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From $25M to $80M as an Employee-Owned ESOP Contractor: Ralph Dumke of Waterline Industries
What happens when a construction founder stands up in front of his whole company and tells everyone to shake hands with their new owner?
Ralph Dumke, founder and CEO of Waterline Industries, joins Chuck Mazzanti to share how the Seabrook, New Hampshire water and wastewater contractor became 100% employee-owned through an ESOP eight years ago. Since then, Waterline has grown from about $25 million to nearly $80 million in revenue, and a share of company stock has grown from $56 to $4,033, a gain of more than 7,000%.
Ralph started Waterline 39 years ago, 30 days after the 1987 stock market…
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