The principal is Kenneth J Mack from Middleton WI. “I’ve been here almost 18 years, and we’ve never even second-guessed that decision at all,” she says. Half of our staff didn’t know if that was good or bad, but I knew it was good. "In addition, selling to an ESOP in a 100% ESOP transaction was a highly cash efficient and tax efficient solution and helped solidify that the sale was the ideal way to transition the business.". 1 employee has left comments about their experience working for the company on InHerSight. The Registered Agent on file for this company is Kenneth J Mack and is located at 8311 University Ave, Middleton, WI 53562. If you are not already a subscriber to In Business magazine, be sure to sign up for our monthly print edition here. In 1999, determined to keep Mounds privately held and locally owned, Ken sold a portion of the business to Mounds management staff members Mary Jansma and Tim Walton. We all work very hard to give back to the community and make this a great place to work for our employees, so it’s definitely an honor.”. “We started a partnership with the Dane County Humane Society and because we don’t sell animals, people love to come in and interact with animals and see animals,” Van Altena says. Community See All. These are in-store accommodations that benefit hundreds of animals each year by giving them an outlet to be adopted into a new home. Topics: Mounds Pet Food Warehouse, Inc. operates as a pet food and pet supply company. This is Mounds Pet Food Warehouse: your local, employee-owned pet supply store who knows that pets are family and they deserve the best! Visit one of the Mounds adoption centers today! As an employee, you can encourage people to shop here and take advantage of that service. For the past quarter century, it has put on Dog Fest, a community-based, customer-appreciation event that brings a lot of “rescues” to one location. Please include both a name and email address. [fa icon="caret-right"] ESOP Administration, [fa icon="caret-right"] Considering an ESOP, [fa icon="caret-right"] ESOP Culture & Communication, [fa icon="caret-right"] Repurchase Obligation, [fa icon="caret-right"] The ESOP Partners Experience, [fa icon="caret-right"] Recent Transactions, [fa icon="envelope"] AJuckett@ESOPPartners.com, [fa icon="home"] 3601 E Evergreen Dr. #200, Appleton WI 54913, [fa icon="linkedin-square"] [fa icon="twitter-square"] [fa icon="facebook-square"]. Reproduction without permission is prohibited. Better workplaces for women. However, by 1984 the farm store was devoted entirely to pet food and supplies. Mounds Pet Food Warehouse has grown into one of the largest independent pet food retailers in southern Wisconsin by intentionally bypassing a potentially large revenue source. Mary Jansma passed away on January 9, 2014. “So, that’s the biggest thing with the employee-owned status, that we’re keeping everything local, and that we’re giving back to the community.”, For those organizations that would follow Mounds’ example in establishing an ESOP, Van Altena has one piece of advice. “I don’t know that I would have pointers, other than the importance of communicating with your staff right from the beginning on what is going on and why, so they can get behind you and support you and support the company,” she counsels. Not yet rated Mounds is committed to reducing pet overpopulation. Mounds Pet Food Warehouse Completes Sale To Employee Stock Ownership Plan (ESOP). Facebook is showing information to help you better understand the … Be the first to rate this company The company works with business owners and companies considering an ESOP to provide ESOP feasibility, plan design, and full ESOP implementation services. Selling part or all of a business to an ESOP enables a business owner to sell to a built-in buyer in as little as 60-90 days at full fair market value. So, we were very honored by this award. There are many significant tax and cash flow benefits of selling to an ESOP. Pet Supplies. He is a member of The ESOP Association (TEA) and the National Center for Employee Ownership (NCEO). In addition to charitable contributions, we encourage local non-profit animal groups to sign up for in-store events to inform the public about adoption options and how to get involved locally. You should trust where you are buying your pet supplies and pet accessories. 5,101 people like this. The “no sale” decision also was a factor in Mounds Pet Food Warehouse earning a 2019 Dane County Small Business Award. “Anybody who works here, if they learn about the company, can feel good about where they work and what they are doing for the community — their little part of changing the world. Mounds Pet Food Warehouse is a retail company headquartered in the Sun Prairie, WI area with 51 to 200 employees. Mounds also partners with local humane societies and rescue organizations that offer temporary homes to homeless animals. Committed to keeping Mounds privately held and locally owned, Tim Walton sold 100% of Mounds to its employees in January of 2015. Your pet store should love pets as much as you do. Just off HWY 51 between Pflaum and Buckeye Rd is the Madison East Mounds Pet Food Warehouse at 2110 S. Stoughton Rd. The company's filing status is listed as Dissolved and its File Number is 1M14610. “Gilda [Mulvaney] from human resources screamed quite loud. An ESOP is a qualified retirement plan that buys, holds, and sells company stock for the benefit of the employees, providing them with an ownership stake in the company. InHerSight collects anonymous employer ratings … Employee Stock Ownership Plans (ESOPs) are qualified retirement plans that buy, hold, and sell company stock for the benefit of the employees, providing an ownership stake in the company. With dog in tow, we went to pick up the requisite food and supplies. 5,124 people like this. “We work with Friends of Noah at our Janesville/Rock County store because they don’t have a place to showcase their animals, so that helps them tremendously, as well.”, Founded in 1969, Mounds promotes animal welfare in a variety of other ways. ESOPs are the only retirement plan allowed to borrow money to purchase stock and are generally funded only by the company. Let us know and we'll get in touch with them! Know someone we should contact about claiming the Wonderful Wonderful page on InHerSight? By 1974 Mounds Agri Service expanded so quickly that Ken left Purina to focus on his own company. Ken began selling private label products: Dog Power, Purrfect Cat, Horse Power, and the various wild bird seeds. “The sale to an ESOP was about securing our legacy with our customers, with the communities we serve, and most of all, our employees,” said Walton. Mounds Pet Food Warehouse and five other Dane County Small Business Award winners will be honored during the annual Dane County Small Business, Virtual Panel Discussion: Black Economic Empowerment, Dane County Small Business Awards Application, Stoughton Trailers raises pay to attract new employees, Monona pizza restaurant closing permanently, Midwest grocer seeks 150 new employees in Madison, Dane County bans indoor gatherings, limits outdoor to 10 people, Businesses receive citations but are not linked to outbreaks, 8 keys to making your company a great place to work. This store was so successful that in 1993 a 15,000 square foot Mounds Pet Food Warehouse was built at its present location on Stoughton Road. ESOP Partners also provides support for ongoing ESOP companies, including ESOP TPA services, distribution and repurchase obligation planning, and consulting services covering corporate governance, ESOP culture, employee communications, and second stage transactions.
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