NuSource in the News

Recently, the Minnesota Center for Employee Ownership (MNCEO) highlighted NuSource and their ESOP structure.

They published our ESOP story submitted by President and CEO, Jon Erpelding:

NuSource Financial was founded in 1999 as a technology provider for financial institutions in Minnesota and surrounding states. The company was 100% owned by the founding partners until 2015 when P/E investment was needed to support the continued growth of the business.

In 2021 the company partnered with a new PE firm that specializes in ESOP structured buy-outs. The NuSource executive team viewed the ESOP structure as a great platform to reward our highly skilled workforce with company ownership and help new employee recruitment in a highly competitive environment.

We have noticed a measurable difference in how our team views not only their individual roles but also how we collaborate as a team, the mindset is that of an owner which has been enormously powerful for the business.

We are very excited about the future of our company and feel strongly being an ESOP gives us a unique opportunity to outperform our industry peers.