A Recent Furphy Engineering Project

While on the theme of EBOs and succession planning... Furphy's and Sons Pty Ltd Is the well known "oldest family owned company in Australia" based in Shepparton, Victoria. They are makers of Furphy's water tanks and also the source of the term "furphy". The company has had "succession" over five generations, but has also been able to build a substantial "all employee" ownership stake for their 100+ employees in the business.

The board of Directors is made up entirely of employees who have "come through the ranks". Apart from one non executive director.

See http://www.furphys.com.au for more about The Furphys' and on the Furphy employee share ownership program.