Title

Taking the Reins.

Authors

James McCarthy

Source

Mainebiz

Date

7-22-2013

Pages

1, 18-20.

Abstract

"Focus Real Estate/ Construction/Design" piece is an edited transcript of an interview with Herb R. Sargent, president of Sargent Corp., a heavy construction firm, who recently sold the company to its employees. Sargent discusses why he chose an Employee Stock Ownership Plan over other possibilities, how he arrived at a value for the stock, and what reactions have been from employees and peers.

Subjects

Sargent Corp, Stillwater, Employee Stock Ownership Plan

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