Business View Magazine - Dec 2023

Cultivating Relationships and Excellence in Engineering At the core of CTL Engineering’s philosophy is a focus on relationship building and maintaining a standard of excellence that distinguishes them in a competitive industry. This ethos is not just about providing services; it’s about offering unparalleled quality and expertise through a team that embodies explains CTL Engineering’s decision to adopt an Employee Stock Ownership Plan (ESOP). “Initially, selling the company using employees’ 401K funds was considered, but this plan was not feasible. After unappealing offers from private equity firms, the ESOP option emerged, offering tax benefits and aligning with the desire to preserve the company’s legacy.” 146 BUSINESS VIEW MAGAZINE VOLUME 10, ISSUE 12