# Bandit Industries sold to employees via ESOP

Bandit Industries finalized its transition to a 100% employee stock ownership plan (ESOP) on November 1, 2018, with former owners Mike Morey Sr., Dianne Morey and Jerry Morey selling the company to employees. The management team remains in place.

- Type: Acquisition
- Announced: 2018-11-01
- Where: United States
- Status: completed
- Products: wood chippers, shredders, crushers
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Bandit Industries](https://endata.com/companies/35284.md) (target)

## Sources

- [banditchippers.com](https://banditchippers.com/esop-sale-to-employees-is-final/), 2018-11-01: "We're excited to begin this new era in Bandit's history."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.