Category Archives: Network

The Paquin Company and Chardon Labs 100% ESOP in 2013

As we’re compiling information for our 2014 memberships, we’d like to recognize some of our Network Members who have become 100% Employee Owned in 2013.

The Paquin Company was founded in 1949, and operates as a full service distributor for hydraulic, pneumatic, linear motion, components and systems. In 2013, the company became 100% employee owned under an ESOP.

Chardon Labs opened in 1965 to provide technical service and support in HVAC water management. Since becoming an ESOP company in 1996, Chardon labs has become 100% owned by its employees.

Other 100% Employee Owned Companies in our Network include:

  • ACRT, Inc.
  • Aero-Mark, Inc.
  • American Roll Form
  • Bardons & Oliver, Inc.
  • Bostwick-Braun Co.
  • Brainard Rivet Company
  • Buckeye Corrugated, Inc.
  • Carbo Forge, Inc.
  • Columbia Chemical Corporation
  • Contract Sweepers and Equipment
  • DimcoGray Company
  • EBO Group
  • Evergreen Cooperative Laundry
  • Fastener Industries
  • GBS Corporation
  • Grand River Rubber & Plastics
  • Green City Growers
  • The Great Lakes Construction Company
  • Gutknecht Construction Company
  • J.H. Bennett & Co., Inc.
  • Janotta & Herner, Inc.
  • Jet Rubber
  • Joseph Industries
  • Kraft Fluid Systems, Inc.
  • Mantaline Corporation
  • Maryland Brush Company
  • The Mosser Group
  • O E Meyer Company
  • Ohio Valley Supply
  • Ohio Cooperative Solar
  • P.T. Services Rehabilitation
  • Palmer-Donavin Manufacturing Company
  • Perry ProTech
  • PLAN-E-TECH Industries, Inc.
  • Prentke Romich Company
  • Producers Service Corporation
  • R.E. Kramig & Co., Inc.
  • Rable Machine, Inc.
  • S.G. Morris
  • Saturday Knight Ltd.
  • Select Machine
  • Smith & Schaefer
  • Software Solutions
  • Star Leasing Company
  • Stow-Glen Retirement Village
  • Thompson-Shore, Inc.
  • Voto Manufacturers Sales
  • The Will-Burt Company
  • Xtek, Inc.

For more information about Ohio’s Employee Owned Network and the benefits of being a member, visit the Network page or contact the OEOC, 330-672-3028 or Network Coordinator Chris Cooper.

New Webinar Series added to Fall Network Events

We invite employee-owners to take part in October’s three webinar sessions covering a variety of topics presented by some of the most experienced, knowledgeable, and dynamic professionals in the ESOP community.

October 1, 2013  10 AM – Accounting 101 for ESOP companies
This webinar will focus on the financial statement impact for partial and fully owned ESOP companies. It will detail the balance sheet and income statement impact, as well as the disclosure requirements for such companies. – Presented by Bill Schramm and Pete Chudyk, Moloney & Novotny

October 10, 2013  10 AM – Administering Your ESOP 
In today’s challenging economic environment, members of a company’s Board of Directors, corporate officers, ESOP trustees and ESOP committee members need to make sure that they properly understand their roles and responsibilities. – Presented by Sharon Hearn and Alex Mounts,  Krieg Devault

October 16, 2013  10 AM – ESOP’s – Just another Benefit? How is your ESOP part of the overall “rewards & benefit” program at your company?
Your total Benefits and Rewards package is an important expenditure for your business. This session will explore the options when structuring a comprehensive benefit and compensation plan for your company. – Presented by Dan Riemenschneider, Bruner-Cox

For more information on any of the webinars, visit the Network Webinar page. 

Fall Network Schedule:

Mark your calendars for the Southwest Ohio Employee Ownership Forum

The Southwest Ohio Employee Ownership Forum provides attendees with the opportunity to learn more about the fundamental requirements for ESOPs, Employee Ownership Culture, standard appraisal methods and the challenges faced by mature ESOPs.

The sessions will include information helpful to all those in employee-owned companies as well as those considering and ESOP.

Wednesday, September 25, 2013
Crowne Plaza Cincinnati Blue Ash

Sessions will include:

  • Basic Guidelines, Provisions, and Plan Features for ESOPs
  • Impacting Your Share Value–Appraisal Basics and Special Issues for ESOPs
  • Sharing Financial Information with Your Employee Owners…how open should your “open book” be to drive top performance
  • Some Mature ESOP Issues: Sub S Strategies, Repurchase Liability Concerns, Acquisition Considerations

Watch this space for more information on this and other upcoming Network events!

How Does the Affordable Care Act Impact Employee-Owned Companies?

Ohio’s Employee-Owned Network is co-sponsoring a new event to help administrators at employee-owned companies to understand the ever-changing legal requirements, and other compliance issues in providing health care benefits for employees.

Health Care Forum: Code, Coverage, Compliance

An Interactive Event for Employee-Owned Companies

The event will include two sessions:

  • Monday, September 9, 2013 in Cleveland, OH
  • Tuesday, September 24, 2013 in Cincinnati, OH

Both sessions run from 1:00-4:30 pm (registration begins at 12:45)

For more information, including an agenda and registration form, click here.

Time to Reserve a Spot for the May 21 CEO/CFO Networking Dinner

Our Popular CEO / CFO Networking Dinner

Will be in Columbus!

Tuesday, May 21

by calling the OEOC at 330-672-3028
or emailing the name, title, company, and email address of anyone in your company who will be attending to

“Visit Star Leasing, have dinner, and network”

Star Leasing Company, headquartered in Columbus, has been providing a quality one-source solution to its customers’ semi-trailer needs since 1974. Star Leasing’s overall objective is to be the “One Solution” (Rent, Lease, Sell, Maintain) for semi-trailer needs for all of their customers. The company provides tailored lease and rental programs for semi-trailers including complete maintenance service with full service locations in Ohio, Indiana, Georgia, North Carolina and Alabama. Star also provides trailer maintenance for customer owned equipment. Their typical customers are private & contract transportation fleets and motor carriage companies. Star became 100% employee owned in 1987 and has nearly 200 active employees.

To learn more about Star Leasing, visit its website at

star leasing 1
star leasing 2
star leasing 3

This event, always popular with ESOP company executives, will be hosted by Jeff Rosen CFO at Star Leasing. Join your fellow ESOP managers to observe this very unique company and share ESOP ideas. There is no charge for this event. We welcome top management from ESOP companies to attend, not necessarily only those with CEO and CFO titles.

The session will include a company tour, dinner, networking and Q & A.

Tentative agenda:
4:30pm – Arrive, refreshments/networking and Star Leasing tour
6:30pm – Dinner, and Question & Answer Session
8:30pm – Ajourn

For reservations please call the OEOC: 330-672-3028

Three-Part Series of Webinars for ESOP Companies Begins Next Week-Register Now

Our next series of webinars begins next week with a presentation on Department of Labor regulations related to ESOPs, presented by Dale R. Vlasek, Attorney.

Register now to take advantage of this convenient and economical way to learn from some of the most experience, knowledgeable, and dynamic professionals in the ESOP Community.

Upcoming Presentations:

  • March 6, 10 AM – DOL Enforcement and ESOPs; Current Issues – Presented by Dale R. Vlasek,  Attorney, McDonald Hopkins LLC. View archived video
  • March 8, 10 AM – Explaining Ownership Culture – Presented by Christopher Mackin, President, Ownership Associates, Inc. View archived video
  • March 12, 10 AM – An Appraisers Perspective on Acquisitions – Presented by Davin Gustafson,  Principal, Apple Growth Partners. View archived video

Learn more about the webinar series.

To answer any questions you may have, or for further information concerning these events please contact Jay Simecek or Chris Cooper at the Ohio Employee Ownership Center,  330-672-3028.

New Series of Webinars for ESOP Companies Scheduled for March 2013

We are excited to offer you and your employee owners a convenient and economical way to learn. In March, we will be offering three “one-hour” webinar sessions covering a variety of topics presented by some of the most experienced, knowledgeable, and dynamic professionals in the ESOP community.

DOL Enforcement and ESOPs; Current Issues
Presented by Dale R. Vlasek,  Attorney, McDonald Hopkins LLC
March 6, 2013  10 AM (Register Here)

This program will discuss the US Department of Labor regulations that ESOP companies should be aware of. It will also examine the proposed fiduciary definition including appraisers and look at the trend of cashing out participants from company stock when they terminate employment.

Dale R. Vlasek is an experienced ESOP attorney in Cleveland, Ohio and is chair of the Employee Benefits Practice Group.

Explaining Ownership Culture
Presented by Christopher Mackin, President, Ownership Associates, Inc.
March 8, 2013  10 AM (Register Here)

Ownership Culture is a term that most ESOP employers have heard or seen in newsletters for conference brochures. It sounds good, but what is it? This webinar will explain the core foundations of ownership culture, differentiating between Ownership Facts, Ownership Skills, and Ownership Values and explaining how simple structures for employee participation can help make ownership real. 

Ownership Associates (OA) specializes in “after the transaction” consulting to ESOP firms interested in implementing an ownership culture. In addition to his consulting, Chris teaches at Rutgers and Harvard University about employee ownership topics.

An Appraisers Perspective on Acquisitions
Presented by Davin Gustafson,  Principal, Apple Growth Partners
March 12, 2013  10 AM (Register Here)

In this session we will get perspectives of an experienced ESOP valuator on how an acquisition may impact your valuation. He will also provide some strategic thought on structuring an acquisition, discuss some interesting tax and other planning opportunities, point out some of the common mistakes he has made or seen made, and focus on the elements that will help you truly enhance your company’s value.

Dave is a principal in the business valuation and litigation consulting group in Cleveland, Ohio. He has completed over a thousand valuation engagements in his twenty-five plus years in the profession and is a licensed attorney. 

Registration for any of these webinars is only $25 for members of Ohio’s Employee-Owned Network; $50 non-members. Registrants will be invoiced by the OEOC.

To answer any questions you may have, or for further information concerning these events please contact Jay Simecek or Chris Cooper at the Ohio Employee Ownership Center 330-672-3028.


Announcing the OEOC’s 27th Annual Employee Ownership Conference-April 19, 2013

Employee Ownership: Building Jobs, Wealth, & Communities

The 27th Annual Ohio Employee Ownership Conference

April 19th, 2013, Akron Fairlawn Hilton

Featured speakers for the event will include:

Corey Rosen
Co-Founder and Senior Staff Member of The National Center for Employee Ownership

Rosen co-authored, along with John Case and Martin Staubus, Equity: Why Employee Ownership Is Good for Business (Harvard Business School Press, May 2005). Over the years, he has written, edited, or contributed to dozens of books, articles and research papers on employee ownership. He is generally regarded as the leading expert on employee ownership in the world.


J. Michael Keeling, CAE
President of The ESOP Association

Since assuming his position in April 1991, the Association has experienced strong growth in membership and revenues, and is the largest organization in America dedicated to ensuring employee-owned companies are effective in operating their ESOP in an environment of ownership.

Studies have showed that Employee Ownership is an effective means to building more jobs, increasing local wealth, and creating stronger communities.

Topics at the conference will include:

  • Fundamentals of Ownership for Employee Owners
  • Building an Ownership Culture – Teams, Communication, and more
  • ESOP Technical Issues: Fiduciary Issues, Legal Update, Valuation, and more
  • Selling to Your Employees Through an Employee Stock Ownership Plan (ESOP) or a Cooperative
  • Community Development Strategies and Employee Ownership

And, don’t forget our Pre-Conference on Thursday, April 18 … A chance to share and learn!

More information and updates on the conference can be found on our 27th Annual Ohio Employee Ownership Conference page.

Contact us for additional info or to register at or 330–672-3028.
And, there’s still time to become a conference sponsor, contact Kelley Fitts at or 330-672-0336.

Three New Webinars Scheduled for Fall 2012

We’re excited to announce new webinars coming up this fall. The new series will cover a variety of ESOP topics and are presented by experienced professionals from the ESOP community.

October 2, 2012 10 AM – Practical Issues of the Repurchase Obligation – A Human Conversation – Presented by Tim Regnitz, Senior VP of SES Advisors and Jim Staruck, President / COO of GreatBanc Trust Company. 

October 9, 2012 10 AM – Board Evolution – What’s best for YOUR ESOP or closely held/Family Owned Company? – Presented by Jack Veale, President/CEO PTCFO, Inc. 

October 23, 2012 10 AM – Creating Incentive Plans to Support Your ESOP – Presented by Alex Freytag, Partner, Workplace Development Inc.

You and your employee owners will want to take advantage of this convenient and economical way to learn. Registration is only $25 for members of Ohio’s Employee-Owned Network and $50 for non-members. Registrants will be invoiced by the OEOC.

To read more about each of the webinars or register, visit the OEOC’s Network Webinar page. 

Announcing the Lineup for the 2012 Southwest Ohio Employee Ownership Forum

The OEOC and Ohio’s Employee Owned network will be hosting the 2012 Southwest Ohio Employee Ownership Forum at the Embassy Suites, Blue Ash in the Cincinnati area on Tuesday, September 18, 2012.

Attendees at this year’s Employee Ownership Forum will learn more about topics that include, the fundamentals of an ESOP; building an ownership culture; planning for sustainability and mergers/acquisitions; and ESOP lifecycle issues.

The sessions are packed with helpful information for all those in employee owned companies as well as those considering an ESOP.

James E. Schwab, President and CEO of The Health Foundation of Greater Cincinnati will be speaking in the morning on healthcare issues for small business.

Individual Sessions include:

  • ABC’s of ESOP’s – An Introduction to the Basics of ESOPs and Employee Ownership(Ben Wells, Dinsmore and Shohl LLP and Jay Simecek, the OEOC)
  • Current Strategic Planning Topics for ESOPs (Debbie Ries Hardesty, Frost Brown Todd LLC;  Alan Taylor, BKD Wealth Advisors and Tom Potts Fiduciary, Trust Services; Dave Engel, Comstock Advisors)
  • Communication is Critical in an ESOP company to reach an ownership culture (Jim Bado, Workplace Development Inc.)
  • The Lifecycle of an ESOP (Philip Bretz, President Metcut Research Inc; Rick Schlueter, Comstock Advisors)

For more information, and to register for the conference, click here.