Lumber Traders incredible journey as an ESOP

In this conversation, Danny Steiger, CEO of Lumber Traders, speaks with Emily Bergstrom of Project Equity about the company's path to employee ownership, the experience of the selling owners, and the importance of educating employees about how their employee ownership model works.
Lumber Traders is an employee-owned lumber and building supply company in Port Angeles, WA. The company was founded in 1906 and became employee-owned using an ESOP structure in 2004.
In their 20 years as an employee-owned company, Lumber Traders' share price has grown 6x with average annual growth of 16% per year. They recently added-on a new glass installation department and are exploring growing via acquisition in the future.