APartnership Embarks on a New Era of Innovation, Starting its First New Year as Employee Owned

NEW YORK - Jan. 11, 2024 - PRLog -- The ICA Group, known for its strategic role in business conversions to employee ownership, celebrates another triumph with the announcement of APartnership's successful transition to an employee-owned company. APartnership, an advertising and communications firm that is considered a vanguard in Strategy, Account Management, Communications Planning, Analytics, and Creative Services, is now entering a new chapter marked by shared success and empowered governance.

APartnership, founded by Jeannie Yuen, is known for its innovation and strategic insight in the advertising and communications sector. Starting in 1999, the firm has grown to include a portfolio that spans a wide spectrum of categories from automotive to healthcare, package goods, financial services, and more. APartnership is a 5-time winner of the ANA Multicultural Excellence Award and a 4-time winner of the Asian Advertising Federation's Creative Agency of the Year.​

Initially conceived as part of founder Jeannie Yuen's succession plan, this pivotal shift to employee ownership underscores APartnership's dedication to preserving its distinctive culture and tradition of innovation. The ICA Group recognized this and provided a tailored approach to ensuring a seamless transition for all those involved.

The ICA Group's deep experience in guiding both transitioning business owners and new employee-owners through converting conventionally owned businesses into employee-owned firms has helped business owners sell their businesses successfully and happily to their employees. ICA's specialized knowledge and experience in finding ways to fund and structure employee ownership transitions facilitates changes that reinforce the preservation of small businesses in local communities and promote worker empowerment.

With its new employee-owned structure, the transition has already yielded tangible benefits, such as heightened employee engagement, a fortified commitment to the company's vision, and a robust business model for the future.

"Transitioning to employee ownership is a milestone that not only changes our company structure but also solidifies our foundational values. It's a leap towards a future where each of us is an integral part of APartnership's story and success." - Jeannie Yuen, the previous owner of APartnership

"Our team is very excited for this new chapter of APartnership. As owners, we'll not only benefit financially from the company's success, but we'll also be more involved in decision-making and policy design." - Steve Lam, Board President

To learn more about business conversions to employee ownership, visit The ICA Group's website (https://icagroup.org/conversions/) or reach out to Shelley Miller at smiller@icagroup.org.

For Media Inquiries: Joél Mejia, jmejia@icagroup.org