Legend Valve & Fitting announces sale to Employee Stock Option Plan
Legend Valve announced that it has completed the sale of the company to an Employee Stock Ownership Plan (ESOP). This strategic move reflects Legend's commitment to its employees and the belief in shared ownership as a critical driver of long-term success.
The ESOP transaction was officially closed on November 14, 2023, making Legend Valve & Fitting an employee-owned company. This decision was driven by the desire to align the employees' interests with the business's overall success, fostering a sense of shared responsibility and collaboration. Employee ownership complements our mission, core values, and unwavering focus on our astonishing customer service. As owners, Legend Valve & Fitting's employees will have the rare opportunity to share in the success of our company beyond essential employment. That means each employee-owner will have an even stronger commitment to serving you.