Western Specialty Contractors Becomes Employee-Owned After 110 Years

Leading construction firm transitions to ESOP model, recognizing employee contributions and positioning for long-term growth.

Published on Feb. 22, 2026

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Western Specialty Contractors, a national provider of specialty construction, restoration, and concrete services, has transitioned to an Employee Stock Ownership Plan (ESOP) after 110 years of family ownership. This move allows Western's employees to acquire a meaningful ownership stake, ensuring long-term continuity, reinforcing the firm's employee-centric culture, and preserving its independence for future generations.

Why it matters

The ESOP structure provides Western Specialty Contractors with a new ownership solution that supports ongoing investment in operations, leadership development, and strategic growth initiatives, while aligning employees directly with the company's long-term performance. This transition reflects Western's commitment to rewarding the employees whose dedication has driven the company's success for over a century.

The details

As part of this transition, Western's leadership team is evolving. Paul Gillstrom, the former CFO, has moved into a newly created role as Chief ESOP & Strategy Officer to lead the company's strategy and ensure the long-term success of the ESOP. Additionally, Scott Fortkamp has been appointed as the new Chief Financial Officer, bringing over 25 years of experience in finance, accounting, and supporting M&A and capital raising activities.

  • Western Specialty Contractors was founded in 1915.
  • The ESOP transition was announced on February 18, 2026.

The players

Western Specialty Contractors

A leading national provider of specialty construction, restoration, and concrete services, founded in 1915.

Ben Bishop Jr.

Chairman and Chief Executive Officer of Western Specialty Contractors.

Paul Gillstrom

Former CFO of Western Specialty Contractors, now in the newly created role of Chief ESOP & Strategy Officer.

Scott Fortkamp

The new Chief Financial Officer of Western Specialty Contractors, with over 25 years of experience in finance and accounting.

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What they’re saying

“Our employees are the foundation of Western Specialty Contractors' success. Transitioning ownership to an ESOP allows us to recognize their contributions in a meaningful way while positioning the company for long-term stability and growth.”

— Ben Bishop Jr., Chairman and Chief Executive Officer

What’s next

The ESOP transition will allow Western Specialty Contractors to continue investing in its operations, leadership development, and strategic growth initiatives, while ensuring long-term stability and independence for the company.

The takeaway

Western Specialty Contractors' transition to an ESOP model demonstrates the company's commitment to its employees and its desire to preserve its legacy as a family-owned business. This move positions the firm for continued success and growth, while reinforcing its employee-centric culture and values.