ESOP Association member Van Meter Inc. has made its first foray into taking equity in another business. After listening to pitches from select entrepreneurs, Van Meter chose to invest in Eyedro Green Solutions of Ontario, Canada.
One reason Van Meter decided to take the plunge is because Eyedro’s “product offering is in line with our business,” says Scott Cornish, Van Meter’s vice president of diversified business. The company also expects this move to enable its employee owners to see continued company growth.
“We are fortunate to be in a strong financial position, giving us the ability to plant seeds for the future beyond our day-to-day business,” says Cornish. “We want to be generational and lay the groundwork for future employee-owners.”