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Sport Truck USA announces purchase of remaining stock and becoming 100% employee owned
Sport Truck USA, Inc. is pleased to announce the recent purchase of the remaining shares of stock from the private shareholder. The employee stock purchase began in 1997 with a 31% ownership. In 2002, an additional 24% of stock was obtained, making the employees the majority owners. This transaction, completed mid-October 2011, makes Sport Truck USA, Inc. 100% employee owned.
In announcing the purchase, Company President Steve Olmstead said "this is the culmination of an exciting opportunity. As of today, we have a company that is 100% owned by its employees. Our hiring is and has been based on finding people who desire to take ownership. Today we completed the goal of being in control our own futures. It is this understanding that has made us the company we are and will continue to make us a leader into the future."
Sport Truck USA, Inc. began in the early 80's as a wholesale distributor of truck accessories, operating under the name Truckmaster Distributing. In 1994, BDS Suspension was created as a subsidiary, whose primary mission was to manufacture a light truck suspension line, consisting of quality parts, sold at a competitive price with outstanding customer service and an unmatchable fill rate. In 2002, the Company purchased 4x4 Posi-Lok, a manufacturer of replacement parts for vacuum operated 4WD engagement. Zone Offroad Products was added in 2008 to offer an entry line of suspension components to compliment the BDS line.
Sport Truck USA, Inc. is located in Coldwater, MI with distributors throughout North America and many foreign countries. Telephone 800-637-3303. www.bds-suspension.com www.zoneoffroad.com www.4x4posi-lok.com