NEW YORK (Oct. 25, 2023) — Schimenti Construction, a construction services firm, announced its transition to an employee stock ownership plan (ESOP). This step highlights the company's commitment to its customers, trade partners and employees while remaining dedicated to supporting a workplace culture of community, collaboration, service and safety.
Under this new structure, eligible employees will become beneficial owners of the company, allowing them to in its success and contribute to its future growth and stability.
Matthew C. Schimenti will remain fully committed to the company, continuing to serve in his leadership role as president. “Schimenti Construction has been built on a foundation of teamwork, dedication and grit,” said Schimenti. “Transitioning to an ESOP is a natural progression for us, as it aligns with our core values and empowers our employees to become even more invested in our collective success.”
Schimenti’s executive leadership team will remain committed to business operations and support employees into the next growth phase while representing the shared interests of all clients and trade partners as owners and relationship-driven builders.
