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Harpoon Brewery faced ownership changes & explored options. Founders debunked myths about Employee Stock Ownership Plans (ESOPs) & sought expert guidance. Choosing an ESOP kept the brewery independent & employee-owned, but navigating the process required careful planning with professional help.
Content can help owners understand the importance of building a strong deal team to help with transitioning to EO.
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Add mentionHear the story about how one of the first craft breweries in the nation became one of the most successful employee owned breweries in the world.
Most business owners know that there are three options when planning for retirement. One, they can sell their business. Two they can, pass the business to a member of their family. Or three, they can close up shop. But, there’s a fourth option. One that allows a business owner to sell the business to the people who care most about its success, the employees. It’s called an Employee Stock Ownership Plan. This type of succession plan happens on the business owner’s timeline and ensure the business stays open, local, and in the hands of people who are passionate about the legacy of the company. In the “4th Option Series” you will hear from ESOP companies in multiple different industries, and their seasoned advisors, about what an ESOP is and if it’s right for you.
Learn more at: /fourthoption or
About The ESOP Association
The ESOP Association is the only entity that advocates for all ESOPs at the federal and national level. It provides education on ESOPs via national conferences (including the world’s largest ESOP conference) and a unique, nationwide network of chapters that combined attract more than 10,000 attendees each year. Learn more at www.esopassociation.org.
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