HAYWARD, Calif. – Arborwell Inc., a tree management company, transitioned to employee ownership by becoming a 100 percent employee stock ownership plan (ESOP) trust. The tree care company’s 200 employees have become beneficial owners through ESOP.
Peter Sortwell, founder of Arborwell, views this as a natural step consistent with their recognition of the contributions of each employee in the success of the company and his desire to share the rewards of that success.
“I acquired a very small residential operation in 2001, and in the years since, our employees have been instrumental in driving not only tremendous growth, but exceptional professionalism,” Sortwell said. “From a handful of residential accounts, Arborwell now serves many of the most recognizable commercial and multifamily property management companies throughout California and Washington State.”
Sortwell said he discovered an ESOP would be the best choice for ownership transition while allowing employees to retain their current roles and responsibilities.
Andy LaVelle, president of Arborwell, said the ESOP puts Arborwell in a good position to continue the company’s long-term commitment to their clients.
“Data consistently shows that ESOPs outperform their non-employee owned peers and that company growth accelerates,” he said. “The ESOP structure also encourages strong employee retention, which in turn improves our customer service, ultimately benefiting our clients.”