|P Graham Dunn owners sell company to employees|
|Tuesday, 03 September 2019 02:29 PM America/New_York|
The Dunn family, owners of P Graham Dunn Inc., has announced the sale of P Graham Dunn to its employees in an employee stock ownership program (ESOP). The company will retain all of its 300 employees in the transition, and eligible employees will become owners.
“An ESOP is our best tool for transitioning P Graham Dunn from one generation of leadership to the next,” said Peter Dunn, founder and CEO. “The first two employees LeAnna and I hired, Carol Curie and Robert Shetler, are still with us after 42 years. An outright sale of the company to a competitor would highly jeopardize fellow workers that have been with us for decades. An ESOP assures a secure future and a continuation of our values for those that have shown dedication and loyalty to us. Our ongoing management team representing 133 years of employee experience will be augmented with outside skilled leadership on our board of directors.”