Episode description

In this episode of Open for Business, guest host Dave Barnhart talks with Tom Albero, CEO of Alliance Material Handling, about the company’s transformative Employee Stock Ownership Plan (ESOP). Since its inception in 2004, the ESOP has helped Alliance grow from a $29 million to a $200 million company, reducing employee turnover and creating 25 employee millionaires. Albero shares how this program has fostered a culture of ownership, boosted retention, and empowered employees to achieve financial independence. Tune in to hear inspiring stories of success, community impact, and the long-term benefits of employee ownership.