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RK Hydro-Vac Snapshot
In 1981, two brothers who grew up on a farm in rural Ohio started RK HydroVac.
They started out simple – working out of their family’s barn– selling their services to local roofing contractors, using the traditional method of removing rock from flat roofs (shovels & wheelbarrows).
As they grew, they developed equipment, techniques, and technologies to build increased efficiency and safety for their customers.
These brothers worked hard to grow the business. They understood the importance of personal connection. They created strong relationships with their customers and provided a family environment for their workforce.
RK HydroVac continued expanding the business, opening regional offices in Charlotte NC (1983), Pittston, PA (1990) and various satellite offices (1999-present) to provide the best service and value for customers. These regional offices were started and run by employees who became co-owners and continued the vision for the company by continually developing equipment, techniques, and building the right team of employees.
By 2017, the brothers had decided that it was time to step away from the Company and on to other adventures. But, rather than selling the business to outsiders who couldn’t appreciate the deeply embedded work culture of mutual respect, camaraderie, and teamwork, the brothers and regional office co-owners had a better idea: an Employee Stock Ownership Plan (ESOP).
As an ESOP, RK HydroVac would always belong to the people whose hard work would build and grow the Company. Each employee would have the chance to own a portion of the business and directly benefit from the business’s success.
In 2019, RK HydroVac became 100% employee-owned and operated through an employee stock ownership plan that enables each and every current and future co-worker to share in the financial and operational success of the Company!
This gives us a unique opportunity to have ownership in RK, continue to have our 401K plan, and be building the value of our overall retirement while we honor the brothers’ vision to continue to solidify RK as a leading employer in our communities and the nationwide leader in roof vacuuming preparation services.
They started out simple – working out of their family’s barn– selling their services to local roofing contractors, using the traditional method of removing rock from flat roofs (shovels & wheelbarrows).
As they grew, they developed equipment, techniques, and technologies to build increased efficiency and safety for their customers.
These brothers worked hard to grow the business. They understood the importance of personal connection. They created strong relationships with their customers and provided a family environment for their workforce.
RK HydroVac continued expanding the business, opening regional offices in Charlotte NC (1983), Pittston, PA (1990) and various satellite offices (1999-present) to provide the best service and value for customers. These regional offices were started and run by employees who became co-owners and continued the vision for the company by continually developing equipment, techniques, and building the right team of employees.
By 2017, the brothers had decided that it was time to step away from the Company and on to other adventures. But, rather than selling the business to outsiders who couldn’t appreciate the deeply embedded work culture of mutual respect, camaraderie, and teamwork, the brothers and regional office co-owners had a better idea: an Employee Stock Ownership Plan (ESOP).
As an ESOP, RK HydroVac would always belong to the people whose hard work would build and grow the Company. Each employee would have the chance to own a portion of the business and directly benefit from the business’s success.
In 2019, RK HydroVac became 100% employee-owned and operated through an employee stock ownership plan that enables each and every current and future co-worker to share in the financial and operational success of the Company!
This gives us a unique opportunity to have ownership in RK, continue to have our 401K plan, and be building the value of our overall retirement while we honor the brothers’ vision to continue to solidify RK as a leading employer in our communities and the nationwide leader in roof vacuuming preparation services.
