NEWS RELEASE — Vermont Employee Ownership Center
Nov. 27, 2012
Don Jamison, VEOC
Gardener’s Supply Company Hosts Employee Ownership Workshop on December 5 in Burlington – A Few Seats Left
Burlington, Vermont (November 26, 2012) — The Vermont Employee Ownership Center (VEOC) is offering a free workshop entitled “Selling to the Employees: Employee Ownership as a Path for Business Succession” on Wednesday, December 5, 2012 from 2:00 to 5:00 pm in the administrative offices of Gardener’s Supply Company, 128 Intervale Road in Burlington, Vermont. Founded in 1983, Gardener’s Supply Company serves millions of gardeners nationwide, and is 100% employee-owned through an Employee Stock Ownership Plan (ESOP).
VEOC staff will provide a brief overview of ownership succession options, and will focus on the pros and cons of different forms of employee ownership, including their key financial and organizational benefits. Don Baker, Senior Vice President and Manager of the Commercial Banking Group for KeyBank in Vermont, will discuss
financing for ownership succession. The story of employee ownership at Gardener’s Supply will be told by Cindy Turcot, the company’s Chief Operating Officer. Dunbar Oehmig, President and one of the founders of Red House Building, will describe that company’s worker co-op structure and culture. The event is co-sponsored by the Lake
Champlain Regional Chamber of Commerce and the Vermont Small Business Development Center. Refreshments will be served.
There is no registration fee, but advance registration is required. Enrollment is limited to 18! For more information and to register, please visit www.veoc.org or call 802-321-8362.
About the VEOC
The Vermont Employee Ownership Center is a nonprofit organization dedicated to promoting and fostering employee ownership. VEOC works directly with owners interested in selling their business to their employees, employee groups interested in purchasing a business, and entrepreneurs who wish to start a company with broadly-shared ownership. For more information, visit www.veoc.org.