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When it comes to exit plans, ESOPs are often overlooked. Yet Larry Ryan, founder and chairman of Ryan Lawn & Tree, made the bold decision to sell the company to his employees just 11 years after its founding. He wanted to grow the business to $100 million by 2030 by creating a team of long-term, […]
Lee Edwards is the president and CEO of The Greenery, Inc., based on Hilton Head Island, South Carolina. The Greenery was founded in 1973 by Edwardsā parents, Ruthie and Berry Edwards. Edwards graduated from Tulane University in 1990 with a bachelorās degree in history and a minor in English. He returned to the family business […]
Ivan Giraldo founded Clean Scapes Landscaping, based in Austin, Texas, with Rex Gore in 2005. He has more than 30 years of experience in the industry and served as a branch manager with TruGreen before starting his company. In 2021, Giraldo and Gore transitioned Clean Scapes to an Employee Stock Ownership Plan (ESOP). Did you […]
Employee Stock Ownership Plans, better known as ESOPs, have been around since the 1950s as a way to transition the ownership of a business to its employees. An ESOP gives workers ownership interest in the company in the form of shares of stock. When these employees leave or retire, they are paid for the cash […]
