QPS Employment Group, a Wisconsin-based staffing firm, announced today that it completed its transition to an employee-owned company with an employee stock ownership plan, or ESOP.
QPS was previously owned by Chairman and co-CEO Scott Mayer and co-CEO Dan McNulty. Both will remain with the company as board members.
“I’m so proud that now with this transition, our employees will be recognized for all the work they have been doing,” Mayer said.
The company has 54 offices in seven states in the Midwest and Mid-Atlantic; and has more than 1,800 client companies. It focuses on industrial, skilled trades, office/clerical and professional staffing.
“Two of QPS’ core beliefs are legacy and family spirit. In the move to the ESOP, we believe that the employees will be taken care of as family and are now helping to solidify the legacy of QPS for many years to come,” McNulty said.
The move to an ESOP continues a vision by one of QPS’ founding members and Chief Sales Officer Mark Immekus, who died unexpectedly in 2018. “Dan, Mark and I had talked about passing QPS along to the next generation for years, and I know Mark would be proud of that idea now becoming a reality,” Mayer said.