Employee Stock Ownership Plans (ESOPs)

Employee Stock Ownership Plans (ESOPs)

Acadian

Founded in 1971 with support from veterans of the Vietnam War, Acadian became a 30% ESOP-owned company in 1993 and a majority employee-owned company after 1998. It has grown to become the nation's largest privately held paramedic firm. Today, the company has over 400 ambulances, helicopters, and fixed-wing aircraft, and 4,000 employees. Acadian has expanded into medical transportation, safety management, security systems, and online EMS education, fields in which it owns six subsidiaries. Read more about Acadian...

Appleton

Appleton is the world's largest producer of carbonless paper. Once a division of National Cash Register (NCR), in 2001 employees invested $107 million from their pension monies to finance an $810 million buy-out, one of the largest employee buy-outs ever. Today, the 100% employee-owned company employs 3,400 people, including 1,400 in the Appleton area. Read more about Appleton...

Carris Reels

Carris Reels began as a family-owned business in 1951. It produces a wide variety of reels and packaging for the cable and wire industry. The company has grown to have 750 employees in 7 manufacturing and 10 assembly sites across the country. Employees now own over 40% of the company through their ESOP. Read more about Carris Reels...

CH2M Hill

With more than 24,000 employees and $5.4 billion in revenue, CH2M Hill, Inc. is a majority employee owned global engineering and operations business.  It has also won numerous awards for its environmental sustainability approach and for having an excellent employee work environment. In 2014, Engineering News-Record voted CH2M Hill to its Top 100 Green Buildings Design Firms and to its Top 200 Environmental Firms Sourcebook. The company has been named on FORTUNE’s “100 Best Companies to Work For” list four times.

Chatsworth Products

Once a division of a Fortune 500 company (the Harris Company), Chatsworth Products, which produces storage devices for mainframe computer equipment and data, became a 100% employee-owned company in 1991. The company has grown to employ over 900 people today. Read more about Chatsworth Products...

Chroma Technology Corp.

Founded in 1991, Chroma is an employee-owned company whose primary product is filters that are used in microscopes. Technically, Chroma is not an ESOP, but it is nonetheless 100 percent employee owned, with each individual's ownership stake varying according to seniority. In its first year, Chroma employed 7 and had sales of $300,000. A decade later, the number of employee-owners had risen to 54 and sales exceeded $12 million. Read more about Chroma Technology Corp....

Elkhorn Construction

Founded in 1984, Elkhorn Construction is a 100% employee-owned General Contractor specializing in the construction and maintenance of oil, natural gas, petrochemical and pipeline facilities as well as fossil fuel power/steam plants and mining operations, with a core workforce of more than 100 employees. Elkhorn also provides construction services for public works projects in the civil, mechanical, and electrical fields. Each of the three employees who retired in 2003 had accumulated personal ESOP account shares worth greater than $200,000. Read more about Elkhorn Construction...

King Arthur Flour

Started in Boston in 1790 and now based in Norwich, Vermont, America's oldest flour company has grown from a family-owned, mail-order business with five employees in 1990 to a 100 percent employee-owned (ESOP) business with over 180 employees and $45 million in annual sales. In January 2008, King Arthur Flour became a B-corporation (indicating a commitment to public benefit as well as profit). It was also among the 25 companies listed in WorldBlu's 2007 list of most democratic workplaces. Read more about King Arthur Flour...

March Westin

Founded in 1984, March Westin functions as a full-service engineering, general contracting, and design-build firm which handles projects ranging from a few thousand dollars to more than $45 million. Conversion to an ESOP began in 1993. Currently, 81 employees own 36% of the company, with the company having set a goal of majority employee ownership by the end of the decade. Read more about March Westin...

New Belgium Brewing

100 percent of the New Belgium Brewing company is owned by the coworkers through an Employee Stock Ownership Plan (ESOP).  The company also offers financial training and book management so all employees are educated on the business of doing business. Read more about New Belgium Brewing...

Publix

Publix, a Lakeland, Florida-based supermarket with branches throughout the southeastern United States, has made its employees part owners of the company since the 1930s. Today, it is the largest employee-owned supermarket chain in the country, with over 128,000 employees and annual sales of $16.5 billion. Read more about Publix...

Recology

With roots back to early “scavenger” companies founded in San Francisco in the early 1900s, Recology is a 100 percent employee owned company dedicated to building resource ecosystems that protect the environment and sustain communities.  To do so, the company’s services include street and commercial facility cleaning, landscaping and maintenance; waste collection, recovery, processing, sorting and transfer; waste recycling education; organic material collection and processing; and landfill management.  In all its work, the company is committed to a “zero waste” approach, which means finding ways to use waste products in a way that benefits the environment and only landfilling materials for which no use has yet been found.  Today, Recology is recognized as the largest employee-owned company in the resource recovery industry and serves as a parent to over 40 subsidiaries that provide integrated services to over 670,000 residential and 95,000 commercial customers in California, Oregon, Nevada and Washington.  Recology hires directly from the communities it serves, aims to purchase local goods and services when possible, and supports community development programs.

Schreiber Foods

Founded in 1945, Schreiber has grown to become the world's largest privately held cheese company, with 4,200 employees and over $2 billion in annual sales. Since 1999, it has been 100% employee-owned through an ESOP. Read more about Schreiber Foods...

The Davey Tree Expert Company

Founded as a family-owned business in 1880, the company has expanded to offer tree and lawn care services in 40 states and 4 Canadian provinces. A 100% employee-owned company since 1979, the company currently has approximately 5,000 employee-owners nationwide. Read more about The Davey Tree Expert Company...

W. L. Gore

Founded in 1958, the company, maker of GoreTex products, has expanded to have over 6,000 employees. The company's web site focuses on its egalitarian employment culture, not its ownership structure. But W.L. Gore employees own approximately 90% of the company through their ESOP. Read more about W. L. Gore...

Wayfield Foods

Founded in 1982 by two Atlanta-area businessmen and converted to an ESOP in 1992, Wayfield now has 8 locations and over 500 employees. In 2016, the grocery won the Center for Civic Innovation’s Corporate Civic Impact award for its commitment to educating the community about healthy living.

Zachary's Chicago Pizza

The 115-employee Zachary's Chicago Pizza restaurant provides an example of how the ESOP form can allow family business owners to transfer ownership over time to their employees as they retire. In Zachary's case, conversion to ESOP ownership began in 2003 and has now accomplished 100% employee ownership. In a fall 2004 interview with the Berkeley-based Daily Californian newspaper, the restaurant’s co-founder, Zach Zachowski, explained the rationale for creating the ESOP: “If we sold the business to a corporation, the culture will change and so will the food and the staff.” Read more about Zachary's Chicago Pizza...

Employee Stock Ownership Plans (ESOPs)

Acadian

Founded in 1971 with support from veterans of the Vietnam War, Acadian became a 30% ESOP-owned company in 1993 and a majority employee-owned company after 1998. It has grown to become the nation's largest privately held paramedic firm. Today, the company has over 400 ambulances, helicopters, and fixed-wing aircraft, and 4,000 employees. Acadian has expanded into medical transportation, safety management, security systems, and online EMS education, fields in which it owns six subsidiaries. Read more about Acadian...

Appleton

Appleton is the world's largest producer of carbonless paper. Once a division of National Cash Register (NCR), in 2001 employees invested $107 million from their pension monies to finance an $810 million buy-out, one of the largest employee buy-outs ever. Today, the 100% employee-owned company employs 3,400 people, including 1,400 in the Appleton area. Read more about Appleton...

Carris Reels

Carris Reels began as a family-owned business in 1951. It produces a wide variety of reels and packaging for the cable and wire industry. The company has grown to have 750 employees in 7 manufacturing and 10 assembly sites across the country. Employees now own over 40% of the company through their ESOP. Read more about Carris Reels...

CH2M Hill

With more than 24,000 employees and $5.4 billion in revenue, CH2M Hill, Inc. is a majority employee owned global engineering and operations business.  It has also won numerous awards for its environmental sustainability approach and for having an excellent employee work environment. In 2014, Engineering News-Record voted CH2M Hill to its Top 100 Green Buildings Design Firms and to its Top 200 Environmental Firms Sourcebook. The company has been named on FORTUNE’s “100 Best Companies to Work For” list four times.

Chatsworth Products

Once a division of a Fortune 500 company (the Harris Company), Chatsworth Products, which produces storage devices for mainframe computer equipment and data, became a 100% employee-owned company in 1991. The company has grown to employ over 900 people today. Read more about Chatsworth Products...

Chroma Technology Corp.

Founded in 1991, Chroma is an employee-owned company whose primary product is filters that are used in microscopes. Technically, Chroma is not an ESOP, but it is nonetheless 100 percent employee owned, with each individual's ownership stake varying according to seniority. In its first year, Chroma employed 7 and had sales of $300,000. A decade later, the number of employee-owners had risen to 54 and sales exceeded $12 million. Read more about Chroma Technology Corp....

Elkhorn Construction

Founded in 1984, Elkhorn Construction is a 100% employee-owned General Contractor specializing in the construction and maintenance of oil, natural gas, petrochemical and pipeline facilities as well as fossil fuel power/steam plants and mining operations, with a core workforce of more than 100 employees. Elkhorn also provides construction services for public works projects in the civil, mechanical, and electrical fields. Each of the three employees who retired in 2003 had accumulated personal ESOP account shares worth greater than $200,000. Read more about Elkhorn Construction...

King Arthur Flour

Started in Boston in 1790 and now based in Norwich, Vermont, America's oldest flour company has grown from a family-owned, mail-order business with five employees in 1990 to a 100 percent employee-owned (ESOP) business with over 180 employees and $45 million in annual sales. In January 2008, King Arthur Flour became a B-corporation (indicating a commitment to public benefit as well as profit). It was also among the 25 companies listed in WorldBlu's 2007 list of most democratic workplaces. Read more about King Arthur Flour...

March Westin

Founded in 1984, March Westin functions as a full-service engineering, general contracting, and design-build firm which handles projects ranging from a few thousand dollars to more than $45 million. Conversion to an ESOP began in 1993. Currently, 81 employees own 36% of the company, with the company having set a goal of majority employee ownership by the end of the decade. Read more about March Westin...

New Belgium Brewing

100 percent of the New Belgium Brewing company is owned by the coworkers through an Employee Stock Ownership Plan (ESOP).  The company also offers financial training and book management so all employees are educated on the business of doing business. Read more about New Belgium Brewing...

Publix

Publix, a Lakeland, Florida-based supermarket with branches throughout the southeastern United States, has made its employees part owners of the company since the 1930s. Today, it is the largest employee-owned supermarket chain in the country, with over 128,000 employees and annual sales of $16.5 billion. Read more about Publix...

Recology

With roots back to early “scavenger” companies founded in San Francisco in the early 1900s, Recology is a 100 percent employee owned company dedicated to building resource ecosystems that protect the environment and sustain communities.  To do so, the company’s services include street and commercial facility cleaning, landscaping and maintenance; waste collection, recovery, processing, sorting and transfer; waste recycling education; organic material collection and processing; and landfill management.  In all its work, the company is committed to a “zero waste” approach, which means finding ways to use waste products in a way that benefits the environment and only landfilling materials for which no use has yet been found.  Today, Recology is recognized as the largest employee-owned company in the resource recovery industry and serves as a parent to over 40 subsidiaries that provide integrated services to over 670,000 residential and 95,000 commercial customers in California, Oregon, Nevada and Washington.  Recology hires directly from the communities it serves, aims to purchase local goods and services when possible, and supports community development programs.

Schreiber Foods

Founded in 1945, Schreiber has grown to become the world's largest privately held cheese company, with 4,200 employees and over $2 billion in annual sales. Since 1999, it has been 100% employee-owned through an ESOP. Read more about Schreiber Foods...

The Davey Tree Expert Company

Founded as a family-owned business in 1880, the company has expanded to offer tree and lawn care services in 40 states and 4 Canadian provinces. A 100% employee-owned company since 1979, the company currently has approximately 5,000 employee-owners nationwide. Read more about The Davey Tree Expert Company...

W. L. Gore

Founded in 1958, the company, maker of GoreTex products, has expanded to have over 6,000 employees. The company's web site focuses on its egalitarian employment culture, not its ownership structure. But W.L. Gore employees own approximately 90% of the company through their ESOP. Read more about W. L. Gore...

Wayfield Foods

Founded in 1982 by two Atlanta-area businessmen and converted to an ESOP in 1992, Wayfield now has 8 locations and over 500 employees. In 2016, the grocery won the Center for Civic Innovation’s Corporate Civic Impact award for its commitment to educating the community about healthy living.

Zachary's Chicago Pizza

The 115-employee Zachary's Chicago Pizza restaurant provides an example of how the ESOP form can allow family business owners to transfer ownership over time to their employees as they retire. In Zachary's case, conversion to ESOP ownership began in 2003 and has now accomplished 100% employee ownership. In a fall 2004 interview with the Berkeley-based Daily Californian newspaper, the restaurant’s co-founder, Zach Zachowski, explained the rationale for creating the ESOP: “If we sold the business to a corporation, the culture will change and so will the food and the staff.” Read more about Zachary's Chicago Pizza...