25
Jan
New Bedford, Mass. – IMTRA, the leading manufacturer and importer of quality solutions and products for the marine, energy and transportation markets, announced today it has sold 100% ownership rights of the company to its employees through an Employee Stock Ownership Plan (ESOP). Making a compelling alternative to other sale events such as private equity or strategic sale, ESOPs allow the leadership team to stay in place while providing a competitive return for the shareholders without the potential challenges that often come with a change in control of a closely held business. The two members of the management team that were…