Tag: Employee Stock Ownership Plan (ESOP)
Mike Mallaro on VGM’s turnaround, culture & founder
September 11, 2026Theresa Flaherty
WATERLOO, Iowa – Success stories rarely happen without setbacks. In his new book, VGM: Stories & Lessons of a Great American ESOP Company, former CEO Mike Mallaro details the challenges, tough decisions and leadership lessons that shaped the company over the past 40 years. He spoke with HME News recently about the occasional “messiness” of running a business and why it’s important to take a step back and “sleep on it.”
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VGM’s Mallaro publishes history of company
August 28, 2026HME News Staff
WATERLOO, Iowa – Former VGM CEO Mike Mallaro has written a book chronicling the history of the company, the stories behind its success and the lessons learned along the way. “VGM: Stories & Lessons of a Great American ESOP Company” features stories of the company’s 40-year history, including the flight that launched VGM into early success, Van Miller’s origin story, VGM’s near-fall experience in 2000 followed by a successful turnaround, the secrets to the company’s...
O&P companies become ESOP
January 19, 2016HME News Staff
SOUTH BEND, Ind. - Midwest Orthotic & Technology Center and Surestep are now owned by their 170 employees, according to a local newspaper. The center is a full-service O&P company; Surestep manufactures, markets and sells a bracing system and complete line of products for children with developmental challenges. The owners of the company, Bernie Veldman and his wife Pam, will remain president and vice president, respectively. The Veldmans transitioned Dienen, Inc., the parent company of Midwest Orthotic...
Provider transitions to employee ownership
March 4, 2014HME News Staff
GARDEN CITY, N.Y. - Home Medical Equipment, a provider of custom mobility products, equipment and services, is now 100% owned by its Employee Stock Ownership Plan (ESOP). “Our new ownership structure promises great things for the future of our company,” said Bill Tobia, president of Home Medical Equipment, in a release. “It's a meaningful change for all of our hardworking, dedicated employees who now share ownership in the company they helped to build.” CSG Partners served...