Lester Sales Company, a leader in the electrical manufacturer representative industry, has converted to an Employee Stock Ownership Plan (ESOP) as of April 14, 2023. Throughout the formation process, the company worked in tandem with ESOP Advisory firm, Lazear Capital Partners.
Founded in 1958 by Ernie Lester, Lester Sales was formed as an agency that offers a premier level of representation for the top electrical manufacturers and hires only the “best of the best” salespeople. In 2012, John Scott purchased Lester Sales Company. Under his leadership, the company has continued to carry on Ernie’s legacy by building a foundation of strong relationships with employees, manufacturers, and customers.
In a recent address to the Lester team, John Scott said, “Our goal has always been to reward the dedicated employees that built Lester Sales and to provide a sustainable, professional sales organization for our vendor and distributor partners. The conversion to an ESOP accomplishes both of those missions as well as offering a significant benefit to attract and retain talent.”
Lester Sales Company will continue operations as usual with no changes to its services or leadership team. John Scott will continue as CEO and Rick Gill as President.
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Congratulations Lester Sales !!!!! One of the best agencies in the country