Employee Ownership Or Private Equity?
Two longtime technicians are buying the clinic as Pennington seeks to keep the practice local and avoid corporate consolidation.
3 Articles
3 Articles
Employee Ownership Or Private Equity?
Still relatively unknown in Connecticut, employee ownership is a way for business owners to keep their business open when they retire and to preserve their legacy. According to Robin Lamott Sparks, executive director of the Connecticut Center for Employee Ownership, it helps keep jobs local and stabilizes the community.
Power-assisted exercise equipment manufacturer Innerva has become an employee owned business
Honley-based power-assisted exercise equipment manufacturer Innerva is now employee-owned through the creation of an Employee Ownership Trust. The move reflects Innerva’s commitment to supporting the strong growth it has experienced in recent years and ensuring that its future stays in the hands of those who know the company best. An Employee Ownership Trust is a statutory trust that holds a controlling interest in a company on behalf of all emp…
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