Oregon construction firm now fully employee-owned

LMC Construction has transitioned to a 100 percent employee-owned company through an Employee Stock Ownership Plan (ESOP). The change took effect Dec. 31, 2024, but was announced March 7. The Tualatin-based LMC has more than 130 employees.

Founded in 2004, LMC has built more than 200 projects, including more than 14,000 apartments, with a construction value of more than $2 billion.

“This transition is about securing the future of LMC and rewarding the people who have made this company what it is today,” LMC President and CEO Chris Duffin stated in a news release. “By becoming an ESOP, we are giving our employees the opportunity to share in our continued growth and success, ensuring stability for our clients and partners for years to come.”

Under the ESOP structure, all eligible employees will become beneficial owners of LMC Construction at no cost to them. The company’s leadership team will remain in place, and day-to-day operations will continue as usual. The move aligns LMC with other successful employee-owned construction firms nationwide and reinforces its commitment to a collaborative, high-performance culture.

LMC has built numerous affordable housing projects in the Pacific Northwest. They include Naya Generations and 72Foster in Southeast Portland, and Red Rock Creek Commons in Tigard. The company won DJC Top Projects awards in 2024 for Central Park Place in Vancouver, Washington; Colonia Paz II in Lebanon; and The Holman hotel in Salem.

As seen in the Daily Journal of Commerce Oregon.