ESCO Group Announces Scintilla EG Holdings, an Employee-Owned Holding Company to Enhance ESCO Group Brand and Drive Future Strategic Growth
ESCO Group is proud to announce the formation of Scintilla EG Holdings (“Scintilla”), our employee-owned holding company formed in 2021 when ESCO became 100% employee-owned. Scintilla is dedicated to strengthening the ESCO Group brand and exploring potential future acquisitions. This strategic move aligns with our commitment to creating lasting value for our clients in the electrical construction, engineering, systems integration, and safety services sectors.
Scintilla will leverage the proven success of our ESCO Group companies to continue growing the ESCO brand. In addition, we will actively seek high-value businesses that complement our core operations and diversify our portfolio under the Scintilla structure. Scintilla’s mission is to build and sustain kick-ass businesses.
By embracing an employee ownership strategy, we aim to foster a culture of shared success and long-term growth. This initiative underscores our dedication to delivering exceptional value and innovative solutions to our clients while empowering our employees to take an active role in the company’s future.
What Does This Mean for ESCO Group?
This change is part of our ongoing commitment to the long-term stability and growth of our organization. As Scintilla and its affiliated brands continue to grow, the holding company will adopt a decentralized strategy for managing its business units—emphasizing the development and maintenance of best-in-class organizational capabilities and exceptional client care. By putting decision making and operational capabilities closer to our stakeholders, we feel our business units will be more innovative and nimbler to continue our mission of creating lasting value for our clients, employees, and the communities in which we live, work, and thrive.
Most Importantly:
• ESCO Group has NOT been sold.
• ESCO Group companies (ESCO Electric, ESCO Automation, and ESCO Power & Safety) will continue to operate as they always have, with the same leadership, values, and dedication to excellence.
• Scintilla exists solely to provide structure and governance to building and sustaining business units like ESCO Group companies and future strategic growth utilizing employee ownership as a catalyst.
Why “Scintilla”?
The name “Scintilla” represents a spark—a powerful beginning that ignites innovation, progress, and growth. This aligns with our mission to deliver exceptional organizational capabilities in delivering lasting value to our stakeholders.
Our commitment to our clients, employees, and communities remains unwavering. As we move forward under the Scintilla structure, we will continue to uphold the high standards you have come to expect from ESCO Group. We are eager to share exciting developments from each ESCO Group company as they continue to grow under their individual brands. We look forward to expanding alongside our valued current and future clients.
For questions or additional information, please reach out to us via our website at www.theESCOGroup.com/contact. We look forward to continuing our partnership and driving innovation together.