Southwest Solutions Group Transitions to 100% Employee Ownership
Southwest Solutions Group® is changing for the better in 2017. Going forward, SSG will transition to 100% employee ownership through an employee stock ownership plan (ESOP).
According to the National Center for Employee Ownership, about 7,000 U.S. companies are partially or entirely owned by their employees. Employee-owned companies tend to grow faster, pay more, have better benefits, and are less likely to practice lay-offs or outsource work overseas than conventionally-owned businesses. Often, employee-owned companies have happier employees; in fact, these types of companies are frequently listed as some of the "Best Places to Work." 84% of employee-owned companies agree that employee ownership inspires motivation and productivity.
Employee ownership is the ideal succession plan for Southwest Solutions Group, agree former owners Ray Streight, Randy Brant, Troy Menchhofer, Rich Riemer, and Craig Crock. They are confident that the employee stock ownership plan will support the growth of Southwest Solutions Group's future goals while rewarding its hard-working and dedicated employees.
"The strength of Southwest Solutions Group is its people. The employee stock ownership plan preserves the company's positive culture, and assures that the company's continued success will directly benefit those doing the work. Employee ownership allows us to prove to all who come behind us that we are faithful to our SSG legacy," comments Streight on the new employee ownership plan.
Founded in 1969, the employees of Southwest Solutions Group are eager to continue the company's growth and collaborative environment and become more successful and competitive. The transition to an employee stock ownership plan was not only determined as the best course of actions for Southwest Solutions Group's employees, but for the satisfaction of its customers as well.
About Southwest Solutions Group
Southwest Solutions Group specializes in business efficiency systems to meet the specific storage space, informational, and productivity needs of all types of markets across the USA. Southwest Solutions Group is a full-service company that provides the best-in-class equipment, professional design, certified installation, and information management services. From helping you reduce your storage footprint to providing CJIS and HIPAA compliant document scanning services, we have a solution to help your business's efficiency. For more information or to speak with a specialist, call us at 1-800-803-1083 or send us a message today.
Interested in becoming part of an employee-owned company with a great culture? Click here to to visit our careers page.