News

Green River is Now
100% Employee Owned

November 20, 2024

Green River is now 100% employee owned! Today we closed on a transaction more than a year in the making, transferring ownership from a handful of private partners to our current and future employees. Today also marks the official retirement of founder Michael Knapp from the organization.

Green River is a software and technology services company — a sector where venture capital, merger and acquisition activity, and private investment lay the traditional path to success. But we have always been focused on the outcome — the social impact — of our work, and building growth atop external demands for financial returns didn’t make sense to any of us. Instead, as Michael and other partners began to look at moving on, we leveraged traditional financing options to transfer the entire company to an Employee Stock Ownership Plan (ESOP). And, recognizing in ourselves that the contributions, vision, and engagement of Green River staff go beyond a service-for-salary relationship, we have begun putting in place structures of cooperative governance, granting, for example, significant employee-owner representation on our board of directors.

We have collectively always believed Green River is unique. We are now proud and excited to be part of a unique business transition — one that we believe sets us in excellent stead to continue and grow our impact well into the future.