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V O L . X X X N O. V I M A R C H 1 8 , 2 0 2 4 42 T H E L I S T C O M P I L E D B Y S T E P H A N I E M E A G H E R C O M P I L E D B Y S T E P H A N I E M E A G H E R Securities offered through Valmark Securities, Inc. Member FINRA, SIPC. Investment Advisory Services offered through Valmark Advisers, Inc. a SEC Registered Investment Advisor. 130 Springside Drive, Suite 300 Akron, OH 44333-2431 Phone: 800-765-5201. Lebel & Harriman, LLP is a separate entity from Valmark Securities, Inc. and Valmark Advisers, Inc. Retirement Plan Advisors | Business Succession Consulting | Executive Benefits Financial Planning | Investment Management | Insurance Fiduciary Experts: Helping Employee-Owned Companies Manage their Retirement Plans 1 Reached 100% employee-owned in 2004 2 Formerly known as J.S. McCarthy Printers N O T E : Unable to confirm data for Lewiston's Food City Holdings, Patten's Katahdin Trust Co. or Westbrook's Lanco Integrated by press time; the companies reported 205, 176 and 165 Maine employees respectively in 2023. Portland's Clark Insurance was acquired by Marsh McLennan Agency in June 2022 and is no longer an ESOP. S O U R C E : Each ESOP via survey. Purchase this list and more as an Excel document at mainebiz.biz/DataCenter @ Maine's largest ESOPs Ranked by number of Maine employees Maine's largest ESOPs Ranked by number of Maine employees No. of Maine employees % ESOP-owned Top executive Year founded ESOP founded 1 Cianbro 101 Cianbro Square , Pittsfield 04967 487-3311 • cianbro.com 900 100 % Peter "Andi" Vigue 1949 1979 1 2 Sargent 3 Godfrey Drive , Orono 04473 827-4435 • sargent.us 350 100 % Herb R. Sargent Eric Ritchie 1926 2013 3 Johnny's Selected Seeds 955 Benton Ave. , Winslow 04901 861-3900 • johnnyseeds.com 327 100 % David Mehlhorn 1974 2006 4 ReVision Energy 758 Westbrook St. , South Portland 04106 221-6342 • revisionenergy.com 273 100 % Fortunat Mueller 2003 2017 5 Johnson & Jordan Inc. 18 Mussey Road , Scarborough 04074 883-8345 • johnsonandjordan.com 265 100 % Christopher Jordan 1991 2016 6 Moody's Coworker Owned Inc. 200 Narragansett St. , Gorham 04038 839-2500 • moodyscollision.com 254 54 % Danielle Moody Shawn Moody 1977 2003 7 Reed & Reed Inc. P.O. Box 370 , Woolwich 04579 443-9747 • reed-reed.com 200 100 % Jackson A. Parker 1928 2016 8 Dennis Food Service 101 Mecaw Road , Hampden 04444 947-0321 • dennisfoodservice.com 190 100 % Rick Robertson 1908 2015 9 Systems Engineering Inc. 120 Exchange St. , Portland 04101 888-624-6737 • systemsengineering.com 163 100 % Matt McGrath 1988 2007 10 Daigle Oil Co. P.O. Box 328 , Fort Kent 04743 834-5027 • daigleoil.com 155 100 % Carter Vaillancourt Doug Taggett 1955 2015 11 Bull Moose Music 1192 Forest Ave. , Portland 04103 226-0963 • bullmoose.com 150 100 % Shawn Nichols 1989 2022 12 J.S. McCarthy Packaging & Print 2 15 Darin Drive , Augusta 04330 622-6241 • jsmccarthy.com 127 100 % Jon Tardiff 1947 2019 13 Haley Ward Inc. One Merchants Plaza, Suite 701 , Bangor 04401 989-4824 • haleyward.com 126 100 % Denis St. Peter 1978 2020 14 ProSearch 70 Center St. , Portland 04112 775-7600 • prosearchmaine.com 125 100 % Ed McKersie 1994 2017 SOURCE: Each ESOP via survey. Note: Unable to confirm data for Lewiston's Food City Holdings, Patten's Katahdin Trust Co. or Westbrook's Lanco Integrated by press time; the companies reported 205, 176 and 165 Maine employees respectively in 2023. Portland's Clark Insurance was acquired by Marsh McLennan Agency in June 2022 and is no longer an ESOP. 1 Reached 100% employee-owned in 2004 2 Formerly known as J.S. McCarthy Printers - This list was compiled by Stephanie R. Meagher and published in the March 18, 2024 issue of Mainebiz. R EAD TH E FU LL LI S T I N OU R NEW S PEC I AL PU BLI C ATI ON ESOP ESSENTIALS TH I S FALL!