Tag Archives: Employee-ownership

The ESOP Podcast Episode 34 – Bob Whalen, CEO of Employee-Owned HB Global, LLC

The ESOP Podcast Episode 34 – Bob Whalen, CEO of Employee-Owned HB Global, LLC

Our guest is Robert “Bob” Whalen, President & Chief Executive Officer (CEO) of HB Global, LLC. HB Global employs approximately 750 people across three divisions of employee-owned mechanical service companies: HB McClure Company, IT Landes Company, and Nash Plumbing and Mechanical, with locations in Harrisburg, York, and Harleysville, Pennsylvania, and Wildwood, Florida.

Bob Whalen describes how their ESOP creates both a positive current working environment today and a retirement vehicle for the future. HB Global LLC practices open-book management and finds that it empowers every one of their employees to make a positive impact on the finances of the business.  An ESOP won’t turn a bad company into a good company — but an ESOP can make a good company into a great company.  Focusing on employees first helps HB Global outperform the marketplace.

You can view part of today’s interview on Periscope here.  Follow the latest from HB Global on Twitter @HBMcClure and @IT_Landes

Bob Whalen, President & CEO of HB Global speaking with Bret Keisling of Capital Trustees

To listen to the “Women in ESOPs” presentation mentioned at the top of this podcast, tune into Episode 33 here.


More about HB Global, LLC

HB Global, LLC Logo

“HB Global, LLC, is the organizational partner that supports three divisions of mechanical service companies: HB McClure Company, IT Landes Company, and Nash Plumbing and Mechanical. Directed by a Senior Leadership Team, HB Global is responsible for guiding each division in living our core values, providing employees with opportunities for professional development, and protecting shareholder value. HB Global also encourages employees to connect with their communities and empowers employees to serve as trusted advisors to build lasting client relationships. A key component of this empowerment is participation in our employee stock ownership plan (ESOP). It is this ownership status and our core values that are the driving factors behind our continued growth.” [Source: About HB Global, LLC]


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Do you have feedback about this or any other episode of The ESOP Podcast? Do you have a topic that you would like for us to discuss on the show? Would you like to appear on the podcast as a featured guest or a panelist in a group presentation? Then we want to hear from you! Send us an email at podcast@captrustee.com.

The ESOP Podcast Ep 33 – Women in ESOPs with Kimberly Jones, President of Butler/Till

The ESOP Podcast Episode 33 – Women in ESOPs with Kimberly Jones, President of Butler/Till

In this week’s episode, we are excited to share an #NCEO18 session that was, to our knowledge, a first of its kind at any national ESOP conference; we’re sharing the audio from the April 18th, 2018, NCEO “Workshop for Women in ESOPs” led by Kimberly Jones, who is the president of Butler/Till, an employee-owned media and communications agency based in Rochester, New York.  In this session, women in the ESOP community candidly discussed the challenges they face due to their gender in a traditionally male-dominated industry. The workshop was light-hearted and productive and is hopefully only the beginning of an ongoing conversation that will help keep the ESOP community dynamic and inclusive.

Tune into The ESOP Podcast Episodes 30, 31, and 32 for further coverage of presentations at #NCEO18, the National Center for Employee Ownership (NCEO) 2018 Annual Conference, held April 18-20, 2018 in Atlanta, Georgia.

“Awesome women’s event @theNCEO. Thank you Kim Jones @ButlerTill”

Photo and quote from Value Management, Inc. () on Twitter, 2:31 PM April 18th, 2018


More about Kimberly Jones and Butler/Till

Butler/Till

Source: Butler/Till

“Ms. Kimberly Jones serves as the President of Butler/Till Media Services, Inc and served as its Vice President of Digital Media and Vice President of Client Services. Ms. Jones is also an expert juggler—and we’re not talking tennis balls. Account teams. Creative service teams. Client needs. Client needs they don’t even know they need yet. A family. A Martha Stewart tendency. A to-read list a mile long. And she does it all effortlessly, with not a curl out of place. Before Butler/Till, Kimberly was at Bausch + Lomb, The Wolf Group (now Partners + Napier). She earned her MBA from the Simon School of Business at the University of Rochester, and her Bachelor of Science degree in Advertising from the University of Texas at Austin.” [Source: Bloomberg Profile.]

More about NCEO

The National Center for Employee Ownership “is a nonprofit membership and research organization that was founded in 1981 to provide the most objective and reliable information possible on employee ownership at the most affordable price possible.”  [Source: About NCEO]


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We Want to Hear from YOU

Do you have feedback about this or any other episode of The ESOP Podcast? Do you have a topic that you would like for us to discuss on the show? Would you like to appear on the podcast as a featured guest or a panelist in a group presentation? Then we want to hear from you! Send us an email at podcast@captrustee.com.

The ESOP Podcast Episode 29 – Communicating Value to ESOP Participants

The ESOP Podcast Episode 29 – Communicating Value to ESOP Participants

This episode of The ESOP Podcast is a recording of the “Communicating Value to Participants” presentation given at the New Jersey/New York Chapter of The ESOP Association’s 2018 Spring Conference held in Syracuse, New York on April 5th, 2018.  The presenters are Rob Hilton, Director of Valuation and ESOP Services at Katz Sapper & Miller, Andy O’Neill, Director at Prairie Capital Advisors, and Bret Keisling, Managing Director at Capital Trustees.

During the second half of the podcast there is an excellent give and take with the diverse group of ESOP companies in the audience, which makes this presentation even more valuable for ESOPs looking to continuously improve their communication and engagement.

Click below to download the accompanying “Communicating Value to Participants” slide show presentation.

DISCLAIMER: The opinions expressed in this presentation and the presentation materials are not intended to be used as legal advice. Please consult with counsel as necessary.


More about Robert C. Hilton Jr. and Katz Sapper & Miller

Robert Hilton

Katz Sapper and Miller Logo

Rob Hilton, ASA is Director of Valuation and ESOP Services at Katz Sapper & Miller. He is an Accredited Senior Appraiser (ASA) of the American Society of Appraisers and is based in Rochester, NY.  As one of the top 60 CPA firms in the nation, KSM has earned a reputation as a leader in the areas of accounting, tax and consulting services. KSM is regularly named one of the “Best of the Best” accounting firms in the nation by INSIDE Public Accounting magazine.  KSM is a 100% employee-owned S-corporation ESOP.

EXPERIENCE:  Rob has about 20 years of experience and has provided hundreds of valuations in a wide variety of equity classes.  Rob has extensive experience with the implementation and administration of employee stock ownership plans (ESOPs), the valuation of gift and estate planning, buy-sell agreements, recapitalization, mergers and acquisitions, purchase price allocations, financial reporting, and general corporate planning with experience in a broad range of industries. In addition, he focuses on the valuation of covenant-not-to-compete and non-solicitation agreements.

CERTIFICATIONS/EDUCATION:  He is a member of the National Center of Employee Ownership and The ESOP Association and is a regular speaker at regional and national conferences.  He is currently the Executive Vice President of the New York/New Jersey ESOP Association Chapter.

Rob has testified as an expert witness in the Superior Court of New Jersey.

Rob holds a B.A. in Chemistry and Psychology from Emory University and an M.B.A. from the University of Rochester, William E. Simon Graduate School of Business Administration.

You can also get to know more about Rob Hilton in his own words by listening to The ESOP Podcast Episode 23 – Rob Hilton, Mark Kossow, and Rich Heeter.

More about Andy O’Neill and Prairie Capital Advisors (PCA)

Andy O’Neill is a Director with Prairie Capital Advisors (PCA) in Boston, Massachusetts. PCA is an employee-owned company that provides investment banking, ESOP advisory and valuation services to support the growth and ownership transition strategies of middle-market companies. PCA is based Oakbrook Terrace, with offices in Boston, Atlanta, Louisville, Cedar Rapids, and Chicago.  The company is an advisor to closely-held companies nationwide.

Andy advises companies and principals on valuation and ownership transition issues specifically Employee Stock Ownership Plan (ESOP) formation and implementation.  Mr. O’Neill has performed valuation and economic analysis services for clients in the following industries: software, retail, manufacturing, distribution, energy services and infrastructure, utilities, telecommunications, transportation, and engineering and construction management.

EXPERIENCE:  Prior to joining Prairie Capital Advisors, Mr. O’Neill was a Managing Director at independent valuation firms, a Principal with the Consulting division of Bechtel Corporation, and the successor entity Nexant, where he managed the Transaction Advisory Services practice. Additionally, Andy was Vice President of Merrill Lynch Business Advisory Services working with closely-held businesses and owners on liquidity and ownership transition issues.

EDUCATION/CERTIFICATIONS

  • Bachelor of Science in Mechanical Engineering from Cornell University.
  • FINRA Series 79 and 63 Investment Banking Registrations

PROFESSIONAL AFFILIATIONS

  • National Center for Employee Ownership (NCEO)
  • The ESOP Association
  • Association for Corporate Growth

More about Bret Keisling, Capital Trustees, LLC

And, of course, you can learn more about our own Managing Director, Bret Keisling, on our about page, or listen to ESOP Podcast Episode 1: Introduction.


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We Want to Hear from YOU

Do you have feedback about this or any other episode of The ESOP Podcast? Do you have a topic that you would like for us to discuss on the show? Would you like to appear on the podcast as a featured guest or a panelist in a group presentation? Then we want to hear from you! Send us an email at podcast@captrustee.com.

The ESOP Podcast Episode 27 – If I’d Only Known Then What I Know Now: Transitioning to and Embracing an ESOP

Laurie Calvert presenting with Bret Keisling

The ESOP Podcast Episode 27 – If I’d Only Known Then What I Know Now: Transitioning to and Embracing an ESOP

Today’s episode has two parts, both recorded at the 2018 Spring Conference of the New England Chapter of The ESOP Association on Friday, March 23rd in Burlington, Massachusets.

Capital Trustees is proud to be a Gold Sponsor of the 2018 Spring Conference of the New England Chapter of The ESOP Association in Burlington, Massachusets.

We start with an interview with Laurie Calvert, Chief Operating Officer of Meridian Associates, Inc., a civil engineering and land surveying firm that transitioned to 100% employee ownership in 2016.  She shares her perspective as both a leader and a participant in the early years of an ESOP, including a great analogy to the early years of home ownership.

The external trustee for Meridian Associates’ ESOP is Kjersti Cory of GreatBanc Trust Company, who planned to co-present “If I’d Only Known Then What I Know Now: Transitioning to and Embracing an ESOP” with Laurie Calvert at the conference.  Unfortunately, Kjersti Cory was waylaid by the unpredictable winter weather, and so Bret Keisling, Managing Director at Capital Trustees, LLC, stepped in as understudy to present from the external trustee perspective. The second half of this podcast is a recording of that interactive session, which is designed to give companies who are thinking about becoming an ESOP or are new to ESOPs information and ideas to help with the success of the transition.  As you will hear, audience members were invited to ask questions, and we invite you to contact either Laurie Calvert or Bret Keisling with your own questions via email.

[The first section of the podcast has some background noise from the conference, which subsides as the recording progresses. Listeners with auditory issues that make it difficult to process background interference should skip ahead to the 18:05 mark to jump to the lead-in to the presentation.]

Laurie Calvert presenting with Bret Keisling

L-R: Laurie Calvert of Meridian Associates, Inc. and Bret Keisling of Captial Trustees, LLC.

Click below to download the accompanying “If I’d Only Known Then What I Know Now: Transitioning to and Embracing an ESOP” slide show presentation.

If I’d Only Known Then What I Know Now: Transitioning to and Embracing an ESOP

DISCLAIMER: The opinions expressed in this presentation and the presentation materials are not intended to be used as legal advice. Please consult with counsel as necessary.


More about Laurie Calvert and Meridian Associates, Inc.

Laurie Calvert Meridian Associates COO

Meridian Associates

“Meridian Associates provides land development, land surveying, civil engineering, renewable energy, 3D laser scanning, and sustainability consulting services to corporate, commercial, industrial, institutional and public sector clients. These services encompass a comprehensive permit and development process from initial site acquisition studies to final compliance certification, analysis and implementation.

Meridian Associates is headquartered in Beverly, Massachusetts with a branch office in Westborough, Massachusetts. Meridian Associates has provided services to projects in 29 of 48 contiguous states in the US, and several foreign countries. Meridian seeks to provide clients with technical expertise and end-to-end management of complex development and energy projects in helping them to succeed financially, environmentally and socially responsibly.” [Source: Meridian Associates, Inc., Copyright 2017 ]

“Laurie Calvert is the Chief Operating Officer at Meridian Associates. Laurie brings over 20 years of business experience in organizational leadership, operations and financial management, strategy development and execution, and program management to her role as COO at the firm. Laurie is responsible for overseeing the company’s day-to-day operations including the strategic planning and execution process. On any given day, Laurie is working hard to promote a culture of teamwork, improving tools and infrastructure to enable firm performance, or communicating with employees on firmwide initiatives.  Laurie serves on the board of directors at Meridian Associates.

Laurie earned her Master of Arts in Urban + Environmental Policy & Planning from Tufts University. Her Bachelor of Science in Business Administration is from Oakland University.” [Source: Meridian Associates – Leadership]


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We Want to Hear from YOU

Do you have feedback about this or any other episode of The ESOP Podcast? Do you have a topic that you would like for us to discuss on the show? Would you like to appear on the podcast as a featured guest or a panelist in a group presentation? Then we want to hear from you! Send us an email at podcast@captrustee.com.

The ESOP Podcast Episode 25 – Tabitha Croscut of Devine Millimet on Transactional Law for ESOPs

The ESOP Podcast Episode 25 – Tabitha Croscut of Devine Millimet on Transactional Law for ESOPs

Our guest is Tabitha Croscut an ESOP attorney with Devine Millimet, Attorneys at Law. Tabitha Croscut discusses the history and current practice of transactional law for employee stock ownership companies.  She walks the listener through the process owners interested in employee-ownership would go through when they consult an ESOP attorney to investigate whether an ESOP is right for their company.

This podcast was recorded during the March 2018 ESOP Professionals’ Forum. The Professional Forum is a unique opportunity for professionals that serve the ESOP community to have strategic and complex discussions about the challenges facing ESOPs. Tabitha Croscut also recommends you attend your local ESOP Association meetings, such as her local chapter the New England Chapter of the ESOP Association, and the annual ESOP Association conference in Washington, DC.

You can follow the latest from Tabitha Croscut on Twitter @ESOPDiva and on LinkedIn.


More about Tabitha Croscut

Tabitha Croscut, Source: Devine Millimet, Professionals

I help my clients assess, consider, and navigate the utility of an Employee Stock Ownership Plan as an ownership succession and employee incentive strategy. For companies that have already implemented an ESOP, I provide counsel and guidance for ongoing compliance of the ESOP as a qualified retirement plan and with any related fiduciary or corporate governance concerns, including US Department of Labor and Internal Revenue Service audits and any voluntary correction submissions that may be applicable.

My clients include business owners and companies considering an ESOP, companies that have already implemented an ESOP, individual selling shareholders, banks, and internal and external (individual and institutional) ESOP trustees. I have advised clients in ESOP transactions ranging from under a million dollars to over four hundred million dollars.

I frequently speak at ESOP conferences nationwide and present regularly on how ESOPs can be an effective and tax-efficient exit or transition planning solution for owners of privately held businesses.

I strongly believe that employee ownership through an ESOP can be extremely motivating for employees in a structure that maintains good jobs in local communities while serving as an ownership transition and liquidity strategy for privately held business owners. Curious how to hire and ESOP attorney and why it matters?

When I’m not counseling clients on a myriad of ESOP related matters, my other job is as a mother of two young girls who keep me busy with their love of animals, sports, and musical activities. I also enjoy travel and meeting new people in new towns all over the United States.” [Source: Devine Millimet, Professionals]

More about Devine Millimet

“Devine Millimet is one of the largest and most dynamic business and litigation law firms in the region, serving our clients and our communities since 1947. Working from our historic headquarters building in Manchester, New Hampshire, and our satellite offices in Concord and Portsmouth, New Hampshire and Boston, Massachusetts, we serve individuals, businesses, and nonprofits in the areas of healthcare, tax, estate planning, construction, intellectual property litigation, medical malpractice, real estate, insurance, utilities, and all aspects of corporate law, including finance, employment, workers’ compensation, mergers and acquisitions, bankruptcy, and government affairs. We also provide strategic consulting, lobbying, bond and public finance services, and crisis management services as part of our government regulation practice and Devine Strategies strategic consulting group.”

Source: About Devine Millimet


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We Want to Hear from YOU

Do you have feedback about this or any other episode of The ESOP Podcast? Do you have a topic that you would like for us to discuss on the show? Would you like to appear on the podcast as a featured guest or a panelist in a group presentation? Then we want to hear from you! Send us an email at podcast@captrustee.com.

The ESOP Podcast Episode 23 – Rob Hilton, Mark Kossow, and Rich Heeter

ESOP 101 Around the Table

The ESOP Podcast Episode 23 – Rob Hilton, Mark Kossow, and Rich Heeter

This special ESOP Podcast is a companion episode to our well-received “ESOP 101” podcast (Episode 21), which presented a 360-degree overview of the “What, Why, and How” of employee stock ownership plans.  In this episode we’ll learn more about the perspective and background of each of those “ESOP 101” presenters: Robert C. Hilton Jr., ASA, Director of Valuation and ESOP Services at Katz, Sapper & Miller, Mark R. Kossow, Esq., a partner at Archer & Greiner P.C., and Richard A. Heeter, Managing Director at Captial Trustees, LLC.

ESOP 101 Around the Table

L-R: Mark R. Kossow, Esq. Archer & Greiner P.C., Robert C. Hilton Jr., ASA, Katz Sapper & Miller, and Richard A. Heeter and Brian Keisling of Captial Trustees, LLC.

 

ESOP 101

Download “The ESOP Podcast Episode 21 – ESOP 101: What, Why, and How” podcast and presentation here.


More about Robert C. Hilton Jr. and Katz Sapper & Miller

Robert Hilton

Katz Sapper and Miller Logo

Rob Hilton, ASA is Director of Valuation and ESOP Services at Katz Sapper & Miller. He is an Accredited Senior Appraiser (ASA) of the American Society of Appraisers and is based in Rochester, NY.  As one of the top 60 CPA firms in the nation, KSM has earned a reputation as a leader in the areas of accounting, tax and consulting services. KSM is regularly named one of the “Best of the Best” accounting firms in the nation by INSIDE Public Accounting magazine.  KSM is a 100% employee-owned S-corporation ESOP.

EXPERIENCE:  Rob has about 20 years of experience and has provided hundreds of valuations in a wide variety of equity classes.  Rob has extensive experience with the implementation and administration of employee stock ownership plans (ESOPs), the valuation of gift and estate planning, buy-sell agreements, recapitalization, mergers and acquisitions, purchase price allocations, financial reporting, and general corporate planning with experience in a broad range of industries. In addition, he focuses on the valuation of covenant-not-to-compete and non-solicitation agreements.

CERTIFICATIONS/EDUCATION:  He is a member of the National Center of Employee Ownership and The ESOP Association and is a regular speaker at regional and national conferences.  He is currently the Executive Vice President of the New York/New Jersey ESOP Association Chapter.

Rob has testified as an expert witness in the Superior Court of New Jersey.

Rob holds a B.A. in Chemistry and Psychology from Emory University and an M.B.A. from the University of Rochester, William E. Simon Graduate School of Business Administration.

More about Mark R. Kossow and Archer & Greiner PC

Mark Kossow

Archer and Greiner logo

Mark Kossow focuses his practice on employee stock ownership plans (ESOPs) and is a partner at Archer & Greiner P.C.

His practice is focused on implementing ESOP transactions and their compliance with IRS and Department of Labor requirements.  Mark’s strong tax background helps corporations, fiduciaries, and selling shareholders to maximize the tax advantages of their ESOP transactions.

He frequently speaks on topics relating to ESOPs, ERISA, and tax matters at meetings of The ESOP Association and other organizations concerned with exit planning and succession planning.

Mark is listed in Best Lawyers in America (Tax Law), and is an active member of The ESOP Association and the National Center for Employee Ownership (NCEO).

Mark is a graduate of the University of Michigan (with distinction) and Albany Law School (cum laude).  He also holds an advanced legal degree (LL.M.) in taxation from New York University Law School.

More about Richard A. Heeter, Capital Trustees, LLC

And, of course, you can learn more about our own Managing Director, Rich Heeter, on our about page, or listen to ESOP Podcast Episode 1: Introduction.


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The ESOP Podcast Episode 22 – Rob Zicaro on Employee Ownership

The ESOP Podcast Episode 22 – Rob Zicaro on Employee Ownership

Our guest is Rob Zicaro, an ESOP advocate, speaker, and consultant, and a singer-songwriter. He spent 26 years as an employee-owner at Web Industries, and he shares his insider’s perspective from his years as an active employee-owner, as well as his current experience enjoying this unique benefit and continuing his career in music at RobZMusic.com.  Rob offers a lot of food for thought for both current and prospective employee owners, with an emphasis on the importance of developing a culture of communication and mutual respect.

Here’s the video of Rob Zicaro speaking at “The Future of the American Workplace” conference, July 26th, 1993, as heard at the 05:15 mark in this podcast episode.

 

@CapTrusteesBret kicked off this podcast from Worcester, Massachusetts on Periscope here.


about Rob Zicaro

Rob Zicaro [Source: RobZ Music]

“Professional songwriter who writes, produces, arranges, and mixes original radio-ready songs. Also an employee ownership advocate with 26 years experience.” You can follow @RobZicaro on Twitter and his daily ESOP food for thought here.

You can find more about Rob’s music on his webpage RobZMusic.com, or subscribe to Rob’s music on Soundcloud here.

More about Web Industries

“A 100% employee-owned company, Web Industries, Inc., is the largest and most diverse provider of flexible material converting and end-product manufacturing services for the Advanced Composites, Medical, Consumer Health & Hygiene, Multi-Layer Insulation, and Wire & Cable markets. Utilizing the widest array of slitting, spooling, winding, and ply formatting configurations in the business, Web formats composites, nonwovens, specialty films, papers, foils, laminates, and foams for downstream manufacturing. Web specializes in developing optimized material processing solutions that deliver converted materials on custom-designed spools, planetary rolls, planetary pads, and ply kits for efficient, cost-effective product manufacturing. ”

“A 100% employee-owned company, Web Industries has been a vocal proponent of EO for decades, and the company’s employee-owners have long been active within the local, regional, and national EO communities. Web’s employee-owners have even provided valuable insights on the topic to US Presidents and Congress. Every person at Web is a stakeholder in the company, and they know that the company’s success is driven by the success of our customers. This makes us stewards of their business as well as ours and drives us to constantly improve our processes, discover new efficiencies, and develop new capabilities to meet market needs.” [Source: Web Industries, Marlborough, MA]


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The ESOP Podcast Episode 21 – ESOP 101: What, Why, and How

ESOP 101

The ESOP Podcast Episode 21 – ESOP 101: What, Why, and How

Mark R. Kossow, Esq., a partner at Archer & Greiner P.C., Robert C. Hilton Jr., ASA, Director of Valuation and ESOP Services at Katz, Sapper & Miller, and Richard A. Heeter, Managing Director at Captial Trustees, LLC  gathered together at Archer & Greiner’s offices in Haddonfield, NJ to present you with a 360-degree overview of the what, why, and how of ESOPs.

DISCLAIMER: The opinions expressed in this presentation and the presentation materials are not intended to be used as legal or valuation advice. Please consult with counsel as necessary.

Click below to download the accompanying “ESOP 101 What, Why and How” slide show presentation.

ESOP 101

 

This presentation was broadcast live on Periscope on Thursday, February 8th.  Follow @CapTrusteeBret on Twitter for future live broadcasts.

ESOP 101 Presentation Panel Live

L-R: Mark R. Kossow, Esq. Archer & Greiner P.C., Robert C. Hilton Jr., ASA, Katz Sapper & Miller, and Richard A. Heeter of Captial Trustees, LLC.

Archer and Greiner Haddonfield

Archer & Greiner’s offices in Haddonfield, NJ.


More about Mark R. Kossow and Archer & Greiner PC

Mark Kossow

Archer and Greiner logo

Mark Kossow focuses his practice on employee stock ownership plans (ESOPs) and is a partner at Archer & Greiner P.C.

His practice is focused on implementing ESOP transactions and their compliance with IRS and Department of Labor requirements.  Mark’s strong tax background helps corporations, fiduciaries, and selling shareholders to maximize the tax advantages of their ESOP transactions.

He frequently speaks on topics relating to ESOPs, ERISA, and tax matters at meetings of The ESOP Association and other organizations concerned with exit planning and succession planning.

Mark is listed in Best Lawyers in America (Tax Law), and is an active member of The ESOP Association and the National Center for Employee Ownership (NCEO).

Mark is a graduate of the University of Michigan (with distinction) and Albany Law School (cum laude).  He also holds an advanced legal degree (LL.M.) in taxation from New York University Law School.

More about Robert C. Hilton Jr. and Katz Sapper & Miller

Robert Hilton

Katz Sapper and Miller Logo

Rob Hilton, ASA is Director of Valuation and ESOP Services at Katz Sapper & Miller. He is an Accredited Senior Appraiser (ASA) of the American Society of Appraisers and is based in Rochester, NY.  As one of the top 60 CPA firms in the nation, KSM has earned a reputation as a leader in the areas of accounting, tax and consulting services. KSM is regularly named one of the “Best of the Best” accounting firms in the nation by INSIDE Public Accounting magazine.  KSM is a 100% employee owned S-corporation ESOP.

EXPERIENCE:  Rob has about 20 years of experience and has provided hundreds of valuations in a wide variety of equity classes.  Rob has extensive experience with the implementation and administration of employee stock ownership plans (ESOPs), the valuation of gift and estate planning, buy-sell agreements, recapitalization, mergers and acquisitions, purchase price allocations, financial reporting, and general corporate planning with experience in a broad range of industries. In addition, he focuses on the valuation of covenant-not-to-compete and non-solicitation agreements.

CERTIFICATIONS/EDUCATION:  He is a member of the National Center of Employee Ownership and The ESOP Association and is a regular speaker at regional and national conferences.  He is currently the Executive Vice President of the New York/New Jersey ESOP Association Chapter.

Rob has testified as an expert witness in the Superior Court of New Jersey.

Rob holds a B.A. in Chemistry and Psychology from Emory University and an M.B.A. from the University of Rochester, William E. Simon Graduate School of Business Administration.


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The ESOP Podcast Episode 19 – Martin Staubus of The Beyster Institute at The Rady School of Management

The ESOP Podcast Episode 19 – Martin Staubus of The Beyster Institute at The Rady School of Management

Our guest is Martin Staubus, Executive Director of The Beyster Institute at The Rady School of Management, University of California San Diego.  We learn about some of the history of the ESOP movement, how the benefits of employee ownership are even more relevant today, and then take a peek into our crystal ball on the future of ESOPs.

Along the way, we discuss transparency, open-book management, and The Great Game of Business.  We also give an overview of the training and certification programs offered by the Beyster Institute’s Governance Curriculum for Employee Ownership Companies.

Here are some resources if you wish to delve deeper into the topics covered in this podcast:

And, as mentioned at 1:18:18 in the podcast, here is a view of the beautiful Rady School of Managment Wells Fargo Hall where the podcast was recorded.

Rady School of Managments Wells Fargo Hall

Source: UC San Diego News


More about Martin Staubus

Martin Staubus

Martin Staubus, Source: UC San Diego Rady School of Managment

Martin Staubus has been leading The Beyster Institute for 18 years. “He has advised hundreds of business leaders on the design and creation of employee stock ownership programs, including ESOPs, stock options plans, SAR plans, restricted stock plans and more.” [Source: LinkedIn]

More about The Beyster Institute at The Rady School of Management at the University of California San Diego

Rady School of Management

“The Beyster Institute at UC San Diego’s Rady School of Management works to advance the understanding and practice of employee ownership as an effective and responsible business model. We focus on educationresearch, and consulting to promote employee ownership and the creation of effective ownership cultures.

We serve companies interested in the employee ownership business strategy, business owners looking to transition out of their companies and professional advisers who want to better serve their clients by gaining employee ownership knowledge.”

Source: Rady School of Management, Beyster Institute, Employee Ownership 

More about J. Robert Beyster

“The work of the Beyster Institute began in 1986 when, as part of the Foundation for Enterprise Development, it took on the commission to spread the visionary ideas of Dr. J. Robert Beyster, the founder of SAIC. These ideas have led to the development of many highly successful enterprises based on the potent combination of employee ownership and entrepreneurial spirit.

Dr. Beyster founded SAIC in 1969, and by the time he retired from the company in 2004 it had grown to Fortune 500® size, with more than 40,000 employees and annual revenues approaching $8 billion. Dr. Beyster firmly believed that the methods used to develop SAIC – employee ownership, shared entrepreneurship and participation – can make a real difference in the success of an enterprise and in the economic lives of people everywhere. From the very beginning, Dr. Beyster rewarded the performance of employees with stock ownership. As SAIC grew, Dr. Beyster fought to preserve the values that had made the early SAIC successful – not only employee ownership and entrepreneurship, but a flexible and decentralized organization structure, technical excellence, high standards of ethical conduct, and a firm belief in customer service.

Dr. Beyster retired from the company in 2004. In conjunction with his retirement, the Beyster Institute joined the Rady School of Management at the University of California, San Diego, a leading professional school within one of the top-ranked institutions in the U.S. for higher education and research.  Dr. Beyster passed away at his home in La Jolla on Dec. 22, 2014, leaving behind a legacy that continues to have a lasting impact on people, businesses, and communities across the face of our nation and around the globe.”

Source: The Beyster Institute, About Us


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The 12 Days of ESOPs, Day 9: Jason Wellman of ESOP Partners on Employee Communication

The 12 Days of ESOPs, Day 9: Jason Wellman of ESOP Partners on Employee Communication

We’re celebrating the spirit of the ESOP Movement with The Twelve Days of ESOPs.

12 Days of ESOPs
 
Our guests over these twelve days hail from a variety of fields in ESOP World – from lawyers, to valuators, to CEOs, and even employee owners themselves – each bringing their own unique outlook and experience to our ongoing conversation about what makes ESOP participation so valuable to companies.
 
On the ninth day of ESOPs, our guest is Jason Wellman, Senior ESOP Relationship Consultant with ESOP Partners.  Jason Wellman specializes in communicating, educating, teaching, training, and presenting about ESOPs so that employees understand this unique, non-traditional benefit.  
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💃💃💃💃💃💃💃💃💃 Keep on your toes! Just like great dancers, great businesses need excellent communication with their partners. A correct and consistent communication plan helps ESOPs reap the rewards of an engaged workforce.

More about ESOP Partners

ESOP Partners

ESOP Partners is based in northeastern Wisconsin and serves companies across the United States.  They offer comprehensive ESOP services including ESOP administration, compliance, planning, and consulting.

More about Jason Wellman

Jason Wellman,  Senior ESOP Relationship Consultant with ESOP Partners [Photo Credit: ESOP Partners]

Jason Wellman “helps ESOP companies by developing a comprehensive Ownership Culture through proactive educational resources for all participants to improve their understanding of ESOPs’ unique benefits.

He has over 20 years of experience in sales and sales management, specializing in internal and external training and education. Prior to working with ESOP Partners, Jason served as a Regional Sales Specialist for Ariens, a leading manufacturer of outdoor power equipment, and a Regional Sales Director for GNC, a nutritional supplement company that is the largest of its kind worldwide.

He is a member of the ESOP Association Advisory Committee on Ownership Culture and Communications and of the Minnesota & Dakotas ESOP Chapter Membership Committee. Jason is also a contributing author for the ESOP Association’s ESOP Report on Ownership Advantage topics to improve ESOP culture and communications for the Association’s members.

In his free time, Jason is a devoted Green Bay Packers fan and attends games frequently with his wife, Anne.  He enjoys spending time playing sports with their three children, Brady, Tyler, and Leah.  He is also actively involved in his local church, serving as a Sunday School teacher and Awana Captain.” [Source: ESOP Partners, Our Team]

Twitter:

As mentioned during the podcast, we originally ‘met’ Jason over Twitter. You can join us in following him on Twitter @1_wellman, and follow ESOP Partners at @ESOPPartners.  You can follow Bret at CapTrusteesBret.


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