Mulcahy Company transitions to be employee-owned through an employee stock ownership plan (ESOP)

August 13, 2020

Mulcahy Company, an Eagan, Minnesota-based company representing manufacturers of hydronics products for the heating and cooling and plumbing industries, transitioned to become a 100% employee-owned company through an employee stock ownership plan (ESOP).

As owners in the company, the Mulcahy team will be even more driven to provide the best solutions and customer service to its hydronics industry customers. “Our transition to an ESOP will enhance employee engagement even more as our team members have a real stake in the outcome and success of the company,” says Rob Grady, Mulcahy Company President.

Mulcahy will continue its commitment to providing unmatched customer service, technical expertise, and professionalism to its customers and manufacturing partners.

Mulcahy Company, Inc., founded in 1929, is a manufacturer’s representative principally serving the heating, cooling, and plumbing industries. Representing manufacturers of such equipment as centrifugal pumps, boilers, cooling towers, filtration systems, heat exchangers, tanks, piping systems, valves, instruments, motor control devices, solar energy products, variable speed drives, and numerous accessory items, Mulcahy is an industry leader in the Upper Midwest Region.