Member Announcement - Wilson Electric 100% Employee Owned
Tempe, AZ, May 21, 2019 – Wilson Electric Services Corp. is proud to announce that the company’s ESOP (Employee Stock Ownership Plan) has purchased the balance of the company shares, making it 100% employee-owned. Wilson Electric, a leader in the electrical contracting industry, has been a partial ESOP since 2005, with employees owning 47% of the company’s overall shares. On May 21, 2019 Wilson Electric, celebrated becoming 100% employee-owned.
“Being 100% employee-owned is a huge milestone for Wilson Electric,” explains Wes McClure, the company’s CEO. “It reinforces our long-term commitment to preserving our culture and values as we continue to grow as an organization. We have an opportunity to write the next chapter of this incredible story and we are truly excited about that. Ownership empowers and deeply connects the employees to the success of this organization. It’s just one more way to show that we are all in this together,” states Wes McClure.
This business model allows employees to perform at their highest levels, empowers individuals to create change within the organization and holds employees accountable for making the right decisions. The ESOP is a great way to recognize the dedication of each employee-owner, many who have been with the company for 15+ years, with a superior retirement benefit.
About Wilson Electric Services Corp
Founded in 1968, the company has been serving the industry for 51 years with offices in Arizona, New Mexico and Utah. One of the Southwest’s largest design/build electrical contractors specializing in new construction and renovations for both public and private sectors, the company serves a wide range of markets. Wilson Electric delivers power and possibilities to clients of all sizes, from the smallest service call to the largest complete electrical and special systems projects.
Lisa McFate, Marketing Manager
Wilson Electric Services Corp