Ohio Pen - Ologie Becomes a 100% Employee-Owned Company

Trending...

COLUMBUS, Ohio, Nov. 14, 2023 ~ Today, Ologie, Inc., a branding and marketing agency with more than 80 employees across the U.S., announced the transfer of all of its stock into an employee stock ownership plan (ESOP), making the company 100 percent employee owned. The company's shareholders and board of directors, including original founder Bev Ryan and partner Bill Faust, approved the transaction on October 31 with the intent of further strengthening its commitment to its employees and client partners, as well as advancing education.

"I couldn't be happier or more excited for our people about this next chapter," said Ryan. "The move to an ESOP demonstrates our commitment to them, allowing them to take part in our future success, while also continuing as the fiercely independent agency that we've always been."

More on Ohio Pen

The shift to employee ownership will help preserve Ologie's flexibility and sustainability as an independent company. There are no planned changes to Ologie's management structure or day-to-day operations, and the conversion to an ESOP will not impact Ologie's work with its clients. Faust commented that they are proud of their long-term relationships with their clients who have hired them multiple times throughout their career. He added that this move reinforces that they are fully invested and committed to delivering smart, creative work that helps their partners solve their biggest challenges for years to come.

Ologie is a national market leader in education, working primarily within colleges, universities and private K-12 schools while partnering with adjacent organizations in the arts and culture space. Ryan stated that this transition is a natural progression for them; it reinforces their culture, ensures they will continue to serve their clients in the best way possible and supports their company's long-term sustainability.

For more information about Ologie visit www.ologie.com

0 Comments

Latest on Ohio Pen