In January of 2015, our founding partner, Joe Bogdahn, sold his majority units to the firm. In doing so, that event became the catalyst that began the process of recycling equity back into the company, creating an employee-owned and employee-managed organization. This was always the vision for the firm and something we believed could create tremendous value for our organization. This past January, six new partners earned the right to be granted equity participation in our firm. Collectively, these six new partners now own 18% of the company.
As our company moves forward, this number will grow. The concept is to continue recycling equity to existing and new employees while building a sustainable, multi-generational business that is passionate about what we do and who we serve. We are honored to recognize the partners listed below for their contributions to our organization and the examples each of them set every day.
Read the attached blog to discover how AndCo views their business partnership initiative.