#United States #Fort Worth #Employee Ownership #ESOP #Paragon Sports

Paragon Sports Constructors Transitions to Employee Ownership

Paragon Sports Constructors, headquartered in Fort Worth, Texas, has recently made a groundbreaking shift by becoming a 100% employee-owned company through an Employee Stock Ownership Plan (ESOP). With over 16 years of experience in sports construction, PSC is well-known for its work on synthetic turf fields, natural grass athletic fields, running tracks, and sports courts, providing design-build and turn-key services. The firm believes that its workforce is its strongest asset, and by granting them ownership, it aims to solidify its independence and continuous dedication to customer service.

William Chaffe, the president of Paragon Sports Constructors, expressed optimism about this transition, stating that while clients have purchased the PSC brand over the years, it was fundamentally about the people and culture behind it. He noted that the change ensures stability and protects the company’s legacy by allowing those who have contributed to PSC's success a stake in its future.

With this transition, PSC joins a community of approximately 6,300 companies across the United States that have also adopted the ESOP model, representing a collective of 10.7 million employee-owners. ESOPs provide significant retirement benefits, fostering wealth for employees; those involved in ESOP companies typically amass double the retirement savings compared to their counterparts in non-ESOP firms, as per the National Center for Employee Ownership.

Chaffe emphasized that by transitioning to employee ownership, the firm ensures that its success directly translates into financial benefits for its staff, thus building a more secure future for them and their families. Maintaining the current management structure ensures that day-to-day operations and company culture remain unchanged, which is essential for PSC’s mission to foster a supportive environment where employees can thrive in delivering exceptional service.

Paragon Sports Constructors intends to enhance employee engagement and motivation as they continue to prioritize quality work and integrity in every project. Chaffe concluded by expressing excitement about the opportunity to collaborate with his team of employee-owners in shaping the company’s future, stating, "As employee-owners, we will all share more closely in what we build together by continuing to provide quality workmanship and first-class customer service."

This transition marks a new chapter for Paragon Sports Constructors, reinforcing its dedication to both staff welfare and client satisfaction while fostering a culture of collaboration and long-term vision. As they continue to provide their services, existing and future clients can expect the same level of quality and commitment that has become synonymous with the PSC brand, along with a renewed vigor from its motivated employee-owners.

For those interested in more information about Paragon Sports Constructors, including their services and ongoing projects, they remain active on multiple social media platforms and invite the public to engage with them online.