Kimray Inc., an Oklahoma City-based manufacturer of oil and gas control equipment, announced its transition to an Employee Stock Ownership Plan (ESOP).
The move to employee ownership is a natural progression from the family stewardship that has carried Kimray through 78 years in business.
“Our founder Garman Kimmell believed in building something that lasts, in treating people right, and in creating opportunity through honest work,” Kimray Chairman and CEO Thomas Hill III said. “By transitioning to employee ownership, we’re ensuring that Kimray remains an independent company where hard work is rewarded, where quality matters more than shortcuts, and where the people doing the work share in the success they create.”
This transition reinforces Kimray’s mission of “Making a Difference in the Lives of Those We Serve,” making employees beneficial owners and aligning the company’s long-term success with the people who contribute to it every day.
“This milestone honors where we have been and supports where we are going,” Hill said. “Our team members have always been at the heart of this organization. Becoming an employee-owned company reinforces our belief that success is best achieved together.”
The ESOP structure also allows Kimray to remain independent while creating a path for sustainable growth. It also supports long-term planning, encourages collaboration, and fosters a shared sense of responsibility for performance and innovation.
Founded in 1948, Kimray is an Oklahoma City-based manufacturer of oil and natural gas equipment with distributors across the United States and around the world.