LabRepCo, LLC is excited to announce that it is now an ESOP (Employee Stock Ownership Plan), with 100% of the company’s stock being sold to its 51 employees.
This transaction gives employees a financial interest in the success of the business, making the positive bonds between LabRepCo teammates, business partners and customers even stronger. The move towards an ESOP represents a very tangible way to reward those who have played, and will continue to play a critical role in LabRepCo’s success.
During the announcement of the ESOP to employees, the Company’s CEO – Richard Dougherty – explained, “I’ve always thought of LabRepCo as a family. By transitioning to an ESOP, now all of our team members will share in the success of the organization. We are excited for our future and what this will mean for our team members and our customers.”
On behalf of the 51 employee owners here at LabRepCo, we look forward to providing you with the very best laboratory equipment, support and service available.