Broomfield, Colo., Sept. 3, 2013— MWH Global today announced that it is the 15th largest majority employee-owned company in the U.S., according to the National Center for Employee Ownership’s (NCEO) new Employee Ownership 100 list. To be on the list a company must have a majority of its stock owned by an employee stock ownership plan or other broad-based employee ownership plan. MWH Global, the wet infrastructure sector leader and provider of strategic consulting, environmental engineering and construction services, has grown from small beginnings nearly 200 years ago to one of the largest water-infrastructure firms in the world.
Companies appearing on the NCEO list range from super markets, technology and photography services to engineering and construction firms, dairy companies and manufacturing operations. The top 100 listed companies employ more than 673,000 people, and many are 100% employee-owned. Publix Supermarkets, the largest company on this year’s index, has 159,000 employees.
There are currently about 10,900 companies with ESOPs or other broad-based employee ownership plans in the U.S., an estimated 40% of which own a majority of their companies stock. ESOP companies employ 10.3 million people and have just under $900 billion in assets. Research shows that employee-owned companies grow significantly faster, have much lower turnover, and are much more financially stable than comparable conventional companies.
According to Chief Financial Officer David Barnes, MWH has experienced significant growth over the last 10 years. In 2012, the company saw $1.6 billion in global revenue.
“MWH Global is an extraordinary company with many talented employees who all contribute to our continued success,” he said. “Like all of our other employee shareholders around the world, I am proud to be part of the MWH story. We are working hard every day to live our purpose of Building a Better World.”
MWH has nearly 8,000 employees in 35 countries spanning six continents. The company implements projects that focus on water and energy infrastructure, and is committed to sustainable development. Currently MWH is the lead technical of the key components for the third set of locks for the $5.25 billion expansion of the 51-mile-long Panama Canal.