Its Employees

CONTACT:
Sam Humphrey, President
PHONE: 563-556-7484
EMAIL: shumphrey@mitm.com

Peosta, Iowa – Mi-T-M Corporation, one of the largest employers in the tri-state, has announced plans to become a 100% employee-owned company. The surprise announcement was made to over 400 employees on July 29, 2021 at the first companywide event since the pandemic.

A.J. Spiegel, founder and CEO, said the transition to an Employee Stock Ownership Plan (ESOP) is the perfect way to invest in employees who have made the company what it is today. It also protects the company’s desire to continue as an independent organization and remain part of the local community.

“We believe that remaining independent allows us the ability to make the best decisions for our customers and communities,” said Spiegel. “The ESOP model gives every Mi-T-M employee an ownership share in the company and continue to focus on our goal of building the highest quality equipment possible, right here in Peosta.”

Founded in 1971, the company manufactures hot and cold pressure washers, industrial generators, air compressors and other industrial equipment for domestic and worldwide distribution. Mi-T-M Corporation will continue to operate in its one million-square-foot facility under the same business model and management structure as it has for the past 50 years.

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