For the past 57 years, Carr Company has built its reputation as an employee-centric organization where team members feel heard, respected, and cared for. This employee-first commitment now expands with the introduction of a new Employee Stock Ownership Plan (ESOP).

Officially formed in September 2024, Carr Company’s ESOP trust now holds 100% of the company’s stock for the benefit of employees. All shares will be transferred to employees’ individual accounts over time. The ESOP is funded entirely by the company, with no out-of-pocket expense for employees, and team members continually increase their ownership stake each year they work for Carr Company.

Carr Company is proud to be Florida’s leading representative for manufacturers of exceptional decorative, plumbing, and HVAC products. “Carr Company has sustained itself for three generations by continuously investing in the people who make our work possible,” said Michael Hobbs. “We look forward to giving employees a deeper stake in the future of our business, where team members have the chance to nurture their financial security as Carr Company continues to grow.”

The ESOP approach has been proven to make a positive cultural and economic impact on companies. When employees have a financial stake in their workplace, they are more incentivized to work together to achieve bigger goals. 

“We look forward to seeing the long-term impacts of the ownership culture provided by the ESOP,” said Michael. “Time and again, companies with ESOPs achieve better business outcomes and higher engagement from their team members.”

Carr Company is Florida’s leading manufacturer’s representative and an experienced advocate for engineers, purchasing managers, designers, architects, and other key real estate and hospitality stakeholders. The third-generation company is home to 45 full-time employees and 26 outside sales reps servicing four key sectors: commercial, distribution, HVAC and builder/showroom. Carr Company also has inside sales, quotations, accounting, and analytics teams operating from two sales offices, each with warehouse and training facilities.