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FISHBOWL BUYS OUT SHAREHOLDER

Friday, Jun 17 2011
News and Analysis
Written by 

David WilliamsThe management and employees of Fishbowl Inventory have purchased all the interest from what was described as a former majority shareholder.

There were a lot of glowing statements of praise from CEO David Williams and president Mary Michelle Scott, but little on the details other than the employees now own 100 percent of stock. The statements  did not disclose the price or the name of the former shareholder.
However, the Wikipedia article about the company states that it was founded in 2001 by Chuck and Beverly Hale, two Salt Lake City business owners, who invested $3 million and went through several CEOs. They brought in Williams in 2004 to evaluate the company and possible dissolve it. If I were making an educated guess, one of the Hales would go to the top of my list (and hope they are alive in my making this calculation.) The company was originally known as ExpressTech Holdings.
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