Trinity Products
5 BUSINESS VIEW MAGAZINE VOLUME 10, ISSUE 11 TRINI T Y PRODUCTS A Win-Win Approach to Company Transformation Though Trinity remained steadfast in its chosen industry, Robert Griggs was still open to shifting the company structure. After 40 years in business, at 68, Griggs sought his liquidity event, pondering how he could retire and exit the prolific scene he’d created while preserving the prosperity he’d created. He initially looked into selling it within the M&E (media and entertainment) market; however, he backed out once he realized the loss of autonomy such a choice would bring. Griggs had spent years working hard on the company’s employee environment. However, once sold, he would have very little say in the direction of the company culture. After receiving counsel from a few associates who had chosen the ESOP route and a thorough investigation by Davis and other key Trinity employees, it became clear that the employee ownership structure was the solution for everyone.
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