Annual ESOP Stock Price Announcement for 2023
Welcome back to our annual ESOP stock price announcement.
Most of you know the story of how and why we became an ESOP company. Fifteen years ago, the owners decided to sell the company to the employees by forming an Employee Stock Ownership Plan. They believed in the employees of Big G Express and wanted to provide dedicated employees with a wealth building opportunity. Since becoming an ESOP in 2009, our dedicated employee’s hard work and commitment to excellence has resulted in significant growth in our company’s size and stock price.
Reflecting on some more of the major accomplishments that impacted the success of our company, acquisitions have been a major contribution. We have had several acquisitions, some dating back over 20 years. Each one has had a positive impact on the growth of the company. The 2 most recent acquisitions are Ike Transportation and RTR Transportation.
We acquired IKE in 2016 and they are our flatbed division located in Murfreesboro, TN. This acquisition resulted in an expansion of our services and customer base.
Our most recent acquisition was RTR in February 2023. RTR Transportation is part of Big G Express and we refer to them as our Automotive Division. This acquisition allowed us to gain market share with blue-chip customers in the automotive industry including an expansion of the footprint we already served.
Through these acquisitions, we have also gained great employees that are now part of the Big G Family. Every individual plays a major role in the company. No matter the division or position, we all share the same core values, and we all contribute to the success of Big G Express. It takes us all!
Congratulations on another successful year. Our stock price has increased 14 % making our new price $86.48. This increase is directly impacted by these decisions we make as a company and individuals day in and day out.
Thank you for everything you do!
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