DSB+, a full-service flooring finishes contractor and flooring maintenance company, is proud to announce today that it is transforming the company into an employee-owned enterprise. Between the three owners, Si Baxley, Cory Preston, and Mike Patton, the company represents over 100 years of experience in all aspects of the commercial flooring business. And now, after years of incredible work by the entire staff at DSB+, the management team is creating an Employee Stock Ownership Program, or ESOP. Once each employee reaches their tenure with the company, they will receive stock options, making them each part owners of the company.
Messrs. Patton, Baxley, and Preston have seen tremendous growth of the company since the rebranding of the company in 2013, and they identified that one of the primary determinants of that growth has been the on-going effort and quality of their employees. While the executive team has been instrumental in guiding that growth, it is the employees who deliver and ensure client delight, on a day-by-day basis.
The executive team saw that they needed to honor the diligence and persistence shown by their teams, and that the best way to do that was to have the wealth of each employee increase with their contribution to the company. The best way to do this was to make each employee an owner in the company, via an ESOP program. Now, each vested employee’s net worth will continually reflect the added value they are bringing the company and its customers.