Entrepreneurs Ashleigh and Drew Walters are looking to expand their influence by revitalizing manufacturing communities. In 2018, the couple became majority owners of Onex, the Erie-based industrial furnace manufacturing company that was in financial distress. After transforming the business with continuous strategic improvements and solidifying the company’s stability in Erie, they decided to sell the business to their employees in an Employee Stock Ownership Plan (ESOP) to enhance company culture and strengthen Onex’s future.
Now, Ashleigh and Drew are looking to expand Onex’s reach by incorporating businesses into the Onex “family”. This is a great opportunity for business owners considering their succession plan.