Issue link: https://nebusinessmedia.uberflip.com/i/1545756
76 Worcester Business Journal | Book of Lists 2026 | wbjournal.com Largest employee-owned companies (1) Ranked by number of local employees, then % employee owned Company Local employees/ worldwide employees Type of business/ year founded % ESOP- owned/ year ESOP started Top executive(s) 1 Consigli Building Group Inc. 72 Sumner St., Milford 01757 508-473-2580 • consigli.com 825 2,600 Construction & commercial contracting 1905 100% 2018 Anthony Consigli CEO Matthew Consigli president 2 David Clark Co. Inc. 360 Franklin St., Worcester 01604 508-751-5800 • davidclarkcompany.com 200 200 Manufacturing 1935 100% 2007 Richard Urella president 3 James Monroe Wire & Cable 767 Sterling Road, Lancaster 01561 978-368-0131 • jamesmonroewire.com 138 138 Manufacturing of custom wire and cable products 1977 32% (2) 1999 Patricia Fisher owner David M. Fisher president 4 Concord Building & Design Center 55 White St., Littleton 01460 978-486-9877 • concordbdc.com 135 N/A Building supply store 1946 100% 1996 Chris Maffetone president 5 Central Coating Technologies Inc. 165 Shrewsbury St., West Boylston 01583 508-835-6225 • centralcoating.com 75 (3) N/A Manufacturing 1970 100% 2004 James Ambrose president Michael Kennedy vice president 6 The Vault Retail Inc. 78 Worcester Road, Webster 01570 774-520-2420 • thevaultma.com 66 66 Adult-use cannabis dispensaries 2021 100% 2024 Johnny Moretti president 7 Landry's Bicycles 78 Turnpike Road, Westborough 01581 508-655-1990 • landrys.com 60 150 Bicycle retail 1922 100% 2009 James Ray IV director of business operations Patricia Brant director of retail operations 7 Swissturn U.S.A. Inc. 21 Dana Road, Oxford 01540 508-987-6211 • swissturn.com 60 160 Manufacturing of precision machined components 1987 100% 2015 Kenneth Mandile CEO Rick LaViolette president 9 Dale Medical Products 40 Kenwood Circle, Suite 7, Franklin 02038 800-343-3980 • dalemed.com 55 (4) N/A Medical equipment & supplies 1961 (5) 100% 2021 Bob Simpson CEO 10 Shawmut Design and Construction 20 Franklin St., Worcester 01608 774-389-4005 • shawmut.com 50 1,500 Construction, commercial contracting 1982 100% 1998 Kevin Sullivan executive vice president, New England region 10 Worcester Manufacturing 35 New St., Worcester 01605 508-791-2555 • worcestermanufacturing.com 50 (6) N/A Manufacturing & metal fabrication 1938 100% 2012 Charles Flanagan president 12 Process Cooling Systems Inc. 800 Research Drive, Leominster 01453 978-537-1996 • processcooling.net 48 59 Manufacturing of industrial cooling systems 1963 (7) 49% 2023 Ted Rudy president David Doucet treasurer & operations manager 13 Wirefab Inc. 75 Blackstone River Road, Worcester 01607 508-754-5359 • wirefab.com 40 45 Wire and metal manufacturing 1955 33% 1991 Peter Armanetti president 14 Quirk Wire Co. Inc. dba Wirecraft Products 146 East Main St., West Brookfield 01585 508-867-3155 • quirkwire.com 38 (4) N/A Manufacturing 1956 100% 2003 Eric Ostiguy president 15 Web Industries Inc. 293 Boston Post Road West, Suite 510, Marlborough 01752 508-898-2988 • webindustries.com 28 500 Precision converting & outsource manufacturing 1969 100% 1985 John Madej president & CEO Suzanne Rotherham chief operating officer 16 Burkart-Phelan Inc. 2 Shaker Road, Suite D107, Shirley 01464 978-425-4500 • burkart.com 25 25 Manufacturing of musical instruments 1982 100% 2022 Lillian Burkart president and co-founder 17 Lampin Corp. 38 River Road, P.O. Box 327, Uxbridge 01569 508-278-2422 • lampin.com 15 32 Manufacturing & precision machining 1962 100% 2006 John Biagioni president 18 Colonial Systems 1 Distribution Center Circle, Suite 500, Littleton 01460 978-657-6508 • colonialsystems.com 10 150 Office furniture, wall installation, warehousing 1992 100% 2020 Scott Lynch president & CEO 19 Luvak Laboratories 722 Main St., Boylston 01505 508-869-6401 • luvak.com 9 9 Materials testing 1970 N/A 1974 David Wood president Dean Gaskill general manager 20 Daymark Energy Advisors 370 Main St., Suite 325, Worcester 01608 617-778-5515 • daymarkea.com 4 (8) 36 (8) Advisers to energy sector 1980 100% 2001 Marc D. Montalvo president & CEO Source: Each company via survey as of Q1-Q2 2026 and U.S. Department of Labor form 5500 filings. Notes: Littleton's Diamond Antenna and Microwave Corp. was acquired by Boston-based Artemis Capital Partners in November 2024; the ESOP was paid out in April 2026. Research indicates the following are ESOP companies, but data could not be confirmed by press time: Clinton's Darmann Abrasive Products, Worcester's Feingold Cos., Hopkinton's Richmond Group and Marlborough's Tata & Howard Inc. N/A=not available. (1) Includes companies headquartered in Central Mass. with employee stock ownership plans, or ESOPs (2) Employee-ownership percentage confirmed via jamesmonroewire.com. (3) From WBJ's 2025 survey (4) From WBJ's 2023 survey (5) Founded in Sharon as Baka Manufacturing Co. (6) Data from worcestermanufacturing.com (7) Opened Leominster facility in 2019 (8) From WBJ's 2024 survey -Compiled by: Stephanie R. Meagher, research@nebusinessmedia.com F O C U S G E N E R A L I N T E R E S T F O C U S Top six ESOP industries The manufacturing industry leads the way nationally in ESOP participation. Source: National Center for Employee Ownership Percentage of total ESOPs 20% Manufacturing 19% Professional, science, and tech services 17% Construction 13% Finance, insurance, and real estate 9% Wholesale trade 6% Retail trade 9% Wholesale trade 6% Retail trade