Proud to be employee-owned through the Employee Stock Ownership Plan (ESOP)
In 1992, the Lemberg family sold the company to its employees under the Employee Stock Ownership Plan (ESOP). In 1998, the ESOP trust became the 100% shareholder of the company.
What is an ESOP?
Lemberg’s ESOP is a retirement plan set up by Lemberg and invested primarily in company stock. The ESOP provides qualified employees “beneficial ownership,” which enables vested employees to share in the rewards of the company’s success at no cost. Employees become more and more vested in the company over time. ESOP-owners benefit from the stock value and growth of the company, which is impacted through every decision, every project, and every relationship.
What does employee ownership mean for our customers?
It means we are motivated to provide our customers with
- quality, innovative and complete solutions,
- efficient project management,
- expert craftsmanship,
- and safe operations.
We partner with a network of suppliers, vendors and contractors that model the same sense of ownership so we can bring our customers the very best value.
It is this dedication – this distinct sense of pride -- that creates success for our company. It defines our culture, drives our daily interactions, and shapes our customer experience.