ESL Power Systems, Inc. Becomes 100% Employee-Owned Through Employee Stock Ownership Plan (ESOP)
August 2019: ESL Power Systems, Inc. has completed a transaction to become 100% employee-owned through its Employee Stock Ownership Plan (ESOP). Since its inception in the early 1990’s, ESL Power Systems has emerged as an innovative leader in the design and manufacturing of safety-interlocked electrical solutions. The Company has been owned and managed by Michael Hellmers and David Hellmers, with Douglas Roy, Carlos Valero, Pete Mehalechko, John Chaney, Jaime Hatzfeld, and Tom Zinchuk rounding out the management team. Read more about our transition here.