GTS Technology Solutions Transformative Next Chapter With an ESOP

Purpose-driven strategy gives employees a shared stake in company’s continued success.

Austin, TX (January 25, 2024) – GTS Technology Solutions, a premier Texas-based technology solutions provider for the public sector, today announced it has established an Employee Stock Ownership Plan (ESOP), providing our employees the benefit of ownership and a new model for the company’s continued investment, growth, and long-term sustainability.

“GTS has always been an employee-led company, ask anyone who works here.  Transitioning the ownership into a 100% ESOP company is a natural progression to fully benefit the hard-working staff throughout the great State of Texas,” expressed outgoing owner Laura Grant. “There are many ways to exit a business.  We chose this path as the transition is about our staff’s future, and ultimately retirement, giving each person the best possible opportunity to build wealth and sustainability into their latter years.”

“An ESOP aligns perfectly with our purpose and mission to give through service by allowing our employees to take even more ownership of how we serve the communities we work and live in every day,” said Britta Butler, recently promoted CEO of GTS Technology Solutions. “Amid the changing and challenging landscape of the IT sector with many of our partners and competitors facing uncertainty, the ESOP unlocks the value of our company today and embodies our strategy to sustain a strong, caring, and resilient business for tomorrow. What an amazing gift from our previous owners to provide this benefit to invest in each other so everyone who contributes to our success can benefit even more from it.”

An ESOP is a qualified retirement plan established as a trust, where current and future employees receive beneficial ownership in the company over time. Through the allocation of company stock, participating GTS Technology Solutions professionals will be able to access a retirement plan that requires no out-of-pocket contribution, helping them plan for their future financial well-being.

“The ESOP offers an invaluable incentive to our team,” shares GTS Technology Solutions’ new CFO Lindsey McKann. “It engages them in a growth mindset laser-focused on continued success and motivates them to share and leverage their skills and ideas toward a collective purpose.”

“It is no coincidence that the timing of this announcement coincides with GTS’ 40th anniversary.  Turning over the reins of a mature and flourishing organization to the dedicated existing senior leadership team at GTS will ensure the Company can celebrate many more anniversaries to come, highlights Ryan Grant who will remain involved as the Chairman of the Board.

Establishing GTS’s ESOP involved some of the leading ESOP advisors in the country. BTA, an experienced ESOP team has handled over 350 ESOP transactions, transacted more than $6 billion in market value, and improved more than 40,000 employees’ lives, advised, and provided counsel throughout the process. In addition, GTS has engaged an experienced, independent Trustee to represent the interests of ESOP participants.

About GTS Technology Solutions:

At GTS Technology Solutions, we believe it’s our job to help you be more productive. We start by thoroughly understanding your needs and meeting them with the right solution, service, or staff. That’s what we’ve been doing since 1984 for hundreds of organizations across every vertical. Learn more at www.gts-ts.com.

Contact:

Britta Butler

CEO

512-452-0651

Press Contact:

Laleh Honar

Director of Alliances and Partnerships

512-452-0651