May 21st, 2019
Wilson Electric Services Corp. of Tempe, AZ announced that the company’s ESOP (Employee Stock Ownership Plan) has purchased the balance of the company shares, making it 100 percent employee-owned. Wilson Electric, a leader in the electrical contracting industry, has been a partial ESOP since 2005 when the plan previously held a 47% stake in the company.
The Wilson Electric Employee Stock Ownership Plan (ESOP) now owns a 100% stake in the company
Read More at: https://www.wilsonelectric.net/
Employee Stock Ownership Plans or “ESOPs” are a viable tool for shareholders and companies to create smooth succession plans while enhancing employee productivity.
Menke & Associates, Inc. is the largest ESOP advisor in the country having created over 3,500 ESOPs in all 50 states, including Colorado, in our 45 year history. According to industry statistics, one of every four new ESOP is created by Menke & Associates.
