Modern Technology Solutions, Inc. (MTSI) is proud to announce it is now officially 100% employee owned. The distinction represents the completion of an employee stock ownership plan (ESOP) initiated in 2008 for MTSI, an engineering services and technology solutions provider for the defense industry, intelligence community, and commercial markets.
MTSI has generated revenue gains every year since its inception in 1993. By establishing an ESOP, founders Phil Soucy and Tom McMahon sought to ensure a stable, independent foundation for the company that used its successes to reward its employees. Those efforts have paid off as the company boasts an employee retention rate over 93%, a recompete success record of 100% on customer contracts that have come up for renewal over the last three years, and numerous best places to work designations at locations throughout the country.
“MTSI’s talented and hardworking people have driven its continual growth over the last 24 years,” said Phil Soucy, MTSI Co-Founder and Chairman of the Board. “Transitioning to a full 100% ESOP provides the opportunity for all employees to participate in the company’s current and future success.”