SmithBucklin Now Owned by Employees

TSE STAFF
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Chicago – SmithBucklin announced on June 29th that ownership of the company has been transferred from SmithBucklin’s financial investors —- Svoboda, Collins and Mesirow Financial in partnership with Henry Givray, President and CEO — to SmithBucklin employees. The company recently established an Employee Stock Ownership Plan (ESOP) and all SmithBucklin employees were offered the opportunity to purchase shares of stock.  As a result, the employees now own 100% of the company’s stock.  Henry S. Givray will continue as President and CEO of the association, and there will be no changes in management, client services, operations or business strategy.

Smith Bucklin is the world’s largest association management  firm, providing services to over 185 associations, societies, user groups and government agencies. The firm’s clients include CEIR (the Center for Exhibition Industry Research), the International Carwash Association, the National Association of Orthopaedic Nurses and the Hewlett Packard User Group Online Advocacy.

Svoboda, Collins and Mesirow Financial acquired SmithBucklin in August 2002 in partnership with Givray, who had previously worked at the company from 1983 to 1996.   SmithBucklin has grown rapidly during the last three years, adding more than 50 client organizations.

Reach Henry Givray, President and CEO at (800) 539-9740.