Tailwind Capital’s National Trench Safety (NTS) portfolio company launched its new Employee Equity Participation Program. The underground infrastructure safety solutions asset noted that this program will provide its staff with opportunities to participate in – and benefit from – potential company growth.
The program – which will see NTS award up to $8 million in “equity participation units” to full-time and permanent employees each year – is part of NTS’ effort to reward existing employees, attract new personnel and better engage its staff.
“As one of the first programs of its kind in the industry, NTS’ Employee Equity Participation Program represents a unique and exciting opportunity for NTS to align the Company’s success with that of its employees and further strengthen employee engagement and retention through a culture of ownership,” said Jeff Calhoun, Managing Partner of Tailwind Capital. “We are strong believers that recognizing every full-time employee through ownership is in the best interests of the company, management and investors and we look forward to continue supporting the company in this highly worthwhile endeavor.”
“Employee ownership interests in specialty rental businesses are always tightly held, usually in the hands of a few executives,” added NTS President and CEO, Phil Mason. “With this progressive and all-inclusive Employee Equity Participation Program every NTS employee will benefit from their hard work in building this great company.”
The news follows its April 2021 merger with fellow Tailwind portfolio companies Trench Plate Rental Company and Support of Excavation to create a “pure play” platform in the underground infrastructure safety solutions market, with a full suite of trench safety solutions, coast-to-coast national reach and unparalleled technical expertise.