Meyer Najem goes to employee-owned model
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Construction company Meyer Najem, one of the fastest growing private companies in central Indiana, is transitioning its ownership over to its employees.
The Fishers-based company announced Tuesday its shift to an employee stock ownership plan.
“An ESOP approach allows even more incentive for our employees to stay and grow here,” said founder and CEO Anthony Najem said in a news release. “This transition supports our plans for strategic growth, ensuring we remain competitive and resilient in a rapidly changing market.”
The company said employee ownership will further empower its workforce and foster a culture of shared responsibility and success amid its rapidly growing business.
Meyer Najem ranked No. 5 this year in the Indianapolis Business Journal’s annual Fast 25 list of fastest growing private companies. From fiscal year 2021 to fiscal year to 2023 its revenue grew about 160% to $304 million, and its number of employees rose from 98 to 158.
“Starting as a Project Manager and Estimator in 1988, then on to becoming President and Partner, and now seeing our transition to an ESOP has been an incredible journey,” President Tim Russell said.
Meyer Najem was founded in 1987 by Anthony Najem and Karl Meyer. The company mostly focused on the health care industry but now also does work in the K-12 education, government, hospitality and multifamily sectors.
