ERW Site Solutions, headquartered in Fort Worth, Texas, has sold to its employees.
ERW Site Solutions specializes in engineered retaining wall construction, landscape and irrigation design, concrete foundation and hardscape construction and amenity center construction. ERW serves the multi-family, single-family residential, commercial and municipal construction markets in Texas.
Over the past five years, under the leadership of CEO Jack Matz, ERW has grown organically and through acquisitions. Key acquisitions include Ratliff Hardscape, Kaufman Concrete, and LandTec.
With the implementation of the ESOP, all shares of ERW Site Solutions and its subsidiaries—ERW (Retaining Walls), Ratliff (Hardscape), LandTec (Landscape, Irrigation and Maintenance), Kaufman (Concrete) and DesignBuild (Engineering) —are now owned by its employees.
“ERW has always been built on a foundation of teamwork, innovation, and excellence,” Matz says. “Leading this company through a period of growth has been a privilege, and I am proud to transition ownership to the employees who have driven our success. This move ensures that our continued growth strategy directly benefits those most responsible for it. As employee-owners, our team is invested in the future of ERW, creating alignment, motivation, and a sustainable competitive advantage.”
“This is an exciting milestone for our company and our employees," adds Randy O'Neal, president and chief operating officer. "Transitioning to an employee ownership model ensures that the people who have contributed to our success will directly benefit from it. We believe this move strengthens our culture, enhances our long-term stability, and empowers our team to drive continued growth.”
ButcherJoseph & Co. served as financial advisor. The transaction closed on October 31, 2024.
“It was an honor to work with the entire ERW Site Solutions team,” says Rick Hennessey, director at ButcherJoseph & Co. “From the first time we met, the management team articulated a clear vision and demonstrated a dedicated focus on executing their strategic plan. It was exciting to work with such a dynamic team and structure a transaction that supported their goals. This structure fosters a culture of collaboration, accountability, and shared success, positioning ERW for continued growth and stability.”