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Updated: 10 hours ago 2025 ESOP Essentials

Sargent Corporation

Photo courtesy of Sargent Corp.

Operational Overview

Sargent is a heavy civil construction company building the infrastructure that communities rely on across the Northeast and Mid-Atlantic. Our employee-owners bring expertise in:

  • Renewable energy projects — solar and wind development.
  • Highways, roads & municipal utilities — from interstates to local roadways and underground utility work.
  • Landfills & site development — earthmoving, capping, drainage, and mass excavation.
  • Airport infrastructure — taxiways, runways, and drainage systems.
  • Alternate delivery methods — design-build and value engineering for large, complex projects.

Sargent has a rich, nearly century-long history and continues to focus on preparing the next generation of employee-owners, leading into its second century.

Employee Participation & Benefits

Employee ownership drives performance. Since becoming 100% ESOP-owned in 2013, every employee shares directly in the company’s growth. Stock is allocated each year based on pay and tenure, requiring no employee investment. On average, the ESOP provides a benefit equal to at least 12% of compensation, building long-term wealth for retirement.

Being an ESOP also shapes decisions: leaders weigh choices not just for short-term gain, but for the long-term well-being of all 550 employee-owners. That ownership mentality strengthens accountability, care for equipment, and commitment to quality.

Professional growth is another key benefit. Through Sargent’s paid Construction Academy, industry training, and career-path planning, employees are encouraged to build skills and pursue advancement on and off projects.

Photo courtesy of Sargent Corp.

Company Culture

Sargent’s culture celebrates ownership and teamwork. Annual company meetings include the ESOP stock price reveal and events during “ESOP Month.” The Sargent On Track podcast and weekly newsletter highlight accomplishments and shout-outs from the field, ensuring employee recognition is front and center.

This culture supports both recruiting and retention. After 900 hours of work in a year, employees become ESOP participants—an immediate and compelling incentive to stay and grow. Clients also recognize the difference: working with Sargent means working with hundreds of employee-owners invested in delivering quality.

Photo courtesy of Sargent Corp.

Community & Social Impact

Sargent supports scholarships, trade school partnerships, nonprofit donations, and volunteer projects in the communities where we work. Contributions are chosen with local impact in mind, and success is measured not only in dollars given but in employee participation and positive community feedback.

For Sargent, ownership extends beyond the workplace. Building infrastructure is matched by building stronger communities—an essential part of what it means to be 100% employee-owned.

Photo courtesy of Sargent Corp.

Company Info

Company ownership held by employees through the ESOP: 100%

President & CEO: Eric Ritchie

Employees: 550 employee-owners

Main Office: 3 Godfrey Drive, Orono

Founded: 1926 by Herbert E. Sargent

ESOP Start Year: 2013