Small logo Subscribe to leading news on impact investing. Learn More
The Brief Originals Dealflow Signals The Impact Alpha Impact Voices Podcasts Agents of Impact Open
What's Next Capital on the Frontier Measure Better Investing in Racial Equity Beyond Trade-offs Impact en las Americas New Revivalists
Local and Inclusive Climate Finance Catalytic Capital Frontier Finance Best Practices Geographies
Slack Agent of Impact Calls Events Contribute
The Archive ImpactSpace The Accelerator Selection Tool Network Map
About Us FAQ Calendar Pricing and Payment Policy Privacy Policy Terms of Service Agreement Contact Us
Locavesting Entrepreneurship Gender Smart Return on Inclusion Good Jobs Creative economy Opportunity Zones Investing in place Housing New Schooled Well Being People on the Move Faith and investing Inclusive Fintech
Clean Energy Farmer Finance Soil Wealth Conservation Finance Financing Fish
Innovative Finance
Personal Finance Impact Management
Africa Asia Europe Latin America Middle East Oceania/Australia China Canada India United Kingdom United States
Subscribe Log In

Worker-owned Obran Cooperative acquires Appalachian Field Services

ImpactAlpha, June 15 – Obran is a holding company owned by the workers of two Baltimore-based staffing agencies: CORE Staffing, a temporary job-placement company launched and owned by formerly incarcerated individuals, and Tribe Works, which is focused on digital creative services.

Obran’s goal is to “create a very big holding company” that fuels profits back to employees of subsidiaries, Obran’s Joseph Cureton told NextCity. It looks for businesses with owners looking to exit and which Obran can help transition to worker ownership (see,Black and brown employee ownership for the post-COVID economy).

Its first acquisition is Appalachian Field Services, a home renovation and property management company that employs people recovering from substance abuse.

You might also like...