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Employee Stock Ownership Plan: Understanding the Business Succession and Financial Planning Benefits

Featuring Ashleigh Walters, President of Onex, Inc.

On February 24, HBKS Wealth Advisors presented a webinar offering insights on the advantages to employers and employees of an employee stock ownership plan (ESOP). The panel of experts discussed the challenges many business owners face with succession planning and personal financial planning, and the solution an ESOP can provide.

Ashleigh and Drew Walters purchased Onex, a 50-year old, Erie, Pa.-based custom furnace manufacturer, from Drew’s father in 2018 after leading a turnaround beginning in 2013 that included resolving operations issues and improving financial performance. They began planning their own succession soon after purchasing the business in order to ensure business continuity for their clients and employees should they be unavailable to manage the business.

Watch the webinar or learn more online at