Vermeer Southeast, a full-service construction equipment dealer with locations in Florida, Georgia and Alabama, announced that it is now 100 percent employee-owned through an employee stock ownership plan (ESOP).
Vermeer Southeast leadership will remain under the direction of former owners Kris Den Besten, Todd VerSteeg and Jim Dees.
“For more than 50 years Vermeer Southeast employees have shown their commitment to serving and caring for our customers,” said Den Besten. “We are excited to take this step forward in establishing the ESOP structure, which will benefit our employees who work hard every day to take care of our customers.”
Research shows that an employee ownership structure creates a positive work environment as employees all work toward a common goal. In the upcoming months, Vermeer Southeast employees will learn more about the new ESOP structure, noted the company.