BOWA formalizes its culture of ownership, and aligns its governance structure with a broader commitment to employees, clients, partners, community, and the environment by going ESOP
There was an 8% increase in workers participating in ESOPs over the past decade, but the Department of Labor wants that number to grow more.
Company recently announced the company was transitioning to an employee ownership structure
Daniel Aronowitz, the head of EBSA, had previously pledged to ‘end the war’ on employee stock ownership plans.
"As employee-owners, we will all share more closely in what we build together by continuing to provide quality workmanship and first-class customer service”
Florida-based contractor adopts ESOP structure to stay independent and reinforce long-term stability for clients and employees
For decades, Pogue Construction has been defined by the strength of its people and the Core Values that guide how we work, treat others, and serve our communities.
Pogue was Built Together and is now Owned Together.
Company leaders said the decision came after developing a succession plan that would preserve its local roots.