______________________________________________________________________________________________________________ Notch
hand man for the next fifteen years. In that time, four out of my six siblings joined Notch, and I became company President in 1997.
“ Today, we’ ve grown to cover all the southern New England region, serving Massachusetts, Connecticut, Rhode Island, and even southern New Hampshire and Vermont. We’ ve expanded our reach, but we’ ve stuck to
our industrial manufacturing roots.”
Succession plan
Notch’ s company ethos prioritizes employee and customer relationships. When discussing the future of the company, Steve shares that he wanted to put a plan in place to ensure that Notch will continue to thrive when the time comes for him and his siblings to retire; one that would provide a good outcome for both his team and his customers. After some consideration, Steve and his siblings decided on employee ownership – a strategic decision
that will maintain the legacy and integrity that Notch is recognized for.
“ In 2000, I, along with four of my siblings, worked out an agreement to buy the company from my father and we remained equal owners from that point onwards. However, we were all getting older, me being the oldest, and it raised the question of how we’ d go about stepping away from the business when the time came,” Steve reveals.“ We investigated all the different options, and an employee stock ownership plan( ESOP) was one of the top two we landed on. We did a preliminary feasibility study and made the call to go 100-percent ESOP. As one of my brothers said, we all came into this together, so it would be good to go out together in terms of ownership. We want to see Notch continue, in and of itself, not sold to a bigger company. We feel that we’ ve built something unique, and we’ d like to keep the company
BE
Crowley Inc, offers extensive inventory of pipe, valves and fittings in Carbon Steel, Stainless Steel, Copper, Thermoplastic and alloy steels. We also stock instrumentation, steam specialties along with Hydraulic and Pneumatic Components in our 25,000 Sq. ft. Warehouse.
www. becrowley. com 413.737.0263
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