Ownership culture offers competitive advantages and results in strong employee retention
Newly released rankings of the nation’s employee owned companies show Black & Veatch is the largest majority employee owned company in Kansas and the 12th largest in the United States. It also ranks 3rd nationally among engineering companies.
The 2015 rankings were recently published by the National Center for Employee Ownership (NCEO). NCEO is a non-profit information, and research organization on all forms of broad based employee ownership. Its 100 largest majority employee owned companies list is ranked by workforce number.
“Black & Veatch’s employee owned structure is a competitive and operational advantage,” said Karen Daniel, Chief Financial Officer.
“The more efficient capital structure fuels global growth. It also facilitates long careers for our professionals and continues to provide opportunities to share in the company’s success. We believe our employee ownership culture is a key factor in our ability to attract and retain top quality professionals in a competitive industry.”
Karen Daniel, Chief Financial Officer
On August 12, Black & Veatch celebrated its 100th anniversary. It was formed as a partnership in 1915 between founders E.B. Black and N.T. Veatch. In 1956, Veatch announced the formation of a general partnership. The company moved from the general partnership structure to an Employee Stock Ownership Plan in 1999. Black & Veatch completed its transition to a 100 percent ESOP ownership in January 2015.
Black & Veatch is also ranked on Forbes magazine’s Top Private Companies’ list.
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About Black & Veatch
Black & Veatch is an employee-owned, global leader in building critical human infrastructure in Energy, Water, Telecommunications and Government Services. Since 1915, we have helped our clients improve the lives of people in over 100 countries through consulting, engineering, construction, operations and program management. Our revenues in 2018 were US$3.5 billion. Follow us on www.bv.com and in social media.
