Terra Engineering and Construction Corp., of Madison, says it will transfer 25% ownership of the company to its non-union employees through an employee stock ownership plan. Terra specializes in earth retention systems, energy pipelines, utilities, landfill gas systems and watercourse projects, among other contracting services.
President and CEO Scott Zimmerman said the company will transition from family ownership to employee ownership to reward employees for their hard work in building the 45-year-old business. The 90-employee company, with offices in Madison and Milwaukee, has grown from a small operation started by Gary Zimmerman, Sr., in 1972, to a $40 million enterprise run by his sons Scott and Gary Zimmerman. “This is the legacy Gary and I want to give to our community, our employees and our industry,” Scott Zimmerman said.
Read more: Terra Engineering changing ownership