Marine accessories manufacturer and supplier IMTRA yesterday announced that it has been named the 2024 Employee-Owned Company of the Year by the New England Chapter of the ESOP Association. The award recognizes companies that show a strong commitment to employee ownership.

This commitment is demonstrated through the company’s involvement with the association and its programs, in addition to providing communication to employees and demonstrating a commitment to endorsing their participation, wealth creation and individual dignity and worth.

“We place a high value on being part of the ESOP community, with all these companies that support each other,” share best practices and help each other be better employee-owners and organizations,” Eric Braitmayer, president and CEO of IMTRA, said in a statement. “I’m excited by how impactful becoming an ESOP has been for our company culture. Our team is embracing what it means to be owners of IMTRA and we expect our customers and suppliers will benefit from this enhanced engagement by our teammates. The ESOP Association was a critical partner in our transition to be 100% employee owned and it’s always nice to be recognized by our ESOP peers.”

Winning the award from the New England chapter enters IMTRA in the national competition.