Hercules Industries finds strength in their employee-owned structure
Hercules Industries was family-owned since 1962. When it came time for the owners to transition out, they heard presentations from buyers and investors, but none of the presentations impressed the owners and none felt like the right fit.
That is, until the former owners lit up when they heard about employee ownership, specifically an employee stock ownership plan (ESOP). The choice was clear as the owners knew that an ESOP would be a wonderful way to transition the legacy to the employees who helped build it.