WASHINGTON, May 8, 2014 /PRNewswire-USNewswire/ -- Dakota Supply Group, an employee-owned company headquartered in Fargo, North Dakota, was named the 2014 ESOP Company of the Year by The ESOP Association. The award was presented at the Association's 37th Annual Conference in Washington, DC. The ESOP Association is the national trade association for companies with employee stock ownership plans (ESOPs) and the leading voice in America for employee ownership.
Since Dakota Supply Group's establishment in 1898, the company and employee owners have worked hard at making a name as a full-line distributor of electrical, plumbing, HVAC, refrigeration, communications, utility, automation, waterworks, filtration and metering technology products and systems. In 1996, the company became an ESOP, and in May 2006, Dakota Supply Group became 100% employee owned. Continually growing since 1898, the company has had 10 acquisitions since 1999 and Dakota Supply Group now numbers 595 employee owners and over $350 million in sales. For more information about the company: http://dakotasupplygroup.com.
Dakota Supply Group is a strong supporter of employee ownership and its employee owners strive to represent the company at both Chapter and National ESOP Association events. Employee owners are regular attendees at Minnesota/Dakotas Chapter meetings and enthusiastically participate on Chapter committees and as presenters at Chapter and National conferences. The company actively recruits "Dakotas" ESOP companies to join the Chapter and was a catalyst for changing the Chapter name to accurately represent North Dakota and South Dakota. Working to strengthen employee ownership in America, the employee owners of Dakota Supply Group meet with members of Congress and work to promote ESOP issues not only in their home state but on the national level as well.
"I'm delighted to present the employee owners of Dakota Supply Group with the 2014 ESOP Company of the Year Award," said ESOP Association President, J. Michael Keeling. "The employee owners integrate the ESOP into all they do at the company and also endeavor to share that ESOP spirit with the community. Dakota Supply Group is an example of the value and potential that employee ownership can bring to a company."
The ESOP Association is the national trade association for companies with employee stock ownership plans (ESOPs) and the leading voice in America for employee ownership. The core cause of The ESOP Association is the belief that employee ownership will improve American competitiveness, increase productivity through greater employee participation, and strengthen our free enterprise economy. More information: website - www.esopassociation.org and blog – www.esopassociationblog.org.
SOURCE The ESOP Association