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ESOP Conversion for Luxury Goods Company
Client Case Study: Menke ESOP is the First-Class Succession Solution for a Luxury Goods Supplier 

In 2018, Menke & Associates, Inc. assisted a unique, deeply relationship-driven service business with its successful transition to 100% employee ownership. The company’s two shareholders had built a $40 million-dollar entity with a worldwide, disparate supplier network, multiple Fortune 100 clients, and global operations in a heavily-regulated industry and were ready to continue their ownership…

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ESOP-Owned EVAPCO Celebrates 40 Years in Business

April 2nd, 2019 Evapco, an employee owned company (ESOP) and an international manufacturer of cooling and refrigeration products, celebrated 40 years in southwest Madera, California. Evapco Madera was the second manufacturing plant that Evapco created having being founded in Baltimore in 1976. Read More at: http://www.maderatribune.com/single-post/2019/03/27/Evapco-West-marks-40-years-in-business Employee Stock Ownership Plans or “ESOPs” are a viable tool…

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How Crafts Technology Fosters Innovation Among Its Employee Owners

March 29th, 2019 For Crafts Technology of Elk Grove Village, Illinois, building an innovative culture required asking for intellect, sharing ownership, and rewarding good ideas. The company, one of the oldest continually operating tool companies in the U.S., has expertise in cutting, tooling, and shaping ultra-hard materials. Their precision tools are used in the manufacture of…

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Chelsea Green Publishing goes 100% ESOP

March 28th, 2019 Vermont-based Chelsea Green Publishing is now fully employee-owned, marking the completion of an eight-year transition initiated by founders Margo and Ian Baldwin. Through an employee stock-ownership plan (ESOP), the company purchased ownership shares from the Baldwins on behalf of the 25 employees of the owners of the independent publishing house. Read More:…

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Colorado: The New Delaware of ESOPs?

March 27th, 2019 Democratic Colorado Governor Jared Polis’ administration is putting together an Employee Ownership Center within the Colorado Office of Economic Development and International Trade The center will work with law firms and accountants to simplify the process and reduce costs associated with converting to an ESOP or Employee Stock Ownership model. Read more at: https://nonprofitquarterly.org/2019/03/26/colorado-says-it-wants-to-be-the-delaware-of-employee-ownership/ Menke & Associates,…

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Repurchase Obligation Studies

Smart ESOP management is understanding your full exposure ‐ both short term and the long term. Our data driven share repurchase study, prepared with the actuarial expertise of Optimizing Foundations, LLC, will provide you with a clear view of where you’re headed.   A Menke Repurchase Obligation Study: Gives you timely, actionable repurchase intelligence Is…

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High Performance Ownership: employee owned Architecture, Engineering & Construction firms command higher valuations

By Trevor Gilmore Zweig Group’s recently released 2019 Valuation Survey of AEC Firms highlights an important trend in employee ownership performance.  Zweig focused on nationwide AEC firms – i.e. architecture, engineering & construction firms, of all sizes.  From a valuation perspective, firms with employee stock ownership plans (ESOPs) performed better than non-ESOP firms in five…

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Could ESOPs spell the future of business ownership?

Growing numbers of U.S. companies are giving workers financial stakes via employee stock ownership plans Aritcle by Judy Stringer. Reposted from the original article at Crain’s Cleveland Business There are a few lingering questions when it comes to Great Lakes Brewing Co.’s newly announced employee stock ownership plan, or ESOP. How many shares employees will receive,…

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Menke Client, Heath Ceramics, Made Its Employees Into Owners. Should You?

Reposted from the original article at Business of Home HEATH CERAMICS, MADE ITS EMPLOYEES INTO OWNERS. SHOULD YOU? JAN 9, 2019 FRED NICOLAUS In 2015, Robin Petravic and Catherine Bailey, co-owners of iconic California ceramics brand Heath, were looking ahead to the 15th anniversary of their tenure. Over the last decade, the couple had transformed the company from a struggling…

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ESOP Seminar Registration for Menke Clients

Spring 2020 ESOP Seminar Series Learn why selling stock to an ESOP is better for you, better for your employees and better for the success and continuity of your business. Spring 2020 — Menke & Associates, Inc. will be offering 21 full-day and half-day ESOP Seminars to be presented throughout the country, April 21st –…

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ESOP Seminar Registration for Menke Clients

Spring 2020 ESOP Seminar Series Learn why selling stock to an ESOP is better for you, better for your employees and better for the success and continuity of your business. Spring 2020 — Menke & Associates, Inc. will be offering 21 full-day and half-day ESOP Seminars to be presented throughout the country, April 21st –…

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ESOP Best Practices Web Seminar

Session 1 – Introduction Session 2 – ESOP and Retirement Plan Basics Session 3 – Basic ESOP Transactions Session 4 – S Corporation ESOPs Session 5 – Plan Operation Features: The Four Hurdles Session 6 – Advanced ESOP Transactions Session 7 – ESOP Valuation Session 8 – Corporate Governance Session 9 – Key Employee Incentive Plans Session 10 – Administration and Recordkeeping –…

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ESOP Best Practices Webinar Series

Learn the secrets of ESOP best practices and procedures – Now Streaming This is a series of three On-Demand webinars, each three hours in length, on ESOP best practices and procedures. Presented by the expert legal and administration staff of Menke & Associates, Inc., these webinars focus on best practices and procedures for determining the…

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The ABCs of ESOPs Webinar

This is a one-and-a-half hour live Audio/Web Seminar that covers the basics of ESOPs from A to Z. This Audio/Web Seminar is designed for company owners and financial officers who want to determine whether an ESOP might be a good fit for their company. This program is designed to provide a broad overview of the…

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SolarCraft becomes 100% employee owned

SolarCraft, a well established Novato solar panel design and installation firm, has become 100% employee owned. With the help of The Menke Group, the principal owners of SolarCraft have extended ownership to their employees by way of an Employee Stock Ownership Plan. In addition to helping create financial security for employees, the plan is designed…

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Recent Books on ESOPs

The 3rd Way Co-authors Veny W. Musum and Upendra Chivukula offer a bipartisan exploration of employee ownership, its history, how ESOPs work, and the barriers Americans must demand the government remove for the system to succeed nationally. Thousands of small closely-held business and large, publically-traded corporations use employee stock ownership plans successfully, benefitting millions of…

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Thank You!

Success! Your ESOP Seminar Registration has been Submitted! Click here to visit Our Online ESOP Information Library

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2014 Tax Reform Proposals

A new comprehensive tax reform proposal was introduced by House Ways and Means Committee Chairman Dave Camp on February 26th, 2014.  Camp’s proposal would cut the tax rate for C corporations to 25% over a period of five years.  It would also cut individual tax rates to two brackets (10% and 25%), but it would…

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2016 Cost-of-Living Adjustments

The following is a list of affected sections of the Code and the 2014 limitations of interest to the ESOP community Code Section Description 2016 Limitations 2015 Limitations 401(a)(17) Limit on the amount of annual compensation taken into account $265,000 $265,000 402(g)(1) Limitation on the exclusion for elective deferrals described in Section 402(g)(3) of the…

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Recently Completed ESOP Transactions

The Menke Group is pleased to announce that the following companies joined us as new ESOP clients. 2023 2022 2021 2023 INDUSTRY LOCATION ESOP % FMV Construction of wood ceilings Springfield, OR 41 $6,400,000 Information Technology managed service provider Clayton, MO   $15,750,000 Engineering Kilgore, TX   $9,600,000 General Contractor Pleasanton, CA 100 $10,750,000 Specialty…

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