Natare Becomes 100% Employee-owned
After more than 50 years in business, Natare Pools, a manufacturer of pool equipment and construction systems, has become a 100% employee-owned company. The change took effect June 30, after founder Michael Walsh sold his remaining shares to employees.
“By becoming 100% employee-owned, we are ensuring that every member of our team benefits directly from our collective achievements,” says Troy Yoder, CEO of Natare Corporation. “This transition further empowers our employees, fosters a culture of shared success and secures our legacy as an independent, people-focused organization.”
The company became a partial ESOP in 2022 when Walsh began transferring the company’s ownership to its employees rather than selling to another entity.
Natare employees were notified of the change in July 2025 during a company-wide luncheon that doubled as a surprise celebration, with Walsh and his wife Linda in attendance. Walsh continues to serve as executive chairman of the board for Natare.
