Premier Granite & Stone, Inc. has transitioned to an Employee Stock Ownership Plan (ESOP), empowering its workforce and positioning for future growth in the countertop industry.

Information on the Target

Premier Granite & Stone, Inc. (PGS) is a prominent player in the countertop fabrication and installation industry, having been established in 2008 by entrepreneurs David Bleyenberg and Matt VanTil. Based in Grandville, Michigan, PGS has carved out a competitive niche in providing a comprehensive range of products, including quartz, porcelain, granite, and various natural stone countertops. The company distinguishes itself through its partnerships with designers, builders, and retailers, offering tailored solutions to meet diverse customer needs.

Recently, PGS took a significant step in its corporate governance by transferring 100 percent of its stock to a newly formed Employee Stock Ownership Plan (ESOP). This strategic move not only reflects the company's commitment to its employees but also aims to foster a culture of ownership and improve employee morale and engagement.

Industry Overview in the Target’s Specific Country

The countertop fabrication and installation industry in the United States has witnessed robust growth in recent years, driven by rising consumer demand for home renovations and new construction projects. This sector has capitalized on a myriad of design trends that favor high-qual