Huntsville, Ala. – deciBel Research, Inc. a Huntsville-based radar system and sensor technologies company is excited to announce that it is now 100 percent employee-owned. deciBel Research transitioned from a privately held, small business to an employee-owned company through an Employee Stock Ownership Plan (ESOP) effective 1 January 2021.
Jeff Gronberg, deciBel Research Chief Executive Officer, will continue to lead deciBel Research and the company’s day-to-day management and operations will remain the same. deciBel Research’s culture of technical excellence and quality will remain intact and improve with the ESOP as we continue to grow and be an employer of choice.
“deciBel Research is proud to transition to an employee-owned company. In our industry we see many small businesses being acquired by private equity firms or larger corporations as owners execute their succession plan,” Jeff Gronberg, deciBel Research, CEO explains. “Often small businesses become large businesses due to these transactions, thus impacting the status of the business, current contracts and customers, and causing a fundamental change in the culture and business development efforts. Our employees are the heart of the company’s success and we felt it was in the best interest of both our employees and customers for us to share that success with them and become an employee-owned company.”
Eric Cochran, deciBel Research Chief Financial and Operating Officer said, “We have witnessed some great successes in our industry with employee-owned companies and we believe the timing is right to evolve the company to benefit both our customers and especially our current and future employees. We have positioned the company for future opportunities, and this is another critical piece in making deciBel Research a long-term small business partner for the DoD and Intelligence Community.”
To learn more about deciBel Research, visit deciBelresearch.com.
ABOUT DECIBEL RESEARCH
deciBel Research, an employee-owned company, was founded in 2002 on the principles of radar system and sensor technologies research, development, integration, and advancement. Our core competencies include modeling and simulation analysis; sensor and system test and evaluation; algorithm development; intelligence, surveillance, and reconnaissance; and sensor and system engineering. We have proven capabilities to manage and execute large contracts, while remaining flexible and responsive as a small business. deciBel Research is headquartered in Huntsville, Alabama, and has offices and personnel supporting our customers in Dayton, Ohio; Colorado Springs, Colorado; and Wallops Island, Virginia.