Popular on Rezul
- Amid Controversy with The Weeknd/Playboi Carti and Buzz Surrounding His Upcoming Project, Darrin Jones Drops Soulful New Single "Under Control"
- For Saving Home Services Inc: Easy-Approval HVAC Financing in Toronto for Affordable Furnace
- Rainbow Property Maintenance Launches Cost-Effective, High-Quality Medical Cleaning Services
- New Book Further Unravels the Myth of a "Chemical Imbalance" Causing Depression
- ®Grammy Award Winner Alex Cuba releases new single "El Día Más Triste"
- Steve Nosrat Joins The Mogharebi Group to Lead Las Vegas Office
- First-Time Homebuyers Face Challenges as Starter Homes Disappear in 2025
- Titan Pressure Washing Selected a 2024 Nextdoor Neighborhood Faves for Best Pressure Washing Service
- LAIIER Closes Oversubscribed US$4M Seed Extension Funding Round, Led by Closed Loop Partners
- Country Creek Condominium Chooses Corner Property to Manage its Picturesque Residential Community
Similar on Rezul
- MSM Advisors CPAs and Small Business Advisors Recognized as 'Among the Best of Gwinnett' in 2024
- AAGLA Signs With CredHub to Help Owners Comply with New Rent Reporting Requirements
- Hardwood or Tile? A Homeowner's Guide to Choosing the Right Flooring
- Super Locksmith In Tampa Florida
- Super Locksmith Saint Petersburg
- Evolution of an Outdoor Essential
- Aterna AI Introduces Automated Investing Software for Entrepreneurs Focused on Reliable Growth
- Global Digital Currency & Wealth Management Leader; Breakout 388% FY2025 Revenue Growth Over $19.7 Million: Metalpha Technology (Stock Symbol: MATH)
- Talent Concierge® Artists Agency and The Big Talk® Announce Game-Changing Partnership Challenging Status Quo in the Meetings Industry
- FlyBright Pilot Academy Partners with Allegiant Air to Address the Pilot Shortage
Matrix HG Works with The Menke Group to Adopt the Employee Ownership Model with an Employee Stock Ownership Plan (ESOP)
Rezul News/10663775
SAN MATEO, Calif. - Rezul -- The Menke Group, a leading full-service ESOP provider, announced that Matrix HG, a Concord-based innovator serving the San Francisco Bay Area with commercial HVAC systems, has become 100 percent employee-owned with the help of The Menke Group. The Menke Group will assist Matrix HG to extend ownership of the company to their employees by way of an Employee Stock Ownership Plan (ESOP).
ESOPs are the most commonly-used forms of employee ownership in the United States, according to the National Center for Employee Ownership. An ESOP lets companies offer an attractive employee benefit to workers and is often used by company owners or shareholders who wish to build a robust succession plan for their business in order to remain independent and continue to conduct "business as usual." In addition to helping create financial security for employees, an ESOP is designed to encourage and reward increased employee productivity and efficiency.
More on Rezul News
"We have found that a 5 or 10 percent increase in individual employee productivity can result in increasing company profitability by 50 percent or more," said Trevor Gilmore, CEO of The Menke Group. "The ESOP creates a direct link between employee productivity and employee benefits and nurtures a collaborative culture where the employee-owners and the bottom line can thrive."
ESOPs work particularly well in companies where human capital is a key component of success. An ESOP rewards and retains staff in a remarkably efficient manner, allowing for a well-executed succession strategy.
"From our inception, our philosophy has been to build the people because it's the people who build the business," said Art Hoover, Founder and CEO of Matrix HG. "An ESOP provides a great retirement benefit and recognition for our hard-working employee-owners. And, an ESOP has the added benefit of reassuring our current and future customers that there is a business succession plan in place at Matrix HG so that we will continue to operate for many years to come."
Matrix HG, a leading HVAC and building solutions provider based in Concord, California is recognized as a trusted industry leader in their field and employs talented professionals who average more than 30 years of skilled experience. The company has been operating for more than 21 years, effectively executing rapid response solutions for over 35,000+ jobs to support commercial clients throughout the Greater San Francisco Bay Area.
More on Rezul News
"Art and I believe in measuring success through building strong relationships, with our customers and with our team," said Dan Greeson, Founder and COO of Matrix HG. "We're committed to our skilled and talented employee-owners, and we want to thank the Menke Group for their excellent advice and counsel in structuring and launching our ESOP."
About The Menke Group
The Menke Group is America's largest and oldest ESOP advisor, with more than 50 years of experience creating and administering ESOPs. Menke has helped more than 4,000 companies become employee-owned and has designed and installed ESOPs all over the United States, serving companies with as few as ten employees and as many as 15,000 employees. The Menke Group was founded in 1974 by John Menke who co-authored the landmark federal ESOP legislation which subsequently spawned the industry. Visit The Menke Group at www.menke.com for more information.
ESOPs are the most commonly-used forms of employee ownership in the United States, according to the National Center for Employee Ownership. An ESOP lets companies offer an attractive employee benefit to workers and is often used by company owners or shareholders who wish to build a robust succession plan for their business in order to remain independent and continue to conduct "business as usual." In addition to helping create financial security for employees, an ESOP is designed to encourage and reward increased employee productivity and efficiency.
More on Rezul News
- New Estate Agency Set To Shake Up Gosforth Property Market
- Winter Weather Woes? Triple Diamond Construction Offers Free Roof Assessments for OKC Homeowners
- Lennar opens a new model home at TrailMark
- Unlock the Hidden Power of Dreams in The Lucid War Chronicles
- AAGLA Signs With CredHub to Help Owners Comply with New Rent Reporting Requirements
"We have found that a 5 or 10 percent increase in individual employee productivity can result in increasing company profitability by 50 percent or more," said Trevor Gilmore, CEO of The Menke Group. "The ESOP creates a direct link between employee productivity and employee benefits and nurtures a collaborative culture where the employee-owners and the bottom line can thrive."
ESOPs work particularly well in companies where human capital is a key component of success. An ESOP rewards and retains staff in a remarkably efficient manner, allowing for a well-executed succession strategy.
"From our inception, our philosophy has been to build the people because it's the people who build the business," said Art Hoover, Founder and CEO of Matrix HG. "An ESOP provides a great retirement benefit and recognition for our hard-working employee-owners. And, an ESOP has the added benefit of reassuring our current and future customers that there is a business succession plan in place at Matrix HG so that we will continue to operate for many years to come."
Matrix HG, a leading HVAC and building solutions provider based in Concord, California is recognized as a trusted industry leader in their field and employs talented professionals who average more than 30 years of skilled experience. The company has been operating for more than 21 years, effectively executing rapid response solutions for over 35,000+ jobs to support commercial clients throughout the Greater San Francisco Bay Area.
More on Rezul News
- Hardwood or Tile? A Homeowner's Guide to Choosing the Right Flooring
- Explore the "Magic of Rainbows" in the New Children's Book Series "Mila and Ally's STEMventures
- Integrity Storage Group Appoints Greg Head as Chairman of the Board
- Victoria Crossing Welcomes Corner Property Management as New Partner in Community Excellence
- Relentless 2800 Challenge: A 40-Day Team Fitness Journey Launching for Lent 2025
"Art and I believe in measuring success through building strong relationships, with our customers and with our team," said Dan Greeson, Founder and COO of Matrix HG. "We're committed to our skilled and talented employee-owners, and we want to thank the Menke Group for their excellent advice and counsel in structuring and launching our ESOP."
About The Menke Group
The Menke Group is America's largest and oldest ESOP advisor, with more than 50 years of experience creating and administering ESOPs. Menke has helped more than 4,000 companies become employee-owned and has designed and installed ESOPs all over the United States, serving companies with as few as ten employees and as many as 15,000 employees. The Menke Group was founded in 1974 by John Menke who co-authored the landmark federal ESOP legislation which subsequently spawned the industry. Visit The Menke Group at www.menke.com for more information.
Source: The Menke Group
Filed Under: Construction, Business
0 Comments
Latest on Rezul News
- Popular Senior Housing Series Continues
- RNGD Opens New Headquarters Campus, Connecting Construction Operations, Manufacturing Operations and Training Center
- Cura HR's CEO, Lyssa Hansard, Featured in Forbes: Driving Meaningful Change in Pay Equity
- Zezgo Rent A Car has arrived In Cyprus to Improve Car Rental Options
- Meredith Thomas Returns as Master of Ceremonies for International Women's Day Gala for 2025
- Kim Estes Returns as Master of Ceremonies for International Women's Day Gala for 2025
- Fire and Rescue Statistics Highlight Ongoing Fire Risks in UK Homes
- Andre Kay Honored with Black Excellence Award by the Florida Panthers
- Wide range of dental care products at upto 40% discounted prices | DentistryDeal.com
- NaturismRE, ANF, and GNA Stand United for Naturist Rights in Australia – A Call for Global Support
- RE/MAX Evergreen Welcomes New Brokers Joaquin and Rebecca Robideau
- Volante of Hanover Expands with the Opening of Its Second Building, Introduces Assisted Living Services
- Summerwoods Parrish Florida - Community Open House on Sunday, February 16th from 12-2 PM
- Talent Concierge® Artists Agency and The Big Talk® Announce Game-Changing Partnership Challenging Status Quo in the Meetings Industry
- FlyBright Pilot Academy Partners with Allegiant Air to Address the Pilot Shortage
- Spacious 5-Bedroom Home on 3 Acres in Locust Grove, GA – Open House This Sunday
- BEPeterson Building Engineering Partnerships
- WonderDays: The Startup Disrupting the UK Gifting Industry
- Minnesota Real Estate Agent Promotes New Target Marketing
- RE1 Advisor Expands Services to Texas