Waukesha, Wis. (May 5, 2022) – OwnersEdge Inc., a 100% ESOP owned holding company focused on investing in and building sustainable businesses throughout the Midwest, has been recognized as one of the nation’s top three ESOP companies by The ESOP Association (TEA). Each year at TEA’s National Conference in Washington D.C., the organization honors a select group of companies that actively participate in the employee ownership community and demonstrate a dedication to the association’s vision of employee participation, wealth creation and individual dignity and worth.
“As an ESOP holding company, we are somewhat unique in the world of ESOPs so being recognized nationally is a significant milestone for OwnersEdge and all of our employee owners,” says Lisa Reardon, CEO and Chairman of OwnersEdge, Inc. “We’re continually looking to grow our portfolio and plan to utilize the honor as an entrée when we approach potential companies about joining OwnersEdge.”
Based in Waukesha, OwnersEdge was established in 2015 as an ESOP holding company to provide revenue stream diversity and greater returns for its employee owners. During the past seven years, OwnersEdge has expanded rapidly, making seven acquisitions and growing the company to $100 million in revenue.
The OwnersEdge portfolio currently includes five 100% employee-owned businesses – Asche & Spencer, Baycom, CC&N, Implecho and QComp Technologies – that 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. ESOP companies often excel at creating engaging workplace cultures and are far less likely to lay off their employees, according to national research. These plans can provide tax benefits for the business and the owners who sell their shares to an ESOP.