Empowered Ventures

Our CEO, @esopchris, recently joined @IIB for a segment about Empowered Ventures. The full episode is available here: youtube.com/watch?v=H5lf0e… Our segment starts just after the 43 minute mark.

Joining Empowered Ventures reinforces Benoure’s commitment to excellent service and quality. With the acquisition, Benoure’s employees join the Empowered Ventures ESOP, which owns 100% of Empowered Ventures and its operating companies.

With over 80 licensed plumbers and HVAC technicians in the field, and a talented back-office staff, Benoure handles all aspects of contracted work consistently, reliably, and with a long-standing reputation based on superb quality.

Founded by Robert Benoure, Sr. in 1966 and led by President Brad Benoure since 2018, Benoure has grown to become the largest company in Vermont doing both residential and commercial plumbing, heating, and air conditioning.

We have acquired our fourth portfolio company, and welcomed a new group of employees to our employee ownership program. Welcome, Benoure Plumbing, Heating & Air Conditioning to EV!

Exciting day for me. Finalized the acquisition of @EmpoweredVen’s fourth portfolio company and announcing it to the employees. This is the second time we’ve acquired a company on April Fool’s Day. 😂

@RammelD7 @ConneCXiOnUS @gerryhays @DoriotVC It is interesting to imagine how employee ownership could help spur more innovation and fund more long-term oriented investing.

Fascinating take. How does this impact the idea of democratization of capital via Employee Stop Ownership Programs? Hey @EmpoweredVen and @ConneCXiOnUS any thoughts? @gerryhays @DoriotVC

Opportunity Alert: we are seeking a President/GM for a home services business located in the northeast. This is a 50+ year old company, 75+ employees, and has a great culture. Plus, it will be part of @EmpoweredVen so the employees will all be owners! Link to the job below.

Thanks to @ClintFiore I have quite a few new followers. To reintroduce myself, I lead @EmpoweredVen, a 100% employee-holding company, based in Carmel, Indiana. We are actively acquiring primarily industrial businesses in the Midwest today, but we are building a scalable model and intend to build a national, diverse employee-owned conglomerate. We buy with no intention of ever selling. Sellers love how we collaboratively work with them and secure the future for their business and employees. We are seeking leaders for future acquisitions. If leading an employee-owned company sounds interesting to you, please reach out. I think leading an employee-owned company feels like having the wind at your back due to aligned incentives. It’s fun! The employees of companies we acquire join our ESOP immediately and, over time, being an employee in an EV company is life changing. We enhance strong teams with an ownership culture and shared purpose. Financially, 10+ year employees have ESOP balances that are 5x or more their annual income. We are projecting that with fairly steady, solid performance, 25 years in our ESOP will result in 75-100% of retirement needs fully covered. (No guarantees of course.) Truly life changing financial security. In 2010, I led an ESOP buyout and became President of @tvf_inc, a leading textile supplier. TVF grew substantially and became the founding operating company for @EmpoweredVen. We have no investors. We finance growth with our balance sheet and very conservative financing. Here is our stock performance so far. I believe our journey is just beginning.

Our strategy @EmpoweredVen can be summarized in four simple concepts: 1. Acquire great businesses 2. Steward them well 3. Improve the businesses and change the lives of our employees with employee ownership 4. Tell our story well, especially the impact on sellers and their employees We believe if we do all these well, we will attract more great businesses and people, which will compound over time and create a large, world class, enduring, diversified employee-owned holding company. Our aim is to create life changing outcomes for our current and future employees, and do so over the course of decades or even centuries. We are early in this effort but the early results have been validating. I’m excited for the future!

I’m excited to #talkownership at this year’s #EmployeeOwnership Ideas Forum, hosted by @AspenJobQuality and @RU_SMLR. Join me June 14 online and June 15 at the @AspenInstitute. RSVP here: aspeninstitute.org/events/employe…

I'm launching a podcast with the smallest TAM in the world! Empowered Owners is a podcast with the primary audience being the employees of @EmpoweredVen and our portfolio companies. We believe a podcast can be one of the best ways to foster community across disparate businesses.

#EsOp #Podcast Ep. 245: @EO_Bret is joined by Lori Atone @tvf_inc, an @EmpoweredVen company, who discusses ESOP education, the importance of collaboration, empowering #employeeowners by eliminating red tape, and more. Part 1. 🎧 theesoppodcast.com/post/245-lori-…

EV CEO @esopchris joined the “Insights for Executives” conversation series to talk about building the right culture within an ESOP. One point to emphasize with employees, Chris explained, is that employee-owners see benefits now AND at retirement. lnkd.in/gWGrazcK

Our employee owners made some memes for ESOP month… youtu.be/Oj0cZGN2hpk

#ESOP Holding Companies are advancing #employeeownership by making exits easier for sellers. #EmployeeOwnershipMonth @EmpoweredVen fiftybyfifty.org/2021/11/empowe…

We are excited to welcome Michael Algrim as Vice President, Portfolio Operations, of Empowered Ventures. empowered.ventures/2022/10/18/ev-…

Today, Emily Bopp, @EmpoweredVen's Chief of Staff, headlined TVF's third Inspirational Tea, an informal virtual gathering where women who've made an impact on their communities tell their stories. #inspirationaltea #womenoftvf #infinitelycurious #businesswomen #alwayslearning

We know ESOPs... ✅Motivate employees ✅Increase productivity ✅Improve worker retention ✅Contribute to business longevity ...and so much more. Visit ESOPAssociation.org to learn more. #EOM #employeeownershipmonth @ESOPAssociation

Our Midwest and West Coast Owners celebrated our annual ESOP valuation announcement a few weeks ago. Congratulations to @EmpoweredVen, as well as Firstar Precision Corp and Paramount Plastics, on a fantastic year! #employeeowned #EOCertified #ESOP @theNCEO @certified_eo

We are excited to welcome Emily Bopp to Empowered Ventures as Chief of Staff empowered.ventures/2022/07/22/ev-…