South / Regional Reports

Former News’ 'Best Contractor' Is Featured In Local Newspaper

September 7, 2002
/ Print / Reprints /
/ Text Size+
IRVING, TX — Tempo Mechanical Services, a former winner of The News’ “Best Contractor to Work For” contest was recently featured on the front page of the Dallas Morning News’ Business Section. The company, which is employee-owned, is a well-known fixture in the local Dallas-Fort Worth residential community.

The article highlighted the success that Tempo has enjoyed recently, increasing revenues by 40% since 1998. But the main focus of the story was the leadership of president and CEO Steve Saunders. Saunders and other Tempo employees decided to make a go of the business which was “cut loose” by the parent company in late 1997. That’s when TDIndustries exited its residential operations, and employees were given the opportunity to form an employee stock ownership plan (ESOP) to revitalize the residential business.

According to Morning News’ reporter Cheryl Hall, a million dollars came out of the pockets of 45 workers, and today more than 80% of the eligible employees participate in the ESOP.

Publication date: 09/09/2002

Did you enjoy this article? Click here to subscribe to The NEWS Magazine

You must login or register in order to post a comment.



Image Galleries

2014 Energy Efficiency Forum

Highlights from the 25th annual Energy Efficiency Forum in Washington, D.C.


NEWSMakers: John Missell

John Missell, vice president and COO of Spectrum Design, joins the program to discuss how his company has utilized geothermal technologies, and we examine the future of renewable energy resources. Posted on Aug. 15.

More Podcasts


NEWS 08-18-14 cover

2014 August 18

Check out the weekly edition of The NEWS today!

Table Of Contents Subscribe

Prohibiting HFCs

EPA is proposing a rule that would prohibit some HFCs in select refrigeration applications. Do you agree with this move?
View Results Poll Archive


2014 National Plumbing & HVAC Estimator

Every plumbing and HVAC estimator can use the cost estimates in this practical manual!

More Products

Clear Seas Research


Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications, Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.


Magazine image
Register today for complete access to Get full access to the latest features, Extra Edition, and more.


facebook icontwitter iconyoutube iconLinkedIn i con