The Indiana Center for Employee Ownership (INCEO) promotes the value of employee ownership to Indiana business owners.
Joined January 2017
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Blue & Co. @Blue_CPA is one of INCEO’s sponsors and we would like to acknowledge their support of our mission to increase the number of Indiana ESOPS.
inceo.org/blue-co-an-inceo-s…
#ESOP #EOT #EmployeeOwnership
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Jun 15
ILMC, transitions to employee ownership via an EOT. "The move secures an independent future for the company, with managing director Greg Parmley saying it also “incentivises and aligns the interests of the team in a number of important ways”.
iqmagazine.com/2026/06/ilmc-…
#EOT #EmployeeOwnership
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Jun 12
Bott & Co., transitions to employee ownership via an EOT. “This transition ensures the people who have contributed to our success are directly invested in our future, while preserving the independence, culture and values that have always mattered to us.”
legalfutures.co.uk/latest-ne…
#EOT #EmployeeOwnership
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Jun 12
State based legislation promoting employee ownership:
New Jersey, S-4218, authored by Senator Andrew Zwicker, would require the New Jersey Economic Development Authority (EDA) to establish an “Employee Ownership Transition Program” to provide financial assistance and educational resources to encourage businesses to explore transitioning their ownership structure to an employee ownership model.
njleg.state.nj.us/bill-searc…
#EmployeeOwnership
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Jun 12
Halley Stevensons, transitions to employee ownership via an EOT. The transition to employee ownership was driven by the outgoing shareholders’ desire to protect the heritage and independence of the business, ensuring it remains rooted in Scotland while continuing to grow. The move also supports long-term stability for employees and customers, while preserving the company’s specialist expertise.
themanufacturer.com/articles…
#EOT #EmployeeOwnership
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Jun 12
Fisher Barton, transitions to employee ownership. “Our transformation over the past six years has fundamentally strengthened our business, our people, and the value we deliver to customers,” said Scott Hoffman, CEO of Fisher Barton. “We’ve built a culture rooted in continuous improvement, operational discipline, and innovation—supported by strategic investments in our facilities, technology, and workforce. Transitioning to employee ownership is a natural next step, ensuring that those who drive our success every day have a direct stake in our future.”
natlawreview.com/press-relea…
#EmployeeOwnership
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Jun 12
Terry's Burger Stand, transitions to employee ownership via an EOT. "From the beginning, we believed that taking care of people and building a great business weren't competing ideas," said Kathy Terry in a release. "This transition is the most honest expression of that belief we've ever made. P. Terry's has always belonged to the people who show up every day."
aol.com/articles/p-terrys-la…
#EOT #employeeownership
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Jun 5
Branco Enterprises, transitions to employee ownership via an ESOP. “Our team has always been the driving force behind what we do,” said Justin Branham, President of Branco Enterprises. “This transition gives our employees a direct stake in the company’s future while strengthening the culture we’ve worked hard to build.”
rturner229.blogspot.com/2026…
#ESOP #employeeownership
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Jun 5
Wheatley transitions to employee ownership via an EOT. Managing directr Nigle Wheatley described it as an “exciting milestone for the company’s future”. “Over the past 30 years, we have built a strong culture as a family-run business that truly values its employees and customers, and we are keen to preserve this as we continue to grow,” he said. “Employee ownership provides a platform for our people’s voices and ideas, while giving them a genuine stake in shaping the future direction of the business. “It’s all Wheatley’s employees working together that make our company so great.”
constructionwave.co.uk/2026/…
#EOT #EmployeeOwnership
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Jun 5
Assistant Secretary of Labor Discusses EBSA’s Efforts to Restore Regulatory and Litigation Balance, Including as to ESOPs jdsupra.com/legalnews/assist…
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Jun 2
ESOPs grow through acquisition.
HGF Buys Ace Hardware in Butler PA, As a 100% employee-owned company, HFG said it remains committed to investing in strong, community-focused businesses and continuing to support the Butler community while carrying forward the tradition of helpful service customers expect from Ace Hardware of Butler.
building-products.com/hfg-bu…
#ESOP #EmployeeOwnership
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Jun 2
ESOPs grow through acquistions!
ISG acquires R.E. Warner & Associates, "As R.E. Warner joins the ISG team, we are positioned to deliver greater value to clients through expanded capabilities, particularly within the power market,” said Ted Beltavski, R.E. Warner’s President and CEO. “As a combined organization, we are better equipped to pursue larger, more diverse projects nationwide. R.E. Warner employees, now proud members of ISG’s ESOP, look forward to a stronger platform for professional growth, employee ownership, and shared success as our teams move forward together."
markets.businessinsider.com/…
#ESOP #EmployeeOwnership
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May 28
CC Pace Systems, an IT staffing and consulting firm headquartered in Fairfax, Virginia, has been acquired by Mitchell Martin, Inc. (MMI), an employee-owned IT, healthcare, and professional staffing firm.
pulse2.com/cc-pace-it-staffi…
#ESOP #EmployeeOwnership
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May 27
Tuttle Printing, transitions to 100% employee ownership via an ESOP. The transaction completes an employee-ownership journey that began in 1995, when Tuttle first established its ESOP. With this final share purchase, the company is now fully owned by the employees who operate and serve the business every day.
vermontbiz.com/news/2026/may…
#ESOP #EmployeeOwnership
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May 27
Hustle, transitions to employee ownership via direct ownership purchase. The purchase is structured around an ownership model that deliberately closes the equity gap between leadership and staff. The spread between the most senior leader and the newest staffer is less than 4-to-1, ensuring every voice carries real weight and no single team member can steer the company in a direction the entire team wouldn’t follow.
nonprofitpro.com/article/hus…
#employeeownership
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May 25
Many thanks to Senator's Tim Kaine (D-VA) @SenTimKaine and Marsha Blackburn (R-TN) @MarshaBlackburn for supporting and cosponsoring S.1645 - American Ownership and Resilience Act. For more information on federal legislation supporting employee ownership:
inceo.org/federal-legislatio…
#ESOP #EmployeeOwnership
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May 21
May 14, 2026, Signature Vacuum, transitions to employee ownership via an EOT. We’ve had opportunities to sell the business over the years, but we kept coming back to how to carry the culture forward and take care of the people here.” — Greg Kimble, Co-Founder, Signature Vacuum. “For us, it came down to taking care of our customers and our employees,” shared Tim Horning, Co-Founder of Signature Vacuum. “That’s really what guided this decision.”
common-trust.com/blog/signat…
#EOT #EmployeeOwnership
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May 19
INCEO would like to recognize and thank the Hendricks County Community Foundation, the Stronger Together Grantmaking fund for awarding a grant to help fund our 2026 - 2027 employee ownership education series in Hendricks County. Our mission is to provide employee ownership education to Indiana business owners, and this grant will enable a dedicated series of lunch and learn sessions on employee ownership models and strategies. For more information:
inceo.org/hendricks-county-c…
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May 18
Interested in learning more about employee ownership, Employee Stock Ownership Plans (ESOPs), Employee Ownership Trusts (EOTs), or Worker Cooperatives?
Request our free booklet on Selling your Business To Your Employees!
inceo.org/booklet-on-employe…
#EmployeeOwnership
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May 18
Okland Construction, transitions to employee ownership via an ESOP. “What started as a family business is still a family business. That hasn’t changed and it’s not going to change,” said Bill Okland, CEO of Okland Construction. “This decision is about strengthening that foundation, not replacing it. The people who have helped us grow now have the opportunity to share in that success.”
utahbusiness.com/press-relea…
#ESOP #employeeownership
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