Construction service companies, Vollers, which includes Vollers Excavating & Construction Inc., HVI Services LLC, Layout Inc. and has a strategic partnership with Assuncao Brothers announced that it has transitioned to 100% employee ownership.
This transition marks a significant milestone in the company’s history, reinforcing its commitment to its employees and ensuring the longevity of the company’s legacy.
In 2024, the North Branch celebrated 75 years in business. Leadership will remain under the current executive team, led by CEO Brendan Murray and President Chris Vollers, as well as the current board of directors.
“This announcement could not come at a better time in the life of VOLLERS,” Murray said. “We have just celebrated 75 years in business, and the opportunity to recognize our employees through this transition is the greatest way to celebrate.”
“This transition honors the legacy of my grandparents, Herb and Nancy Vollers, who built this company on the foundation of family, hard work, and dedication,” Chris Vollers said. “We are excited to empower our employees as stewards of the company’s future, ensuring that their hard work directly contributes to their financial and professional growth.”
“We have always said that our employees are our biggest priority. Our team is where the production happens, where customers are served, where community interface takes place. To us, there was no other option than enabling the employees to own and operate the company in the future,” Tom Vollers, chairman of the board.
“VOLLERS has cultivated a culture defined by commitment, dependability, and an unwavering sense of pride in our work, making the transition to an Employee Stock Ownership Plan (ESOP) a natural evolution of who we are,” Carol Weisneck, director of Human Resources said.
