As part of an ongoing commitment to foster growth and promote longevity, Oates Associates employees are now employee-owners through an Employee Stock Ownership Plan (ESOP). The transition to a 100% employee-owned firm aligns employees with the long-term success of the firm.
Through the ESOP, Oates Associates, a civil and structural engineering and surveying firm serving the Midwest, is recognizing employees and their longstanding commitment to the firm. Oates Associates boasts engineers and administrative staff that have been with the firm since the 1980s and 1990s with many additions along the way. With the ESOP, longevity is rewarded and the employees are the pillars of success. With the transition to employee ownership, Oates Associates is looking forward to a future where current and future employees can participate in the collective journey toward lasting stability and continued success.
“The transition of ownership from a small group to an ESOP has given employees a unique opportunity to build their future together. We want to provide an environment that fosters employee engagement along with personal and professional growth – and translate that into a shared success,” said Jeffrey Rensing, PE, SE, chief executive officer of Oates Associates.
Oates Associates is among 6,500 companies nationwide to operate under an ESOP, according to the National Center for Employee Ownership. An ESOP is a wealth building opportunity and retirement benefit plan that allows employees to share in the financial success of their company.
Oates Associates is proud to be 100% employee owned. As an engineering and surveying firm with offices in Collinsville and Belleville, Illinois and St. Louis and St. Charles, Missouri, the team is focused on enhancing the local community. Specifically, this includes through transportation and traffic planning and engineering, ADA transition planning, stormwater management, site design, building and bridge structural design and inspections, surveying and drone operations. For more information, visit www.oatesassociates.com or call 618.345.2200.
