Workplace solutions company becomes employee-owned, highlighting a growing trend in business succession planning
Lansing, Michigan, 24 July 2026 – Michigan’s Employee Ownership Pilot Program has reached another important milestone as Lansing-based workplace solutions company DBI officially transitioned to employee ownership. The move marks the second successful business conversion under the statewide initiative, which helps companies plan for ownership changes while keeping businesses locally rooted and employees actively involved in their future.
The Employee Ownership Pilot Program was launched to help business owners who are approaching retirement or planning to step away from their companies. Instead of selling to outside investors or competitors, the program encourages businesses to transfer ownership to employees through models such as Employee Stock Ownership Plans. This approach helps preserve company culture, protect jobs, and support long-term business stability.
DBI, which has served customers in Mid Michigan since 1984, has now become a fully employee-owned company. The business provides workplace design, office furniture, installation, and architectural solutions to organizations across the region. The transition allows eligible employees to share in the company’s future success while ensuring the business remains locally operated.
Business succession has become a growing concern across the United States as many owners near retirement without a clear plan for the future. Employee ownership is increasingly being viewed as a practical solution that enables companies to continue operating while rewarding employees who have contributed to their success over the years. Instead of disrupting operations through external ownership changes, businesses can maintain continuity and strengthen employee commitment.
Michigan’s pilot program also helps reduce the financial and technical challenges involved in ownership transitions. Participating businesses can receive support for business valuations, legal services, feasibility studies, and technical guidance, making the transition process more accessible for small and medium-sized companies.
Since the program began in 2025, ten Michigan businesses have received grants to explore employee ownership. Seven companies have already committed to completing their transitions, representing more than 600 employees across industries including manufacturing, healthcare, architecture, childcare, education, and professional services. The latest transition demonstrates growing interest in employee ownership as an effective strategy for business continuity and workforce development.
Employee-owned businesses are often associated with stronger employee engagement, improved workplace stability, and long-term business resilience. As more companies across the country begin planning for leadership transitions, programs that support employee ownership could play an increasingly important role in preserving local businesses while creating greater financial opportunities for workers.
