Trending...
- NKF Awards Indiana Registered Dietitian with Kopple Award - 146
- Boston: Mayor Michelle Wu Announces City's Black History Month Programming
- Boston: Mayor Wu Announces City's Black History Month Programming
FOUNTAIN VALLEY, Calif. - BostonChron -- 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 Boston Chron
"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 Boston Chron
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 Boston Chron
- Retired Leadership Facilitator Shares Decades of Wisdom in New Book
- Boston: Mayor Michelle Wu Shares City's Preparations and Reminders to Residents Ahead of Snowfall
- I belong (t)here, an exhibition that explores the fluidity of identity and the search for belonging in a world that is constantly shifting
- NKF Awards Indiana Registered Dietitian with Kopple Award
- Js Art Gallery: A New International Art Space Promoting Unity Through Art
"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 Boston Chron
- MotiveMetrics Announces Leadership Addition and Boston Expansion
- Boston: Open House--New Dorchester Community Center Design February 13
- Boston: Mayor Wu and BPHC Release Health Equity Report, Seek Partners to Close Life Expectancy Gap Across Neighborhoods
- Boston: Article 85 Hearing - BLC - February 25, 2025 at 6 p.m.
- Boston: Request for Comments HOME-ARP Allocation Plan - Amendment #2
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
0 Comments
Latest on Boston Chron
- The Arc of South Shore Announces Elizabeth Sandblom as CEO
- Patton Launches SFP-based RS-232/422/485 Serial Device Server
- Local Tech Entrepreneur Partners with WonderSouq To Offer Downtown Medford Businesses a Virtual City Experience
- Boston Bridal Atelier Enhances Luxury Experience with New Bridal Shop Location
- New Website for Solo Agers Over 50
- Malcolm-Jamal Warner Returns to Columbia for an Unforgettable Evening of Poetry & Music
- Slightly Stoopid, Damian & Stephen Marley to headline Everwild Music Festival in 2025
- Parkbench13 Media Group Inc. Seeks Artists for Sync Licensing Opportunities
- Brooke Shields Announced as a Keynote Speaker at the 2025 Simmons Leadership Conference
- The Elevated Table Project Revolutionizes Cannabis-Infused Cooking & Cocktails
- Boston: Mayor Wu Announces City's Black History Month Programming
- THSYU Opens New Doors for Accredited Investors, Bridging the Gap Between Traditional Finance and the Digital Asset Frontier
- Mardi Gras Annual Party w/Revolutionary Snake Ensemble + guests Jason Palmer & Henri Smith
- Boston: Mayor Michelle Wu Announces City's Black History Month Programming
- Latest DivX 11 Software Advances Video Playback, Conversion, and Streaming
- Gold Coast Health Plan Among State's Top Performers for Outstanding Health Care Quality
- NETRF Awards Ten Groundbreaking Research Grants to Advance Neuroendocrine Cancer Treatment
- Boston: Mayor Wu Announces New Road Safety Ordinance to Increase Accountability of Third Party Delivery Providers
- Boston: February is Black History Month
- Leon Jackson and Nicole McNeil Married in Boston