Houston, Texas – October 5, 2022 – National Trench Safety (NTS), a leader in trench safety solutions and a Tailwind Capital portfolio company, announced on September 29th that qualifying employees will receive a cash dividend under the NTS Team Ownership Program (TOP). This is the second dividend payment that employees have received under TOP.
As an industry trailblazer, NTS has awarded over $11,000,000 of equity participation units to full-time employees. For the second time, all eligible TOP participation unit holders were awarded a discretionary cash dividend. The total value of dividends paid this week is over $1,000,000.
NTS CEO Phil Mason commented, “NTS is delighted to reward all our employee-owners with this dividend payment. The NTS TOP is unique. All employees have an ownership interest in the business, which has helped more closely align employee objectives with company objectives. We are all focused on customer service and growth. At NTS we all win together: customers, employees and NTS.”
NTS TOP is designed to enable all employees, as equity owners of the company, to share in growth-driven value creation. TOP is another innovative way NTS rises above in a fiercely competitive labor market.
About National Trench Safety
Based in Houston, TX, NTS is a leading independent national provider of trench safety and traffic control solutions with a broad portfolio of road plates, trench boxes, hydraulic shoring, slide rail systems, manhole boxes, beams, guide frames and sheeting. NTS services approximately 8,000 customers from coast to coast, through a network of 65+ branch locations across the United States and 2 UK-based branches.