On April 11, 2007, Martin J. Wells, President, and Terence J. Miller sold their stock in MJWells + Associates to the MJWells + Associates Employee Stock Ownership Plan (ESOP). Messrs.
Wells and Miller will continue to serve as President and Vice President, respectively, of Wells + Associates, Inc. Mr. Wells, Mr. Miller, and John Carmen, former President and CEO of Rodgers Consulting, Germantown, Maryland, will serve on the Board of Directors of the new company.
- "Terry and I are thrilled with the successful transfer of ownership to our valuable employees. This will ensure that our company continues to grow and excel for many years to come. This is a real Win-Win situation", said Mr. Wells.
- "The ESOP enables employees to share in the growth and prosperity of the company and provide for a secure retirement," said Ms. Ash.
Merri Ash, Vice President, First Bankers Trust Services, Inc., represented Wells + Associates employees in this transaction.
MJWells + Associates have completed many projects for town centers, traffic signal design and parking designs. View More..
