Popular on Amzeal
- Media Coding Industry Forum Showcases Latest Versatile Video Coding Use Case Demonstrations at NAB 2025 - 132
- purelyIV Launches Take-Home B12 Kit to Support Wellness Between IV Therapy Sessions - 129
- FreezeNit Announces Exclusive Licensing of Novel Non-Toxic Lice Treatment Technology
- Retirement Income Specialist Daniel Rondberg Joins Tom Hegna on the Exciting New Season of "Financial Freedom with Tom Hegna"
- Tec-Masters to Support In-Space Testing of Honda Regenerative Fuel Cell Technology on the International Space Station
- Homage USA Combines Design and Strategy to Help Brands Thrive in the Digital Age
- North American Security Launches New Website to Reflect Evolving Industry Demands and Client-Centered Solutions
- Guests Can Save 20 Percent on a Florida Keys Vacation Home Rental with KeysCaribbean's 'Last-Minute Booking Discount'
- Ax3.ai Partners with Matrice.ai to Enable Global Expansion of AI-Powered Computer Vision on Ax3's GPU Network
- Blaming Patients: How Failed Treatments Fuel a $51 Billion Brain Device Industry
Similar on Amzeal
- K2 Integrity and Sonata One Partner to Accelerate Capital Raising, Reduce Risk, and Deliver Scalable Advisory Services for Private Fund Managers
- Coming Up on "Financial Freedom with Tom Hegna" Financial Expert Parker Faulkner
- Kemeny, Ramp & Renaud, LLC Welcomes Prominent Trusts and Estates Attorney Gary B. Cornick to Its Firm
- Blue Ocean Business School's Deputy Dean Delivers Keynote Address at India Blockchain Summit
- AdvisorVault's Consolidated 17a-4 D3P ServiceĀ® Full Feature Set Available
- Stuck in Place? Why Homeowners Are Building Up Instead of Moving Out
- Webinar Announcement: Mexico's Evolving AML/CFT Environment: FATF Review and FTO Designations
- Emerging Managers Podcast Launches, Highlighting New Players in Venture Capital Outperforming the Status Quo
- Coming Up on "Financial Freedom with Tom Hegna" Retirement Authority Daniel Rondberg from Nation's First Financial
- ServiceAgent.ai Brings 24/7 AI Call Answering to America's Home Services
AEC Electric Works with The Menke Group to Adopt the Employee Ownership Model with an Employee Stock Ownership Plan (ESOP)
Amzeal News/10576706
BURLINGAME, Calif. - Amzeal -- The Menke Group, the leading single-source Employee Stock Ownership Plan (ESOP) provider in the United States, announced that AEC Electric, a commercial electrical contractor covering all of Arizona, has become 100 percent employee-owned with the help of The Menke Group. The ESOP plan extends ownership of the company to their employees, effective July 31, 2024.
ESOPs are the most commonly-used forms of employee ownership in the United States, according to the National Center for Employee Ownership. Designed to encourage and reward increased employee productivity and efficiency, an ESOP offers multiple advantages to company owners, employees, and communities.
"Rob Lawton is a great entrepreneur and the team at AEC Electric have the right formula for a successful company owned by its employees," said Trevor Gilmore, CEO of The Menke Group. "Nurturing a collaborative culture where the employee-owners and the bottom line can thrive is vital, since an ESOP creates a direct link between employee productivity and employee benefits."
The Menke Group, which is celebrating fifty years of creating ESOPs, has been instrumental in helping American companies form more than 4,000 ESOPs all over the United States.
More on Amzeal News
"Ownership is a cornerstone of the American Dream, and helping companies transfer ownership to its employees is our mission," continued Gilmore. "Selling all or part of a company to its employees makes great financial sense, leaves a lasting legacy in the community, and can make financial independence a reality for all employees, no matter the industry."
Companies can offer an attractive employee benefit to workers to help them fund their retirement plans, helping to attract and retain employees. Company owners or shareholders who wish to build a robust succession plan for their business in order to remain independent and continue to conduct "business as usual" can keep jobs in their communities by moving to an ESOP.
"I worked for an ESOP company when I was younger, made some money in it, and knew the power of the employee ownership model," said Rob Lawton, CEO of AEC Electric. "When I bought AEC Electric in 2021, I envisioned selling the company to the employees and sought out ESOP experts to help make that vision a reality. I found a true partner in The Menke Group and Trevor Gilmore."
ESOPs work particularly well in companies where human capital is a key component of success. An ESOP rewards and retains staff in a remarkably efficient manner, allowing for a well-executed succession strategy.
"With the employee ownership model, we can provide an excellent retirement benefit to our team of employee-owners and reassure our current and future customers that there is a strong business succession plan in place for the company and community," concluded Lawton. "I want to thank the Menke Group for their excellent advice and counsel in structuring and launching our ESOP."
More on Amzeal News
About AEC Electric
AEC Electric is a commercial electrical contractor that covers all of Arizona. The company's team of experts have completed thousands of projects ranging from tenant improvements and multi-family buildings to complex hospital projects. Headquartered in Phoenix, Arizona, AEC Electric handles customer requests from conceptual budgeting to completed, fully warranted projects. Visit AEC Electric to learn more about the company and its latest projects.
About The Menke Group
The Menke Group is America's largest and oldest ESOP advisor, with more than 50 years of experience creating and administering ESOPs. Menke has helped more than 4,000 companies become employee owned and has designed and installed ESOPs all over the United States, serving companies with as few as ten employees and as many as 15,000 employees. The Menke Group was founded in 1974 by John Menke who co-authored the landmark federal ESOP legislation which subsequently spawned the industry. Visit The Menke Group at www.menke.com for more information and a timeline with the history of the company and ESOPs.
ESOPs are the most commonly-used forms of employee ownership in the United States, according to the National Center for Employee Ownership. Designed to encourage and reward increased employee productivity and efficiency, an ESOP offers multiple advantages to company owners, employees, and communities.
"Rob Lawton is a great entrepreneur and the team at AEC Electric have the right formula for a successful company owned by its employees," said Trevor Gilmore, CEO of The Menke Group. "Nurturing a collaborative culture where the employee-owners and the bottom line can thrive is vital, since an ESOP creates a direct link between employee productivity and employee benefits."
The Menke Group, which is celebrating fifty years of creating ESOPs, has been instrumental in helping American companies form more than 4,000 ESOPs all over the United States.
More on Amzeal News
- K4Connect Launches K4TV, Wellness & Infotainment for Senior Living, Now With Bream
- Blue Fox Group Simplifies IT Project Management for Growing Businesses
- Blue Fox Group Delivers Reliable IT Project Services to Help Businesses Scale
- How to Fast-Track Your Way to the Top with The Code
- Signum Solutions Announced as Finalists at the 2025 Halton Business Awards
"Ownership is a cornerstone of the American Dream, and helping companies transfer ownership to its employees is our mission," continued Gilmore. "Selling all or part of a company to its employees makes great financial sense, leaves a lasting legacy in the community, and can make financial independence a reality for all employees, no matter the industry."
Companies can offer an attractive employee benefit to workers to help them fund their retirement plans, helping to attract and retain employees. Company owners or shareholders who wish to build a robust succession plan for their business in order to remain independent and continue to conduct "business as usual" can keep jobs in their communities by moving to an ESOP.
"I worked for an ESOP company when I was younger, made some money in it, and knew the power of the employee ownership model," said Rob Lawton, CEO of AEC Electric. "When I bought AEC Electric in 2021, I envisioned selling the company to the employees and sought out ESOP experts to help make that vision a reality. I found a true partner in The Menke Group and Trevor Gilmore."
ESOPs work particularly well in companies where human capital is a key component of success. An ESOP rewards and retains staff in a remarkably efficient manner, allowing for a well-executed succession strategy.
"With the employee ownership model, we can provide an excellent retirement benefit to our team of employee-owners and reassure our current and future customers that there is a strong business succession plan in place for the company and community," concluded Lawton. "I want to thank the Menke Group for their excellent advice and counsel in structuring and launching our ESOP."
More on Amzeal News
- Lyricalmar Set To Release Powerful New Ep "MARCHIVES" May 16
- Charleston, SC - ACSEC offers Rain Barrels Through Annual Program
- Greek Government Issues Landmark Ministerial Order Addressing Citizenship of Greek-born adoptees
- Baltimore Author Crafts Space Opera Where Human Questions Outshine Galactic Scale
- Stout Surpasses 60,000 Acres and 3 Billion Plants Scanned
About AEC Electric
AEC Electric is a commercial electrical contractor that covers all of Arizona. The company's team of experts have completed thousands of projects ranging from tenant improvements and multi-family buildings to complex hospital projects. Headquartered in Phoenix, Arizona, AEC Electric handles customer requests from conceptual budgeting to completed, fully warranted projects. Visit AEC Electric to learn more about the company and its latest projects.
About The Menke Group
The Menke Group is America's largest and oldest ESOP advisor, with more than 50 years of experience creating and administering ESOPs. Menke has helped more than 4,000 companies become employee owned and has designed and installed ESOPs all over the United States, serving companies with as few as ten employees and as many as 15,000 employees. The Menke Group was founded in 1974 by John Menke who co-authored the landmark federal ESOP legislation which subsequently spawned the industry. Visit The Menke Group at www.menke.com for more information and a timeline with the history of the company and ESOPs.
Source: The Menke Group
Filed Under: Financial
0 Comments
Latest on Amzeal News
- A Revolutionary Tool Designed to Help B2B Sales Teams Sell More, Faster
- Transforming Safety Standards: The Innovation That Can Save Thousands of Lives
- NaturismRE Launches the 11 Levels of Naturism: A Groundbreaking Framework Guiding the Global Naturist Journey
- K2 Integrity and Sonata One Partner to Accelerate Capital Raising, Reduce Risk, and Deliver Scalable Advisory Services for Private Fund Managers
- The World's No.1 Superstar⢠Walks Where Legends Rest: A Sacred Encounter in Rome Before the Pope's Passing
- Coming Up on "Financial Freedom with Tom Hegna" Financial Expert Parker Faulkner
- International Firms Flock to Acquire ProPics Canada Media Ltd's Digital Asset Catalogue
- Tobu Railway Announces a Price Revision on the "NIKKO PASS All Area" and "NIKKO PASS World Heritage Area," from April 20, 2025
- Moab Adventure Center Showcases the Transformational Power of Multi-Day Rafting Trips
- Kemeny, Ramp & Renaud, LLC Welcomes Prominent Trusts and Estates Attorney Gary B. Cornick to Its Firm
- SutheDermal.com Launches: Revolutionizing Comfort in Self-Injection Therapies
- Local Commitment, National Expansion
- Strengthening Financial Cybersecurity with RFA's Advanced Dashboard
- RFA's Cybersecurity Dashboard: Enhancing Financial Sector Security Management
- S2C and Andes Technology Announce FPGA-Based Prototyping Partnership to Accelerate Advanced RISC-V SoC Development
- CCHR Florida to Host a Veteran Advocates Networking Event
- Students Celebrate Earth Month and Learn About the Lifecycle of Trees
- Invenio IT Unveils Comprehensive Hurricane Disaster Recovery Plan for 2025
- Electives Appoints DraftKings' CPO Linda Aiello to Board Amid Record Quarter
- Blue Ocean Business School's Deputy Dean Delivers Keynote Address at India Blockchain Summit