Dallas' Crossplane Capital Partners with Nonprofit To Expand Employee Ownership in Its Porfolio

Dallas’ Crossplane Capital Partners with Nonprofit To Expand Employee Ownership in Its Porfolio

Through the collaboration with New York-based Ownership Works, Crossplane said it aims to gradually introduce shared ownership programs with selected portfolio companies well-suited for such models, "empowering portfolio company employees to share in the value they help create and fostering an active ownership mindset in the workplace."

Crossplane Capital, a leading lower middle-market private equity firm based in Dallas, has announced a partnership with Ownership Works, a nonprofit organization that works with companies and investors “to provide all employees with the opportunity to build wealth at work.”

Ownership Works helps organizations implement broad-based employee ownership programs that “can unlock new levels of success for businesses” while creating “meaningful wealth-building opportunities for employees,” Crossplane said.

Founded in 2021, Ownership Works provides tools, practical models, and hands-on guidance, helping companies to structure shared ownership programs with a goal of boosting culture, enhancing company performance, and improving employees’ financial wellbeing.

Joining over 80 others who’ve partnered with the nonprofit

Through the collaboration, Crossplane said it aims to gradually introduce shared ownership programs with selected portfolio companies well-suited for such models, “empowering portfolio company employees to share in the value they help create and fostering an active ownership mindset in the workplace.”

The Dallas PE firm is joining the nonprofit’s consortium of over 80 foundations, corporations, labor advocates, investors, and pension fund leaders as one of its “very first” lower middle -market private equity partners.

”The ethos of Crossplane is built on our four key pillars of experience, empowerment, collaboration, and stewardship,” Greg Balliro, a partner at Crossplane, said in a statement. “This partnership with Ownership Works fully embraces these principles and paves the path for broad-based employee ownership opportunities at our portfolio companies.”

“With fully aligned interests, we believe our experienced front-line employees will feel empowered to make the right day-to-day decisions that will ultimately drive long-term success for not only them and their families, but also their companies,” Balliro added.

Launched in 2018, Crossplane Capital said it makes control investments in niche manufacturing, value-added distribution, and industrial business services companies. The firm seeks to partner with lower-middle market companies to enhance financial performance and generate strategic value creation.