CHICAGO, March 14, 2021 – AArete is honored to be awarded the 2022 ESOP (Employee Stock Ownership Plan) Company of the Year by the Illinois Chapter of The ESOP Association. This award is given annually to an ESOP company in Illinois that shows a strong commitment to employee ownership through its involvement with The ESOP Association and its programs, its clear communication with employees, and its commitment to The ESOP Association’s vision of endorsing employee participation, wealth creation, and individual dignity and worth (Source: Illinois Chapter of The ESOP Association).
“We are grateful and proud to be recognized for our strong commitment to employee ownership,” remarked Loren Trimble, CEO of AArete. “Our culture and commitment to a shared purpose drives our growth and success. As owners of the firm, we believe all team members should collectively benefit from our rapid growth.”
AArete’s conversion from a partnership to an ESOP became effective on January 1, 2018. Since 2018, the AArete ESOP has provided superior returns for employee owners. AArete’s ESOP stock price appreciation outperformed the Dow Jones, S&P 500, and NASDAQ in 2020, and the share price is up more than 500% since the effective date.
AArete is a global management and technology consulting firm specializing in strategic profitability improvement, digital transformation, and advisory services. Our cross-industry solutions are powered by modern technology, market intelligence, and big data to drive purposeful change and actionable outcomes. For more information, visit www.aarete.com or follow us on Twitter @AArete.