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ESOP

Business is Always Personal

by Brian T. King, President, A M King on September 13, 2021

“This is just business.  It’s not personal.” I remember the first time I heard those words. It is a story I have told repeatedly over the years. It was in the early 1990s and I was a young manager dealing with a difficult situation on a project. Making the situation more difficult was one specific…

Topics: Featured, People
A M King, AM King, ESOP

DHG Webinar – ESOPs: Advantages and Considerations for Construction & Real Estate Companies

by GroundBreak Carolinas on September 8, 2021

A privately-owned business reflects a lifetime of hard work, and it is understandable to wish those values to continue when it is time for a company to change hands. With an ESOP, an owner will have the opportunity to establish a legacy and help provide for the future of the company’s employees that have helped…

Topics: Business
DHG, DHG Construction, Dixon Hughes Goodman, ESOP

Majority of Construction ESOPs Not Significantly Impacted by COVID-19

by Prairie Capital Advisors, Inc. on February 14, 2021

Prairie Capital Advisors, Inc. (“Prairie”), a leading middle-market investment bank, recently released its ESOP Construction Industry Survey. Prairie works with owners of private construction businesses across the country, providing advisory services to support their growth and ownership transition strategies. Many of its clients in the construction industry have decided on an ESOP as part of…

Topics: Business, Finance / Bonding
Construction, ESOP

Best Practices for Considering and Implementing ESOPs

by Jennie Muniz, Managing Director, DHG on February 13, 2021

Employee stock ownership plans (ESOPs) are employee benefit plans that buy a portion of a company’s shares for employees that become vested over time. These plans have many advantages for businesses, business owners, and employees. Following are three steps that companies should take if they are considering an ESOP implementation. Seek Knowledgeable Advice Companies should seek advice…

Topics: Accounting
DHG, Dixon Hughes Goodman, ESOP

Choate Construction Becomes Employee-Owned

by GroundBreak Staff on December 16, 2016

Choate Construction Company recently announced that it is transferring beneficial ownership to its employees. The commercial construction firm has become 100% employee owned via the newly created Choate Employee Stock Ownership Plan (ESOP) Trust. “Choate is a tight-knit family, and we truly care for each other. We were solicited continuously over the years by larger…

Topics: Finance / Bonding
Choate Construction, ESOP

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What We’re Reading

  • On the Move: Abigail Kingsmore
    Source: Upstate Business Journal Published on July 1, 2022
  • GSP leaders plan for measured growth, but no space flights anytime soon
    Source: Upstate Business Journal Published on July 1, 2022
  • Picture this: Wastequip’s Iredell County plant leads the roll-out-cart industry
    Source: Business North Carolina Published on July 1, 2022
  • Photos: Southern First Bank opening
    Source: Upstate Business Journal Published on July 1, 2022
  • Point taken: Gary Chesson’s path to success in N.C. real estate
    Source: Business North Carolina Published on July 1, 2022

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