With no heirs and retirement on the horizon, Michael Vespoli, the World Rowing Champion who founded Vespoli USA in 1980, converted the company to an ESOP to ensure his employees—not a larger suburban or foreign company—would direct the enterprise’s future. With 42 employee-owners and operating out of a custom-built factory in New Haven, Vespoli sells and repairs racing boats used for regattas worldwide.
coordinates:
POINT (-72.892611 41.321722)