Blog Category: Employee Feature

In 2021, Symbiont Service Corp became 100% employee owned by transitioning to an ESOP (Employee Stock Ownership Plan). Just over one year later, we are still excited, and the company is flourishing!

Reflecting on Symbiont Service’s Journey to 100% Employee Ownership

Leading up to the anniversary of the big ESOP announcement, Sandy King, President of Symbiont Service Corp, sat down with Phillip Hayes to be interviewed for his podcast, Journey to an ESOP. Phillip, known as The ESOP guy, played an advisory role throughout Symbiont’s ESOP process.

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We explain some of the benefits of employee ownership through ESOPs.

Recently, we made a blog post about employee ownership through stock options. We believe ESOPs are the way forward for our company, so today we’ll dive deeper into the topic. There’s a lot to go over, but by the end of the video, you should understand the basics of what ESOPs do to help a company and its employees.

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Here’s what you need to know about our decision to introduce ESOPs.

Recently, we hosted a presentation all about ESOPs. Employee stock options are crucial so that we all share in our company’s success. Michael Miller, the Trustee of our ESOPs, stopped by to explain how they work and benefit you. 

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Watch some highlights of Sandy’s speech from our end-of-year party.

Today we wanted to share part of our end-of-year party. Sandy King, our CEO, recapped our year and made an exciting announcement. You can watch some highlights of her speech in the video above.

We wanted to celebrate Symbiont Service Corp’s fantastic year. The hard work and dedication of our employees have made this company flourish. In 2019, we earned $9.4 million in revenue. That number dropped significantly in 2020, but we continued to survive COVID. This year, we exceeded $13 million in revenue, which marks our hottest year ever. It’s all thanks to everyone at Symbiont.

This company was founded in the early ’80s by Roy and Karen King, Sandy’s parents. Since then, ownership has been passed down to her. However, Sandy has found a new successor. We’re excited to announce that, from this point forward, we will be an employee-owned business. Our Symbiont Service employees will be our new owners through our ESOP plan.

A Business Observer article by contributor Beth Luberecki, published on March 23, 2022, revealed more about Sandy’s motivation for her decision to transition to an employee stock ownership plan (ESOP). “To walk away after 26 years with Symbiont without making sure the employees are taken care of would be counterintuitive to my business philosophy,” Sandy told Ms. Luberecki in the interview. “I recognized that the strength of the company is its employees, and I wanted to do right by them. I didn’t want to have a succession plan that only took care of me. I wanted it to be symbiotic and take care of the employees too.”

We hope you’re as excited by this news as we were. As always, if you have any questions about our products or are looking to have a GeoThermal pool heating or air conditioning unit installed, feel free to call or email us. We would love to hear from you.

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Since June of 2018, Dave Ballard has worked with Symbiont Service Corp in Englewood, Florida. He started his career with them as a field engineer and now oversees the sales team in his role of sales manager. Although, once a field design engineer always a field design engineer and that is a benefit for the clients Symbiont Service Corp works with.

In a recent phone interview I asked Dave:

What do you do/have you done in your roles with Symbiont?

As a field design engineer, I look at complicated projects and make certain we are providing what the customer needs.

1. Are we installing the correct number of heaters?
2. What are the flow rates?
3. What is needed to convert an existing pool from gas or another form of heating to the most economical and environmentally friendly geothermal?

As a sales manager, Dave hires sales associates, prepares budgets, monitors sales and plans and directs the marketing of various programs. “I look at my role as a way to aid the sales team and help them be successful.”

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Sandy King, President and Director of Sales and Marketing at Symbiont Service Corp in Englewood, Florida has been named one of the Top 50 Women-Led Businesses in Florida. She ranked twenty-fourth.

The Commonwealth Institute South Florida partnered with Kaufman Rossin and created the Top 50 Women-Led For-Profit Businesses list. 

Sandy said, “I am honored to be recognized by The Commonwealth Institute – South Florida as a leading Florida women-led business owner.  It is so important for women throughout Florida to be confident in their passion to lead a successful company! Thank you for the privilege to share this message.”

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Symbiont Service Corp is seeking an IN-OFFICE (must be local) Clerical Assistant, who will be primarily assisting in invoice entering, database entry, planned maintenance contracts, answering phone and new business development internal support.

Duties

• Administrative and supporting roles.
• The position requires attention to detail and confidentiality as this person will be working in our office and accounting databases.
• Proficiency in MS OFFICE a requirement.
• Experience with QuickBooks is helpful.
• Previous employment in clerical field is highly recommended.

Please CLICK HERE to apply

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Yesterday, our employees came together to celebrate a milestone. President Sandy King has reached 20 years with Symbiont!

Jim Howarth, Director of Customer Fulfillment, has been at Symbiont since its inception – he worked at Symbiont for 37 years. Jim was particularly proud of Sandy and said of her tenure, “Before Sandy arrived we had an awesome product, yet we never reached success financially. All that changed the day Sandy arrived.” Jim credits Sandy’s financial management skills to the success of Symbiont over the years.

As the President and Sales & Marketing Director, Sandy has worn many hats throughout her 20 years at Symbiont, but she has always been successful with managerial responsibilities. Sandy’s leadership abilities put her in an excellent position to manage a business, including the team of nearly 50 employees.

Speaking for the entire Symbiont team, Jim remarks on Sandy’s impact on the company: “Without Sandy’s leadership, we never would have reached the level of success we have today.”

20 years of strong leadership is a great reason to celebrate in honor of Sandy King, President of Symbiont Service Corporation.

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