Marquis® is pleased to announce they are now 100% employee-owned. In December Marquis®, a subsidiary of Wexco Inc., purchased the remaining shares from the previous shareholders.
“This is an exciting time to be working at Marquis®, says John Schrenk President & CEO of Marquis®. Our company is performing well and as a result we were able to achieve this major milestone.”
Marquis®, an Employee Stock Ownership Program or ESOP Company, had previously owned 70% of the company’s shares. This is the first time they have been able to purchase new shares to redistribute to employee-owners.
“Our most valuable asset is our people. Now that we are 100% employee-owned all of the benefits from our growth will directly impact our employee owners, said Schrenk.”