January 21, 2019

Sterling electrical contractor bought by employees

Sterling-based electrical contractor D.M.H. Electrical Contractors has completed an employee stock ownership plan and is now 100-percent owned by the ESOP.

Atlantic Management Co. of Portsmouth, N.H. served as an independent appraiser to trustees of the ESOP, which was completed in October.

D.M.H. was founded in 1991 by David Hinckley and Timothy O'Toole and has grown from two employees to now more than 50.

CORRECTION: A previous version of this story incorrectly stated Atlantic Management acquired D.M.H. Electrical Contractors. Instead, Atlantic Management helped the D.M.H. employees acquire the company.


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