Search Results for: – Page 3
Private Equity and Employee Ownership: The ESOP Opportunity
A recent article in Middle Market Growth magazine explores a new trend in private equity: investing in companies with employee stock ownership plans (ESOPs). Private equity has traditionally shied away from these companies, seeing ESOPs as an ‘either-or’ proposition. However, private equity investors are looking at ESOPs with fresh eyes. Recent Federal legislation may well…
View detals
Kicking Off 2023 with The National Center for Employee Ownership
The Menke Group is looking forward to participating in the 2023 meeting series for the The National Center for Employee Ownership. The meeting series is designed for business owners who are evaluating whether an Employee Stock Ownership Plan (ESOP) is the right vehicle for their business succession needs. The first meeting of 2023, entitled “Is…
View detals
US Government Measures to Spur ESOP Adoption
ESOPs are a powerful tool for businesses, as they can help to align the interests of employees with those of the company and can also serve as a means of attracting and retaining top talent. The United States Congress recognized these advantages when they passed the 2023 Omnibus Bill, a comprehensive spending bill that funds…
View detalsDepartment of Defense Pilot Program Encourages Contracting with Employee-Owned Businesses
The Department of Defense (DoD) issued a memorandum on November 8, 2022 of great import for employee-owned government contractors. The memorandum describes a pilot program for S-corporations that are 100% owned by an employee stock ownership plan (ESOP) to receive a noncompetitive award for certain follow-on contracts. This pilot program is especially noteworthy since it…
View detalsESOP Fables at the ASPPA Annual Conference
On October 23, retirement industry professionals will gather in Washington DC for the annual conference of the American Society of Pension Professionals and Actuaries (ASPPA). Menke Group’s CFO and COO, Trevor Gilmore, will address the meeting on the topic of “ESOP Fables: Succeeding with a Powerful Succession Option”. An Employee Stock Ownership Plan (ESOP) is…
View detalsESOP Updates in Hawaii
The Hawaiian Chapter of The ESOP Association is holding its first in-person event of the year on October 20 and the Menke Group will be there! Our Senior Corporate Counsel, Victor Alam, will be making two presentations at the conference in Honolulu: Current Issues Facing ESOP Companies Special Administration Issues Rebalancing, Reshuffling, Recycling, Diversification and…
View detalsPhil DeDominicis to present ESOP overview for owners, CFOs & CPAs
Sept 15 / Oct 13 / Nov 17, 2022 — Phil DeDominicis will be presenting a webinar for my-cpe.com where he will give an ESOP overview for owners, CFOs & CPAs. This webinar provides a broad overview of ESOPs, discussing key topics such as using them as a business succession tool, how they are structured and financed, typical scenarios where they are used, and the tax differences and benefits between S corporation and C corporation ESOP-owned companies. Attendees will learn about who runs and controls an ESOP-owned business, how ESOP shares are valued compared to other sale options, and how employees can benefit personally and become more productive.
View detalsMenke to Sponsor 2022 Midwest Regional ESOP Conference
The ESOP Association 2022 Midwest Regional Conference is just around the corner, and Menke & Associates, Inc. is proud to be a bronze sponsor! This year’s conference will be held in Milwaukee, Wisconsin, from September 20-22nd. The conference will feature a variety of sessions on topics such as employee ownership, succession planning, and employee benefits.…
View detalsMenke Client, Mower Ad Agency Becomes 100% ESOP-owned
Syracuse, N.Y. — Eric Mower, who turned his Syracuse-based ad agency into one of the largest independent marketing communications firms in the country, has sold ownership of the company to his employees. The agency said Wednesday that Mower transferred 100% ownership of the company to a newly formed employee stock ownership plan. The agency’s executive…
View detalsNautic Partners Announces Investment in IT Solutions
FORT WASHINGTON, PA. & PROVIDENCE, R.I.–(BUSINESS WIRE)–Nautic Partners (“Nautic”) is pleased to announce that it has finalized the recapitalization of IT Solutions Consulting, Inc. (“ITS”), a market-leading managed information technology (IT) service provider servicing commercial clients throughout the northeast, in partnership with ITS management. Headquartered in Fort Washington, PA, ITS is a full-service IT services…
View detalsESOPs Fight the Great Resignation with Retirement Savings
Employees are leaving their jobs at record rates. The Bureau of Labor Statistics reported that nearly 9 million Americans quit their jobs during the last two months of 2021 alone. Who among us has not had the experience recently of seeing a favorite local business with a sign in the window saying, “Sorry, we are…
View detalsColorado Real Estate Brokerage Shows the Versatility of ESOPs
Employee Stock Ownership Plans are sometimes viewed as only being a good fit for certain specific industries. Manufacturing businesses, for instance, make up roughly a quarter of all ESOP companies. Architecture, engineering, and construction firms have embraced ESOPs at an increasingly rapid rate and have seen a marked benefit, reporting a 35% higher median value…
View detalsColorado Launches Tax Credit to Help Businesses Become Employee-Owned
If your business is based in Colorado and you are considering employee ownership as part of your succession plan, or simply as a way to reward the workers who have helped you get to where you are, the decision just became $100,000 easier. Governor Jared Polis announced that the CO Office of Economic Development and…
View detalsMenke Assists George & Lynch Transition to Employee Ownership
Menke & Associates was proud to assist George & Lynch, Delaware’s largest commercial construction company, with the installation of an Employee Stock Ownership Plan (ESOP) at the end of 2021. Headquartered in Dover, George & Lynch has been building critical infrastructure in and around Delaware since 1923, tackling projects ranging from roads and bridges to…
View detalsWawa’s ESOP Helps Them Become the Largest Company in PA
Convenience chain Wawa is one of the largest ESOPs in America. Now, a power ranking by Forbes has named them as one of the largest private companies in America, as well. Wawa ranked 29th, with a revenue of $11 billion and 38,000 employees, making them the largest privately owned company in Pennsylvania. Wawa ranked well…
View detals
Andesa Services Embodies the Spirit of Employee Ownership Month
In 2015, Menke & Associates, the nation’s premier full service ESOP firm, served as advisor in the design and implementation of an ESOP for Andesa Services, the leading provider of integrated, cloud-based solutions for life insurance and annuity carriers and providers. In 2020, Andesa completed the transition to 100% employee-ownership. And in 2021, Andesa demonstrated…
View detals