Brubaker Inc. Transitions to 100% Employee Ownership, Marking a Milestone in Company History
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Brubaker Inc. Transitions to 100% Employee Ownership, Marking a Milestone in Company History
Brubaker Inc., a trusted name in home service and commercial construction, proudly announces its transition to a 100% employee-owned company as of January 24, 2024.
FOR IMMEDIATE RELEASE
Brubaker Inc. Transitions to 100% Employee Ownership, Marking a Milestone in Company History
LANCASTER, PA - January 29, 2024 - Brubaker Inc., a trusted name in home service and commercial construction, proudly announces its transition to a 100% employee-owned company as of January 24, 2024. This significant milestone underscores the company's commitment to its workforce and the community it serves.
Founded in 1945 by Wayne Brubaker, the company has been a family-run business, with Wayne's sons, Donald Brubaker, Gerald Brubaker, and David Brubaker, taking ownership after his retirement. Over the years, Brubaker Inc. has expanded its services to include residential and commercial plumbing, electrical, and HVAC services. Additionally, the company offers appliance repair, operates an appliance retail location, and a kitchen and bath remodeling showroom. Collaborating with local general contractors, Brubaker provides design-build plumbing and HVAC mechanical services.
In January 2023, Brubaker Inc. welcomed Aimee Deraco as the CEO. Under her leadership, the company has undergone the Employee Stock Ownership Plan (ESOP) process, culminating in the remarkable achievement of becoming a 100% employee-owned enterprise.
Aimee Deraco, CEO of Brubaker Inc., expressed her gratitude and excitement about this transformative moment: "We have certainly dedicated ourselves to this process, working collaboratively with the owners, our partners and our team. I extend profound gratitude to the Brubaker family for the generous gift they have given to our team – we are incredibly excited and assure you that it will not go unappreciated. Positive growth is on the horizon, and well before finalizing the ESOP deal, our team has maintained its stability for 13 months without any turnover which is unheard of in our industry. The culture and enthusiasm within our team is energizing, and we are all looking forward to an exciting future."
The successful transition to a 100% employee-owned structure was facilitated with the assistance of Attorney Drake Nicholas from Barley Snyder, whose expertise was instrumental in navigating this process.
The 93 employee owners of Brubaker Inc. are thrilled about this new chapter and look forward to contributing to its continued success.
For media inquiries, please contact:
Aimee Deraco
CEO
717-299-564
Additional Info
Media Contact : Aimee Deraco CEO 717-299-564
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