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ESOP Essentials 2024

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V O L . X X X N O. X X I V § 2 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 R . 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 R . M E A G H E R Maine's largest ESOPs Ranked by number of Maine employees Purchase this list and more as an Excel document at mainebiz.biz/DataCenter @ Maine's largest ESOPs Ranked by number of Maine employees No. of Maine employees % ESOP-owned Top executive Year founded ESOP founded 1 Cianbro 1 101 Cianbro Square, Pittsfield 04967 487-3311 • cianbro.com 900 100% Peter "Andi" Vigue 1949 1979 2 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% Daniel Clapp 3 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 Food City Holdings Inc. 65 East Ave., Lewiston 04240 784-7020 • foodcitymkt.com 205 4 100% Zak Sclar 1985 2019 8 Reed & Reed Inc. P.O. Box 370, Woolwich 04579 443-9747 • reed-reed.com 200 100% Jackson A. Parker 1928 2016 9 Dennis Food Service 101 Mecaw Road, Hampden 04444 947-0321 • dennisfoodservice.com 190 100% Rick Robertson 1908 2015 10 ABM Mechanical 33 Dowd Road, Unit 1, Bangor 04401 992-9250 • abmmechanical.com 180 100% Albert W. Allen 1995 2016 11 Katahdin Trust Co. 11 Main St., Patten 04765 528-2211 • katahdintrust.com 176 4 2.58% 4 Jon Prescott 1918 2016 12 Lanco Integrated 12 Thomas Drive, Westbrook 04092 773-2060 • lancointegrated.com 165 4 100% Bob Kuniega David Walden 1984 2008 13 Systems Engineering Inc. 120 Exchange St., Portland 04101 888-624-6737 • systemsengineering.com 163 100% Matt McGrath 1988 2007 14 Daigle Oil Co. P.O. Box 328, Fort Kent 04743 834-5027 • daigleoil.com 155 100% Carter Vaillancourt Doug Taggett 1955 2015 15 Bull Moose Music 1192 Forest Ave., Portland 04103 226-0963 • bullmoose.com 150 100% Shawn Nichols 1989 2022 16 Haley Ward Inc. One Merchants Plaza, Suite 701, Bangor 04401 989-4824 • haleyward.com 134 100% Denis St. Peter PE Travis Noyes PE 1978 2020 17 Knickerbocker Group 5 3 Builders Square, Boothbay 04537 633-3818 • knickerbockergroup.com 132 100% Danielle Betts 1978 2017 18 J.S. McCarthy Packaging & Print 6 15 Darin Drive, Augusta 04330 622-6241 • jsmccarthy.com 127 100% Jon Tardiff 1947 2019 19 ProSearch 70 Center St., Portland 04112 775-7600 • prosearchmaine.com 125 100% Ed McKersie 1994 2017 20 Sebago Technics 75 John Roberts Road, Suite 4A, South Portland 04106 200-2100 • sebagotechnics.com 110 100% Mark Adams 1981 1998 7 SOURCE: Each ESOP via survey. Note: Portland's Clark Insurance was acquired by Marsh McLennan Agency in June 2022 and is no longer an ESOP. 1 In March, consolidated construction management services under A/Z Corp., a North Stonington, Conn.-based building contractor acquired by Cianbro in 2019 2 Reached 100% employee-owned in 2004 3 Clapp will serve in this capacity until summer 2025 when Fortunat Mueller plans to return from a one-year sabbatical. 4 Data from 2023 survey 5 Additional locations at 82 Hanover St. in Portland and 21 Stanwood St. in Brunswick 6 Formerly known as J.S. McCarthy Printers 7 Reached 100% employee-owned in 2007 -This list was compiled by Stephanie R. Meagher and updated since publication in the March 18, 2024, issue of Mainebiz. Maine's largest ESOPs Ranked by number of Maine employees No. of Maine employees % ESOP-owned Top executive Year founded ESOP founded 1 Cianbro 1 101 Cianbro Square, Pittsfield 04967 487-3311 • cianbro.com 900 100% Peter "Andi" Vigue 1949 1979 2 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% Daniel Clapp 3 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 Food City Holdings Inc. 65 East Ave., Lewiston 04240 784-7020 • foodcitymkt.com 205 4 100% Zak Sclar 1985 2019 8 Reed & Reed Inc. P.O. Box 370, Woolwich 04579 443-9747 • reed-reed.com 200 100% Jackson A. Parker 1928 2016 9 Dennis Food Service 101 Mecaw Road, Hampden 04444 947-0321 • dennisfoodservice.com 190 100% Rick Robertson 1908 2015 10 ABM Mechanical 33 Dowd Road, Unit 1, Bangor 04401 992-9250 • abmmechanical.com 180 100% Albert W. Allen 1995 2016 11 Katahdin Trust Co. 11 Main St., Patten 04765 528-2211 • katahdintrust.com 176 4 2.58% 4 Jon Prescott 1918 2016 12 Lanco Integrated 12 Thomas Drive, Westbrook 04092 773-2060 • lancointegrated.com 165 4 100% Bob Kuniega David Walden 1984 2008 13 Systems Engineering Inc. 120 Exchange St., Portland 04101 888-624-6737 • systemsengineering.com 163 100% Matt McGrath 1988 2007 14 Daigle Oil Co. P.O. Box 328, Fort Kent 04743 834-5027 • daigleoil.com 155 100% Carter Vaillancourt Doug Taggett 1955 2015 15 Bull Moose Music 1192 Forest Ave., Portland 04103 226-0963 • bullmoose.com 150 100% Shawn Nichols 1989 2022 16 Haley Ward Inc. One Merchants Plaza, Suite 701, Bangor 04401 989-4824 • haleyward.com 134 100% Denis St. Peter PE Travis Noyes PE 1978 2020 17 Knickerbocker Group 5 3 Builders Square, Boothbay 04537 633-3818 • knickerbockergroup.com 132 100% Danielle Betts 1978 2017 18 J.S. McCarthy Packaging & Print 6 15 Darin Drive, Augusta 04330 622-6241 • jsmccarthy.com 127 100% Jon Tardiff 1947 2019 19 ProSearch 70 Center St., Portland 04112 775-7600 • prosearchmaine.com 125 100% Ed McKersie 1994 2017 20 Sebago Technics 75 John Roberts Road, Suite 4A, South Portland 04106 200-2100 • sebagotechnics.com 110 100% Mark Adams 1981 1998 7 SOURCE: Each ESOP via survey. Note: Portland's Clark Insurance was acquired by Marsh McLennan Agency in June 2022 and is no longer an ESOP. 1 In March, consolidated construction management services under A/Z Corp., a North Stonington, Conn.-based building contractor acquired by Cianbro in 2019 2 Reached 100% employee-owned in 2004 3 Clapp will serve in this capacity until summer 2025 when Fortunat Mueller plans to return from a one-year sabbatical. 4 Data from 2023 survey 5 Additional locations at 82 Hanover St. in Portland and 21 Stanwood St. in Brunswick 6 Formerly known as J.S. McCarthy Printers 7 Reached 100% employee-owned in 2007 -This list was compiled by Stephanie R. Meagher and updated since publication in the March 18, 2024, issue of Mainebiz.

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