It was the original vision for Rincon to serve as a platform that enabled its employees to live the life they have always imagined for themselves. Part of this was to make Rincon an employee-owned company.
NOTE: 51% of the Company is owned by Mike Bartling, with his hispanic heritage and his majority ownership, Rincon is a certified minority owned business. The remaining 49% of the Company’s shares are owned by the employees via an ESOP Trust.
Sources: Bullet 1 & 2 Findings from a 2017 study by the National Center for Employee Ownership (NCEO) based on data collected during the National Longitudinal Study. Data on ESOP plan values from NCEO analysis of Department of Labor 5500 data Bullet 3from Joseph Blasi, Douglas Kruse, and Dan Weltmann(2013), "Firm Survival and Performance in Privately-Held ESOP Companies,” Bullet 4 from original work by Certified EO available here. Bullet 5 from FidanKurtulusand Douglas Kruse (2017), How Did Employee Ownership Firms Weather the Last Two Recessions?