How Employee Ownership Reinvigorated a GovCon Leader
A product of the 90s dot-com boom, TechFlow consistently beat the odds and cemented its status as a top consultancy. But after two decades of steady growth, founder Robert Baum feared his company had plateaued. To compete in the ever-changing field of government consulting, TechFlow needed to forge a new path—one that empowered its entire team to pull in the same direction.
In 2016, Baum and his company completed an employee ownership transition. TechFlow hasn't looked back. In the decade since its ESOP sale, the company has consistently been recognized as one of America's fastest growing tech companies and as an Inc. Best Workplace.
In an extended interview with CSG's Richard Harmon, Baum describes this remarkable ESOP journey and discusses the benefits and challenges of leading an employee-owned company.
Featuring

Robert Baum
TECHFLOW
CEO and Chairman of TechFlow, Rob has over 30 years of entrepreneurial experience in the consulting industry. He was instrumental in the firm's transition to a 100% employee-owned company in 2016. Today, TechFlow is a trusted technology solutions partner of the US government and leading companies
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Richard Harmon
CSG PARTNERS
With experience in public accounting, as a CFO, and as an entrepreneur, Richard offers clients a unique mix of analytical discipline and real-world insight. He’s been awarded multiple industry honors, including ESOP Deal of the Year (M&A Atlas Awards) and Debt Financing Deal of the Year (M&A Advisor).
Why do Leading Businesses Trust CSG?
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Experience
Our multi-disciplinary team's primary focus is ESOPs, and our transaction volume is unmatched in the industry. That translates to extensive institutional knowledge and a deep understanding of the variability of employee stock ownership plans.
Analytics-Focused
We leverage proprietary modeling and research tools – refined and developed throughout our 20+ year history – to deliver data-driven ESOP recommendations and solutions.
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Financial Reach
Our dedicated capital markets team has access to the same financing sources as private equity firms and top investment banks. In the last five years alone, 30+ bank lenders and funds have financed CSG-led ESOP transactions.
350+
ESOP Transactions
40K+
Employee Owners
$25Bn+
in Enterprise Value
50+
National Awards
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