Our story is built on a belief

We’re united in the vision that when employees are shareholders, their passion, drive, and focus permeate the organization. That when a family of companies with diverse backgrounds have shared core values and long-term vision, greater value is created for employees, clients and shareholders.

January

$3.6B Revenue

An employee ownership company is formed with Structure Tone management

April

80%

of management
are shareholders.

August

Govan Brown

Successful expansion into the Canadian market.

October

50%

of all employees are shareholders.

December

$4.5B Revenue

Relationships with international banking syndicate broadens access to capital markets.

January

First cash dividend declared. 

April

October

Ajax

Further diversification with expansion into Southern US and a focus on public and institutional clients.

December

$5B Revenue

Employees-Shareholders have greater than 20% return.

January

Cash dividend increases more than 10%. Cash position exceeds $400M.

February

Safety 360

Taking construction safety to the next level.

March

#14 ENR

STO Building Group ranks #14 in ENR’S Top 400 Contractors.

May

BCCI

Expansion into West Coast market.

June

$6B Revenue

STO Building Group formed to reflect family of companies

July

August

Strategic priority to further diversify STO Building Group across US and focus on expansion into Global Consulting Services.

December

Layton

Layton and STO Building Group merge to form largest privately held US builder.

January

$8.4B Revenue

Cash dividend increases more than 10%. Cash position exceeds $500M.  

May

Maintain staff through Covid environment; backlog exceeds $10B.

June

#7 ENR

STO Building Group ranks #7 in ENR’S Top 400 Contractors.

July

Shareholder’s returns exceeds 20% CAGR since founding.