40 Million Owners: Expanding Employee Ownership Through Acquisitions
SUMMARY:
In this episode of Owners at Work, we talk with Mike Brady of 40 Million Owners about how the firm helps ESOP companies grow through strategic, values-aligned acquisitions. Mike explains how their three-phase framework—design, execution, and integration—guides employee-owned firms through M&A while preserving their ownership culture. We discuss how 40 Million Owners fills a key gap for lower middle market ESOPs lacking internal deal expertise, and how its 2025 acquisition by 3LS demonstrates the model in action. Mike also shares lessons from his career at PwC and Greyston Bakery, and…
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