Logo
Friday, 26 April 2024
Tuesday, 04 Aug 2020 05:00 am

Avion Solutions Announces Transition to 100% ESOP

Avion Solutions, Inc. has announced a 100% employee-owned company. This announcement of the sale to the Employee Stock Ownership Plan (ESOP) was made on July 31, 2020 to employee owners.

newsImage
 

Avion Solutions, Inc. is proud to announce it is now a 100% employee-owned company. This announcement of the sale to the Employee Stock Ownership Plan (ESOP) was made on July 31, 2020 to employee owners. 

"Since we became an ESOP company in 2007 our goal has always been to be a 100% employee-owned ESOP," said Chad Donald, President of Avion Solutions. "I'm proud of our employee owners who invest themselves in the success of our company by consistently providing extraordinary service in the communities we serve. This is an historic step for Avion Solutions, and I'm excited to see what the future brings."

As of 2020, the National Center for Employee Ownership (NCEO) estimates there are approximately 6,600 ESOPs in the United States covering over 14 million participants.


Avion Solutions, Inc. is an employee-owned innovative engineering and logistics solutions provider for complex military-grade projects. Headquartered in Huntsville, Alabama with a presence in multiple states across the U.S., Avion Solutions has provided solutions to Department of Defense customers and commercial clients since 1992. Our broad range of technical expertise includes engineering, logistics and technical services, data analysis, software development, small Unmanned Aircraft Systems (UAS) and drone services, and development of a full spectrum of training solutions ranging from on-site classroom training to interactive multimedia instruction (IMI) programs


Meeta Ramnani

Meeta develops credible content about various markets based on deep research, opinions from experts and inputs from industry leaders. As the managing editor at Smart Market News, she assures that every piece of news and article adds to the knowledge of decision makers. An avid bike rider, Meeta, is a postgraduate from Indian Institute of Journalism and New Media (IIJNM) Bangalore, where her specialization was Business Journalism. She carries experience from mainstream print media including The Times Group and Sakal Media Group.


Smarter Decisions with Smart News

Smart Market News is committed to getting its readers the latest updates and insights on industries that help in making “smarter” business decisions. With insights and inputs from corporate decision makers, we bring you the stories of adopting innovative solutions and strategies that have been changing the world. Our editorial insights on products, solutions, companies, and adoption of best practices not only help in understanding the markets better, but also prove to be a complete package for your information needs.

Subscribe to our newsletter
Get the latest in your inbox weekly Sign up for the fully charged newsletter
© The News and Media Division of The Insight Partners 2024 | All Rights Reserved | Privacy Policy