(Huntsville, Ala.)- Thompson Gray proudly announces its transition to a 100% Employee Stock Ownership Plan (ESOP) company as of July 6, 2023. This strategic decision reflects the company’s commitment to employee empowerment and shared success.

Under this transition, every employee working more than 1,000 hours per year becomes eligible to participate in the ESOP, a qualified retirement plan governed by federal law. This plan grants ownership stock in the company, providing an additional fringe benefit.

Amidst attractive acquisition offers, Thompson Gray prioritized preserving its culture and strength by transitioning ownership to its employees. Oversight of the ESOP and trust account is under the purview of independent Trustee Steven C. James of SCJ Fiduciary Service, with administration managed by Blue Ridge Partners.

This move demonstrates Thompson Gray’s commitment to fostering a workplace where employees feel valued, empowered, and invested in the company’s future. The transition positions the company to attract top talent, foster innovation, and deliver exceptional value to clients.

Ongoing financial audits and ESOP valuations will yield first-year statements in late June or early July. Thompson Gray anticipates the company’s value to grow over time, enhancing benefits for its employee-owners.

About Thompson Gray: 

Thompson Gray is an emerging leader in providing superior solutions to customers across the Department of Defense. Headquartered in Huntsville, AL, the company also has offices in Northern Virginia and Orlando, and employees and customers across the U.S. Thompson Gray’s staff include recognized experts across various fields with particular expertise and emphasis on GFEBS implementation and training, along with programmatic, financial, and information technology support.