Brinkman Construction goes 100 percent employee-owned

FORT COLLINS — Brinkman Construction announced on Thursday that the company has become 100 percent employee-owned through creation of an Employee Stock Ownership Plan, or ESOP.

Cofounders Kevin and Paul Brinkman and company president Jim Ciesla sold 100 percent of their ownership to the plan.

Paul Brinkman, the company’s CEO, said Thursday that he couldn’t disclose the amount the ESOP paid or specific details of the way the ESOP will work. But the company’s core leadership will stay in place.

ESOPs can vary in structure. But essentially, the ESOP owns the company, and employees are allocated a certain number of shares each year…