After 50 years in business, the Indianapolis-based Natare Corporation will transition into an employee-owned company.
Michael Walsh, who founded and has owned the company opted to transfer the company’s ownership to its employees rather than selling to another entity. Walsh said it was important to preserve the Natare culture and reward its employees who have helped grow the company into what it is today.
The company ownership is being transferred to an Employee Stock Ownership Plan (ESOP) where Natare employees will own the company through stock ownership. All current employees will share in the ownership of Natare Corporation.
To lead Natare and its employees into the future as an employee-owned company, a new executive leadership management team has been put into place. Troy Yoder, the former vice-president of marketing and sales, will take over as president and CEO. Matt Trout, vice-president of operations, has been named chief COO and corporate vice-president. Lisa Bigley, the Natare controller, has become corporate treasurer and CFO. Joshua Albertson, formerly the Western US and Canada regional sales engineer, will move to the sales manager position. Walsh will continue to be involved with Natare as the executive chair of the Natare board of directors.
Natare employees were notified of the impending changes in December 2021, and the company celebrated the completion of the transition to an employee-owned company in a company-wide luncheon on March 10, 2022, just prior to the 30-year anniversary of Natare on March 11.
