Blue Ridge ESOP Associates Industry News

When the owners of Best Friends Pet Hotel were looking to sell their business, they found a way to let their employees become the new owners. With the guidance of Mosaic Capital Partners, an ESOP Trust was established and a strategy set into motion to accelerate the company's growth. The bridge that Mosaic built allowed the original owners to see the profit of their sale sooner than a traditional ESOP transaction. Meanwhile the employees who work in a retail environment are able to boast about the fact that they are owners of their company. Learn more about how this bridge to employee ownership might be a viable option for selling your business.

Blue Ridge ESOP Associates is pleased to announce the addition of Carla Klingler and Beth Bauer to our team of professionals.

The OEOC will be hosting the following webinar presented by Blue Ridge ESOP Associates' professionals, Pam Themar and Kevin Rusch.

With the 116th Congress now in session, we would like to encourage you to invite your representatives for tours of your company. On-site tours allow members of Congress to see first-hand the value of employee-owned companies. ESCA has given an update below of the 10 new members from the House Democrats who have been appointed to the House Ways and Means Committee.

On August 13^th, a significant pro-ESOP bill was signed into law. The Main Street Employee Ownership Act (S. 2786) was signed into law as part of the Senate’s National Defense Authorization Act (NDAA).

Blue Ridge ESOP Associates is committed to staying active in the ESOP Community.  Several of our employees will be doing presentations and attending conferences over the next few months.

The Heart of America's 19th Annual Fall ESOP Conference is coming up next week! There is still time today to register here. At this conference, our professionals Chad Guzinski and Scott Freund will be available to give an overview of the additional services we provide along with our standard ESOP & 401k administration services. On Thursday, you will have the opportunity to hear Anthony Brunsvold present about the Three R's of Distributions and Their Impact on Cash Flow & Repurchase. In this technical session, experienced practitioners will explain the real meaning behind the terms Recycling, Redeeming and Releveraging and how each impacts the ESOP.