<![CDATA[Construction ESOP Collective]]>How do Employee Stock Ownership Plans (ESOPs) change construction companies? Construction ESOP Collective explores employee ownership, succession planning, valuation, financing, surety, governance, leadership, culture, and employee wealth in the construction industry.

Hosted by Chuck Mazzanti, Senior Vice President at Christensen Group Insurance and founder of Construction ESOP Collective, the show features candid conversations with employee-owned contractors, founders, executives, advisors, and industry leaders. Guests share why companies chose an ESOP, how transactions were structured, what changed after closing, and how ownership affects growth and operations.

Whether you are a contractor exploring ownership transition, a construction executive leading an ESOP, or an advisor serving employee-owned businesses, this is your resource for practical stories and lessons from the people doing the work.

]]>https://www.constructionesopcollective.com/Riverside.fm (https://riverside.com)Wed, 12 Aug 2026 19:29:53 GMTTue, 03 Feb 2026 01:58:21 GMT60Chuck Mazzanti<p>How do Employee Stock Ownership Plans (ESOPs) change construction companies? Construction ESOP Collective explores employee ownership, succession planning, valuation, financing, surety, governance, leadership, culture, and employee wealth in the construction industry.</p><p>Hosted by Chuck Mazzanti, Senior Vice President at Christensen Group Insurance and founder of Construction ESOP Collective, the show features candid conversations with employee-owned contractors, founders, executives, advisors, and industry leaders. Guests share why companies chose an ESOP, how transactions were structured, what changed after closing, and how ownership affects growth and operations.</p><p>Whether you are a contractor exploring ownership transition, a construction executive leading an ESOP, or an advisor serving employee-owned businesses, this is your resource for practical stories and lessons from the people doing the work.</p>episodicChuck Mazzanticmazzanti@christensengroup.comno<![CDATA[How Legacy Utility Group Reached $84M and Chose Employee Ownership | David Jaeger]]>What happens when private equity comes calling, but selling the company could mean losing the team, culture, and control that built it?

David Jaeger, CEO of Legacy Utility Group and Nor-Cal Pipeline Services, joins Chuck Mazzanti to explain how the company grew from one truck and three employees to 225 employees and approximately $84 million in annual revenue.

When it was time to create liquidity for his father and plan the company’s future, David chose a 49% Employee Stock Ownership Plan instead of a private equity sale.

David takes listeners inside the ESOP transaction, including succession planning, employee communication, banking and surety relationships, transaction debt, union workforce considerations, recruiting, acquisitions, and the challenge of turning employee ownership into a lasting competitive advantage.

IN THIS EPISODE

• Why David chose an ESOP over private equity
• How Nor-Cal grew from one truck to $84 million in annual revenue
• What a 49% ESOP meant for succession, liquidity, and control
• How employee ownership can influence recruiting, retention, culture, and employee wealth
• What construction leaders should know about banking, bonding, governance, and acquisition growth

CONNECT & RESOURCES

Connect with David Jaeger on LinkedIn:
https://www.linkedin.com/in/david-jaeger-654b5154

Learn more about Legacy Utility Group:
https://www.legacyutilitygroup.com/

Learn more about Nor-Cal Pipeline Services:
https://norcalpipe.com/

Connect with Chuck Mazzanti on LinkedIn:
https://www.linkedin.com/in/chuck-mazzanti/

Visit the Construction ESOP Collective:
https://www.constructionesopcollective.com/

Follow the Construction ESOP Collective for practical conversations about construction ESOPs, employee ownership, succession planning, leadership, culture, and long-term growth.

]]>43ea838c-20ae-49e5-8140-a39243cacb0aThu, 06 Aug 2026 11:44:26 GMT<p>What happens when private equity comes calling, but selling the company could mean losing the team, culture, and control that built it?</p><p></p><p><b>David Jaeger</b>, CEO of<b> Legacy Utility Group</b> and <b>Nor-Cal Pipeline Services</b>, joins <b>Chuck Mazzanti</b> to explain how the company grew from one truck and three employees to 225 employees and approximately $84 million in annual revenue. </p><p></p><p>When it was time to create liquidity for his father and plan the company’s future, David chose a 49% Employee Stock Ownership Plan instead of a private equity sale.</p><p></p><p>David takes listeners inside the ESOP transaction, including succession planning, employee communication, banking and surety relationships, transaction debt, union workforce considerations, recruiting, acquisitions, and the challenge of turning employee ownership into a lasting competitive advantage.</p><p></p><p>IN THIS EPISODE</p><p><b>• Why David chose an ESOP over private equity<br />• How Nor-Cal grew from one truck to $84 million in annual revenue<br />• What a 49% ESOP meant for succession, liquidity, and control<br />• How employee ownership can influence recruiting, retention, culture, and employee wealth<br />• What construction leaders should know about banking, bonding, governance, and acquisition growth</b></p><p></p><p>CONNECT &amp; RESOURCES</p><p>Connect with David Jaeger on LinkedIn:<br /><a rel="noopener noreferrer nofollow" href="https://www.linkedin.com/in/david-jaeger-654b5154" target="_blank">https://www.linkedin.com/in/david-jaeger-654b5154</a></p><p>Learn more about Legacy Utility Group:<br /><a rel="noopener noreferrer nofollow" href="https://www.legacyutilitygroup.com/" target="_blank">https://www.legacyutilitygroup.com/</a></p><p>Learn more about Nor-Cal Pipeline Services:<br /><a rel="noopener noreferrer nofollow" href="https://norcalpipe.com/" target="_blank">https://norcalpipe.com/</a></p><p>Connect with Chuck Mazzanti on LinkedIn:<br /><a rel="noopener noreferrer nofollow" href="https://www.linkedin.com/in/chuck-mazzanti/" target="_blank">https://www.linkedin.com/in/chuck-mazzanti/</a></p><p>Visit the Construction ESOP Collective:<br /><a rel="noopener noreferrer nofollow" href="https://www.constructionesopcollective.com/" target="_blank">https://www.constructionesopcollective.com/</a></p><p>Follow the Construction ESOP Collective for practical conversations about construction ESOPs, employee ownership, succession planning, leadership, culture, and long-term growth.</p>no00:55:4213How Legacy Utility Group Reached $84M and Chose Employee Ownership | David Jaegerfull<![CDATA[The ESOP Growth Story: From $5 Million to $300 Million | Bob Whalen]]>An ESOP can be more than a succession plan. It can become an engine for growth, acquisitions, culture, and employee wealth.

Bob Whalen is the CEO of HB Global and author of Beyond Your Ownership. He joins Chuck Mazzanti to explain how a business purchased for a little over $5 million grew into an employee-owned enterprise that has created more than $300 million in equity value for employee owners.

Hear what it takes to scale through acquisitions, protect an ownership culture, and create lasting value for the people doing the work.

CONNECT & RESOURCES

Bob Whalen on LinkedIn:
https://www.linkedin.com/in/bob-whalen-4023a21b/

Beyond Your Ownership: How Employee Ownership Can Align Your Purpose, People, and Profit:
https://www.amazon.com/dp/1968164170

Learn more about HB Global:
https://hb-global.com/

Connect with Chuck Mazzanti on LinkedIn:
https://www.linkedin.com/in/chuck-mazzanti/

Visit the Construction ESOP Collective:
https://www.constructionesopcollective.com/

Follow the Construction ESOP Collective for more conversations with leaders building legacy, wealth, and stronger construction companies through employee ownership.

]]>6c48b6d1-9e5a-4792-9e4e-f749a6ad02b0Thu, 23 Jul 2026 10:30:00 GMT<p>An ESOP can be more than a succession plan. It can become an engine for growth, acquisitions, culture, and employee wealth.</p><p></p><p>Bob Whalen is the CEO of HB Global and author of Beyond Your Ownership. He joins Chuck Mazzanti to explain how a business purchased for a little over $5 million grew into an employee-owned enterprise that has created more than $300 million in equity value for employee owners.</p><p></p><p>Hear what it takes to scale through acquisitions, protect an ownership culture, and create lasting value for the people doing the work.</p><p></p><p><b>CONNECT &amp; RESOURCES</b></p><p></p><p>Bob Whalen on LinkedIn:<br /><a rel="noopener noreferrer nofollow" href="https://www.linkedin.com/in/bob-whalen-4023a21b/" target="_blank">https://www.linkedin.com/in/bob-whalen-4023a21b/</a></p><p>Beyond Your Ownership: How Employee Ownership Can Align Your Purpose, People, and Profit:<br /><a rel="noopener noreferrer nofollow" href="https://www.amazon.com/dp/1968164170" target="_blank">https://www.amazon.com/dp/1968164170</a></p><p>Learn more about HB Global:<br /><a rel="noopener noreferrer nofollow" href="https://hb-global.com/" target="_blank">https://hb-global.com/</a></p><p>Connect with Chuck Mazzanti on LinkedIn:<br /><a rel="noopener noreferrer nofollow" href="https://www.linkedin.com/in/chuck-mazzanti/" target="_blank">https://www.linkedin.com/in/chuck-mazzanti/</a></p><p>Visit the Construction ESOP Collective:<br /><a rel="noopener noreferrer nofollow" href="https://www.constructionesopcollective.com/" target="_blank">https://www.constructionesopcollective.com/</a></p><p></p><p>Follow the Construction ESOP Collective for more conversations with leaders building legacy, wealth, and stronger construction companies through employee ownership.</p>no00:52:1712The ESOP Growth Story: From $5 Million to $300 Million | Bob Whalenfull<![CDATA[The Power of Employee Ownership in Construction | Bill Duguay]]>What happens after a construction company sells to its employees, and how do you make sure the ESOP thrives long after the founder leaves?

Host Chuck Mazzanti sits down with Bill Duguay, Certified EOS Implementer and former president of a 700-person, 100% employee-owned Texas construction company, for a practical conversation about building durable employee ownership.

Bill shares lessons from inside an ESOP transition, including the transaction’s debt and surety implications; communicating ownership to field teams; aligning leadership, safety, and daily execution; and professionalizing the board as the company moves from a newly leveraged ESOP to a mature organization facing repurchase obligations and growth decisions.

They also explore how EOS can help construction companies run with greater clarity, accountability, predictability, and repeatability, and why a founder’s greatest gift may be building a business that can thrive without them.

In this episode:

• What construction leaders often underestimate about ESOP transactions

• Why surety conversations need to begin early

• How to make ownership tangible for employee-owners

• How boards should evolve through debt paydown, repurchase obligations, and M&A

• Why safety is both a human system and a top company KPI

• How EOS brings project-style discipline to running the business

• What succession planning looks like beyond the founder

Learn more about Bill:

https://implementer.eosworldwide.com/bill-duguay/

Connect with Bill on LinkedIn:

https://www.linkedin.com/in/billduguay-eos-esop-construction

Connect with your host, Chuck Mazzanti:

https://www.linkedin.com/in/chuck-mazzanti/

Learn more about Construction ESOP Collective:

https://constructionesopcollective.com/

Construction ESOP Collective

Built by the crew. Owned by the crew.

]]>96c86f4f-8b76-4c8c-b720-7ca51ccf4ca6Wed, 22 Jul 2026 13:49:54 GMT<p>What happens after a construction company sells to its employees, and how do you make sure the ESOP thrives long after the founder leaves?</p><p>Host Chuck Mazzanti sits down with Bill Duguay, Certified EOS Implementer and former president of a 700-person, 100% employee-owned Texas construction company, for a practical conversation about building durable employee ownership.</p><p>Bill shares lessons from inside an ESOP transition, including the transaction’s debt and surety implications; communicating ownership to field teams; aligning leadership, safety, and daily execution; and professionalizing the board as the company moves from a newly leveraged ESOP to a mature organization facing repurchase obligations and growth decisions.</p><p>They also explore how EOS can help construction companies run with greater clarity, accountability, predictability, and repeatability, and why a founder’s greatest gift may be building a business that can thrive without them.</p><p>In this episode:</p><p>• What construction leaders often underestimate about ESOP transactions</p><p>• Why surety conversations need to begin early</p><p>• How to make ownership tangible for employee-owners</p><p>• How boards should evolve through debt paydown, repurchase obligations, and M&amp;A</p><p>• Why safety is both a human system and a top company KPI</p><p>• How EOS brings project-style discipline to running the business</p><p>• What succession planning looks like beyond the founder</p><p>Learn more about Bill:</p><p><a rel="noopener noreferrer nofollow" href="https://implementer.eosworldwide.com/bill-duguay/" target="_blank">https://implementer.eosworldwide.com/bill-duguay/</a></p><p>Connect with Bill on LinkedIn:</p><p><a rel="noopener noreferrer nofollow" href="https://www.linkedin.com/in/billduguay-eos-esop-construction" target="_blank">https://www.linkedin.com/in/billduguay-eos-esop-construction</a></p><p>Connect with your host, Chuck Mazzanti:</p><p><a rel="noopener noreferrer nofollow" href="https://www.linkedin.com/in/chuck-mazzanti/" target="_blank">https://www.linkedin.com/in/chuck-mazzanti/</a></p><p>Learn more about Construction ESOP Collective:</p><p><a rel="noopener noreferrer nofollow" href="https://constructionesopcollective.com/" target="_blank">https://constructionesopcollective.com/</a></p><p>Construction ESOP Collective</p><p>Built by the crew. Owned by the crew.</p>no00:54:0911The Power of Employee Ownership in Construction | Bill Duguayfull<![CDATA[Construction ESOP Collective Trailer | Employee Ownership in Construction]]>Employee ownership is reshaping construction; creating wealth for employees, strengthening companies, and protecting legacies.

Hosted by Chuck Mazzanti, the show features candid conversations with construction leaders, employee-owners, and industry advisors about ESOPs, succession planning, safety, culture, leadership, and shared success.

Hear highlights from our first three conversations, then follow the show so you don’t miss what comes next.

Built by the crew. Owned by the crew.

Learn more: https://www.constructionesopcollective.com

]]>2c93864e-b38f-487e-97c7-66a02b4ccbb1Wed, 22 Jul 2026 11:59:33 GMT<p>Employee ownership is reshaping construction; creating wealth for employees, strengthening companies, and protecting legacies.</p><p></p><p>Hosted by Chuck Mazzanti, the show features candid conversations with construction leaders, employee-owners, and industry advisors about ESOPs, succession planning, safety, culture, leadership, and shared success.</p><p></p><p>Hear highlights from our first three conversations, then follow the show so you don’t miss what comes next.</p><p></p><p><b>Built by the crew. Owned by the crew.</b></p><p></p><p>Learn more: <a rel="noopener noreferrer nofollow" href="https://www.constructionesopcollective.com/" target="_blank">https://www.constructionesopcollective.com</a></p>no00:02:151Construction ESOP Collective Trailer | Employee Ownership in Constructiontrailer