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| Black&Veatch ranked 12th largest employee-owned company in U.S. Black & Veatch, a leading global engineering, consulting and construction company, is the 12th largest majority employee-owned company in the United States, according to the 2007 rankings of the National Center for Employee Ownership (NCEO). Black & Veatch achieved the top ranking in the Kansas and Missouri region. Black & Veatch employs approximately 8,700 professionals in its global workforce, and more than 3,700 in the Kansas City area. Last year, Black & Veatch was ranked 13th by NCEO, a national non-profit information and membership organization, on its list of the 100 largest majority employee-owned companies. Black & Veatch's Employee Stock Ownership Plan (ESOP) owns the majority of the company and was initiated in 1999. The company, formed as a partnership in 1915, moved from its general partnership structure to an ESOP to provide a financial structure that helped spur growth of the company's business lines, including its global expansion, Daniel added. With $2.2 billion in revenues, Black & Veatch is also ranked on Forbes magazine's Top Private Companies' list. NCEO rankings are based on the number of company employees. According to NCEO, companies on its list must have a majority of their stock owned by an ESOP or similar plan or have a plan in which at least half the full-time employees meeting minimum service requirements own at least 50 percent of the shares. write your comments about the article :: © 2007 Construction News :: home page |