Allen Insurance and Financial -ESOP Company of the Year

March 23, 2023

Allen Insurance and Financial has been selected as the 2023 Employee Owned Company of the Year by The ESOP Association’s New England Chapter. This award, which recognizes the outstanding employee ownership programs of its members, was presented at the New England Chapter Spring Conference in Burlington, Mass.

The New England Chapter of The ESOP Association is comprised of more than 180 companies from Maine, New Hampshire, Vermont, Massachusetts, Rhode Island and Connecticut.

”We are pleased and honored to have been selected as the winner of the 2023 Company of the Year by the New England Chapter of The ESOP Association,” said Michael Pierce, president of Allen Insurance and Financial. “We are proud to be an ESOP and be part of a community of camaraderie and accountability.

This award is recognition of the work we have been doing to grow our company and to strengthen our employee ownership culture – these two go hand-in-hand on the path of our success.”

The New England Chapter judges were especially impressed by Allen’s many examples of that ownership culture in action.

Allen Insurance and Financial’s employee owners have a history of donating significant time and effort to support the communities in which they operate, and have earned many awards over the years for their generosity and the strength of their company culture.

The New England Chapter judges said: “Allen Insurance and Financial’s employee owners are truly committed to their ownership culture, their customers, and their community. Their robust culture committee structure is a highly effective driver of their communications, wellness, and community service efforts, and we hope that their model can serve as an example for other companies both within our chapter and across the country.”

The New England Chapter judges continued: “The company is therefore an ideal candidate for the ESOP Association’s 2023 National Employee Owned Company of the Year award and we are pleased to forward their application to the national office for consideration.”

Winners from The ESOP Association’s 19 chapters are considered for The National Employee-Owned Company of the Year, which will be announced at The ESOP Association’s National Conference in Washington, DC in May 2023

ABOUT THE ESOP ASSOCIATION: The ESOP Association is founded on the belief that employee ownership will improve American competitiveness, increase productivity through greater employee participation, and strengthen our free enterprise economy. Online:

ABOUT ALLEN INSURANCE AND FINANCIAL: Allen Insurance and Financial is a 100% employee-owned insurance, employee benefits, and financial services company with offices in Rockland, Camden, Belfast, Southwest Harbor (L.S. Robinson Co.) and Waterville (GHM Agency). Call 800-439-4311. Online: and on Facebook

Header Photo: Carol Miller Photography


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Rockland, Maine 04841


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Camden, Maine 04843


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Copyright 2023. Penobscot Bay Regional Chamber of Commerce All rights reserved.

Copyright 2023. Penobscot Bay Regional Chamber of Commerce All rights reserved.