The National Center for Employee Ownership (NCEO), a nonprofit research and membership organization supporting the employee ownership community since 1981, is pleased to announce that Jasper Holdings, Inc. (JHI) is ranked the 23rd largest majority employee-owned company on its 2025 Employee Ownership 100 list. JHI was ranked 27th in the NCEO 2024 list.
The Employee Ownership 100 list includes the largest broad-based employee-owned companies in the United States that the NCEO could verify using governmental or other credible third-party sources. Most are ESOP-owned, and one is a cooperative. To be on the list, companies must be at least 50% employee-owned; most are 100%. Collectively, these broad-based plans employ more than 642,000 people.
“Seeing Jasper Holdings, Inc. climb the NCEO ranking to 23rd has been great,” said Jasper Holdings, Inc. President Zach Bawel. “Our growth since becoming an ESOP in 2009 continues to be a game-changer, significantly boosting our Associate-Owners’ financial freedom in their retirement. With continued organic growth in our existing platform companies, and strategic acquisitions to continue to diversify our ESOP, we are eager to keep moving up this list as we welcome more exceptional companies into the Jasper Holdings, Inc. portfolio.”
The NCEO is a 501(c)(3) nonprofit organization supporting the employee ownership community since 1981. The NCEO helps its thousands of members make intelligent decisions about employee ownership with everything from reliable information on technical issues to inspiration to help companies reach the full potential of employee ownership. In addition, the NCEO generates original research, facilitates the exchange of best practices at its live and online events, features the best and most current writing by experts in its publications, and helps employee ownership companies build ownership cultures where employees think and act like owners. For more information, visit www.nceo.org.
Since becoming 100% Associate-Owned in 2009, Jasper Holdings, Inc. has grown from approximately 2,100 Associates to today having over 4,500 Associate-Owners. JHI is an active acquirer and looks to take two paths, seeking companies within the automotive and heavy-duty truck aftermarket, while diversifying through outside acquisitions. “Our last two acquisitions were both outside the automotive and trucking aftermarket: Jer-Den Plastics, a rotational molder, and Jenkins Plumbing, a specialty trades business in the Southeast,” said Bawel. “We look for highly respected companies with leadership teams that want to continue to run and grow their companies. Joining our ESOP is an excellent option for owners considering their own ESOP. We can make the ownership process much more accessible and financially rewarding for Associate-Owners going forward.”
If you are an owner who has thought about converting to an ESOP, visit our website to learn more about Jasper Holdings, Inc. www.jasperholdingsinc.com.
