Florida-based marine dealership Viage Group has created an employee stock ownership programme (ESOP) and has sold the company to its respective employees.
The transition provides all Viage Group employees with a direct stake in the company’s success, offering equitable profit-sharing and enhanced retirement planning benefits.
“When Barry and I founded the company, we had a vision in mind of providing a paramount sales and service experience to our customers,” said Viage Group founder Eddie Russell.
“As we’ve grown, our employees have carried our vision to another level and created a priceless culture.
“As we, the original owners, get older and look to the future, it’s clear to see our future is right in front of us with our dedicated staff.
“Creating an ESOP just made perfect sense to reward all their hard work.”
It’s clear to see our future is right in front of us with our dedicated staff.
Eddie Russell
Viage Group co-founder Barry Marshall, added: “Developing this ESOP echoes our philosophy of putting our customers first, by putting our employees first as well.”
Viage Group has four locations on the Gulf Coast and represents Scout, Beneteau, and Chris Craft.
The company has more than 30 employees.
“Scout is proud to have Viage Group as a trusted, respected partner representing our brand across their locations,” said Scout president Dave Wallace.
“When Viage Group approached us about making this transition, we provided our full support along side the other brands they represent.
“We’re confident the impressive culture their team has created will only elevate further with this unselfish move.”
Viage Group provides new and used boat sales, servicing and parts. It also runs Viage Marina Naples on Bayshore.
