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TAKING OWNERSHIP; With their subsidiaries' sales doubling over four years, the employee-owners of EBO Group are a happy bunch.

Publication: Crain's Cleveland Business
Publication Date: 07-JAN-08 		Format: Online
Delivery: Immediate Online Access
Full Article Title: TAKING OWNERSHIP; With their subsidiaries' sales doubling over four years, the employee-owners of EBO Group are a happy bunch.(News)(EBO Group Inc.)

Article Excerpt
Byline: DAVID BENNETT

Once an employee of EBO Group becomes an employee-owner, he or she gets a colored caricature of themselves nailed to an office wall, complete with exaggerated distinguishing features.

A glance at the wall inside EBO's headquarters in Sharon Center reveals some pointed noses, prominent ears and large eyes. However, of the 50 framed illustrations, there isn't one frown in the bunch.

Apparently with business growing so rapidly, there's a lot to smile about.

Employee-owned EBO consists of four subsidiary companies, including its flagship company, PT Tech Inc., a manufacturer of industrial power transmissions, brakes and clutches, and TransMotion Medical Inc., a maker of automated chairs used in the health care field.

Those two companies are helping drive rapid growth at the 59-person EBO, said Keith Nichols, president and chief financial officer. A third company, IPES sol Inc., makes products for the...

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