SRF Celebrates 100% Employee Ownership
October 26, 2017
SRF celebrated the transition to a 100% Employee Stock Ownership Plan (ESOP) this past week! This decision gives employees an increased financial interest in the success of SRF, making the positive bonds between employee-owners even stronger than they are today.
“I’m thrilled for our employees; adding this element to our culture reflects how our employees contribute in significant ways every day. The future couldn’t be brighter,” said Dave Montebello, SRF’s President/CEO.
As always, SRF’s goal is to provide clients with best-in-class, quality services. A significant portion of SRF’s business each year is with repeat clients, opportunities we receive because of the continued quality service our employees provide. Everyone’s efforts serving these clients make us successful, and we believe an ESOP puts us in the best position to continue this commitment to our valued clients. As a company, we are equally invested in the outcome of every project, deliverable, and client relationship.
This move to a 100% ESOP owned company also helps to ensure we continue with our tradition of being locally owned and that our employees continue to be the heart of SRF and remain at the center of what we do and why we do it. The true power of the transition comes from our employees and the culture they create – it’s a product of their work, dedication, and attitude that fosters a positive culture cultivated around collaboration, opportunity and positivity. It’s this strength and their commitment to our mission, values, and clients that are reflective of the success we’ve built and will serve as the foundation for our continued success.
Having our employees become stronger partners who directly benefit from our work is another way to set SRF apart from our competition, grant us long-term financial flexibility, and ensure a bright future. Data consistently shows that ESOPs outperform their non-employee owned peers and that company growth accelerates. An ESOP is an excellent way to assure the continuation of our best-in-class services, retain valued employees, and enhance SRF’s productivity and profitability. As SRF looks to the future, we keep an eye on the past to ensure that we uphold the SRF transition of quality and dedication.