The National Center for Employee Ownership (NCEO), a nonprofit research and membership organization with a goal of supporting the employee-owned businesses since 1981, has announced that Jasper Holdings was ranked the 33rd largest majority employee-owned company on its 2023 Employee Ownership 100 list.
The Employee Ownership 100 list includes the largest broad-based employee-owned companies in the United States that the NCEO could verify using governmental or other credible third-party sources. Most are owned through employee stocks, and one is a cooperative. To be on the list, said officials, companies must be at least 50% employee-owned; most are 100%. Collectively, these broad-based plans employ close to 685,000 people.
"It has been great to see Jasper Holdings, Inc. move up the NCEO ranking to 33rd," said Jasper Holdings President Zach Bawel. "The growth we have experienced since becoming 100% associate-owned has been life-changing for our associate-owners and their families. Our ESOP's growth has been a game changer for our associate-owners’ financial freedom in retirement. We look forward to continuing to move up on this list as we find more great companies to become part of Jasper Holdings, Inc."
Since becoming wholly employee-owned in 2009, Jasper Holdings, which operates a facility in Willow Springs, has grown from about 2,100 associate-owners to over 4,600, said company officials.
The NCEO is a 501(c)(3) nonprofit organization that aims to help its members make intelligent decisions about employee ownership with everything from reliable information on technical issues to inspiration to help companies reach the full potential of employee ownership. In addition, the NCEO generates original research, facilitates the exchange of best practices at its live and online events, features the best and most current writing by experts in its publications, and helps employee ownership companies build ownership cultures where employees think and act like owners. For more information, visit www.nceo.org.
