38A — April 27 - May 10, 2012 — Mid Atlantic Real Estate Journal
www.marejournal.com O wners , D evelopers & M anagers A multi-discipline A/E/E firm BL Companies announces 100% employee ownership
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M
eriden, CT — BL Companies, a multi- disciplinary archi-
an ESOP (“Employee Stock Ownership Plan”) – an ERISA regulated plan. “As a client works with our employees, they are working with an employee owner who understands the importance of client service and meeting our project commitments”, said Carolyn Stanworth, president and CEO of BL Companies. “Our employee owners have the chance to be financially successful based on their hard work, performance and that of their colleagues.” “The Leadership Team at BL Companies shares a
the plastic packaging material resolved the problem and re- duced energy consumption. Step 3: Test the performance of equipment and systems. Testing provides you with the information you need to com- municate your successes. More importantly, it provides analyti- cal data to help locate problems before they become critical issues. Step 4: Educate staff. Your maintenance staff is respon- sible for ensuring all systems are properly maintained and should be well educated on how to keep systems optimized. Following these steps will help you establish a process to verify that each building sys- tem conforms to specifications, contracts, and performance test requirements. This article is based on BOMI International’s Design, Opera- tion, andMaintenance of Build- ing Systems, Part I coursebook. For more information on BOMI International’s educational of- ferings visit www.bomi.org . n BOMI International continued from page 37A BL Companies, an em- ployee-owned firm, deliver- ing high-quality, integrated architecture, engineering and environmental services to public and private clients for land development, build- ing design, and infrastructure projects. Our multi-discipline approach allows us to provide creative, sustainable solu- tions to each client’s specific project needs. n strong belief in the value of employees and moving to- wards a structure where all employees are owners was a natural extension of this belief”, said Stanworth. “As owners, employees benefit directly as their hard work increases the value of the Company. The Company also benefits from the efforts of employees, and those benefits go back to all owners — the employees themselves.” As a multi-discipline A/E/E firm, BL Companies success requires significant collabora- tion by all of its professionals. The culture created by all employee owners benefiting from BL’s success has been instrumental in meeting the demands of our clients and achieving the growth and expanding geographic reach that BL enjoys.
tecture, engineering and en- vironmental (A/E/E) firm providing services to public and private clients in the Northeast and Mid-Atlantic, celebrated becoming 100% employee owned on December 31, 2011. Through a transaction with its 9 shareholders at the end of 2011, the Company pur- chased the remaining 20% of outstanding shares of stock to become 100% owned by all of its employees through
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