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Haverford Systems transitions to employee ownership
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Haverford Systems transitions to employee ownership
Haverford Systems, a Downingtown, Pennsylvania-based AV integration company, has become 100 percent employee-owned following the establishment of an employee stock ownership plan (ESOP). The move marks a significant change for the company, which was founded in 1987 as a family-owned business by Hugh and Eileen Richards. Rather than selling to a larger competitor or private equity firm, the founders opted to transfer ownership to employees throug…
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