JTG Announces Employee Stock Ownership Plan
VIENNA, Va., Feb. 24, 2016 — JTG, Inc. announced today that it has completed an employee stock ownership plan (ESOP) buyout with a 100% ownership transfer. Former JTG CEO, Muriel Jerome-O’Keeffe, will remain an employee and member of the Board of Directors.
The quality of employee at JTG has always been a paramount focus. It is the people that make a company great. This ESOP transaction doubles down on that idea by putting those very employees in control of the company moving forward. This not only ensures that JTG will continue to offer the world class service it is known for, but it will be able to do so without any interruption.
JTG’s ESOP also offers several strategic benefits in the federal contracting market. ESOPs are generally seen as very stable organizational structures with high employee retention and a motivated workforce. Stock ownership is also a valuable recruitment tool.
“An ESOP ownership structure was the option that made the most sense. It allowed us to invest in the futures of the employees while also promoting organizational stability. We are excited to see the company grow in the hands of the people that helped make it what it is today,” said Ahmed Shehata, President of JTG.
JTG helps government and commercial clients harness the power of data, analytics, language, culture, and technology to achieve their global business and security objectives.