Industry-leading Music Production Business Becomes ESOP
Waukesha, Wis. (October 7, 2021) – On September 30, Asche & Spencer, a Minneapolis-based, technology-forward music production business, joined OwnersEdge as an affiliate company and all of its employees became part of the OwnersEdge employee stock ownership plan (ESOP).
“Asche & Spencer has an impressive 33-year track record of success and excellence and an extensive library of quality music that’s written from the heart – something that clearly differentiates it from others in the industry,” says Lisa Reardon, CEO and Chairman of OwnersEdge, Inc. “We have great respect for Ashe & Spencer and what their talented team has accomplished. We’re excited to welcome them to our ESOP organization.”
Asche & Spencer has studios in Minneapolis and Los Angeles where the company writes, records, produces and mixes world-class music. It is known for its high-end production and has created music for Oscar-winning feature films, award-winning international television commercials and a variety of other media platforms. In addition to its superior production capabilities, Asche & Spencer pioneered a first-of-its-kind searchable online database that allows its clients to easily access its music collection, sync a song with video and safely save the unpublished piece privately.
The recent acquisition is the second OwnersEdge has made outside of Wisconsin. In 2019, the ESOP holding company added two Minneapolis-based businesses – Rhino Communications and Infinity Wireless. Rhino was merged into Baycom Inc., an existing OwnersEdge portfolio company, and Rhino was rebranded as Implecho.
Reardon established OwnersEdge in 2015 as an ESOP holding company to provide revenue stream diversity and greater returns for its employee owners. In the past six years, she has led OwnersEdge through seven acquisitions, growing the company to $100 million in revenue. The OwnersEdge portfolio now includes five 100% employee-owned businesses – Asche & Spencer, Baycom Inc., CC&N, Implecho and QComp Technologies.
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Based in Waukesha, Wis., OwnersEdge Inc. is a 100% ESOP owned holding company that strives to invest in and build sustainable businesses throughout the Midwest. The affiliated companies within the OwnersEdge portfolio utilize their industry expertise to drive business growth and create value for stakeholders including customers, communities and the ESOP employee owners. The five companies in its portfolio – Asche & Spencer, Baycom Inc., CC&N, Implecho and QComp Technologies – provide diverse products and services to a variety of market segments ranging from public safety to construction to manufacturing and attractions. For more information, visit ownersedgeinc.com.