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Ownership Capital Lab

Employee ownership stories

Apex Underground

Apex Underground is a mid-sized business that provides residential sewer repair and water line replacement for the Denver Metro Area in Colorado. For 37 years, Apex Plumbing was family-owned and operated. In May, 2022, when the owner retired, he transitioned Apex Plumbing into an employee-owned business to further provide quality service while taking care of his employees. As a firm with an Employee Stock Ownership Plan (ESOP) that is 100% employee-owned, the company’s stock is allocated among employees through shares. Apex received financing and support from Apis & Heritage Capital Partners in its EO transition.