A Greenfield-based specialty underground contractor has switched its ownership status. Midwest Mole Inc. says it has transitioned to an Employee Stock Ownership Plan following the retirement of second-generation owner and Chief Executive Officer Dan Liotti.
The company, which provides boring, trenchless tunneling, and directional drilling services throughout the Midwest, has been family owned since its founding in 1982.
Midwest Mole says going to an ESOP model provides “advantages for growth and employee retention without alteration of the management structure.”
“The change of ownership is expected to be a seamless transition for clients and vendors, as the company continues to focus on providing cost-effective and environmentally friendly trenchless solutions, working safely and creating a welcoming work environment,” the company said in a news release.
As a result of the transition, the company has updated its branding with a new logo and visual identity.