Cee Kay Supply’s 135 employees now own 49% of the company.
The family-owned independent distributor for industrial gases, welding equipment and dry ice on Wednesday (13th July) shared the news as part of its Employee Stock Ownership Plan (ESOP).
To assist in the transaction Cee Kay Supply engaged Prairie Capital Advisors as the financial advisor and Polsinelli law firm to assist in closing the transaction. The company has also appointed an independent ESOP trustee.
Commenting on the move, Tom Dunn, past CEO and Owner stated, “The employees have always been at the centre of growth and success for Cee Kay Supply.”
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