Excel Construction of Florida Inc. has transitioned to an Employee Stock Ownership Plan, enabling employee ownership while enhancing its commitment to quality and innovation in the construction industry.

Target Information

Excel Construction of Florida Inc. (Excel), headquartered in Davie, Florida, is a renowned commercial general contractor. The company specializes in a diverse range of construction projects including industrial facilities, Class A office spaces, manufacturing plants, distribution centers, and retail environments throughout Florida. With a strong emphasis on building relationships and delivering exceptional quality, Excel has successfully completed over 1,400 projects, encompassing more than 2.8 million square feet of constructed space.

Recently, Excel underwent a significant transformation as it sold 100 percent of its stock to a newly established Employee Stock Ownership Plan (ESOP). This move not only secures the future of the company as an employee-owned entity but also aligns with Excel's values of fostering employee engagement and empowerment.

Industry Overview in Florida

The construction industry in Florida is a dynamic and vital sector, contributing substantially to the state’s economy. With continual population growth and urban development, Florida has seen a surge in demand f