Midwest Mole Moves to Employee Stock Ownership, Prepares for Future with Refined Branding
August 25, 2020 by NASTT Staff
CEO, second-generation owner, Dan Liotti announces retirement
Greenfield, Indiana — August 25, 2020 — Midwest Mole Inc., a premiere specialty underground contractor providing boring, trenchless tunneling and directional drilling services throughout the Midwest and beyond, has announced that CEO and second-generation owner Dan Liotti is retiring.
Ownership of the family business founded in 1982 by Len Liotti will be transferred to an Employee Stock Ownership, in which the company’s employees own shares. “It’s 100% employee-owned,” states Jason Miller, president. An ESOP is a kind of employee benefit plan, similar to a profit-sharing plan, providing advantages for growth and employee retention without alteration of the management structure.
The change of ownership is expected to be a seamless transition for clients and vendors, as the company continues to focus on providing cost-effective and environmentally friendly trenchless solutions, working safely and creating a welcoming work environment.
Midwest Mole is considered a trenchless technology expert, tunneling under highways, railroads, buildings and airports on municipal and private sector projects, operating as either prime contractor or subcontractor. The majority of their work involves utilities or sewer, stormwater and water pipes.
To reflect these changes, Midwest Mole has refreshed its goals and mission statement and adopted new branding, which includes an updated logo and visual identity. The employee-owned company remains committed to long-standing industry relationships and delivering quality work in the demanding world of tunneling, building on their decades of experience to expand services geographically as part of their plan of growth for the future.
For more information, please contact David Howell at email@example.com.