Employee Stock Ownership Program
Superior Environmental Corp. (Superior), a leading environmental consulting, engineering, and construction related services solutions company, based in the Grand Rapids, Michigan area, announced that the firm is now 100% employee owned through its Employee Stock Ownership Plan (ESOP) Trust. This announcement marks the purchase of all outstanding shares from the founding shareholders, Vaughn Quince and James Quince.
Superior was founded in 1989 as an environmental consulting business and was established to meet the demand for quality environmental services at a time when new environmental regulations were emerging. The founders took their experience from the environmental remediation and consulting engineering services industries and created a company that provided a blend of assessment and remediation services to meet customer needs. This strategy to manage entire projects and provide innovative solutions still guides the service we provide today.
Superior established an Employee Stock Ownership Plan in 2004 with the intent of transferring ownership of the organization from the founders to its employees. At that time 10% of the company was purchased by the ESOP. The recent transaction puts all outstanding stock into the ESOP Trust and will increase stock ownership of existing ESOP participants and allows for additional stock gains for employees in the future. “This is an exciting time for Superior’s employee-owners. Each employee has the power to make decisions every day that will have a direct financial impact on themselves personally,” said Brian Miller, President and CEO.
Today, Superior has offices and staff in multiple states serving the Great Lakes Region and the East Coast. In keeping with our founding vision, we provide Superior full-service environmental consulting, environmental engineering, and construction management services to a broad spectrum of both public and private clients.
Contact us today for any of your environmental service needs – we are solutions oriented!