Construction ESOP
Collective
Built by the Crew.
Owned by the Crew.
Employee Stock Ownership Plans for Construction Companies
Construction ESOPs are one of the least understood exit strategies in the industry, and one of the best fitting. If you are a contractor exploring succession planning, a CFO weighing exit options, or a construction leader trying to understand how an employee stock ownership plan would actually work in a bonded, project-based business, this is where you will find answers. Real operators, real results, no theory. New here? Start with the complete guide to construction ESOPs.
Hear it from the people who did it.
LATEST CONVERSATION · EPISODE 8 · Financing and valuation
Why Contractors Sell to an ESOP, and When They Shouldn't
Jeremy Garrett · Lazear Capital Partners
Jeremy Garrett grew up around his dad's electrical contracting company in Lake Orion, Michigan, which his father ran for more than 40 years before…
Conversations with leaders from
Lazear Capital Partners · Waterline Industries · Harkins Builders · Sessa Sheet Metal Contractors · Christensen Group · Legacy Utility Group · HB Global · J.D. Abrams
The people behind
employee ownership.
EPISODE 7 · Succession
Ralph Dumke
Waterline Industries
Ralph Dumke started Waterline Industries 30 days after the 1987 stock market crash with a pickup truck, a shovel and his house on the line for…
EPISODE 6 · Leadership
Ben Nichols
Harkins Builders
Ben Nichols is a third-generation Marine and Naval Academy graduate who led combat engineers in Afghanistan and served with the Navy Seabees before…
EPISODE 5 · Leadership
Bobby Sigmon
Sessa Sheet Metal Contractors
Bobby Sigmon began his career at Sessa Sheet Metal Contractors as an apprentice and worked his way to president over a 25-year career. He joins Chuck…
A practical guide to construction ESOPs.
Understand the structure, the financial realities, and the culture behind an employee-owned contractor.
ESOP basics
Feasibility and succession
Surety bonding
Ownership culture
Built to Own
My newsletter on construction ESOPs, surety and risk. Recent issues are below.
Podcast · 8 min read
Former J.D. Abrams CEO Bill Duguay on what a construction ESOP demands after closing: boards, surety and bonding, communication, and safety.
Surety & Bonding · 7 min read
Heavy bonding does not rule out an ESOP. What sureties see at close, the three moves that protect your program, and how to sequence the conversation.
ESOP Transactions · 4 min read
For mature construction ESOPs, the repurchase obligation is the biggest cash demand. Here's how the same structure funds growth through acquisitions.
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New issues and podcast episodes on construction ESOPs, surety, and succession. No spam.
YOUR HOST · CHUCK MAZZANTI, CRIS
A conversation
worth having.
I've spent more than 15 years helping contractors with risk, surety, and insurance. As SVP at Christensen Group, a 100% employee-owned brokerage, I don't just study ESOPs. I live inside one every day.
On the show, I bring the questions construction leaders are asking to the people who have lived the answers.
