named a top accounting firm, a best place to work by numerous publications, and a healthiest workplace in recognition of their employee-owners high level of participation in their wellness programs.
“We are honored to be recognized for our continued growth and have our employees and clients to thank for this achievement,” said current CEO David Laurinaitis in a press release.
In July, Global Tax Management announced that Laurinaitis will be succeeded by David Sekula, who will be taking over the role of CEO on January 1, 2022. “GTM has developed a culture of client service, entrepreneurship, and community. Our story is just beginning. As one of the largest tax-only firms in the country, we have a bright future and a talented team to ensure success,” Sekula said.
We often talk about the benefits that come when employees think like owners—the culture of entrepreneurship that Sekula mentioned. When employees have a direct stake in their company’s success, it spurs them to take initiative, practice creative problem-solving, and deliver an even higher level of service to their clients that can lead to tremendous growth.
Global Tax Management’s success is a sterling example of what can be accomplished when an ESOP inspires a company to embrace a culture of entrepreneurial thinking. We look forward to seeing what new heights they will reach in the years to come, and to continuing to support the health and sustainability of their ESOP every step of the way.
Contact us today to discuss what a Menke ESOP could mean for the growth of your business.
Menke & Associates, Inc. has helped over 3,500 companies successfully transition to employee ownership. Our holistic ESOP approach enables a positive outcome for the company, its employees and its shareholders. We believe ownership is powerful.
