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HL Stearns transitions to employee ownership through new ESOP

Summary by Daily Journal of Commerce
Portland, Oregon — 4/17/2025 — HL Stearns, the area’s leading provider of commercial and architectural lighting and controls solutions, announced today that it established an Employee Stock Ownership Plan (ESOP), effectively transitioning ownership of the company to its employees. This strategic move ensures the long-term viability of the company while rewarding the employees who have contributed to its growth and success over many years. Under …
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Daily Journal of Commerce broke the news in on Thursday, April 17, 2025.
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