Steiker, Greenapple & Fusco congratulates Heritage Aviation on the transition of the company’s ownership to its employees via the formation of an Employee Stock Ownership Plan (ESOP).
Heritage Aviation is a Burlington, VT based diversified aviation services company that provides aircraft maintenance, avionics and FBO (fixed base operator) services. FBO services include 24/7 ground handling, fueling, deicing, and related aircraft support capabilities.
Company owner Robert Stiller commented, “I have seen that employees get more motivated when they have an ownership interest in the business. They can make more money than just working for the business because they get not only their wages, but also a part of the growth of equity. They also become more engaged. So, philosophically, I am very inclined to sell to the ESOP because of what it can do for the business and also because of what it can do for the people.”
Visit flyheritage.com to read the full press release.