Knickerbocker Group is pleased to announce the transition of the company to an employee stock ownership plan, aka an ESOP, as of April 2017. After years of considerable thought and planning, Steve Malcom, the company’s owner and CEO, decided the optimal course for Knickerbocker Group’s future is to essentially convey the company to its employees in the form of an ESOP. Malcom supports this transition with the belief that Knickerbocker group is what it is today due to the collective hard work, dedication, vision, and passion of its team.
Knickerbocker Group, located in Boothbay and Portland, offers architecture, interior design, custom cabinetry, and construction services for homes and commercial spaces. The natural outcome of attracting a great group of Maine talent has been the growth and evolution of Knickerbocker Group’s original business, Boothbay Home Builders, founded by Malcom in 1978. Since then, Knickerbocker Group has become a team of nearly 50 employees recognized as being at the forefront of architecture and construction management within the state. Learn more at knickerbockergroup.com.
More information on how ESOPs work can be found at esopassociation.org/explore.