Employee Ownership Facts
- There are approximately 10,000 ESOPs in place in the U.S., covering 10 million employees
- Total assets owned by U.S. ESOPs are estimated to be $869 billion
- The Economic Performance Survey conducted by the Employee Ownership Foundation in 2014 found that:70% indicated revenue increased; 30% indicated revenue decreased;64% indicated profitability increased; 36% indicated profitability decreased;64% of companies have created an ESOP education program or ESOP advisory committee since establishing the ESOP
Commitment to Our Team Members
We realize success goes beyond just the people and machines. For everyone’s future, we have a commitment to be concerned for the maritime business in our planning. Our employees help us get there. That’s why we’re also committed to our employees’ future by helping to plan for retirement. We’re doing this with an employee-owned approach.
When the late Captain F.M. Hendry first established Hendry Corporation, he held on to his love of being an adventurer and professional sailor. He set about building a proud company that dedicated itself to improving waterways through professional commitment and innovative techniques. His son, Aaron Hendry, continued his tradition and love for the maritime industry when he purchased Gulf Tampa Drydock in 1988 (and changed the name to Gulf Marine Repair Corporation).
Aaron Hendry, by most definitions, was a successful businessman. He built a long-lasting business that now consists of Gulf Marine Repair, Universal Environmental Solutions, LLC, and more recently Anchor Sandblasting and Coatings, LLC; all under the umbrella of Hendry Marine Industries, Inc. (HMI). Not only did Mr. Hendry create a successful group of businesses, but before he sadly passed away, he created an Employee Stock Ownership Plan (ESOP) to allow us to share in the business’s success.
The ESOP has had an overwhelmingly positive effect on the company, creating broad-based ownership among all employees and fostering an environment in which everyone understands his or her role in helping the company achieve its bottom line. Research has proven over and over that employee ownership builds successful, competitive companies, and creates equitable wealth for employees. It has been shown that ESOP companies pay better benefits, have twice the retirement income for employees, and pay higher wages than non-ESOP companies.
Hendry Marine Industries, Inc. (HMI), a holding company for Gulf Marine Repair Corporation, Universal Environmental Solutions, LLC and Anchor Sandblasting and Coatings, LLC, is a successful organization today because of strong foundations.
The Companies of HMI (Gulf Marine Repair, Anchor Sandblasting and Coatings, LLC., Universal Environmental Solutions) values diversity and inclusion and treats all individuals with respect based on their merit. The Company is an equal opportunity employer and makes all employment decisions based on merit and business needs. The Company does not discriminate on the basis of race, color, ethnicity, ancestry, national origin, citizenship, religious creed, sex (including pregnancy, childbirth, breastfeeding, or related medical conditions), marital status, familial status, domestic partnership status, sexual orientation, gender, gender identity or expression, veteran status, military status, family care or medical leave status, age, physical or mental disability, medical condition, genetic information, or any other basis protected by applicable federal, state or local law, rule, ordinance or regulation.
Hendry Marine Industries, Inc.
Tampa, Florida USA
Tel: (813) 247-3153