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ESOP is a good idea, industry says

April 18, 2016Spencer Ives

YARMOUTH, Maine—Integration firms Tech Systems and Pro-Tec Design both implemented Employee Stock Ownership Plans in the last 12 months, and most respondents to Security Systems News' latest poll said that ESOP is a good plan, benefiting the owners and the employees.A majority of respondents, 57 percent, said that an ESOP strategy benefits all parties involved, the owners and the employees.Other exit strategy options are more profitable for business owners, 19 percent said. “I personally...

ESOP, Maximum Security, News Poll, Security Systems News (SSN), Steve Kaufer

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Pro-Tec has new owners, goes ESOP

February 24, 2016Martha Entwistle

MINNEAPOLIS—Tom Hagen, long-time president and owner of independent integration firm Pro-Tec Design, is the latest security executive to choose ESOP (employee stock ownership plan) as an exit strategy.As of Feb. 1, the company is now 100-percent employee-owned, Tim Ferrian, VP of sales and marketing and former SSN “20 under 40” award winner, told Security Systems News.“Day-to-day operations of the company don't change. We all still do what we did in January when the company...

ESOP, Eva Mach, Paul Dykema, Pro-Tec Design, Tim Ferrian, Tom Hagen

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