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MBW Company acquires Glesener’s

NEW ULM — MBW Company of New Ulm has purchased the assets of Glesener’s Inc. in Bird Island. The transaction took place on Wednesday, Nov. 30, with MBW Company taking over operations on Thursday, Dec. 1.

Glesener’s was incorporated in 1992 to develop services for adult survivors of brain injury. Over the past 24 years, Glesener’s Inc. has offered assisted living, hourly and adult day services in Bird Island. Glesener’s name sake and owner, Mark Glesener, was looking for a retirement succession plan of employee ownership and chose MBW Company, resulting in a mutually beneficial opportunity.

MBW Company is a 100 percent employee-owned business in New Ulm. Since 1978, it has provided support services to people with physical, cognitive, intellectual, and mental health support needs.

“It is a great opportunity for the employees of Glesener’s and MBW Company to join forces in continuation of our mission to serve individuals with disabilities in the community as an employee owned organization.” said Ric Nelson, president & CEO. “We are proud to be an ESOP company and strongly believe in the power of employee ownership and how it naturally supports our mission of enriching the quality of life for individuals with disabilities.”

“I have been impressed with MBW Company from the first day that they knocked on our door,” said Mark Glesener, owner and executive director of Glesener’s, Inc. “They have proven to be an innovative company, which is sincerely interested in the individuals that they serve and their employees. You couldn’t ask for a better match in the missions of the two companies.”

The acquisition diversifies MBW Company’s service offerings and extends the opportunity for employee ownership to 40 employees living in and around the Bird Island area. MBW Company now provides supports to over 120 individuals with disabilities and employs over 200 employees.

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