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October 29, 2007 - In the 2006 Trendsetters Survey from PricewaterhouseCoopers, 301 companies identified as fast-growing were asked about their business succession plans.  Nineteen percent of these companies said that an ESOP was a potential exit strategy.    Companies were able to pick more than one option.  Selling to another company was the most common option chosen at 62% followed by sale to management at 29%. 

 

The findings of this survey were similar to a survey by Inc. in 2007 of fast- growing companies.  The results of these two surveys may represent a new trend among newer fast-growing companies.  Historically, ESOPs have been a business transition strategy more popular in mature companies.