ORLANDO, FL, May 7, 2024 — QualityHub Inc is proud to announce they are now an employee-owned company. This announcement of the sale to the Employee Stock Ownership Plan & Trust (ESOP) was made to QualityHub employees at a meeting held at the company’s headquarters in Orlando, FL.
The QualityHub founders Tim and Cherie Wells are excited that the ESOP Business Model is becoming a reality for QualityHub, Inc.
“This business model creates a more sustainable business platform for our employees and partners,” said Tim Wells.
“As a global services firm, our hard-working, dedicated employees and partners are the lifeblood of QualityHub,” said Cherie Wells. “ This transition to an employee-owned company allows us to reward our employees for their dedication and commitment, many of whom have been with the company for many years and bring long term value to the company.”
“Our employees get to come to work knowing their impact is greater than it was before,” added Tim Wells. “There’s a daily impact that each employee plays a role in the success of the organization.”
An ESOP is an employee benefit plan, facilitated through a trust, which provides company stock to employees as part of their retirement benefits. As an ESOP owned company, QualityHub stock is now held in trust by the ESOP exclusively for the benefit of QualityHub employees.
“Our hard-working, dedicated employees are the lifeblood of QualityHub,” said Cherie Wells. “Transitioning to an employee-owned company allows us to reward our employees for their dedication and commitment.”
To learn more about QualityHub and our commitment to our network, discover the QualityHub Difference.