September 30, 2016, marked a monumental day in the history of Shiel Sexton. We officially became 100% ESOP! And we sure are proud of it!
In 2012, Shiel Sexton took the first step in employee ownership by becoming 30% ESOP (Employee Stock Ownership Program). Our overall goal was to become 100% ESOP as quickly as possible so we could realize the full financial benefits of employee ownership.
What’s an ESOP? In short, an ESOP is a qualified employee retirement benefit plan that gives employees a stake in the company through stock allocation at no cost to the employee. It’s a way for employees to share financially in the wealth we create, no matter the job they hold. There’s a lot more detail that is involved in ESOP’s, but right now we are all about the celebration.
From this day forward, every Shiel Sexton employee you meet, work with or speak to is an owner of Shiel Sexton. As our clients, you will experience a level of commitment that we do not look at each of our responsibilities as tasks, but as a mark of our dedication to high quality and client satisfaction. We build for people who expect more, we employ people who expect more and now Shiel Sexton is owned by people who expect more.
As you drove by our jobsites and offices the past several weeks, you may have noticed the “We Own It!” banners proudly hung for display on fences, trailers, or even in the windows. We’re proud of what we’ve become and we’re excited to share the great news with our clients and people in our community. We commemorating this monumental event with photos from celebrations from that day at all of our job sites and offices. Check out this video link here!
The Messenger Newsletter | November 2016 | Shiel Sexton Carolinas