H&B Builders, a Phoenix-based construction company, has completed a sale of the company to its employees through an Employee Stock Ownership Plan (ESOP). Lazear Capital Partners (Lazear) proudly served as the exclusive financial advisor for the transaction.
H&B Builders joins the growing trend of ESOP-owned construction companies nationwide, where plans are carefully crafted to preserve company culture, maintain operational flexibility, and reward the teams that drive success.
“Transitioning to an ESOP empowers our team to build something bigger,” said Freddie Bracamonte, Arizona native and CEO of H&B Builders. “Now, they’re owners, leaders, and partners in the legacy we’re creating together, impacting communities throughout Arizona in which we live and work.”
Founded in 2017, H&B Builders has built a strong reputation as a minority-owned business delivering high-quality construction and renovation projects across multifamily, K-12, higher education, municipal, LIHTC, and senior housing sectors in Arizona.
Abran Villegas, managing director and Phoenix market leader at Lazear, emphasized the impact of the ESOP on both employees and Arizona communities. “The creation of employee-owners strengthens the culture and momentum that make H&B successful. It’s exciting to think about how their efforts will continue shaping communities for years to come.”
According to the National Center for Employee Ownership, construction ranks among the top industries adopting ESOPs, as companies seek ways to remain independent, retain skilled employees, and support local economic growth.
About H&B Builders
H&B Builders is a Phoenix-based general contractor specializing in the construction and renovation of multifamily, K-12, higher education, municipal, LIHTC, and senior housing projects across Arizona. Focused exclusively on local developments, H&B delivers high-quality, fast, and efficient work while keeping jobs and impact in the communities it serves.
About Lazear
Lazear is a premier middle-market advisory firm specializing in business ownership transitions nationwide. Headquartered in Columbus, OH, with a growing presence, the firm is dedicated to helping business owners maximize wealth and preserve legacies through customized exit strategies, including ESOPs and 1042 tax solutions, M&A, and capital formation.
To learn more, visit www.lazearcapital.com and follow Lazear on LinkedIn.
Media Contact
Katherine Koon
Marketing Director
kk@lazearcapital.com
614-502-1411
