ESOPs in Ohio

Part
01
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Part
01

Ohio ESOPs, 2019

As highlighted within the enclosed spreadsheet, ten Ohio-based companies from a diverse array of industries transitioned to an ESOP in 2019.

2019 Overview

  • MKSK, a landscape architecture, planning and urban design firm, transitioned to an ESOP in October of 2019.
  • P. Graham Dunn, a manufacturer of gift, art and home decor goods, transitioned to an ESOP in September of 2019.
  • Intrust IT, a cybersecurity and IT support company, transitioned to an ESOP in November of 2019.
  • Infoverity, a consulting firm that specializes in systems integration and professional services, transitioned to an ESOP in April of 2019.
  • Rhinegeist, a craft beer maker, announced plans to transition to an ESOP in October of 2019.
  • LifeCare Ambulance, an emergency and non-emergency ambulance company, transitioned to an ESOP in July of 2019.
  • Utility Technologies, a natural gas support company with services including management, engineering, construction, operations and maintenance, transitioned to an ESOP in November of 2019.
  • Data provided by investment banking firm Lazear Capital Partners suggests that healthcare consulting firm Germane Solutions transitioned to an ESOP in 2019; although additional research was unable to corroborate this information, Lazear Capital Partners listed this transaction among its 2019 deals.
  • Data provided by investment banking firm Lazear Capital Partners suggests that blow molded plastic manufacturer Pinnacle Industrial Enterprises transitioned to an ESOP in 2019; although additional research was unable to corroborate this information, Lazear Capital Partners listed this transaction among its 2019 deals.
  • Polaris Automation, a provider of industrial automation control engineering solutions, transitioned to an ESOP in July of 2019.

Research Strategy

An extensive search of 2019 press releases, credible media sources, ESOP experts and industry resources was conducted to identify all transitions of Ohio-based companies from privately owned to ESOP in 2019. The listing above provides all publicly available ESOP transitions within the state for last year. However, as part of this research, a key resource for additional potential information was identified. Specifically, the National Center for Employee Ownership curates a nationwide database of ESOPs. This robust database, which is cited by credible news outlets including Crain's Cleveland Business, is available here for the Ohio area for $200.
Part
02
of three
Part
02

Ohio ESOPs, 2018

There are seven companies in the state of Ohio who went from a privately-owned company to ESOP in 2018. All results have been added to the attached spreadsheet.
Part
03
of three
Part
03

Ohio ESOPs, 2017

Ohio-based companies that went from a privately owned company to an employee stock ownership plan (ESOP) in 2017 include Buehler's Fresh Foods, West Monroe Partners, MFM Building Products Corp., Fin Feather Fur, and Outtech. The requested information about the companies is provided in the attached spreadsheet.

Buehler's Fresh Foods

West Monroe Partners

MFM Building Products Corp.

  • MFM Building Products Corp. was founded in 1961, and it was announced as an ESOP company on July 1, 2017.

Fin Feather Fur

Outtech

Barbour Publishing

Research Strategy

The listing above provides all publicly available ESOP transitions within the state of Ohio for 2017. However, as part of this research, a key resource for additional potential information was identified. Specifically, the National Center for Employee Ownership curates a nationwide database of ESOPs. This robust database, which is cited by credible news outlets, including Crain's Cleveland Business, is available here for the Ohio area for $200.
Sources
Sources