SEI Employee-Stock Ownership Plan
March 28, 2023
SEI proudly announces the implementation of an Employee Stock Ownership Plan. SEI’s ESOP is an exciting new and additional benefit for employees throughout SEI’s footprint in Pennsylvania , New York , and Maryland . SEI was founded in 1957 and celebrates over 65 years in business.
“Adding an ESOP benefit plan for our employees will have a profoundly positive effect. Our employees support our customers, and they are the most important part of Stephenson Equipment. The new ESOP plan will allow our employees to participate and contribute meaningfully to the next chapter of growth in our history. In turn, they will enjoy the rewards of that growth with a very impactful new retirement benefit.” Charlie Walsh, President.
SEI’s new ESOP plan will also have a positive impact on our customers and communities through a greater desire to be successful, curate solutions, strengthen relationships, and attain new goals together. The ESOP will aide in creating an ongoing positive company culture, foster a collaborative work environment, and motivate employees to provide the best customer service through work ethic, honesty, and doing what’s right; SEI’s core values.
Stephenson Equipment has been a leading equipment distributor for Cranes, Construction Equipment, and Public Works equipment in the Northeast and Mid-Atlantic operating 12 locations in PA and NY
with an additional service center in Maryland.
