June 21st, 2019
Pittsfield, MA based Cianbro, a construction firm with 4,000 employees and operations in 41 states, is expanding its footprint with the acquisition the engineering and construction firm A/Z Corporation of North Stonington, Connecticut.
A/Z’s 500 employees will become equity participants in the expanded company through Cianbro’s employee stock ownership plan. Cianbro is 100% ESOP-owned.
Cianbro Construction of Pittsfield, MA is 100% Employee Owned
Read More at: https://fox23maine.com/news/local/cianbro-acquires-500-employee-connecticut-construction-firm
Employee Stock Ownership Plans or “ESOPs” are a viable tool for shareholders and companies to create smooth succession plans while enhancing employee productivity.
Menke & Associates, Inc. is the largest ESOP advisor in the country having created over 3,500 ESOPs in all 50 states, including Colorado, in our 45 year history.
