Business View Magazine - Feb 2024

partnerships—especially in emerging sectors that rely on boats to conduct procedures—can also open new horizons. One organization, in particular, has managed to establish all of this for itself while simultaneously fostering a workforce that is fueled by a pulse of ownership. SAFE Boats International has carved its legacy in the picturesque landscapes of Bremerton, Washington, for over 27 years. Established in 1996, this company specializes in designing and manufacturing aluminum boats, primarily catering to military, law enforcement, and first responder agencies worldwide. With a humble beginning, SAFE Boats now exists as an ESOP (Employee Stock Ownership Plan) that stands at the helm of a unique position within the vast seas of its industry. The company has delivered over 2600 boats deployed in approximately 70 countries—a testament to its global influence. As an ESOP, SAFE Boats has made investing in team member development, attracting fresh talent, and nurturing a culture that echoes the company’s core values the bedrock of its growth strategy. For the employee-owners here, the ESOP is not just a financial concept but a mindset that fuels commitment and loyalty. Operational challenges are conquered, and a strong employee ownership culture permeates every aspect. Success is a harmonious blend of technological prowess, a thriving workforce, and a global reputation that echoes the commitment to keeping waters safe. The organization has not only grown as a brand but has become a beacon in the industry, showcasing the blueprint for responsible, innovative, and employee- centric boat manufacturing. SETTING SAIL ON AN INNOVATIVE MARKET APPROACH SAFE Boats envisions a future where innovation meets tradition, a sentiment reflected in the very manufacturing process that has earned it such credibility. Cutting-edge autonomous boats and the first-of- their-kind all-electric patrol boats are skillfully 75 BUSINESS VIEW MAGAZINE VOLUME 11, ISSUE 02 SAFE BOATS