MarketScale Company
Request a demo
Subscribe
Services
Subscribe
Friday, September 22, 2023
Go Back

We Take Success Personally.

At Weaver, we care about success. But it’s not just the success of our firm or clients that matters to us; it’s the success of our people who make the day-to-day of this business possible. That’s why we’re passionate about bringing together talented individuals and giving them the tools they need to succeed. We lean on each other as members of the Weaver family, understanding that our culture is driven by our collective values, character and efforts. Our goal is to balance both high development with high performance in order to meet the long-term goals of each individual, team and our firm, and every person plays a part.

Weaver

Business Services

Weaver: Learning About Employee Stock Ownership Plans

April 20, 2023
employee
ESOP
finance
stock ownership plans
+more


An employee stock ownership plan is a form of employee benefits that rewards workers by giving them a share in the company in the form of a stock. ESOPs, as they are dubbed, have steadily increased in popularity since their inception in the 1970s. So, what exactly is an ESOP, how do you know if it’s right for your company, and what should you know before adopting one?

In the newest episode of Weaver’s Beyond the Numbers podcast, Will Rosell, CFO, Pieper-Houston Electric, joins Jennifer Krieger, Director of Valuation Services at Weaver, to chat about ESOPs.

Rosell has been with Pieper-Houston Electric for over two years. Prior to becoming CFO, Rosell was the Vice President of Doeren Mayhew Capital Advisors. He earned a BS in Accounting from Stockton University and holds his MBA in Corporate Finance and Supply Chain Management from Rutgers Business School.

Will and Jennifer cover topics including why Pieper-Houston Electric’s owner transferred ownership to Pieper-Houston Electric’s employees with an ESOP and his goals in addressing issues within the construction industry with the ESOP. Also discussed was how selling shareholders may continue their role with the company even after adopting an ESOP, along with factors to consider when determining whether an ESOP is appropriate for the company and what decision-makers wish they knew beforehand.

“It takes a lot of people to build a company, not one person builds any company…probably the main thing that was considered in the ESOP transaction was…doing a deal that makes sense for everyone…,” said Rosell.

Key Points:

  • An ESOP is a great way to reward employees’ hard work while also giving the existing shareholder an exit strategy.
  • An ESOP strategy helps address recruitment and retention concerns within the construction industry.
  • Shareholders may continue their role with the company even after adopting an ESOP.
  • An ESOP consultant can help you decide if an ESOP is an appropriate fit and can arm you with the knowledge to design a custom plan for your company and industry.

Recent Episodes

View episode

Leveraging Stakeholders is a Key Proactive Measure to Prevent Company Security Threats

  Security threats are escalating in this day and age, and the onus isn’t merely on reactive measures but proactive measures, too. These are the nuanced approaches that integrate human intuition and robust technology. Because often, the warning signs preceding a major security incident present as complex components that potential attackers leave behind. Spotting these […]

View episode

The Security Industry Shifts to Navigate the Integration of AI, Drones, and Robotics

  The integration of emerging technologies such as drones, artificial intelligence-driven video analytics, and robotics is reshaping the landscape of the security industry. These innovations are not just add-ons; they represent a paradigm shift in security applications, necessitating thorough groundwork and stakeholder engagement. But where exactly do these emerging trends fit in, and where are […]

View episode

Addressing Human Intuition Can Improve Workplace Safety Ahead of Active Shooter Situations

  With the prevalence of mass shootings, growing concerns about active shooter situations are more pronounced than ever. Today it is critical that there is preparedness and continuous reassessment in case of a possible situation. But relying on outdated plans will undermine the very purpose of having a security protocol. There are physical security measures […]