Mud Bay, a boutique pet retailer focused on healthy and specialty pet products, announced that current owners will be selling the Company to its employees through an Employee Stock Ownership Plan (ESOP). This alternative exit strategy will allow current co-CEOs and siblings Lars and Marisa Wulff to transfer their equity shares to the Company’s 320 employees.
The prevalence of owner exits through ESOPs has grown over recent years, with benefits including capital gains tax deferral for sellers and improved employee performance through ownership incentive. For more information regarding ESOPs click here.
To read more about Mud Bay’s ESOP, click here.
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