Baldwin & Shell Construction Co. announced Thursday (Nov. 5) that it has become 100% employee-owned through the establishment of an employee stock ownership plan (ESOP), giving eligible employees a direct stake in the company’s future.
The ownership move is occurring during the company’s 80th anniversary.
The transition expands ownership from 39 shareholders to a 100% employee-owned company that will benefit eligible employees. The decision followed a review of Baldwin & Shell’s long-term succession needs and builds on a culture that has long valued the contributions of its people…