17 Nov ShopBot Tools Announces its Restructuring as an Employee Ownership Trust
Our client ShopBot Tools, Inc. recently announced its restructuring as an Employee Ownership Trust (EOT), a move that was designed to position the company for long term success by empowering its employees through ownership. ShopBot is the 14th company in the U.S. to establish an EOT. See a featured article here.
Broughton Consulting started working with ShopBot Tools in 2017 to establish open book management within the company and is excited to have played a critical role in its transition to this innovative form of employee ownership.
ShopBot Tools was founded in 1996 and works to make CNC digital fabrication technology accessible to users in the small manufacturing and education sectors. ShopBot tools are designed and built in Durham, North Carolina.