Go ESOP LLC

At the end of 2023, Daniel Goldstein retired as CEO and President of Folience, a 100% ESOP-owned holding company. The company published the first edition of their newspaper on January 10, 1883, started a partial ESOP in 1986 and became 100% ESOP-owned in 2012. In late 2015, the ESOP sold its television station which strengthened the company’s balance sheet but removed its main revenue generator. Daniel joined shortly thereafter to transform the company and diversify the revenue base through acquisitions, to grow beyond the historically singular focus on media. -+- Folience was founded on January 1, 2017, and Daniel began building the portfolio. In 2017 he led the acquisition of Life Line Emergency Vehicles, an ambulance manufacturer in Sumner, Iowa. In 2018 Cimarron Trailers, a horse and livestock trailer manufacturer in Chickasha, Oklahoma was acquired. In 2022 the assets of another trailer company were acquired to open a second Cimarron Trailer production facility in Manhattan, Kansas. In 2020, the ESOP achieved its highest share value since inception of the ESOP in 1986, with subsequent year-on-year growth under Daniel’s leadership. Folience was awarded the 2022 national Employee-Owned Company of the Year award by The ESOP Association. He currently serves on the Boards of other ESOPs, all involved in different aspects of manufacturing. -+- Daniel’s prior 20 years of executive leadership includes owning his own businesses, acquisitions, joint ventures, managing financial investment portfolios, business and real estate management, and serving on Boards. Throughout his career, Daniel has guest lectured at universities across the US and Europe and has spoken at or chaired over 100 professional conferences across five continents.

Industry

Business Consulting and Services

Company size

1 employee

Headquarters

Norfolk, Virginia

Type

Self-Owned

Founded

2023

Specialties

Employee Ownership, Culture, Leadership, ESOP, Mergers & Acquisitions, Governance, Strategy, and Communications