Tracy, Calif. – October 28, 2026 – Pacific Medical, Inc., powered by Top Shelf Orthopedics, a leading provider of durable medical equipment and orthotic and prosthetic products and services, has completed a transition to 30% employee ownership through the establishment of an Employee Stock Ownership Plan (ESOP). The transaction was guided by Trevor Gilmore, CEO, and Victor Alam, Senior Counsel at Menke, a nationally recognized ESOP advisory firm.
The ESOP transaction supports Pacific Medical’s long-term ownership succession strategy while rewarding employees for their contributions and preserving the company’s independence.
“Integrity, innovation and a commitment to excellence have long guided how Pacific Medical serves our patients, partners and one another,” said John Petlansky, President and CEO of Pacific Medical. “Our mission has always been to be a light and leave a legacy, and becoming an employee-owned company reflects those values and gives us an opportunity to continue to grow that legacy and build the future together.”
“We have remained committed to a “team first” mentality as an organization, despite enduring a variety of storms and challenges. Throughout our formative years, we asked our team, continuously, to trust us and the decisions which we were making. One of our primary goals with the introduction of the ESOP is to demonstrate to our team that their trust and faith has, in fact, been well placed. Our focus some 40 years later remains unchanged, to create a legacy business that provides unparalleled products and patient care to our referral sources, while concurrently providing growing career opportunities and pathways for everyone at Pacific Medical,” said Jeff Leonard, CFO of Pacific Medical.
The move to employee ownership reinforces Pacific Medical’s commitment to long-term stability for its employees, partners, patients and the communities it serves.
“An ESOP can be a powerful way for founders to preserve what they’ve built while creating a path for the company to continue serving its customers and communities for years to come,” said Trevor Gilmore, CEO of Menke. “Pacific Medical has built a company grounded in integrity, service and excellence, and employee ownership provides an opportunity to carry that legacy forward.”
About Pacific Medical
Founded in 1987 by John Petlansky, Pacific Medical has grown from its roots in eight western states into a nationally recognized leader in the durable medical equipment space. Headquartered in Tracy, California, the company specializes in orthopedic rehabilitation, arthroscopic surgery, sports medicine, prosthetics and orthotics. Through deliberate growth and lasting relationships across the medical community, Pacific Medical now serves healthcare providers and patients in 18 states.
About Menke
Since its founding in 1974, Menke has enabled more than 4,000 companies to become all or partially employee-owned across the United States. With core competencies across the full ESOP lifecycle, Menke is itself an ESOP-owned company, reflecting its firm belief in the power of employee ownership.
Visit Menke at www.menke.com for more information and a timeline with the history of the company and ESOPs.
Phil DeDominicis is an ESOP strategist and M&A advisor who has guided 300+ companies through ESOP formations, financing, and transactions over 20+ years at Menke & Associates. He specializes in selling ESOP‑owned businesses to financial or strategic buyers and in helping ESOP companies acquire other businesses.
