McCarthy News & Events

Ownership Culture Rockets McCarthy Building Companies Up 102 Spots to Number 10 on the Training Top 125


McCarthy Building Companies, Inc. one of the nation’s oldest and largest privately-held construction companies and a 100 percent employee-owned business, was honored last night with a 2012 Training Magazine Top 125 Award. The award was presented during the Training 2012 Conference & Expo in Atlanta, recognizing the top companies based on excellence in employer-sponsored training and development programs. For the second year in a row, McCarthy was honored with placement on the prestigious list, moving up 102 spots from 112th in 2011 to 10th in this year’s ranking.

“As an employee-owned company, it is our responsibility to help one another achieve our greatest potential,” explained McCarthy Chairman and CEO Mike Bolen. “And in our highly technical industry with little room for error we know we must meet the highest standards in construction quality and safety. When each of our 1,400 owners focuses on small incremental improvements, the impact is very powerful. Our comprehensive approach to training and development is a key part of this process. To be included once again among the Training Top 125 companies is an outstanding honor.”

Lorri Freifeld, editor-in-chief of Training magazine added, “The competition was fierce this year, and it was a very difficult task to choose the winners from the many excellent applications we received. Congratulations to the 2012 winners, who demonstrated their unwavering commitment to, passion for, and investment in training.”

Founded as a family owned business almost 150 years ago, McCarthy is one of the largest 100% employee-owned companies in America today. The firm has long fostered a culture dedicated to continuous improvement, and “Learning” represents one of McCarthy’s six company Core Values.

While a formal McCarthy Training Program had been in place for decades, McCarthy formally launched an entirely revamped training program in 2008 under McCarthy Build U®. Unusual in the construction industry and among best-in-class training programs outside of the construction industry, McCarthy Build U is a personalized approach to employee development. Through a comprehensive array of in person, online and self-directed training opportunities, employees are empowered to take control of their personal and professional development.

“McCarthy’s outstanding builders and industry professionals are among the best in the business,” noted McCarthy President and Chief Operating Officer Derek Glanvill. “Our intensive focus on developing best-in-class training enables us to attract and retain the best talent, execute complicated work with highly skilled labor and develop the leaders of tomorrow. For us, that’s what being employee-owned is all about.”

About the Training 125
Now in its 12th year, the Training Top 125 ranking is based on a variety of benchmarking statistics such as total training budget; percentage of payroll; number of training hours per employee program; goals, evaluation, measurement, and workplace surveys; hours of training per employee annually; and detailed formal programs. The ranking is determined by assessing a range of qualitative and quantitative factors, including financial investment in employee development, the scope of development programs, and how closely such development efforts are linked to business goals and objectives. More information about the 2012 Training Top 125 Award winners may be obtained online at

About McCarthy
McCarthy Building Companies, Inc. is one of the nation’s oldest and largest commercial builders. Committed to the construction of high performance buildings, the company provides general contracting, construction management, and design-build services for healthcare, educational, commercial, parking structures, science and technology facilities; office buildings; tenant interiors; mixed-use; bridges; and highways. Repeatedly honored as a Best Place to Work, McCarthy is a 100 percent employee-owned private company, or “S corporation employee stock ownership plan” (S ESOP). More information about the company is available online at