How Cyl-Tec Fueled a Lasting Legacy with an ESOP

Tom Bennett of Cyl-Tec

Keywords: esop


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.