Vermeer SE dealership offers employee stock incentives
Vermeer Southeast, a full-service construction equipment dealer with locations in Florida, Georgia and Alabama, is now 100 percent employee-owned through an employee stock ownership plan (ESOP) Vermeer Southeast, a full-service construction equipment dealer with locations in Florida, Georgia and Alabama, is now 100 percent employee-owned through an employee stock ownership plan (ESOP). Vermeer Southeast leadership will remain under...
Warehouse1 celebrates 30th anniversary with new ESOP award
Warehouse1 has named Dennis Delantonas the first recipient of the company’s annual Employee Owner of the Year award during an October employee owner gathering. The gathering and launch of an employee recognition program were part of the year-long celebration of 30 years in business. Warehouse1 recently named Dennis Delantonas as the first recipient of the company’s annual Employee Owner of the Year award during an October...
Now is the time
BEFORE YOU DO ANYTHING ELSE……TAKE OUT YOUR HANDHELD AND/OR CALENDER AND MAKE AN ENTRY FOR OCTOBER 10, 2018 AT 1PM CENTRAL TIME Because I will be on a panel sponsored by MHW discussing ESOP’s for Material Handling, Equipment Rental Co/ Dealerships, and Related Industries. As you know I have been discussing the ESOP option for Dealers wanting to transition out or take some dollars off the table. The panel will...
ESOPs for Material Handlers-a more logical way to sell your business
If you run a Material Handling business – or a related equipment leasing/dealership company – and have considered succession planning options, you may be left with a lot of questions. Most owners look at selling to their current management teams or selling to a competitor. Both approaches present significant challenges and most owners end up doing nothing. Selling to a competitor sounds great in theory, but this approach...
Small Business Owners are getting a new incentive to sell
The federal government just made it a lot easier to form an employee-owned business. In an increasingly rare example of bipartisan cooperation, President Donald Trump on Aug. 13 signed a defense bill into law that included a popular provision that allows the Small Business Administration to straightforwardly loan money to employee-owned businesses that wish to buy out retiring small business owners. This and other...
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