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Folience named national ESOP Company of the Year

Folience, a Cedar Rapids-based holding company whose properties include The Gazette, received the ESOP Association’s National 2022 Employee Owned Company of the Year award...

Folience acquires Kansas-based TravAlum to boost capacity for Cimarron Trailers division

Folience, a Cedar Rapids-based ESOP-owned holding company, announced Tuesday that it has acquired the assets of TravAlum, an aluminum trailer manufacturer based in Manhattan,...

Mi-T-M Corporation announces full ESOP ownership

Mi-T-M Corporation, based in Peosta, has announced its transition to full employee ownership under an ESOP (Employee Stock Ownership Plan). Company founder and CEO A.J....

ESCO Group transitions to full ESOP ownership

ESCO Group has announced the successful transfer of 100% ownership of the company to its employees via an Employee Stock Ownership Plan (ESOP) for...

Folience CEO makes the case for more ESOP support

Daniel Goldstein, president and CEO of Folience, testifies on behalf of The ESOP Association before the House Small Business Committee Hearing on the Challenges...

Navigating the ESOP maze

By Dave DeWitte dave@corridorbusiness.com Transferring a company’s ownership from a private owner to employees through an Employee Stock Ownership Plan may be admirable, but it’s far...

Corridor’s coolest small company puts creativity first

The Fusionfarm team shows off their cheer in last year's Christmas photo. The agency has earned a reputation for its creativity and open atmosphere....

Stepping under the ESOP umbrella

Employee-owned companies in the Corridor are pursuing M&A deals in a bid to diversify   By Dave DeWitte dave@corridorbusiness.com Employee stock ownership plans, or ESOPs, long used by...

ESG calculates its next moves

Gary Kaufman, who acquired Entrepreneurial Services Group in January, stands outside his Armstrong Center office on the Third Avenue SE skywalk in Cedar Rapids....

Corridor experts offer advice for business transfer planning

By Dave DeWitte dave@corridorbusiness.com As a growing number of baby boomers prepare to pass the baton of business ownership, they face a complex and sometimes lengthy...

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