September 26, 2011

The Will-Burt Company Celebrates its 25th Anniversary as an Employee Owned Company

For additional information, contact:
Angie Lamielle, Senior Marketing Associate
330-684-4002
alamielle@willburt.com

For Immediate Release:

Monday, June 06, 2011

The Will-Burt Company is celebrating its 25th year as an Employee Owned Company. Will-Burt employees have been participating in the Employee Stock Ownership Program (ESOP) since its inception on December 31, 1985. Will-Burt will be holding a celebration for its employees and retirees on June 16, 2011 with a special recognition for over 60 employees who have participated in the ESOP for all 25 years.

A short history of the Will-Burt Company since becoming an ESOP…

1990’s – The Night Scan line of emergency light towers begins to set the standard in vehicle-mounted emergency lighting. Contract manufacturing work for Caterpillar and Volvo begins to steadily increase in addition to contracts with Gerlach and Phoenix Mold & Die. Will-Burt receives the ISO 9001 designation for quality in 1994. A 140,000 square foot expansion is added to the 401 Collins Blvd. plant in Orrville. Operations and equipment from the South Main Street and West Pine Street plants were consolidated in the new facilities at the Industrial Park, Plant 2000. The South Main Street plant is sold to Rite-Aid. The plant next to the Orrville Chamber of Commerce is sold to Brown Furniture. Dennis Donahue becomes president. Will-Burt begins turnkey manufacturing of safes, vault doors, teller drawers and weapons cabinets for Mosler Securities. The company acquires Accurate Electronics of North Ridgeville, Ohio. The acquisition provides the production of printed circuit boards for turnkey security sales, in addition to a line of dockside power pedestals.

Late 90’s / Early 2000’s – Jeffrey Evans is named president. Tri-Ex Tower Corporation is purchased, which includes the mechanical screw-drive mast. Mosler Securities goes bankrupt, with Diebold Corporation purchasing their assets. Will-Burt begins manufacturing GSA and bank products for Diebold Corporation. Will-Burt is awarded with the State of Ohio Governor’s Exporter of the Year in 2004.

2007 – The Will-Burt Company purchases Antenna Mast Incorporated to expand its line of telescoping masts. These portable tri-pod masts can be deployed by a single user. Will-Burt expands globally, setting up operations in the UK and Singapore.

2008 – The Will-Burt Company celebrates its 90th Anniversary.

2010 – The Will-Burt Company acquires Integrated Tower Systems of Tulsa, Oklahoma adding mobile tower trailers to its portfolio of payload elevation solutions. Later in 2010, Will-Burt acquires Alkan Shelter, LLC, marking its entry into the shelter industry with a leading-edge, all composite line of products. The company moves operations from Fairbanks, Alaska to a newly-established facility in Orrville, Ohio.

The Will-Burt Company, located in Orrville, Ohio, is an employee-owned company that manufactures pneumatic and mechanical telescoping masts and towers for industries such as fire and rescue, military, cellular, broadcast and other specific custom applications with an ISO 9001:2008 certified quality system. Will-Burt capabilities include integration of its masts to military vehicles and design and manufacture of military and other shelters made of all-composite materials.

Click here to read the original Press Release

Share this article:
LinkedIn
Twitter
Facebook
WhatsApp

Learn why an ESOP is better for You,
your Business, and your Employees

Upcoming Web Seminar:

As we move into 2025, businesses are navigating a dynamic economic landscape marked by evolving tax policies, rising employee expectations, and the need for sustainable growth strategies. Whether your goal is reducing corporate taxes, creating liquidity for retiring shareholders, or retaining top talent with competitive benefits, Employee Stock Ownership Plans (ESOPs) offer a proven pathway to success.

This engaging 90-minute webinar will highlight how ESOPs can empower businesses to thrive in 2025 and beyond, providing insights tailored to this year’s unique challenges and opportunities.

What You'll Learn

    • What is an ESOP? A comprehensive overview of how ESOPs work and the transformative benefits they offer to companies and employees.
    • Solutions for 2025’s Challenges: Strategies to tackle rising labor costs, preserve cash flow, and leverage ESOP tax advantages to build resilience.
    • Tax Benefits for Owners & Companies: Explore ways ESOPs minimize taxes while boosting after-tax returns for selling shareholders.
    • Attract & Retain Talent: Understand how ESOPs foster employee loyalty, enhance productivity, and drive long-term growth.
    • Valuation & Financing Insights: Learn how ESOP valuations are conducted and discover flexible financing structures that support your business goals.

Why 2025 is the Year to Explore ESOPs

With increasing focus on equitable business practices, tax-efficient growth, and employee empowerment, ESOPs have never been more relevant. Research shows that ESOP-owned companies consistently outperform their peers in growth, profitability, and employee satisfaction—key factors in staying competitive in today’s economy.

This webinar is ideal for business owners, CFOs, HR leaders, and advisors seeking actionable strategies to adapt and succeed in 2025’s evolving marketplace.This engaging 90-minute webinar will highlight how ESOPs can empower businesses to thrive in 2025 and beyond, providing insights tailored to this year’s unique challenges and opportunities.

Reserve Your Spot Today

Don’t miss this opportunity to discover how ESOPs can align your business goals with the needs of employees and stakeholders.

10:00AM – 11:30AM PT
11:00AM – 12:30PM MT
12:00PM – 1:30PM CT
1:00PM – 2:30PM ET

READY FOR AN ESOP NOW?

Interested in finding out how an ESOP could work for your company?

For a free preliminary analysis, just fill out our ESOP Feasibility Questionnaire.

Related Articles