Attorney at Law Specializing in employee ownership and cooperatives
Attorney at Law
Specializing in employee ownership and cooperatives
MBC Ventures, Inc. (formerly “Maryland Brush Company”)A 100% employee owned old industrial company develops new green tech product with money saved as an S corporation ESOP.
Read more ...
Carris Reels, Inc.Business Succession Major Decrease in Employee Turnover,Employee Participation in ESOP Plan Design & Community Stewardship
National Forge CompanyContract ESOP with Formula Vote for UnionEnded by premature sale of management shares
Rosauers Supermarkets, Inc.ESOP Organized As a Taft-Hartley Trust
In July 1990 several unions and management at Rosauers Supermarkets, a regional grocery chain of 15 stores headquartered in Spokane, Washington, entered into an ESOP buyout to save 1,250 jobs. The union buyout team was led by Sean Harrigan, then president of the UFCW local union. They developed some interesting procedures to ensure proper protection and representation of unionized employees interests in an employee owned company where high level management employees own a portion of the company outside the ESOP.
Republic ContainerUse of Employee Buyout Association to BuyProfitable SubsidiaryRestructured as Democratic/ Co-op Style ESOP
Page 2 of 2