Babcock Laboratories is 100% Employee Owned
Employee stock ownership (ESOP) Benefits
In December of 2014, Babcock Laboratories became 100% employee-owned via the selling of the company to its staff through an Employee Stock Ownership Plan (ESOP). The ESOP, which is a type of employee benefit plan, means employees have stock in the company. This, in turn, gives our staff greater incentive to provide our clients with exceptional analytical testing services. Essentially, by investing in the quality of the work we provide, each of us here at Babcock Labs is investing in our future and the futures of our fellow coworkers. It’s a win for our clients and it’s a win for our team. Additionally, it’s a win for our community because employee ownership and our ability to stay independent from multi-national network labs keeps revenue local, as our business and employees invest their earnings back into the local economy.
Proud to be employee owned
We are a family of 85 employee owners who endeavor to safeguard public health and the environment by consistently delivering analytical expertise. We are proud to be employee owned and one of the ways we celebrate our employee-owned status is by participating in ESOP Month.
For over 20 years, the Employee Stock Ownership Plan (ESOP) Association and its member companies across the nation have celebrated Employee Ownership Month every October. The purpose of ESOP Month is to engage and educate employees in their company ownership. Each October our employee owners kick off the month with a company breakfast where staff have the opportunity to share a meal together and hear about the month’s festivities. Festivities typically include puzzles, games, a logo contest, an ice cream social, and a Closing Ceremony Potluck. It is always a fun time and serves as a reminder that our transition to an ESOP has allowed us to invest in our own futures and double down on our commitment to our clients.