Beyster Client Profiles

Employee Ownership Select Client Profiles

The Accounting Group

TAG | The Accounting Group

Robert J. Scherer founded TAG in 1996. After hearing about the concept of employee ownership from peers, he began researching the topic and came across Dr. J. Robert Beyster’s book “The SAIC Solution". The book inspired Scherer and TAG vice-president Steve Bond to restructure the company’s business model and transform TAG into an entrepreneurial company whose success is driven by the commitment and longevity of its employees. Continue reading....

CMC Rescue

CMC Rescue, Inc.

CMC Rescue became 92 percent employee owned in 2011. The company has instituted several programs to help promote and educate the benefits of employee ownership. "We celebrate Employee Ownership Month in October with an offsite company picnic and a variety of other events focused on education and team building... coordinating these events and posting visible evidence of employee ownership around the building... and all managers are learning to promote the new culture of openness, teamwork and accountability." Continue reading....

Coast Citrus Distributors

Citrus Coast Distributors

At Coast Citrus, the employees are eligible to participate in the ESOP after completing 500 hours and/or three months of service. Currently the company is 70 percent employee owned. Vice Presdient Isabel Freeland said that the employees were very excited when told about the implementation of the ESOP plan. "We had a lot of employees that felt like they were already owners but now this was truly a reality.” Continue reading....

Dekra-Lite

Dekra-Lite

When a local attorney he knew told Jeff about the Beyster Institute, Jeff asked the attorney to set up a meeting. Following the meeting he engaged the Institute to guide him through the process of investigating and then designing and implementing a well-tailored ESOP. Continue reading....

Dini Spheris

Dini Spheris (formerly Dini Partners, Inc.)

Dini Partners decided to pursue a course of employee ownership for several reasons. Dick Nystrom, vice president for Finance and Administration said they took a look at the number of partners and... then contemplated the liability of finding people willing to purchase the stock at value. "We didn't see a mechanism to sell the stock in a way that wouldn't be a crushing blow to both the leadership and sales of the corporation and also the owners," said Nystrom. "It was clearly a way to define an ownership transition." Continue reading....

Flexpak Corp

Flexpak Corporation

In 1987, the company decided to pursue doing an employee stock ownership plan. The founder, Donald Bond, after attending a seminar on succession and taxation felt convinced that having an ESOP would be beneficial not only for himself but also for the future of the company. “I believe there is a lifecycle to ESOPs,” said Murray. “As the percentage of ownership builds it is important to think about the culture. We have a mission statement that says we are committed to being a world-class supplier, dedicated to our employees and focused on the customer.” Continue reading....

Flexpak Corp

Gems N' Loans

Not all happy endings begin with love at first sight, and Gems N' Loans is a classic case study for why one can't always judge a book (or, in this case, a business) by its cover. In 1993, Mack Hembree, a successful real estate businessman, was invited to invest in opening a business that he had some commonly held reservations about. The business was a pawn shop, and Mack made sure to do his homework on the industry before jumping into a 23-year journey building an excellent organization in the most unlikely of places. Continue reading....

Harrell Remodeling

Harrell Remodeling

From the platform of those values, Harrell Remodeling has grown steadily and incorporated a growing team of individuals, led today by CEO Ciro Giammona, mutually dedicated to the same ideals: To let their shared values and nurturing culture create a thoroughly inspiring home remodeling experience that benefits clients and employees alike. Continue reading....

LA Engineering, Inc.

Los Angeles Engineering, Inc.

CEO Angus O’Brien explained that management felt by doing the ESOP that it could be a win-win scenario, wherein everyone benefits. “I feel employee ownership can help us attract and retain future employees. It does make a difference,” said O’Brien. “We are working on the cultural aspect right now and trying to better educate the employees about the benefits of the ESOP... They like the idea that they can own shares and become an owner and do think the more exposure people have to the information flow, the more they will be able to embrace it." Continue reading....

nLink Corp

n-Link Corporation

n-Link Founder Sandra Green explained that in the early days she wasn’t exactly certain what employee ownership entailed but knew intrinsically that it was a good thing for the company and the employees. Green felt that if the company could engage its employees that serve their customers to think like owners, then the company can grow and the employee’s share value can grow. Continue reading....

Parties That Cook

Parties That Cook

"I wanted everyone to be invested in the same goal," says founder Bibby Gignilliat. "All of these employees were hard workers to begin with, but now they are really going the extra mile and looking at things differently. I think sharing ownership is the right thing to do from an ethical standpoint, especially in a startup without a huge bottom line. In a tough year like this one, it served as a pick-me-up when I couldn't give significant raises... I know that the company is in really good hands." Continue reading....

Systech Solutions

Systech Solutions, Inc.

Founder Arun Gollapudi looked into the idea of implementing an ESOP at Systech, but he wasn’t sure it was feasible. Then in 2008, Arun saw a presentation on employee ownership by Beyster Institute Director Tony Mathews at an event for Wells Fargo’s commercial customers. He was inspired by the potential employee ownership has to engage employees, and he learned that implementation was not as costly as he had imagined. Tony and Arun sat down to... design a plan and find the business valuation experts and lawyers who could help put it into place. Continue reading....

Welk Resorts

Welk Resorts

For CEO Jon Fredricks and the rest of the company management, there was more. They saw a great fit between the idea of employees holding Welk company stock via their retirement accounts and the company’s traditional employee relations philosophy. This would be one more way that employees would be treated like family. And giving them a stake in the company stock value meant that they would develop a heightened appreciation for the importance of watching expenses – from keeping bed linens intact to making sure that gardening tools are kept out of the rain. Continue reading....