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Creating shareholder value, saving jobs and saving taxes through employee ownership. |
Employee OwnershipEmployee Stock Ownership Plans (ESOPs) are an employee benefit program that offer significant tax benefits to business owners while retaining local jobs and giving employees a stake in their company's future. ESOPs can be an attractive means of assuring the continued operations of a closely held company when the founder retires. The ESOP provides a ready buyer for the company and enables the seller to significantly reduce capital gains taxes.ICA provides a full range of services to analyze and structure ESOP
transactions to yield maximum benefit. Business and Financial Consulting ICA develops integrated financial projections to determine if an ESOP
is viable and how the transaction should be structured. Legal Services ICA assists with ESOP design to address employee eligibility,
vesting, allocation, voting, and other key issues. Workforce Education and Participation ICA educates employees about the ESOP and can design participation
and communication programs to help cultivate an ownership culture. ICA's ESOP clients include: Carris Reels Carris Reels is a manufacturer of reels for the wire and cable
industry. Based in Vermont, the company has 280 employee owners.
ICA worked with the owner to design an ESOP as a long term succession
plan for his retirement. www.carris.com Marland Mold Marland Mold designs and manufactures molds and tooling for the
plastics industry. ICA designed an ESOP to help employees buy the
company when the corporate parent, Tredegar Industries, announced its
plans to close Marland. ICA conducted a feasibility study,
structured the buy-out, packaged the financing, and provided training to
the employees. Based in Western Massachussetts, Marland has 83
worker owners. www.marlandmold.com Normandeau Associates Normandeau Associates is an environmental consulting firm. ICA
worked with executives from Thermo Electron Corporation, the seller, and
management at Normandeau to structure an ESOP that met the seller's
objectives and created 130 employee owners at Normandeau. ICA
structured the buyout, assembled the financing, and provided ESOP
training to the employees. www.normandeau.com Once Again Nut Butter Once Again Nut Butter is a specialty food manufacturer based in
upstate New York. ICA Designed an ESOP for the owner to initially sell
49% of the company to the workforce with a long range goal of 100%
employee ownership. HOME | ABOUT ICA | GENERATE JOBS | EMPLOYEE OWNERSHIP | INVEST |