ERW Site Solutions, a fast-growing construction management firm based in Fort Worth, Texas, became employee-owned following the successful closing of an ESOP transaction in late 2024. The company, which has expanded significantly through strategic acquisitions since its founding in 2015, now joins a growing list of more than 6,500 ESOP-owned companies nationwide—324 of which are based in Texas.

Rick Hennessey, Director, noted that while interest in ESOPs is gaining momentum—especially given concerns around retirement security and income inequality—awareness remains a barrier. “Most owners think their only options are private equity, a competitor, or family succession,” he said. “ESOPs provide a compelling alternative that offers liquidity while giving employees a meaningful stake in the company’s success.”

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