McAninch Is Proud To Be Employee Owned

Since 1967, McAninch has thrived as a family-owned enterprise and a leader in the grading and excavating industry. Effective Sept. 15, 2023, McAninch became something more — 100% employee owned.

McAninch CEO and founder Doug McAninch wanted to establish a succession plan that preserved the strong McAninch culture, while rewarding employees for their dedication. The move to make McAninch employee owned, or officially part of an Employee Stock Ownership Plan (ESOP), makes employees owners with equity in the company and added retirement benefits, enabling them to share in the company’s success.

Implementing an ESOP instills financial motivation and ownership accountability — a benefit to employees and clients, as employee-owned businesses outperform those that are not employee-owned. McAninch’s commitment to its workforce and the long-term success of the organization is an investment in future generations.

Why You Should Work for an Employee-Owned Company

To be a leader in the grading and underground utilities industry by providing our customers with innovative and exceptional services, focused on meeting project goals.

Growth Potential
Members of an employee-owned company have the power to affect the value of ESOP shares, as these are influenced by the success and profitability of the company. Values fluctuate based on annual performance, but if the company does especially well, there can be significant share value increases year to year. And with time, ESOP allocations grow.  Employee ownership fuels employee motivation to contribute to the company’s growth and success.

Job Security
Research shows employee-owned companies perform better than companies that are not employee-owned. Having ‘skin in the game’ with an owners’ mentality adds financial motivation to work harder, creatively solve problems and work efficiently as a team. When the company does well, employee owners do well — and stay on the job. 

Retirement Benefits
An employee-owned company provides employees with a portion of the company’s stock at its current market value, serving as a retirement fund for each individual. Becoming an employee owner supplements retirement plans, a unique and valuable benefit not found at many companies (there are less than 8,000 ESOPs in the United States). As a result, employees of employee-owned companies tend to have far more retirement assets than workers in comparable non-ESOP companies. 

Culture Preservation
Since 1967, the McAninch team has never wavered from our customer-centric approach we call the McAninch Difference. This means: 

• Getting the job done on time and within budget;
• Never compromising on our standards; and
• Staying true to our values and giving back to our community.

With employees collectively owning the company, the family-like work environment and strong McAninch culture and brand remain intact.