The Douglas Company, a recognized industry-leading general contractor in commercial construction, proudly announces becoming a 100% employee-owned company through a newly created Employee Stock Ownership Plan (“ESOP“) as of 2021.
Founded in 1976 by Bruce Douglas, headquartered in Holland, Ohio, with a second office in Orlando, Florida. The Company was built by a team of hard-working, committed men and women, battle-tested processes, and a core purpose and core values. “Employee ownership complements our core values and focus on quality customer service. In fact, now that they are owners, Douglas Company employees will share our Company’s financial and operational success in ways that few employees do. That means they will have an even stronger commitment to serving you. Because, as our customers succeed, so do all of Douglas Company’s new employee-owners,” said Peter Douglas, President of The Douglas Company
“We are excited about this important development in our business. ESOP companies have higher growth rates and better employee retention than other forms of ownership,” Mr. Douglas explained. “Becoming an employee-owned company ensures that The Douglas Company will remain an independent, locally operated company. The values that have allowed us to prosper for 45 years will continue unchanged.”
The move to an ESOP will not change the management structure of The Douglas Company. Peter Douglas continues to steer the direction in his current role as President. The executive team members also remain in their roles. The Company remains committed to promoting a positive and professional work environment where people matter.
The Douglas Company
The Douglas Company, headquartered in Holland, Ohio, with a second office located in Orlando, Florida, is a recognized industry leader in commercial construction, specializing in Senior Living and Multi-Family Housing in a wide variety of markets.
A 100% employee-owned ESOP company since 2021 and a seven-time honoree on the INC. 5000 list of fastest-growing private companies, we have been providing construction services to clients for over 45 years. As a result of our experience and knowledge, our integrated Integri-D Process was developed to ensure our clients’ success! We manage every aspect of the client’s project from up-front cost control, preconstruction services, construction management through completion and turnover.
For more information on this story or inquiries about The Douglas Company, please contact Bob Ritter, Director of Business Development, at 419-865-8600 or visit The Douglas Company website: www.douglascompany.com.Read More >