Chairman and Founder Paul Haislmaier: “As I considered a succession plan for TRC Global Mobility, I realized that selling to an ESOP would meet my objectives of keeping the company whole, the culture intact and our employees secure in their jobs. Plus, ESOP Partners, our consultant in this transaction, helped me understand the significant tax benefits that selling to an ESOP provides to both the company and its shareholders.”
According to The Employee Ownership Foundation’s 24th Annual ESOP Economic Performance Survey, the majority of ESOP companies showed increases in productivity, revenue, stock value, and profitability, all of which benefit employees.
Read more: TRC Global Mobility Completes Sale To Employee Stock Ownership Plan (ESOP)
