GTCR, a leading private equity firm, announced that it has partnered with Ownership Works, a nonprofit organization that collaborates with companies and investors to provide employees with the opportunity to share in the value they help create.
Supporting Ownership Works reflects GTCR’s ongoing commitment to fostering strong partnerships with portfolio companies and advancing programs that drive long-term value creation. GTCR intends to selectively work with its portfolio companies to implement broad-based equity ownership programs. Through the partnership, Ownership Works will help GTCR design and implement these programs and support the cultural and financial wellbeing elements that enable them to succeed.
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Ownership Works launched in 2022 and helps organizations implement broad-based employee ownership programs that can unlock new levels of success for businesses and create meaningful wealth-building opportunities for employees. With tools, resources, practical models and hands-on guidance, Ownership Works supports companies in structuring shared ownership programs that boost culture, enhance company performance and improve employees’ financial wellbeing and inclusion. The organization aims to generate at least $20 billion of wealth for workers by 2030. To date, Ownership Works has generated $11 billion for workers outside of the C-suite. Workers have already received $1.3 billion, with more than $10 billion in projected payouts to come through Ownership Works’ programs still underway.
“Our partnership with Ownership Works reflects our longstanding view that broad-based employee ownership can be a meaningful part of how companies build alignment and long-term value,” said Dean Mihas, Co-CEO of GTCR.
“Ownership Works is proud to partner with GTCR, as we work together to support portfolio companies and advance long-term value,” said Anna-Lisa Miller, Executive Director of Ownership Works. “We look forward to a long, meaningful partnership implementing and strengthening broad-based employee ownership programs with GTCR and its companies to create lasting impact for businesses and employees.”
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