_____________________________________________________________________________________________ L & S Construction
Roberto Miranda and Abel Guevara have been responsible for installing pipelines in notable developments like Rancho Mission Viejo, The Great Park, Newport Coast and many others throughout Southern California.
“ Our employees have had a huge impact in building L & S, so in 2006 that effort was rewarded. The employee ownership plan started when one of the founders, Bill Larkin, sold a piece of the company back to the staff through ESOP. It started out as 30 percent, but by 2012, L & S Construction was 100 percent employee owned.
“ It’ s been beneficial in a lot of ways. Everyone has a vested interest in the company’ s success, so we invest a lot back into our operations. We have top-of-therange equipment and deliver the highest possible quality service. After all, if we must go back and fix something, it’ s money out of our pocket.
“ With shared profits and accountability, everyone is at the top of their game. A lot of the employees who were around when the ESOP started are now retired, and reaping the rewards of their hard work. It’ s a strong motivator for everyone involved.”
Successful legacy
Alongside elevating quality, the employee ownership plan also helps keep everyone united. Their shared values give the company a clear vision for the future, as Mike details:“ We’ ve always stressed fairness in everything we do. A lot of clients like to work with us because we’ re fair to them, and in return, they’ re fair to us. It’ s open, honest, and transparent. We benefit from a lot of repeat business, and that’ s in part because we can build mutually beneficial, longlasting partnerships.
“ That sense of fairness has been built between the company and clients as well as between the company and employees. Loyalty has been a huge factor in our success. Our employees stay with us for a
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