In 2021, Dan Puente, Founder and CEO of DP Electric, took a decisive step towards employee ownership by forming a partial Employee Stock Ownership Plan (ESOP), with 30% of the company owned by its employees. Now, the completion of this transition to 100% employee ownership is a testament to DP Electric’s commitment to its employees and the shared success of the company.

“Our team has always had an ownership mentality and family-oriented culture and this change in our ownership structure will take our team to the next level. So excited for the future ahead.” – Dan Puente, Founder & CEO

This evolution in ownership structure holds immense importance for DP Electric’s employees. By being fully employee-owned, each team member becomes a stakeholder in the company’s success, aligning their individual goals with the overarching success of DP Electric. This transition empowers employees economically and fosters a sense of pride and ownership in their work.

One of the key advantages of this move is its positive impact on employee retention. With a vested interest in the company’s performance, employees are more likely to stay committed and dedicated to DP Electric’s long-term objectives. This stability in the workforce contributes to the company’s continued growth and success.

Moreover, the shift to 100% employee ownership is anticipated to enhance company culture and morale. By creating a shared sense of responsibility and achievement, DP Electric aims to cultivate an environment where every team member feels valued and motivated. This inclusive approach fosters collaboration and innovation, driving the company towards even greater heights.

DP Electric’s leadership recognizes that a motivated and engaged workforce is essential for delivering exceptional service to clients. The company’s commitment to employee ownership reflects its belief in the power of a united team working towards common goals.