The nonprofit and co-op world have been singing the praises of the highly successful transition of Rock City Coffee to employee ownership and management ever since the news broke. Nonprofit Quarterly magazine recently published Maine Co-op Shows Keys to Making a Conversion to Employee Ownership Work offering their readers four key lessons from the Rock City story to consider. Rob Brown, CDI Director of Business Ownership Solutions was quoted on the necessity for employee-owned options:
“It’s not any one sector, it’s the situation the business owners find themselves in,” says Brown, “Selling a business and transitioning a business is a complex endeavor, and so I think by doing it this way, an employee-ownership conversion eliminates a lot of risks.”
The Nonprofit Quarterly (NPQ) is an independent nonprofit news organization that has been serving nonprofit leaders, charitable foundations, educators, independent activists, and others involved in the civil sector for more than fifteen years.