Episode #5: From Owners to ESOP

from More than a Machine · host Monte Erritt

Vermeer Southeast, a company founded in 1967, underwent a major transition of ownership when it decided to convert to an ESOP. In this podcast episode, the previous owners, Kris DenBesten and Todd Versteeg, discuss their journey and why they chose an ESOP. They share their experiences and insights, emphasizing the importance of preserving the company's culture and rewarding the hard work of employees. The decision to sell to an ESOP was a careful and thoughtful one, taking several years of planning and consideration. The owners recognized that an ESOP would not only provide financial benefits, but also ensure the continuation of the company's values and vision. The podcast explores the key factors that made Vermeer Southeast a strong candidate for an ESOP and highlights the success and growth they have seen since making the transition.

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This episode is 36 minutes long.

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This episode was published on February 3, 2024.

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