KKW TRUCKING INC Home Why KKW Careers Customer Solutions Resources Media Center Connect ESOP – EMPLOYEE STOCK OWNERSHIP PLAN EMPLOYEE OWNED SINCE 2019 KKW TRUCKING IS 100% EMPLOYEE-OWNED THROUGH AN EMPLOYEE STOCK OWNERSHIP PLAN (ESOP) KKW Trucking, Inc. and its affiliates have completed a transaction to become 100% employee-owned through its newly-created Employee Stock Ownership Plan (or “ESOP”). The Company was founded in 1962 in Los Angeles, CA and today it operates out of its 91,000 square foot facility on 9 acres in Pomona, CA to provide transportation services, including irregular route truckload services for world-class manufacturers, retailers and consumer packaged goods companies throughout 12 western states. The Company operates 120 local, 265 sleeper tractors and more than 1,300 trailers. STATE OF THE COMPANY OCTOBER 2020 MESSAGE FROM DENNIS FIRESTONE ESOP FAQ What is an ESOP? An ESOP is formally known as an employee stock ownership plan a qualified retirement plan like a profit sharing plan that that is required to invest in employer stock How is an ESOP different from a company’s 401(k) plan? How is the price of the stock in the ESOP determined? How are shares allocated each year? How often will my ESOP account balance change and how does my account grow? Do I have voting power in decisions of the company? If I leave KKW, do I still get to cash out my stock? What do I have to do to sign up for ESOP? KKW ESOP TRAINING VIDEOS Part #1 Part #2 Part #3 Part #4 ANNOUNCEMENT & PRESS RELEASE FOR IMMEDIATE RELEASE Contact: Dennis Firestone, CEO November 20, 2019 Phone: (909) 869-1201 Email: dfirestone@kkwtrucks.com KKW Trucking Becomes 100% Employee-Owned Through an Employee Stock Ownership Plan (ESOP) After 57 years of significant expansion and growth, KKW Trucking opens its next chapter POMONA, CA: KKW Trucking, Inc. and its affiliates have completed a transaction to become 100% employee-owned through its newly-created Employee Stock Ownership Plan (or “ESOP”). The Company was founded in 1962 in Los Angeles, CA and today it operates out of its 91,000 square foot facility on 9 acres in Pomona, CA to provide transportation services, including irregular route truckload services for world-class manufacturers, retailers, and consumer packaged goods companies throughout 12 western states. The Company operates 120 local, 265 sleeper tractors and more than 1,300 trailers. According to Dennis Firestone, CEO, “Building this Company from 9 trucks that worked out of a 6,000 sq. ft. cross dock into what we have become over the last 52 years has been very gratifying experience indeed. The reality is that KKW Trucking was built by a team of hard-working committed men and women, and if I was to get any credit for our successful journey then it would only be that I was able to recruit and train most of these amazing individuals. The time has come for me to step aside, and the thought of turning our Company over to the very people that helped me build it, is a dream come true. I truly believe that when the notion sinks in that each of our team members are truly owners and they realize that they will directly benefit from their extra efforts, then the sky becomes our only limit. I couldn’t come up with a better way to say ‘thank you’.” Dennis Firestone has held the title of President for 52 years and will now become Chairman of the Board with Steve Benninghoff replacing him as CEO and Lynnette Brown continuing on with her role as CFO. Steve and Lynnette have groomed a successful management team and Dennis admits “It’s time to let this young yet well-seasoned team take the reins and transport this new company to a whole new level” After fifty-seven years of significant expansion and growth, all of the ownership of KKW Trucking has transferred to a qualified retirement plan, specifically an ESOP. All eligible employees will be credited with shares of Company stock within the ESOP trust each year at no cost, allowing them to earn ownership and accumulate tax-deferred retirement wealth through their service. KKW Trucking joins a group of elite employee-owned transportation companies such as the Paladin Capital companies, TMC Transportation, Big G Express, J&R Schugel, and Wheaton, to name a few. KKW Trucking, Inc. was advised by Ambrose Advisors, a national investment banking firm specialized in employee-ownership transitions. Michael Harden, Senior Managing Director with Ambrose Advisors, stated, “Dennis’s goal was to secure a sustainable future for KKW Trucking in a way that would be highly beneficial to the employees, customers, vendors, and the community in addition to himself. Employee ownership, done right, benefits all stakeholders and should be celebrated. It is a true win/win transaction for all parties involved and we were pleased to be a part. We heartily congratulate the KKW Trucking team and thank them for trusting Ambrose Advisors to manage this ownership transition process.” About: KKW Trucking, Inc. operates a trucking transportation business serving customers in 12 western states. http://www.kkwtrucks.com About: Ambrose Advisors is a national middle-market investment bank and financial advisory firm focused on guiding and assisting business owners with ownership succession planning, primarily through employee ownership. http://www.AmbroseAdvisors.com THINK LIKE AN OWNER CATEGORIES Album Blog Post Highlight Video News Podcast Promotion Videos Training Videos Uncategorized Vlog ARCHIVES June 2021 January 2021 December 2020 November 2020 September 2020 April 2020 March 2020 February 2020 November 2019 October 2019 September 2019 May 2019 April 2019 March 2019 January 2019 December 2018 November 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 February 2018 November 2017 October 2017 DRIVE FOR KKW Apply Now CONTACT US Email driverjobs@kkwtrucks.com Phone (800) 955-4559 Fax (909) 869-1215 Verification Of Employment Email voe@kkwtrucks.com Verification Of Employment Fax (909)-282-1873 Verification Of Employment Phone (909) 869-1217 Address 3100 Pomona Blvd Pomona, CA 91768 KKW HEADQUARTERS Map Satellite Keyboard shortcuts Map data ©2021 Terms of Use Report a map error Home Press Room Equipment Sales Driver Resources Media Center CCPA Pre-Collection Notice for Applicants Related Links FACEBOOK TWITTER LINKEDIN INSTAGRAM Copyright © 2020 KKW Trucking Ronda Close Nov 23, 2021 at 4:45 PM Hi! 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