DeWitt LLP law firm announced today that it represented J&R Schugel Trucking, Inc. (JRS) of New Ulm, Minnesota, in its October 31, 2025, acquisition by Interstate Personal Services, Inc. (IPS).
The transaction involved two employee stock ownership (ESOP) entities, as well as JRS and its affiliated equipment leasing and freight brokerage entities. Over the course of approximately five months, a multi-disciplinary DeWitt deal team, including members from its ESOP, transportation and logistics, employment, and corporate practice groups, guided JRS through a complex, multi-million dollar transaction structured as a share exchange.
Read More About DeWitt Represents J&R Schugel Trucking in
Multi-Party ESOP Transaction
Private equity firm KKR is using employee ownership as a tool for growth, resulting in increased productivity and retention benefits for their investments. It is unclear whether KKR is using an ESOP or another vehicle to confer employee ownership, but the trend appears to be working for both the firm and the employees of its portfolio companies.
Read More About Private Equity Firm Using Employee Ownership in its Acquisitions
When they were in the U.S. Congress, Ron Kind (WI) and Erik Paulsen were strong supporters of employee ownership, and ESOPs in particular. Read More About Former Congresspersons Suggest ESOP's as Solution for Social Security Crisis
