Wright Tree Service is a subsidiary of Wright Service Corp., a family of companies, which has been a proud employee owned company since 2002 and a 100 percent employee owned company since 2006. Through shared ownership, Wright Tree Service’s employee stock ownership plan (ESOP) helps promote a positive, unique organizational culture and supports company success. The ESOP is also designed to assist our employees with their retirement and provide them with a financial stake in the company. For our customers and partners, we are empowered to provide exceptional service and innovation solutions. At all levels of the company, you’ll be working with an employee owner – individuals who are invested in the success of the company and the quality of service we deliver.
Wright Tree Service became employee owned because we care about our employees and their communities. The company’s founder, John L. Wright, passed Wright Tree Service on to his son, John R. Wright, in the early 1980s. When a second transition plan became necessary, John R. Wright wanted to share the success of the company with the employees. He had complete confidence in the future of the company in their hands when the decision was made to transition from a family owned company to employee owned. The ESOP enables employees to directly affect profitability and value, and see the results. Owning shares is a unique opportunity for employees to influence the value of their retirement or other savings. They have pride in the company and a vested interest in making sure the value of their account grows. The ESOP has also allowed the company to protect jobs and support the communities we work in.
What other companies operate as ESOPs in the U.S.?
The Wright Service Corp. family of companies is among thousands of other ESOP companies in the U.S. Check out the most recent announcement of the largest employee owned companies in the U.S. from the National Center of Employee Ownership. You’ll find us on the list!