Our ESOP journey began in 1992, when our legacy operating company, CC&N, sold the business to the employees. Over the years, the success of CC&N provided an opportunity to create our diversified holding company. OwnersEdge was founded in 2015 to protect and serve the sustainability of wealth creation for employee owners. Today, we buy and hold healthy businesses with healthy cultures.
For business owners considering ESOP as an exit strategy, there is a lot of administration involved. OwnersEdge has the experience and the structure to minimize complexity while providing a readymade ESOP option that includes tax advantages, competitive employee benefits, liquidity, and flexibility.
Selling to the OwnersEdge family means you are leaving the legacy of your business in the hands of the people that helped you build it and gives the opportunity for key employees to collaborate with our strategic shared services.
“OwnersEdge stood apart from other acquirers because of the gift of employee ownership that I could offer my employees. Post-acquisition, OwnersEdge has not only provided support in helping profitably grow the business, but it has also given me the opportunity to lead larger and more diverse businesses across the portfolio.”
– ROB DILLON
“I wanted to find a buyer for Infinity Wireless and Rhino Communications that would care for my employees. The ESOP business model and the OwnersEdge leadership team made us feel that our employees would be taken care of and our businesses would continue to flourish.”
– DAVE TOUTLOFF
Five companies, one diversified ESOP
Asche & Spencer, BAYCOM, CC&N, Implecho and QComp Technologies are all part of the OwnersEdge portfolio and each is a 100% employee-owned business. The five OwnersEdge companies provide diverse products and services to a variety of market segments ranging from public safety, construction and manufacturing to music production and events.
ESOPs are a retirement plan that provide employees with an opportunity to share in the profits they help create. Unlike 401(k)s, ESOPs typically have no out-of-pocket expense for employees and, according to national research, ESOP companies often excel at creating an engaging workplace culture. These plans can provide tax benefits for the business and the owners who sell their shares to an ESOP.