Items Tagged with 'ownership'

Employees at architectural products provider Golterman & Sabo received an unforgettable holiday surprise. At a recent company meeting, the entire staff learned they would become owners of the more than 75-year-old business.

JFE Shoji America announced today the successful completion of the previously announced acquisition of CEMCO, effective Oct. 4. CEMCO, LLC will continue as the premier manufacturer of cold-formed steel framing products under the leadership of President and CEO Tom Porter.

Handing over an organization’s reins to the next generation and transitioning ownership are never easy processes. For optimal results, the ownership transfer and management succession approach starts with identifying, selecting and developing key associates; ensuring that leadership roles are occupied by skilled, engaged individuals; and then cultivating them for success in their new roles.

Engineering and construction organizations that invest in developing future leaders and building their businesses with multiple paths to owner liquidity are positioning themselves for long-term success.