It’s official: We’re among the country’s largest employee-owned construction companies.
The National Center for Employee Ownership (NCEO) 2015 Employee Ownership 100 list places us sixth in the industry with 1,360 employees. We’re also the top employee-owned company of any type in Arizona.
Our company established its Employee Stock Ownership Plan (ESOP) in 1972 to create a heightened sense of dedication and commitment among company employees, and to establish the next generation of company owners. We have employees in Arizona, California, New Mexico and Texas.
“Sundt’s unusual employee-ownership structure links individual success with customer success, which leads to greater value because it promotes collaborative innovation, disciplined execution and pride of ownership,” said Dan Haag, Sundt’s Chief Administrative Officer.
That shows in employee-owner loyalty. Almost 20 percent of our workforce has been with the company for at least 10 years.
NCEO’s list includes the nation’s largest companies that are at least 50 percent owned by an ESOP or other broad-based employee ownership plan. We are 100 percent employee-owned. Ninety percent of the companies on the list have ESOPs and many have more than one plan.
NCEO is a non-profit information and research organization on all forms of broad-based employee ownership.