đź‘‹ Meet Zolid AI
Here to support your company's exit journey — Zolid AI can answer questions and provide insights. Free for now, with fair usage limits.
Your conversations are not shared with others. We may review them to improve Zolid AI.
Zolid AI may provide inaccurate info, so verify responses.
No quick summary yet. Be the first to add a quick summary.
Add quick summaryNo information listed yet. Be the first to add who benefits from this content.
Suggest who benefitsLumber Traders incredible journey as an ESOP
No detailed summary yet. Suggest a summary to help the community.
Suggest summaryNo questions listed yet. Be the first to add a question for this topic.
Suggest questionIn this conversation, Danny Steiger, CEO of Lumber Traders, speaks with Emily Bergstrom of Project Equity about the company's path to employee ownership, the experience of the selling owners, and the importance of educating employees about how their employee ownership model works.
Lumber Traders is an employee-owned lumber and building supply company in Port Angeles, WA. The company was founded in 1906 and became employee-owned using an ESOP structure in 2004.
In their 20 years as an employee-owned company, Lumber Traders' share price has grown 6x with average annual growth of 16% per year. They recently added-on a new glass installation department and are exploring growing via acquisition in the future.
About Project Equity
The grassroots nature of employee ownership makes it a natural fit for cities looking to strengthen their local economies. But what does the landscape of city policy to promote employee ownership currently look like? To better understand this question, Certified EO conducted a series of interviews with EO community partners involved in active and recent city policy initiatives.
This webinar will share general findings on which cities have enacted policies to promote employee ownership. The Pennsylvania Center for Employee Ownership and Project Equity will join to share details on two specific city policy efforts.