DVL is an ESOP. An Employee Stock Ownership Plan (ESOP) is an employee benefit plan which makes the employees of a company owners of stock in that company. Several features make ESOPs unique as compared to other employee benefit plans. First, only an ESOP is required by law to invest primarily in the securities of the sponsoring employer. Second, an ESOP is unique among qualified employee benefit plans in its ability to borrow money. As a result, "leveraged ESOPs" may be used as a technique of corporate finance. (Source: www.ESOPAssociation.org)
A big thank you to our associates!
On Wednesday, Feb. 1, 2017, DVL Group held an awards ceremony to honor associates who have made outstanding contributions to the company in 2016. In addition, associates who have recently achieved milestone anniversaries with the company were recognized.
Learn more and view pictures.
In this short video, Joan Burton, a retired DVL employee, discusses what it has meant to her to be a member of DVL's ESOP, both before and after she retired.
DVL Group Associates: Have a question about the ESOP? Download our brochure or contact one of our committee members.
ESOP Communications Committee
Missions: Continual communication and education to our engaged owners on how our ESOP impacts company culture and sustainability to benefit our associates, customers and business partners.
Chair: Jim Boyle
Vice-Chair: Christy Magee
Secretary: Jodi Holland
"DVL was founded on hiring and growing great people, representing first class manufacturers and suppliers, and finding ways to add value to the products we sell to our valuable customers. After lots of investigation on how to both capture the economic value of the company and reward all the folks who enabled us to grow such a great business when it was sold, it became apparent that an ESOP served both purposes well. I believe an ESOP provides a great vehicle for financial growth of all our hard working associates, one that will continue to generate benefits long into the future."
- Mike Murphy
Chairman of the Board and former CEO