PROVIDING VALUE TO ESOP COMPANIES
Bob Kovell has been helping ESOP companies become more successful for over 20 years.
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Bob Kovell has been providing value to ESOPs and closely-held businesses for over 40 years, first as a CPA, subsequently as a strategic planner, and now as an independent Board Director. He currently serves on four ESOP Boards in the manufacturing, construction, wholesale distribution and service industries.
ESOP Expertise. Bob has provided consulting services to ESOP companies for over 20 years; has audited both ESOP operating companies and their related ESOP retirement plans; served as an ESOP transactional trustee; and currently is a member of four ESOP Boards; in Minneapolis and Central Minnesota.
Extensive Governance Experience. He has served on 10 business boards over the past several years.
M&A Consulting. Bob has analyzed, valued, negotiated and consulted on numerous acquisitions, and spearheaded the sale of an $80 million wholesale distribution business.
40 years of CPA experience, including strategic planning services.
25 years of business appraisal experience.
Member, National Center for Employee Ownership.
Testimonials
Words from Jim Schiffler, former Board Chair of Saint Cloud Industrial Products, Inc., a 100% ESOP-owned Company:
“… if you are looking for a board member with a strong finance background Bob Kovell is your guy“
Jim Schiffler, Former Board Chair
Saint Cloud Industrial Products, Inc.
“Bob’s work on our Board of Directors and his extensive knowledge about ESOPs has helped guide our business through the transition of becoming 100% ESOP-owned. Bob is a strategic thinker and problem solver and he has helped our company to move toward planning for the future, and not just “the now.”
Furthermore, I trust him to always be honest about what he thinks is best for the company.”
Tina Erpenbach, Past President
Northern States Supply
“I brought Bob on to our Board of Directors as one of your first outside directors. His experience with ESOPs and in Finance was attractive to us early in our ESOP life. Six years later his work on our board has proved to be invaluable. I can count on Bob to challenge us to be better and he delivers.
Bill Sullivan, Board Chair
Brin Glass Company
“As Vice-Chair of the Joint Finance Committee, Bob has provided substantial value to CentraCare Health & St. Cloud Hospital, a combined entity with revenues of $1.8 billion. He is a strategic thinker who has made a significant impact on our organization.”
Greg Klughertz Former CFO CentraCare Health
Professional Speaking
- “Board and Director Evaluation,” at the National Employee Ownership Conference, April 2020, sponsored by the National Center for Employee Ownership (NCEO).
- “St. Cloud Industrial Products Board Panel Discussion,” at the MN-DAK ESOP Association’s Annual Board of Directors Conference, June 2019.
ESOP Resources
National Center for Employee Ownership
The ESOP Association