Welcoming Starcon & A/Z Corporation to the ESOP

ESOP

n By Rachel Ervin

2020 was a historic year for our Employee Stock Ownership Plan (ESOP). Team members from both Starcon and A/Z became eligible to participate in the Cianbro Team Equity Plan in 2019, and received their first contributions and stock shares in 2020, attributable to 2019’s success. Employee ownership is one of the core building blocks of our company, and we are thrilled to have team members from all of The Cianbro Companies in the ownership program.

We started our team member ownership journey in 1979, when the Cianchette brothers sold a portion of their shares to the retirement plan, to be shared with other members of the team. It was their long-term vision to become 100% employee owned, which would provide team members with the opportunity to share in the company’s success by working safely and being productive and efficient. They believed that the team members working beside them should be the future owners of the company. Today, the company is one of the largest ESOP companies in the country.

One of the greatest benefits of this is that it unites us and helps everyone work toward the same ownership goals. It instills a sense of responsibility within every team member. The culture and behaviors that it creates sets us apart from our competition. With every team member looking out for the best interest of the company, clients can feel confident in the work we produce. By owning a piece of The Cianbro Companies, team members have a special responsibility to their fellow owners and the company. Whether you are a carpenter, a welder, a supervisor, a field administrator or a member of the corporate office, your behavior has a direct impact on the financial success of our company.

This is a tremendous milestone for our company and we should all be proud of the behaviors exhibited that solidify that we truly are stronger together.