Physical therapists form new employee-owned cooperative

News Story: 

A group of 10 seasoned physical therapists, along with two support staff, have formed PT360, a new employee-owned physical therapy firm based in Williston, Vermont. Under the leadership of Mary Steiger, the members of the group decided to form a new business and were interested in sharing ownership. The Vermont Employee Ownership Center (VEOC) provided initial information on starting up as a worker cooperative and assisted the group with their bylaws.

Vermont manufacturer Sonnax Industries sold to employees

News Story: 

Sonnax Industries, an auto parts manufacturer based in Bellows Falls, VT, has been sold to its employees. The previous owners, Tommy Harmon and Rick Fritz, sold 100% of the company stock to an Employee Stock Ownership Plan (ESOP). The company employs about 150 people.

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