selling to staff

As More US Business Owners Retire, Many Are Selling Up to Their Staff in Employee Ownership Deals

A wave of baby boomer retirements is prompting US business owners to sell their companies to employees, rather than to outside buyers. The trend is supported by rising investment funds and research showing employee-owned firms are more productive and pay higher wages. Examples include Softstar Shoes in Oregon and Stockwell Elastomerics in Philadelphia.