Automation-X moves to employee-ownership model
FORT COLLINS — Power and instrumentation automation company Automation-X Inc. is now a 100% employee-owned company.
The firm, at the end of 2022, implemented an employee stock ownership plan, or ESOP.
“Our talented employees set us apart at Auto-X,” Auto-X board chairman Dan Schultejann said in a prepared statement. “We want our employees to think and act like owners, which will directly benefit from Auto-X’s continued success.”
SPONSORED CONTENT
The ESOP model, company leaders expect, will “enable Auto-X to recruit new talent while retaining experienced and dedicated employees,” Auto-X said in a news release.
Auto-X has been operating for 20 years and has 14 locations across Colorado, New Mexico, North Dakota, Texas, Oklahoma, Louisiana, West Virginia and Pennsylvania.
FORT COLLINS — Power and instrumentation automation company Automation-X Inc. is now a 100% employee-owned company.
The firm, at the end of 2022, implemented an employee stock ownership plan, or ESOP.
“Our talented employees set us apart at Auto-X,” Auto-X board chairman Dan Schultejann said in a prepared statement. “We want our employees to think and act like owners, which will directly benefit from Auto-X’s continued success.”
The ESOP model, company leaders expect, will “enable Auto-X to recruit new talent while retaining experienced and dedicated employees,” Auto-X said in a news release.
Auto-X has been operating for 20 years and has 14 locations across…
Related Posts
-
Enlitic Inc. (ASX:ENL), a health-care data analytics firm with operations in Fort Collins and Australia,…
-
Woodward Inc. (Nasdaq: WWD), a Fort Collins company that designs, manufactures and services energy-conversion and…
-
Encorp LLC, a privately held microgrid-controls manufacturer, has been awarded a $45.3 million energy-services contract…
-
Anthony’s Pizza & Pasta is opening a restaurant on Sept. 13 in Fort Collins.
