In a statement provided exclusively to Golf Course Industry, the company said: “Harrell’s, LLC is proud to announce the formation of the Harrell’s Employee Stock Ownership Plan. As of September 30, 2016, Harrell’s ESOP has been vested as the sole owner of Harrell’s, LLC. The Harrell and Schermerhorn families are confident that the Harrell’s ESOP will be the catalyst for sustained growth, heightened employee morale, and provide the foundation for the future of the company.”

The company said the decision to form the ESOP was based on their longstanding core belief that its employees are its greatest asset.

More at: Harrell’s becomes employee-owned – Golf Course Industry