About Us

Mid South Building Supply is a wholesale distributor of residential building products. We supply remodeling contractors and residential home builders. We specialize primarily in kitchen and bath cabinetry, exterior siding products, and new and replacement windows and doors.     Mid South provides value-added installation services to its building and remodeling customers through some of our branches.

The company was founded in 1966 and remained family owned until 1985 when its founders sold the business to the Mid South Building Supply Employee Stock Ownership Trust. Mid South immediately became one of the first 100% employee owned, 100% bank-financed transactions to occur in the ESOP community.All of are Employees have a vested stake in the company which creates a commitment to the success of not only our company but as well as yours. You wont find better customer service anywhere in the industry. Click here to watch a video about our company!


 

A Message From the Employee Owners

To all customers and website visitors,

"We would like to welcome you to Mid South. As an employee-owned company we understand that our most valuable resource is our customers. For over 40 years we have been a trusted partner in the construction business with the highest degree of service and dedication. As you will see on this website, we have a very well-rounded product offering within our three main categories (siding, windows, and cabinetry). We have a long list of contractor references that are available upon request that would support our commitment. Please feel free to contact us should you have any questions or concerns."

Mid South Employees, Owners

What is an ESOP?

An Employee Stock Ownership Plan (ESOP) is an employee benefit plan which makes the employees of a company owners of stock in that company. Several features make ESOPs unique as compared to other employee benefit plans. First, only an ESOP is required by law to invest primarily in the securities of the sponsoring employer. Second, an ESOP is unique among qualified employee benefit plans in its ability to borrow money. As a result, "leveraged ESOPs" may be used as a technique of corporate finance.

How Do ESOPs Work?

A company which wants to set up an ESOP creates a trust to which it makes annual contributions. These contributions are allocated to individual employee accounts within the trust. A number of different formulas may be used for allocation. The most common is allocation in proportion to compensation, but formulas allocating stock according to years of service, some combination of compensation and years of service, and equally, have all been used. Typically employees might join the plan and begin receiving allocations after completing one year of service with the company, where any year in which an employee works at least 1000 hours is counted as a year of service.

The shares of company stock and other plan assets allocated to employees' accounts must vest before employees are entitled to receive them. Vesting is a process whereby employees become entitled to an increasing percentage of their accounts over time.

- See more at: http://www.esopassociation.org/explore/how-esops-work#sthash.UyIVVDAl.dpuf 

How Do ESOPs Work?

A company which wants to set up an ESOP creates a trust to which it makes annual contributions. These contributions are allocated to individual employee accounts within the trust. A number of different formulas may be used for allocation. The most common is allocation in proportion to compensation, but formulas allocating stock according to years of service, some combination of compensation and years of service, and equally, have all been used. Typically employees might join the plan and begin receiving allocations after completing one year of service with the company, where any year in which an employee works at least 1000 hours is counted as a year of service. The shares of company stock and other plan assets allocated to employees' accounts must vest before employees are entitled to receive them. Vesting is a process whereby employees become entitled to an increasing percentage of their accounts over time.

For more information regarding Employee Ownership please Click Here