ESOP-Owned CPA Firm Announces Merger/Using an ESOP to Acquire Companies

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Last month BPM announced an employee profit sharing plan (ESOP), a first for a public accounting company of its size. An ESOP is a qualified retirement plan in which employees receive shares of the common stock of the company for which they work, thus offering them a vested interest in the organization's present and future success. BPM has been recognized as one of The Best Places to Work in the San Francisco Bay Area by the San Francisco Business Times. "The ESOP builds on this tradition and philosophy," said Beth Baldwin, Director of Human Resources. "It's terrific to be able to reward success."

Here are some recent posts about using an ESOP to acquire companies:

• In the News: Acquiring Companies as Part of a Growth and Expansion Model
• In the News: ESOP Companies Acquiring Companies, Cost to Establish an ESOP