With its first location opening in Lakewood, WA in 1971, RAM Restaurant & Brewery now operates 31 restaurants—including C.I. Shenanigans in Tacoma—across 6 states. Recognizing the success of other ESOP companies, the restaurant group transitioned to employee ownership in 2014. It currently has about 2,000 worker-owners. Read more about RAM Restaurant & Brewery...
Originally part of Delta Engineering, Parametrix was created in 1974 when two Delta divisions merged and spun off as a separate company. Recognizing that worker ownership would provide a secure future for its employees and their families, the company transitioned to an ESOP structure in 1992 and became 100 percent employee-owned in 1999. Now working across 12 locations (the majority of which are in Washington State), Parametrix’s 740 worker-owners focus on providing solutions for complex infrastructure and environmental projects.
Established in 1958, T.W. Frierson Contractor, Inc. is a general contracting firm committed to providing environmentally sustainable solutions for all facility types. In 2016, the firm transitioned from family-owned to employee-owned, making it Nashville’s first employee-owned general contractor. T.W. Frierson currently has 140 worker-owners.
InfoWorks is a 100 percent employee-owned firm that provides analytics, management, and technology solutions to companies in the Mid-South. Recognized in 2017 as a “Best Place to Work” by the Nashville Business Journal, InfoWorks aims to treat its roughly 100 worker-owners like family. Also committed to the community, InfoWorks supports a range of nonprofits located in Middle Tennessee and encourages its employees to participate in volunteer activities.
Premier System provides turnkey system integration, panel fabrication, consulting, outsourcing, recruiting, and other key services to manufacturers across the U.S. Founded in 1991, the company became 100 percent employee owned in 2014. With its headquarters in Nashville and regional offices in Decatur, AL and Cincinnati, OH, Premier System has over 140 employees.
This report from the National Center for Employee Ownership synthesizes research on the impact of employee ownership on economic outcomes for young workers, ages 28-34. The authors find that compared to non-employee owners, these workers have higher household net wealth, higher median incomes, increased job stability, and greater access to benefits such as childcare, retirement plans, and tuition reimbursement.
But employee ownership requires new investment in order to get to scale. A new report by Mary Ann Beyster, president and trustee of the Foundation for Enterprise Development (FED), published by the Fifty by Fifty initiative of The Democracy Collaborative, examines the investing landscape for potential opportunities in employee ownership. The report, Impact Investing and Employee Ownership, reports on the results from six months of research showing that the opportunities for impact investors to support employee ownership are limited, but that an investing infrastructure is beginning to emerge across asset classes.
Headquartered in Chicago, Amsted manufactures industrial components primarily for the railroad, vehicular, construction, and building markets. It operates 49 facilities located across 11 countries and 6 continents, and has more than 18,000 employees. Since 1998, the firm has been 100 percent employee-owned.