On the day that Montgomery County utility provider Quadvest completed its $540 million sale earlier this month, CEO Simon Sequeira gave every employee a gift and a personalized letter that promised to change their lives.
In the letters, Sequeira wrote something nice about each employee and what he remembered about the work they had done for the company. Included too was an estimate of each employee's share of $40 million in bonuses divided up among 115 of them that Sequeira's family would distribute as part of the sale.
"The people who gave some of the best years of their lives to us, we just thought it was the right thing to do," Sequeira said in an interview, "to reward them for all their hard work."
What’s changing?: Quadvest now has more than 100,000 customers, Sequeira said and that could double in a few years with Montgomery County's expected growth. The Magnolia-based utility provider has stressed that customers shouldn’t expect any hiccups in the changing of the guard.