ST. PETERSBURG, Fla.--(BUSINESS WIRE)--AR Franchising, Inc.®, the largest national custom luxury homebuilding franchisor of AR Homes®, announced an employee-ownership ESOP to empower employees and further strengthen its market position.
Research demonstrates the value of employee ownership in companies. According to the National Center for Employee Ownership, employee ownership improves productivity, increases job satisfaction, and accelerates company growth. For AR Homes® this unique structure preserves its 40-year tradition of dedication to its network of builders, inspires a culture of innovation, and reinforces the company’s commitment to best-in-class customer experience and craftsmanship.
“AR Franchising, Inc.® is known for its long-standing commitment to its employees, its franchisee builders, and its customers,” said C.R. Herro, CEO, AR Homes Franchising, Inc.® “Arthur Rutenberg founded the company on a culture of innovation, integrity, and devotion. Employee ownership will ensure the long-term sustainability of these values.”
“We know our father, Arthur Rutenberg, would be very proud to see this ESOP program come to fruition continuing his powerful legacy,” said Steve and Barry Rutenberg, sons of the late founder, Arthur Rutenberg, “He was well-known for trusting his employees to make the right decisions, speak up when they disagree, and pursue the best custom design solutions for customers.”
AR Homes® builders have won Avid Ratings' top ranking seven years running. AR Homes® was also named #1 in its category by Franchising.com, a BUILDER Magazine Top 50 Builder from 2004-2020, and ranked as one of the largest builders in the country by ProBuilder.
About AR Homes®
Founded in 1978 by award-winning homebuilder Arthur Rutenberg, AR Homes® is a legendary name in homebuilding and is recognized for exceptional home designs, unrivaled elegance, quality craftsmanship, and enduring value. AR Homes® is independently owned and operated franchises located in Alabama, Florida, Georgia, Indiana, Ohio, North Carolina, South Carolina, Tennessee, Texas, and Virginia, with additional home-building companies and new home models anticipated to open throughout the country. To learn more about AR Homes®, visit www.ARHomes.com.