Vermeer Southeast Dealership Becomes an ESOP Company
Vermeer Southeast, a full-service construction equipment dealer with locations in Florida, Georgia and Alabama, is now 100 percent employee-owned through an employee stock ownership plan (ESOP).
Vermeer Southeast leadership will remain under the direction of former owners Kris Den Besten, Todd Versteeg and Jim Dees.
“For more than 50 years Vermeer Southeast employees have shown their commitment to serving and caring for our customers,” said Den Besten. “We are excited to take this step forward in establishing the ESOP structure, which will benefit our employees who work hard every day to take care of our customers.”
Research shows that an employee ownership structure creates a positive work environment as employees all work towards a common goal, Vermeer Southeast leaders said. In the upcoming months, Vermeer Southeast employees will learn more about the new ESOP structure.
“Our core values rooted in biblical principles will propel us forward as we continue working toward a common goal of providing excellent customer service and growing our company into the future,” said Den Besten.
Vermeer Southeast is a full-service dealer of Vermeer industrial equipment across Florida, Georgia and Alabama with 10 locations in the region.
Now 100 percent employee-owned, the Vermeer Southeast team supports customers in the tree care, landscape, wood waste, organic recycling and underground utility construction industries.
For more information on the company, visit their site here.
About the Author
Michael Roth
Editor
Michael Roth has covered the equipment rental industry full time for RER since 1989 and has served as the magazine’s editor in chief since 1994. He has nearly 30 years experience as a professional journalist. Roth has visited hundreds of rental centers and industry manufacturers, written hundreds of feature stories for RER and thousands of news stories for the magazine and its electronic newsletter RER Reports. Roth has interviewed leading executives for most of the industry’s largest rental companies and manufacturers as well as hundreds of smaller independent companies. He has visited with and reported on rental companies and manufacturers in Europe, Central America and Asia as well as Mexico, Canada and the United States. Roth was co-founder of RER Reports, the industry’s first weekly newsletter, which began as a fax newsletter in 1996, and later became an online newsletter. Roth has spoken at conventions sponsored by the American Rental Association, Associated Equipment Distributors, California Rental Association and other industry events and has spoken before industry groups in several countries. He lives and works in Los Angeles when he’s not traveling to cover industry events.