Novaspect Holdings
Wholesalers; Machinery, Equipment & Supplies Wholesalers
Novaspect Holdings is a 100% employee-owned wholesale company headquartered in Schaumburg, Illinois. The core purpose at Novaspect is to improve their customers' performance through the innovative application of technology. They do this by engineering, selling and servicing industrial process controls, valves, and automated control systems.
Novaspect maintains a robust presence across the upper Midwest, spanning from Northwest Indiana through Illinois, Iowa, Nebraska, Northeast Missouri, Wisconsin, Upper Peninsula Michigan, Minnesota, North and South Dakota. Among these locations, Midwest Valve Services, a subsidiary, specializes in comprehensive valve repair services. All of these components are aligned with Novaspect's core purpose to enhance customer performance by ingeniously applying technology.
In 2016, Novaspect Holdings became employee-owned when they implemented an Employee Stock Ownership Plan (ESOP). The ESOP serves to acknowledge and reward dedicated employees for their long-standing commitment to the company and motivates them to elevate their productivity, all while offering attractive retirement benefits. The ownership culture at Novaspect is committed to fostering career development and personal growth for its team of employee owners.
Novaspect Holdings is an employee-owned company headquartered in Schaumburg, Illinois.
Novaspect Holdings is an employee-owned company.
While they are not certified, based on Department of Labor 5500 fillings and other third-party data sources, we believe their ESOP meets our standards of significant and broad-based employee ownership.
While they are not certified, based third-party data sources, we believe their Worker Cooperative meets our standards of significant and broad-based employee ownership.
While they are not certified, based third-party data sources, we believe their Employee Ownership Trust meets our standards of significant and broad-based employee ownership.
While they are not certified, we believe they meet our standards of significant and broad-based employee ownership.