Cianbro Creates 500 New Employee Owners through 100% ESOP

June 21st, 2019

Pittsfield, MA based Cianbro, a construction firm with 4,000 employees and operations in 41 states, is expanding its footprint with the acquisition the engineering and construction firm A/Z Corporation of North Stonington, Connecticut.

A/Z’s 500 employees will become equity participants in the expanded company through Cianbro’s employee stock ownership plan. Cianbro is 100% ESOP-owned.

Cianbro Construction of Pittsfield, MA is 100% Employee Owned

Employee Stock Ownership Plans or “ESOPs” are a viable tool for shareholders and companies to create smooth succession plans while enhancing employee productivity.

Menke & Associates, Inc. is the largest ESOP advisor in the country having created over 3,500 ESOPs in all 50 states, including Colorado, in our 45 year history.

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