Mountainland Supply Company & Contractors Heating & Cooling Supply, Utah Based Companies, Sponsors Employee Ownership Through An ESOP
Orem, Utah August 1, 2018: Mountainland Supply Company & Contractors Heating & Cooling Supply formed an Employee Stock Ownership Plan (ESOP). This transaction strengthened Mountainland Supply and Contractors Supply position in the marketplace to support the growing demand of their intermountain customer base. The transaction includes a fully funded ESOP program for over 400 employees that currently occupy 20 locations throughout Utah and now Wyoming.
Mountainland Supply Company and Contractors Heating & Cooling Supply started business in 1947 as Provo Plumbing and Heating Supply, Inc. in the bustling postwar downtown of Provo, Utah.
Today, the company’s activities comprise the wholesale distribution of high-quality products from manufacturers for pipe, valves, fittings, plumbing and appliance supplies, heating and air conditioning, hydronics, radiant heating, waterworks, turf and agricultural irrigation, geo textiles, pump systems, and smart water and gas reading systems for our local cities.
Mountainland and Contractors continues to be an independently operated, and now employee owned, leader in the marketplace. Research has proven over and over that employee ownership builds successful, competitive companies, and creates equitable wealth for employees by offering better wages, benefits, and often twice the retirement income for employees than non-ESOP companies. With a strong culture of engaged employee-owners, a robust sales & marketing strategy, and forward-thinking vision, Mountainland and Contractors are poised for a bright and successful future.
For additional information, please visit mountainlandsupply.com or chcs-ut.com
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