Sep 16, 2021
Bob and Mike grew up right here in Lincoln, NE. They have been friends since junior high school. They came together shortly after graduating high school and formed Stephens & Smith Construction Co., Inc. in 1971. In the early days, they were considered builder then they focused on concrete flatwork...which then developed into concrete foundations, gypcrete, floor coatings, water-proofing and more.
Due to this expansion, it became apparent that if they wanted
to realize their company vision, they needed to create a method for
hiring and retaining highly motivated and talented employees.
A compensation system was devised that was uncommon to the
construction industry. They felt that to achieve the success that
they dreamed of, they needed to allow employees the ability to not
only make a good living, but also to allow for the sharing in the
profits and ownership of the company itself. This was accomplished
with the establishment of a company employee stock ownership plan,
or ESOP.
So now we can proudly say, Stephens and Smith Construction
Company truly has, “An Owner on Every Project”. The
management style by Bob Stephens and Mike Smith, transformed the
company from a relatively small Lincoln area concrete construction
company into an employee owned regional company that has been
ranked by Concrete Construction magazine as one of the top 100 most
successful concrete construction companies in the nation.
What began as two friends who decided to become business
partners in 1971, is now an organization currently with over 240
employee owners. I'm sure I can speak on their behalf as they would
say, "It has been a great ride"
Ladies and Gentleman, allow me to introduce, Mr. Bob Stephens
and Mr. Mike Smith.