HENRY, MEISENHEIMER & GENDE, INC. BECOMES 100% EMPLOYEE-OWNED
Henry, Meisenheimer & Gende, Inc. (HMG), dba HMG Engineers, Inc., a multidiscipline engineering firm headquartered in Breese, IL, is now a 100% employee-owned company through the creation of an Employee Stock Ownership Plan (ESOP).
An ESOP is an employee benefit plan, which provides company stock to employees as part of their retirement benefits. By becoming 100% employee-owned, all outstanding company stock is now held in trust by the ESOP. HMG will continue to operate under the same business model and management structure.
“We are excited to announce our transition to 100% employee-ownership,” said Brad Hummert, President/CEO of HMG. “Becoming employee-owned allows us to reward our employees for their contributions to our success, while enabling them to play an integral role in our future. Our founders envisioned a multi-generational company that would withstand the test of time. The ESOP will contribute greatly to that end.”
Founded in 1966 by Dale Henry, Harold Meisenheimer & Bob Gende, HMG provides civil, transportation, structural, and environmental engineering and land surveying to federal, state and local governments and private/industrial clients throughout Illinois and neighboring states. In addition to the Breese corporate office, HMG maintains offices in Metropolis, IL, Murphysboro, IL and Troy, IL. HMG also owns minority interest in two affiliates, RHMG Engineers, Inc. in Mundelein, IL, and Asaturian Eaton & Associates, Inc. in Carbondale, IL.
HENRY, MEISENHEIMER & GENDE, INC. AND ASATURIAN EATON & ASSOCIATES, INC. ANNOUNCE AFFILIATION
Henry, Meisenheimer & Gende, Inc. (HMG), dba HMG Engineers, Inc., a 100% employee-owned multidiscipline engineering firm headquartered in Breese has reached an agreement to acquire a minority interest in Asaturian Eaton & Associates, Inc. (AE), a Carbondale-based civil, mechanical, & electrical engineering and land surveying firm.
Founded in 1966, HMG provides civil, transportation, structural, and environmental engineering and land surveying to federal, state and local governments and private/industrial clients throughout Illinois and neighboring states. In addition to the,Breese corporate office, HMG maintains offices in Metropolis, Murphysboro and Troy. HMG’s other affiliate, RHMG Engineers, Inc., is based in Mundelein, IL. Founded in 1982, AE provides civil, mechanical, and electrical engineering and land surveying to educational, municipal, governmental, industrial, commercial housing, private developers and healthcare clients throughout southern Illinois. This affiliation will expand the resources, knowledge and experience of both firms, allowing them to provide added value and continued exceptional professional service to their clients.
HMG Engineers, Inc. Included in St. Louis Business Journal List of Largest Engineering Firms
HMG Engineers, Inc. ranks as the 20th largest engineering firm in the St. Louis metropolitan area in the annual list published by the St. Louis Business Journal in its May 4-10, 2018 edition, with 19 licensed professional engineers. Among firms headquartered in Illinois, HMG ranks as the second largest.
Rankings are based on number of local licensed professional engineers.