Posted October 8, 2021

Mi-T-M to become ESOP

Privately held Mi-T-M Corporation announced plans to share ownership with employees by becoming owned by a 100 percent Employee Stock Ownership Plan (ESOP).

Mi-T-M Corporation logoFounded by A.J. Siegel in 1971 and based in Peosta, Iowa, Mi-T-M is recognized worldwide as a manufacturer of industrial equipment, including hot and cold pressure washers, air compressors, portable generators, and water treatment systems.

Mi-T-M Corporation sells this equipment into the rental, construction, paint and contract cleaning industries. As an employee-owned company, Mi-T-M Corporation will continue to operate under the same business model and management structure as it has for the past 50 years.