Trending...
- Springfield: Landmarks Board meeting canceled due to inclement weather
- Cryptocurrency: New Book Will Help Turn Your Curiosity Into Confidence
- St. Louis Planning Commission Adopts New Land Use Plan to Restore Urban Qualities Like Walkability and Mixed-Use Neighborhoods
FOUNTAIN VALLEY, Calif. - Missouriar -- The Menke Group, a leading full-service ESOP provider, announced that AV Construction, a renowned healthcare development firm based in Fountain Valley, has become 100 percent employee owned with the help of The Menke Group. The Menke Group will assist AV Construction to extend ownership of the company to their employees by way of an Employee Stock Ownership Plan (ESOP).
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. 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.
More on Missouriar
"Arees and the team at AV have the right formula for a successful company owned by its employees. Since an ESOP creates a direct link between employee productivity and employee benefits, nurturing a collaborative culture where the employee-owners and the bottom line can thrive is vital," said Trevor Gilmore, CEO of The Menke Group. "We have found that a 5 or 10 percent increase in individual employee productivity can result in increasing company profitability by 50 percent or more."
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.
"Since our inception, AV Construction has been committed to excellence in the delivery of healthcare development and a team approach to every project by our skilled design consultants and construction experts," said Arees Akoubian, CEO of AV Construction. "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. We want to thank the Menke Group for their excellent advice and counsel in structuring and launching our ESOP."
More on Missouriar
About AV Construction
AV Construction was founded in 2002 to support the medical community in constructing facilities within budget and in record-breaking timeframes. The company is based in Fountain Valley, California and devotes 100 percent of its resources to healthcare construction. This approach has allowed healthcare providers to deliver state of the art facilities with cutting edge technology to patients within their communities prior to their competitors. AV's experience and strategic alliances allow them to deliver success to a wide range of acute care, sub-acute care, and medical-based 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.
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. 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.
More on Missouriar
- Explore the "Magic of Rainbows" in the New Children's Book Series "Mila and Ally's STEMventures
- Springfield: As winter storm approaches, crews mobilize and encourage residents to avoid travel
- Springfield: As winter storm approaches, crews mobilize and encourage residents to avoid travel
- City of Columbia responding to winter weather, Feb. 17
- Columbia Fire Department responds to a residential structure fire, Feb. 14
"Arees and the team at AV have the right formula for a successful company owned by its employees. Since an ESOP creates a direct link between employee productivity and employee benefits, nurturing a collaborative culture where the employee-owners and the bottom line can thrive is vital," said Trevor Gilmore, CEO of The Menke Group. "We have found that a 5 or 10 percent increase in individual employee productivity can result in increasing company profitability by 50 percent or more."
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.
"Since our inception, AV Construction has been committed to excellence in the delivery of healthcare development and a team approach to every project by our skilled design consultants and construction experts," said Arees Akoubian, CEO of AV Construction. "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. We want to thank the Menke Group for their excellent advice and counsel in structuring and launching our ESOP."
More on Missouriar
- Columbia Fire Department responds to multiple lithium-ion battery fires
- Relentless 2800 Challenge: A 40-Day Team Fitness Journey Launching for Lent 2025
- Springfield police investigate officer-involved shooting
- Super Locksmith In Tampa Florida
- Springfield police investigate officer-involved shooting
About AV Construction
AV Construction was founded in 2002 to support the medical community in constructing facilities within budget and in record-breaking timeframes. The company is based in Fountain Valley, California and devotes 100 percent of its resources to healthcare construction. This approach has allowed healthcare providers to deliver state of the art facilities with cutting edge technology to patients within their communities prior to their competitors. AV's experience and strategic alliances allow them to deliver success to a wide range of acute care, sub-acute care, and medical-based 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.
Source: The Menke Group
Filed Under: Business
0 Comments
Latest on Missouriar
- Columbia Police arrest suspect in shooting on Madison Street, Feb. 13
- Springfield: Charges filed in W. College St. homicide
- City of Columbia hires Paul Eisenstein as Economic Development director, REDI Inc. president
- Global Digital Currency & Wealth Management Leader; Breakout 388% FY2025 Revenue Growth Over $19.7 Million: Metalpha Technology (Stock Symbol: MATH)
- Continuity & RAC Announce $500K ARPA Grant Recipients for STL Film Project
- St. Louis Planning Commission Adopts New Land Use Plan to Restore Urban Qualities Like Walkability and Mixed-Use Neighborhoods
- InterMountain Opens Urban Inspired Aloft Sacramento Airport Natomas
- City of Columbia Love Your Block mini-grant applications open Feb. 14
- Cura HR's CEO, Lyssa Hansard, Featured in Forbes: Driving Meaningful Change in Pay Equity
- Zezgo Rent A Car has arrived In Cyprus to Improve Car Rental Options
- Meredith Thomas Returns as Master of Ceremonies for International Women's Day Gala for 2025
- Kim Estes Returns as Master of Ceremonies for International Women's Day Gala for 2025
- Andre Kay Honored with Black Excellence Award by the Florida Panthers
- Wide range of dental care products at upto 40% discounted prices | DentistryDeal.com
- NaturismRE, ANF, and GNA Stand United for Naturist Rights in Australia – A Call for Global Support
- City of Columbia winter weather update, Feb. 12, 3:30 p.m.
- Volante of Hanover Expands with the Opening of Its Second Building, Introduces Assisted Living Services
- Director of City of Columbia Utilities Dave Sorrell to retire March 14
- Springfield: CANCELED -- "Coffee with the Chief"
- Talent Concierge® Artists Agency and The Big Talk® Announce Game-Changing Partnership Challenging Status Quo in the Meetings Industry