Flippo Construction Company, Inc. celebrated two major milestones Thursday, August 6, during its annual Shareholders Day event, marking the company’s 26th anniversary as an employee-owned company and 55 years in business.
Founded in 1971 by Earl Flippo, the Prince George’s County-based heavy civil construction company transitioned to employee ownership in 2000 when Mr. Flippo sold the company to the employees who helped build it. Today, Flippo Construction operates as a 100% employee-owned company through an Employee Stock Ownership Plan (ESOP), allowing its workforce to share directly in the company’s long-term growth and success.
The celebration brought together current employee-owners, retirees, elected officials, and community leaders to recognize the company’s history and the role employee ownership has played in its growth.