TiER1 Is 100% Employee Owned
TiER1 Performance
Case example · 5 min read · For: Owners / executives, Everyone
A short company post on TiER1's move to employee ownership. Its three founders sold their stock to an ESOP trust that distributes shares to eligible employees each year, and leadership and operating structure stayed in place. Useful as a concrete, low-drama example for owners weighing an ESOP and for employees asking what it means for them.
Sign in to see who to ask for it.
Problems it helps with
- Our founders want to retire and we don't want to sell to a competitor
- People here hear 'ESOP' and assume nothing will change
- I don't understand how stock actually gets to employees in an ESOP
- We're worried employee ownership means we lose a board and a CEO
What it covers
- How the founders sold to a trust that allocates shares to eligible employees each year
- What changed for employees and what stayed the same (board, CEO, operating structure)
- How the company marked the transition with its people
- Why the founders chose employee ownership over an outside sale
Topics: Hiring, firing and transitions · Ownership models