Stevens Point construction firm is now employee-owned through an Employee Stock Ownership Program (ESOP), securing its legacy for the future
STEVENS POINT, Wis. (Sept. 22, 2026) — Ellis Construction, a highly regarded, full-service construction company based in Stevens Point, Wisconsin, announces it has transitioned ownership of the company to its employees and is now 100% employee-owned through an Employee Stock Ownership Plan (ESOP).
An ESOP is a proven business structure that empowers employees by giving them a financial stake in the company’s success. For Ellis Construction, this transition is more than a business decision; it is a commitment to the communities across Central and Northern Wisconsin where the company has spent more than 90 years building lasting landmarks.
“This is an exciting step forward for Ellis Construction,” said Andrew Halverson, executive vice president of Ellis Construction. “Since 1932, this company has been family-owned and deeply rooted in the communities we serve. Transitioning to an ESOP keeps Ellis community-focused while giving the team members who have always been our backbone a direct stake in the company’s future.”
“My grandfather founded Ellis Construction and my father continued to build it into what it is today,” said Erik Carlson, president of Ellis Construction. “As a third-generation owner, I am proud to welcome my colleagues as owners of this outstanding organization. I know my family would be proud of the reputation Ellis has earned for quality craftsmanship and community service.”
Clients and construction partners can expect the same reliable operations and exceptional service from Ellis Construction. The company’s unwavering commitment to quality construction, innovative project solutions and customer satisfaction remains completely unchanged. For more information about Ellis Construction, visit elliswi.com.
