Schimenti Announces Transition to Employee-Owned Company (ESOP)

Matthew C. Schimenti

By October 24, 2023Featured, People, Practice, Press

Schimenti Construction, a leading construction services firm, announces its transition to an Employee Stock Ownership Plan (ESOP). This critical 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.

The decision to become an ESOP is a testament to Schimenti Construction’s strong belief in the value of its employees and their integral role in the company’s continued growth and prosperity. Schimenti has spent decades building an enviable reputation as one of the nation’s leading general contractors. Clients continually rely on Schimenti to exceed their expectations on every project for some of the most prominent brands in the world. Under this new structure, eligible employees will become beneficial owners of the company, allowing them to continue this legacy of client excellence, share 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. 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. – Matthew C. Schimenti, President


“Our customers can trust that their priorities are at the forefront of our business strategy, and this new structure only enhances our ability to develop solutions that meet and exceed our customers’ evolving needs while we drive our company into the future,” said Schimenti. 

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.  

More than pride of ownership, Schimenti Construction remains dedicated to delivering a professional experience to every client, everywhere. Their clients and trade partners will have the continued confidence to build with Schimenti repeatedly. Now, as an employee-owned company, all employees are responsible and accountable for delivering exceptional results while championing the company’s mission to Build Different in the construction industry. 

Additional details and leadership updates will be announced in the coming months.

Featured In: Construction Business Owners Magazine

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