April 25th, 2019
Wisconsin has approximately 185 ESOP owned businesses. Van Horn Automotive Group was recently recognized as the Wisconsin ESOP Company of the Year.
The Van Horn has been a family owned business for over 50 years. Joe Van Horn moved from Chicago, IL to Plymouth, WI to open his first store; and since 1966, the Van Horn family has been selling cars to the public and supporting the local community. Rooted in midwestern values, the concept of family represents acceptance, trust and authenticity.
Van Horn Automotive Group has 500 full-time employees who own 30% of the company through their Employee Stock Ownership Plan
The Employee Stock Ownership Plan (ESOP) is a unique benefit that invests in our associates and their future. It’s a differentiating reason to work for Van Horn, and is unmatched by any other dealer in Wisconsin. But the benefit of employee ownership does not end with the individual. It is naturally transferred to the customer in the form of a higher level of service, pride and genuine desire to succeed. With ownership, the success of the employee is determined by the satisfaction of the customer.
Read more at: https://stevenspoint.news/2019/04/08/van-horn-automotive-group-named-company-of-the-year-by-wis-esop/
Employee Stock Ownership Plans or “ESOPs” are a viable tool for shareholders and companies to create smooth succession plans while enhancing employee productivity.
Menke & Associates, Inc. is the largest ESOP advisor in the country having created over 3,500 ESOPs in all 50 states, including Colorado, in our 45 year history.
