BusinessSaturday, November 7
Little Rock builder Baldwin & Shell becomes 100% employee-owned
The 5AM Little Rock team
If you know Baldwin & Shell Construction Co., here's the news: it announced Thursday that it's now 100% employee-owned through an employee stock ownership plan. Ownership moves from 39 shareholders to eligible employees.
100%of Baldwin & Shell is now employee-owned
The Little Rock contractor went from 39 shareholders to ownership by eligible employees.
Sources: Arkansas Business, Arkansas Money & Politics
ESOPs are retirement plans that hold shares in trust for eligible employees. Unlike a 401(k), employees aren't required to pay in, and benefits are typically paid after they retire or leave the company.
“Having 39 shareholders showed us the value of an ownership culture, and we wanted to extend that opportunity to the employees who make Baldwin & Shell successful every day.”
- Leadership: current team stays, and day-to-day operations continue as usual
- Offices: Little Rock, Springdale, Jonesboro and Memphis
- Anniversary: the firm is celebrating its 80th
$240 million+in Baldwin & Shell's revenue last year
The firm ranks 10th on Arkansas Business' list of the largest commercial contractors in Arkansas.
Source: Arkansas Business
Sources: Arkansas Business, Arkansas Money & Politics