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OMAHA, NE — FBG Service Corporation, a national facility management company, announced via press release recently that ownership of the company has been transferred to employees. The company said that the Employee Stock Ownership Trust has acquired majority ownership. The plan was inaugurated in 1992, with the goal of transferring ownership of the company from Wayne Simmonds, founder and chairman of the board, the release said. The Employee Stock Ownership Plan, which is 100 percent funded by FBG, is a qualified retirement plan designed to provide qualified employees with retirement, death and disability benefits, said the release. Currently, 712 employee owners qualify for the trust, according to the release. For related information, click here. To return to today''s news, click here. To discuss this topic with other industry professionals, click here. For a free subscription to CM e-News Daily, the leading provider of breaking industry news via the Internet, click here. For a free introductory subscription (or subscription renewal) to Cleaning & Maintenance Management magazine, the leading publication for the facility maintenance and contract cleaning industries, click here.