Beitzel Corporation and its subsidiaries, Pillar Innovations and Beitzel Corporate Services, announced that all employees are now beneficial owners of the companies through the creation of an Employee Stock Ownership Plan (ESOP). This milestone reflects a shared commitment to preserving company culture, strengthening long-term stability, and rewarding the people who power the organizations’ success every day.
The ESOP transition positions Beitzel and Pillar for sustainable growth while keeping ownership local and aligned with the workforce. By becoming employee-owned, the companies aim to deepen engagement, enhance retention, and continue delivering best-in-class service to customers nationwide across industrial services, electrical construction, engineering, and innovation-driven solutions.
The announcement was made to the employees through the roll-out of a new Vision Statement – “Take Ownership.”
“This is an exciting moment for our organizations,” said Shawn Bender, President and CEO. “Our employees have always been the foundation of our success. Becoming an ESOP ensures that the people who build our value every day can share directly in the fruits of their labor by taking ownership of their part of the work.”
Other leadership echoed the sentiment, emphasizing the cultural impact of the move.
“Our teams bring a relentless work ethic and a can-do mindset to every project,” said Justin Stephens, Executive Vice President. “Employee ownership formalizes what’s always been true here—our people think and act like owners. This transition strengthens our ability to innovate for customers while investing in our workforce and the communities we serve.”
The ESOP structure supports continuity for customers and partners by maintaining the companies’ strategic direction and leadership. Day-to-day operations will remain unchanged, with a continued focus on safety, quality, innovation, and customer outcomes. The organizations will continue to invest in workforce development, technology, and community partnerships across its service areas.
About Beitzel Corporation:
Founded in 1974, Beitzel Corporation is a leading provider of industrial construction and services in the energy, infrastructure, and heavy industrial markets. With a strong presence across the Mid-Atlantic and national reach, Beitzel is known for operational excellence, safety, and customer-focused delivery.
About Pillar Innovations:
Pillar Innovations delivers technical solutions and integrated manufacturing in the energy, infrastructure, and manufacturing markets. The company provides industrial services including electrical, automation, IoT, and fiber optics from its Morgantown, WV; Charleston, WV; Evansville, IN; Farmington, NM and Knoxville, TN locations. Its Grantsville, MD facility is home to engineering, fabrication, machining, and assembly facilities.
Article courtesy of The Garrett County Republican - Staff Reports. Photo courtesy of Beitzel Corporation.
