ABJ: P. Terry’s Employee Ownership Transition

June 9, 2026
Blog: Press Releases

The Austin Business Journal recently featured P. Terry’s Burger Stand’s transition to an Employee Ownership Trust (EOT), highlighting the company’s long-term vision for preserving its culture while investing in its employees. The article was written by Sahar Chmais.

The story explores how the new ownership structure allows employees to share in the company’s future success while helping ensure P. Terry’s remains independent for generations to come. It also highlights the launch of a company-wide profit-sharing program for eligible employees and shares Patrick and Kathy Terry’s perspective on building a business that puts people first.

The transition reflects P. Terry’s ongoing commitment to its employees, guests, and communities while reinforcing the values that have guided the company since it first opened in 2005.

Read Sahar Chmais’ full article in the Austin Business Journal.

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