Hampton Roads

See things your way

Menu
  • About
Menu

MKSK landscape architecture firm to become employee-owned

Posted on October 17, 2019 by admin

The Columbus landscape architecture firm MKSK will become employee-owned under a plan announced Wednesday. The firm’s 100 employees will accumulate shares that they can cash in upon retirement. The company, which has seven offices in the region, is the latest of several central Ohio firms to become employee-owned.

Employees of the Columbus landscape architecture firm MKSK are buying the company, the latest example of a central Ohio company becoming employee-owned.

Workers at the 29-year-old firm are acquiring it through an employee stock ownership plan.

MKSK is now owned by 10 partners in the firm. One of the partners, CEO Brian Kinzelman, said the decision to sell the company to employees was driven in part by the desire to attract and retain workers.

“It’s a big part of it,” Kinzelman said. “There are a lot of benefits — us founding principals have a vehicle to divest ourselves and give everyone an opportunity over time to invest without having to put money up front — without a lot of downsides. I think it’s a fair and equitable thing to do.

“There are more financially rewarding ways of selling the firm, but you wouldn’t have much of a firm left.”

Under the plan, MKSK’s 100 employees can start accumulating shares of the company based on seniority and position. The shares can’t be bought and sold but can be cashed in upon retirement.

“It behaves like a 401(k),” Kinzelman said. “Your value in the account rises and falls on the performance of the company. The notion is, everybody has a newfound sense of camaraderie, and the firm outpaces what it would have done otherwise. … Essentially, everybody from the senior principal to the receptionist is an owner of the firm.”

MKSK was founded in 2011 from a merger of MSI Design and KKG, both founded in 1990. The company has grown steadily, Kinzelman said, and now operates seven offices in Ohio, Indiana, Kentucky, Michigan and South Carolina.

Among the best-known projects the firm has worked on are Scioto Greenways Downtown, Grandview Yard, and the Bridge Park development in Dublin.

MKSK becomes the latest of several central Ohio firms to become employee-owned. As of 2015, the most recent data available, there were 6,669 such companies in the U.S. with assets of $1.3 trillion, according to the National Center for Employee Ownership.

Source: judi poker online

Categories

Bandar Agen Judi Bola
judi deposit pulsa
judi poker online
judi slot pulsa
togel online via pulsa
agen poker online
jual wifi router
Slot Deposit Pulsa
Togel Deposit Pulsa
Bandar Poker Pulsa
Joker123
QQ333BETPULSA
http://206.189.151.151/
Slot Deposit Pulsa

Recent Posts

  • Kitchen & Bath Business Innovator Award Issue Names Design By Intent’s SwapAble® Shower Chair Bathroom Product Of The Year
  • Miami Vs. Clemson: Betting Odds, Prediction For Saturday Night Football On ABC
  • Jonathan Little On Blind-Versus-Blind Play Deep In A Big Tournament
  • 4 Signs You Should Already Have Life Insurance, According To A Financial Planner
  • MindEdge Offers Online Marketing Certified Associate (OMCA™) Test Prep Program

Archives

  • October 2020
  • September 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
©2021 Hampton Roads | WordPress Theme by SuperbThemes