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How Cyl-Tec Fueled a Lasting Legacy with an ESOP

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Tom Bennett of Cyl-Tec. Click here to play video.
October 18, 2022 | Business Strategy, Esop Advisory
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  • esop
Tom Bennett of Cyl-Tec
Tom Bennett of Cyl-Tec
October 18, 2022 | Business Strategy, Esop Advisory

As with many family-owned business, Cyl-Tec prides itself on caring for its employees. So when the time came to decide on a succession plan, the Aurora, Illinois-based provider of compressed gas cylinders and cryogenic vessels decided that leaving the business to an employee stock ownership plan, or ESOP, would be the ultimate reward and a way to build on its legacy.

 

Watch the video to find out why Cyl-Tec CEO Tom Bennett believes more companies should go the ESOP route.

Read more

As with many family-owned business, Cyl-Tec prides itself on caring for its employees. So when the time came to decide on a succession plan, the Aurora, Illinois-based provider of compressed gas cylinders and cryogenic vessels decided that leaving the business to an employee stock ownership plan, or ESOP, would be the ultimate reward and a way to build on its legacy.

 

Watch the video to find out why Cyl-Tec CEO Tom Bennett believes more companies should go the ESOP route.

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Jan 99, 2099 | Primary Category, Secondary Category
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