Trending...
- Reserve Cup Series Unveiled: Reserve Cup Returns to Miami, Expands to Three Major Cities with New Elite Series Format
- PulteGroup breaks ground on new mortgage-free home for Wounded Veteran in Wells Landing
- New Indoor Pickleball Lounge and Award-winning "Eatertainment" Concept Now Open in Orlando
SAN MATEO, Calif. - Floridant -- The Menke Group, a leading full-service ESOP provider, announced that Brown Construction Incorporated, one of the largest general contractors in the greater Sacramento area and ENR Top 400 general contractor, has become 100% employee-owned with the help of The Menke Group. The Menke Group enabled Brown Construction to extend ownership of the company to their employees by way of an Employee Stock Ownership Plan (ESOP).
ESOPs are the most commonly-used forms of employee ownership in the United States, according to the National Center for Employee Ownership. An ESOP lets companies offer an attractive employee benefit to workers. In addition to helping create financial security for employees, an ESOP is designed to encourage and reward increased employee productivity and efficiency.
"We have found that a 5 or 10 percent increase in individual employee productivity can result in increasing company profitability by 50 percent or more," said Trevor Gilmore, CEO of The Menke Group. "The ESOP creates a direct link between employee productivity and employee retirement wealth, and nurtures a collaborative culture where the employee-owners and the bottom line can thrive."
More on The Floridant
ESOPs work particularly well in companies where human capital is a key component of success. An ESOP rewards and retains staff in a remarkably efficient manner, allowing for a well-executed succession strategy.
"An ESOP creates a great retirement benefit for our employees and ensures that our employees are rewarded for their hard work and the success of the company," said Ron Brown, President and CEO of Brown Construction. "It is also important to us that our current and future clients know that there is a transition plan in place and that Brown Construction will continue to operate for many years to come, with all of our valuable employees now being owners of the business. We want to thank the Menke Group for their excellent advice and counsel in structuring and launching the ESOP for us."
Brown Construction Incorporated was founded in Sacramento by Bill Brown in 1964. Current CEO, Ron Brown, purchased half of the company in 1996 and the remaining shares in 2002. With 130 employees, Brown Construction is known for the many notable projects they have built throughout California.
More on The Floridant
About The Menke Group
The Menke Group is America's largest and oldest ESOP advisor, with more than 50 years of experience creating and administering ESOPs. Menke has helped more than 4,000 companies become employee owned and has designed and installed ESOPs all over the United States, serving companies with as few as 10 employees and as many as 15,000 employees. The Menke Group was founded in 1974 by John Menke who co-authored the landmark federal ESOP legislation which subsequently spawned the industry. Visit The Menke Group at www.menke.com for more information.
ESOPs are the most commonly-used forms of employee ownership in the United States, according to the National Center for Employee Ownership. An ESOP lets companies offer an attractive employee benefit to workers. In addition to helping create financial security for employees, an ESOP is designed to encourage and reward increased employee productivity and efficiency.
"We have found that a 5 or 10 percent increase in individual employee productivity can result in increasing company profitability by 50 percent or more," said Trevor Gilmore, CEO of The Menke Group. "The ESOP creates a direct link between employee productivity and employee retirement wealth, and nurtures a collaborative culture where the employee-owners and the bottom line can thrive."
More on The Floridant
- Kurt Busch Returns to Racing at The Race Of Champions in Sydney, Australia
- Latest Updates to Pennsylvania Medical Malpractice and Birth Injury Law
- Best Plant Varieties for Windbreaks and Shelterbelts
- Shell Factory & Nature Park announces additional online auctions of remaining inventory
- Southwest Florida Proton hires Dr. Shannon MacDonald as medical director
ESOPs work particularly well in companies where human capital is a key component of success. An ESOP rewards and retains staff in a remarkably efficient manner, allowing for a well-executed succession strategy.
"An ESOP creates a great retirement benefit for our employees and ensures that our employees are rewarded for their hard work and the success of the company," said Ron Brown, President and CEO of Brown Construction. "It is also important to us that our current and future clients know that there is a transition plan in place and that Brown Construction will continue to operate for many years to come, with all of our valuable employees now being owners of the business. We want to thank the Menke Group for their excellent advice and counsel in structuring and launching the ESOP for us."
Brown Construction Incorporated was founded in Sacramento by Bill Brown in 1964. Current CEO, Ron Brown, purchased half of the company in 1996 and the remaining shares in 2002. With 130 employees, Brown Construction is known for the many notable projects they have built throughout California.
More on The Floridant
- 12th Annual Miami Schools Conference to gather leading educators and experts on February 1 i
- Genuine Hospitality, LLC Expands Leadership Team with Key Appointments
- Dezerland Park Orlando to host Decade Days January 24-26
- New-and-Improved Caribbean-Food Website Dishes Out Free Ground-Shipping Offer; Affiliate Program Garnished with Generous Commission
- Better Together, The Journey Church to host community job fair Jan. 22 in Fernandina Beach
About The Menke Group
The Menke Group is America's largest and oldest ESOP advisor, with more than 50 years of experience creating and administering ESOPs. Menke has helped more than 4,000 companies become employee owned and has designed and installed ESOPs all over the United States, serving companies with as few as 10 employees and as many as 15,000 employees. The Menke Group was founded in 1974 by John Menke who co-authored the landmark federal ESOP legislation which subsequently spawned the industry. Visit The Menke Group at www.menke.com for more information.
Source: The Menke Group
0 Comments
Latest on The Floridant
- Jacksonville: CITY OF JACKSONVILLE ISSUES HEATING SAFETY TIPS WITH CONTINUED COLD WEATHER
- Jacksonville: CITY OF JACKSONVILLE UPDATE ON HOMELESS OUTREACH EFFORTS
- Protecting the Integrity of Basketball's Highest Honor in Sportsmanship
- Pearl White Media Expands E-Commerce Web Design Services to Florida
- Comp-U-Floor ERP to Showcase All-in-One Flooring Software at TISE 2025
- "Cannabis Industry Dream Team" Launches GreenFlow Systems to Revolutionize Manufacturing Standards
- Crestview Embroidery Launches T-Shirt Printing Services for Local Businesses and Schools
- Bill Edwards Honored with Tampa Bay Lightning Community Hero Award for Exceptional Community Service
- Sequentex Announces Strategic Partnership with OTAVA
- Former Undercover Officer Unveils Thrilling Mafia Tales in New Book, Ten Seventy Eight
- 3 Simple Ways to Save on Payroll in 2025: Insights from Halfpricesoft's Latest Research
- Pawganja Token: Redefining Cryptocurrency with Transparency and Philanthropy
- TD Charitable Foundation Awards Goodwill $5K to support the MicroEnterprise Institute
- Alex Katz- Portraits and Landscapes Through the Seasons
- Sunshine Ace Hardware's Holiday Round Up nets $57,605 for Children's Miracle Network
- Smart Desk by Lesmo Living: Redefining the Modern Workspace
- Investor Workshop at Mar-A-Lago, $27 Million for Acquisitions and Drug Treatment of Suicidal Depression: NRx Pharmaceuticals, Inc. (Stock S: NRXP)
- Tickets available for Wonder Gardens' 2025 Gala: An Enchanted Oasis
- Lake Austin Home with Private Boat Slip Set for Sale at Luxury Auction® Jan 18
- EFLOW FX Launches AI Agent ΣΦW f(x) for Record Returns