HALLAM-ICS
Year Founded: 1981
Year(s) of Employee Ownership Implementation: 2000-2015 (100% employee-owned!)
Headquartered in: South Burlington, VT
Additional Offices: Mansfield MA, Middletown CT, Malta NY, Apex NC,
Number of Employees: 107 employees
Line of Business: Engineering, Controls Integration, Commissioning and Safety Services.
Profile last updated: December 28th, 2020
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Hallam-ICS’ Vermont branch is located in South Burlington, with the mission of inspiring their engineers to create better facilities, plants, and campuses. Hallam-ICS has been an ESOP since 2000. Matt Reed, one of the employee owners at Hallam-ICS says:
“Being employee owned is more than a few extra letters on the company letterhead, or a talking point to clients, or a tax break for the company, and its more than an added retirement benefit for vested employees. None of these perks are what makes the company stronger. What actually makes our company stronger, during this difficult and uncertain time or any other, is our understanding of what it means to be employee owned.”
With the 100% employee-owned structure, Hallam-ICS’ employees get hands-on control of customer success, company profitability, and personal growth. By sharing in responsibilities and the resulting profits, their engineers are inspired and motivated to passionately engage in client projects.
Being an ESOP is as much a mentality as it is a plan. Each of us can see the importance of not only ourselves but every other peer, from the top to the bottom. We are a part of something bigger than ourselves and can all share in the successes of our hard work."
