Clegg Auto: Driving Growth with Employee Ownership
Common Trust
Case example · 10 min read · For: Owners / executives, Team leads / managers, Everyone
Clegg Auto is four auto repair shops around Provo, Utah. In 2022 the founder sold to an Employee Ownership Trust and CEO Kevin Clegg used the change to engage employees rather than treat it only as an exit. The case study covers the deal structure, how profit sharing rewards shop and company results, and the numbers twelve months in.
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Problems it helps with
- Can employee ownership work for a small blue-collar business like ours?
- I want ownership to change how people work, not just be an exit plan
- How do you tie profit sharing to what each location actually does?
- I need a real example to show my team or my lender
What it covers
- Why Clegg chose an EOT over an ESOP or a worker co-op
- Structure: the trust owns a holding company with each shop as a subsidiary, financed by Common Trust and local lenders
- Profit sharing tied to both shop and company performance
- First-year results: profits more than doubled, average pay up 15%, record customer and employee satisfaction
Topics: Goals and performance metrics · Ownership mindset · Ownership models