Pluss Corporation, a leading producer and provider of resource management software for Repair Shops and Dealers in the Truck, Heavy-Equipment and Emergency Equipment Market, is thrilled to announce that it is now an employee-owned company. Through the purchase of shares previously held by the founding members of the company, 100% of Pluss Corporation is now held in an employee stock ownership plan.
Employee ownership became an obvious choice when the founder of the company decided he was ready to step out of his ownership role. By that time, Pluss Corporation had already long enjoyed a thriving company culture, and shared set of values. With its highly collaborative, creative, and beneficial work environment, alongside an innovative outlook on the technology the company produces, exceptional customer service, and an unwavering commitment to ethical business practices, the idea to pursue an ESOP (employee stock ownership plan) was a perfect fit.
“Few people are aware of this option,” says Greg Iverson, CEO of Pluss Corporation. “But, it creates a win-win situation for owners and employees. The outgoing owner gets a fair price for their business and the employees get to own a piece of the rock.”
However, beyond just giving the company’s seller a good price, Greg asserts that one of the primary benefits of an employee driven acquisition is that it, “genuinely rewards employees for a lifetime of hard work.” He goes on to explain that an acquisition by a company’s employees provides strong incentive for employees to stay on board, offering, “A rewarding financial experience for their committed efforts over the years to come.”
Because employee-owned companies generally enjoy a higher rate of talent retention and employee satisfaction, ESOPs typically provide a better experience for the customer, as well.