Construction Companies and ESOPs

Mar 2, 2021 | Timothy L. Stewart

ESOPs have become increasingly popular in the construction industry. This article discusses the inherent employee-engagement advantages that ESOPs offer, focusing on construction companies in Kansas.  Most notably, a recent survey at the construction firm McCownGordon showed that 98% of employees were engaged in their 100%-employee-owned company.

It is also noteworthy that, according to the National Center for Employee Ownership, of the 2,420 “large” ESOP companies (companies with 100+ employees), 12 percent of them are in the construction industry.  We are seeing this trend continuing into 2021, as ESOPs gain popularity for both general contractors and subcontractors.

About The Author

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Tim is President & Managing Partner of DeWitt. He is also a partner in the Greater Milwaukee office specializing in Employee Stock Ownership Plans (ESOPs) and Employee Benefits. He can be reached at 262-754-2869.

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