PlanForce inks deal with Teamshares

PlanForce has inked a deal to work with Teamshares, a venture-capital-backed firm that helps small and medium-sized businesses transition to employee-ownership. As soon as the deal was signed, Teamshares immediately granted shares of the company to the employees. In addition, employee ownership will grow over time, until PlanForce employees eventually own 80% of the company.

So, what does this mean for our clients and industry partners? Everything here will continue to be business-as-usual. Weld is staying with the company for a 12-month transition, and he will serve as a director of the company on our board after that. Ryan is stepping into the role of President to lead day-to-day operations. All other employees will remain in place, to ensure the continued success of our Twin Cities commercial architecture and interior design projects.