MINNEAPOLIS, Feb. 20, 2025 /PRNewswire-PRWeb/ -- Impact of Minnesota, Inc., a holding company that wholly-owns two operating businesses: Impact Mailing of Minnesota, Inc. and Infinity of Minnesota, Inc. (collectively referred to herein as "Impact" or "the Company"), has completed a transaction to become 100% employee-owned through its newly-created Employee Stock Ownership Plan ("ESOP"). The Company was founded in Minneapolis in the 1980's, and has evolved into a leading independent and data-driven integrated marketing company providing integrated marketing services, print and mail production, order fulfillment and critical document services, all focused on providing a better marketing experience for its clients throughout the United States of America.
After decades of significant expansion and growth, the shareholders of the Company have transitioned 100% of the Company's total ownership to all of the employees through a qualified retirement plan known as an Employee Stock Ownership Plan ("ESOP"). All eligible employees will be granted shares of Company stock each year, at no cost, allowing them to earn ownership over time solely through their service to the Company and accumulate tax-deferred retirement wealth. They now join a group of elite 100% employee-owned companies across the United States of America.
According to Bjorn Anderson, CFO and Shareholder, "For a long time, our mission as a business has been to experience the joy of investing in our people, our customers, and our communities. Encouraging our employees' dreams and helping our clients has been a source of joy, and we are thrilled to give each of our hard working and loyal team members the opportunity to now 'own and operate' their own business, benefitting beyond their wages, as shareholders in the company. Together we strive to be more efficient, innovative, and responsive to our customers' needs. We decided to implement the ESOP plan because we are excited about the direction the company is headed, love the idea of employee ownership, and feel that it will create an environment that fosters tremendous pride in the work we produce."
The Company was advised by AmbroseAdvisors, a national investment banking firm specialized in employee-ownership transactions. Michael Harden, Senior Managing Director with AmbroseAdvisors, stated "the Impact shareholders' goals were to secure a sustainable future for the Company in a manner that would be highly beneficial to its managers, employees, clients, and the community. Employee ownership, when done right, benefits all stakeholders and should be celebrated. It is a true win/win transaction for all parties involved and we were pleased to be a part. We heartily congratulate Impact and thank them for trusting AmbroseAdvisors to manage this transition process."
Blank Rome acted as legal counsel in connection with the transaction.
About: Impact of Minnesota, Inc. is a leading independent and data-driven integrated marketing company providing integrated marketing services, print and mail production, order fulfillment and critical document services, all focused on providing a better marketing experience for its clients throughout the United States of America.
https://impactconnects.com/ https://infinitydirect.com/
About: AmbroseAdvisors is a national middle-market investment bank and financial advisory firm focused on guiding and assisting business owners with ownership succession planning, including through employee ownership. http://www.AmbroseAdvisors.com
About: Blank Rome is a full service business law firm with a specialty in ESOPs. http://www.blankrome.com
Media Contact
Bjorn Anderson, CFO, Impact Connects, 1 (651) 353-3097, [email protected], https://impactconnects.com/
SOURCE Impact of Minnesota
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