GEOKON Becomes 100% Employee-Owned Through an Employee Stock Ownership Plan

GEOKON is pleased to announce that it has completed the transition to 100% Employee-Owned through its newly created Employee Stock Ownership Plan (ESOP). GEOKON, located in Lebanon, NH, is a world leader in the design and manufacture of geotechnical and structural instrumentation.

“During a time where our industry is witnessing consolidation via venture capitalism, we are pleased to resist this trend and transition to a 100% Employee-Owned company. Our 43-year success is built on quality, service, and the efforts of our dedicated employees.

We believe that their ownership will contribute greatly to the next chapter of GEOKON, and we look forward to the extraordinary results of the trust we’ve placed in their capable hands.”, said Chuck Chamley, President.

Barrie Sellers, Founder and President Emeritus, added “I’m happy that I can leave GEOKON in the hands of the people who helped me make it the outstanding company that it is.”