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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