Bill and Mike Wilson Create an ESOP

In 1994, soon after Darrell’s passing, his sons Bill and Mike purchased the company from their mother Sally, and renamed it D. Wilson Construction.

When Mike Wilson retired in 2000, the brothers decided to sell the company to its employees via an Employee Stock Ownership Program (ESOP). Effective October 1, 2000, D. Wilson Construction Company was owned by the D. Wilson Construction Company Employee Stock Ownership Plan. The brothers financed the plan on a 20-year note, selling 100% of the shares. The construction market boomed simultaneously, and the note was paid in full in only seven years.