FOR IMMEDIATE RELEASE
Holbrook & Manter steps into their second century in business as a S Corporation ESOP. H&M has transferred 100% ownership to its employees via an Employee Stock Ownership Plan.
An ESOP buys, holds and sells company stock, providing employees with an ownership stake in the company as well as an additional form of compensation linked to the success of the company.
Commenting on the announcement, Mark Welp, a principal with the firm said, “For us, becoming an ESOP owned firm just made sense in terms of our succession plan. It gives us the opportunity to continue the entrepreneurial spirit of H&M that was started by our founders over 100 years ago. We are very excited for all of our team members to become employee-owners and to continue the long legacy of our firm.”
H&M’s managing principal Bradley Ridge states, “It is simply terrific that the conclusion of our 100th year in business presented the perfect alignment for offering an innovative solution for our team member’s engagement, reward and retirement through an Employee Stock Ownership Plan. The opportunity for our team members to have a seat at the table in crafting the future for our firm not only enhances their careers but strengthens our bond in serving our extraordinary clients.”
Holbrook & Manter, CPAs is an employee-owned professional services firm specializing in family and closely held businesses. For over 100 years, H&M has provided superior accounting, tax and management consulting advice to both businesses and individuals. With five locations across the Central Ohio region, H&M provides cost effective, high quality technical service combined with sound personal attention. H&M is a member of Allinial Global, an association of legally independent accounting and consulting firms from across the globe who share education, marketing resources and technical knowledge in a wide range of industries.
Learn more about H&M at www.holbrookmanter.com
For press inquiries, please contact:
Molly Pensyl, Marketing & Business Development Manager
614.516.0040 or MPensyl@HolbrookManter.com