Moore Holding Company acquires Communication Network Engineering, Inc.
April 16, 2021
FARGO, N.D. - Moore Holding Company, a 100% employee owned holding company, announced today it acquired Communication Network Engineering, Inc. (CNE). Blake Griffin, PE, will remain CNE’s president. The Fargo-based company will retain its name, brand identity and current locations in Fargo and New London, Minn.
CNE employees will become part of the Moore Holding Company employee stock ownership plan (ESOP) upon eligibility, joining the employees of Moore Engineering, Inc., headquartered in West Fargo, N.D., and Holly Beck Surveying and Engineering in Bismarck, N.D.
Jeffry Volk, PE, and CEO of Moore Holding Company, said CNE, as a telecommunication engineering company, represents diversification for its family of companies. “CNE brings us into a whole new engineering specialty,” he said. “From a technical perspective, communication engineering and civil engineering have a lot in common, but they serve entirely different clients and markets. It’s a good fit for us because it meets our goals of expanding services and reaching into new markets. Most importantly, they're a strong, successful company with a culture that fits well in the employee ownership model.”
Griffin said the Moore Holding Company ESOP model was a great transition for the existing ownership group. “Some of our partners are moving toward retirement and it made sense for our organization to join an employee ownership group,” he said. “Moore Holding Company has the support services and resources to help us reach that next level of growth and strength.”
“Employee ownership makes a lot of sense for a growing company like CNE,” Volk said. “We’re excited to grow together far into the future.”
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Jeffry Volk, Moore Holding Co. CEO, confirmed to N.D. State Board of Higher Education
February 17, 2021
BISMARCK, N.D. - The North Dakota Senate today confirmed Jeffry Volk, CEO of Moore Holding Company, for a three-year term on the North Dakota State Board of Higher Education. Volk's term begins July 1, 2021.
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Moore Holding Company acquires Holly Beck Surveying and Engineering
July 1, 2020
BISMARCK, N.D. – Moore Holding Company, a 100% employee owned holding company, announced today it acquired Holly Beck Surveying and Engineering, Inc. Holly Beck will remain president of the company, which will retain its name and current location in Bismarck.
Holly Beck Surveying and Engineering employees will become part of the Moore Holding Company employee stock ownership plan (ESOP) upon eligibility, joining the employees of Moore Engineering, Inc., headquartered in West Fargo, N.D., and with additional North Dakota offices in Bismarck, Mandan, Minot and Williston.
Jeffry Volk, CEO of Moore Holding Company, said Holly Beck Surveying and Engineering is an ideal addition to its family of companies as it seeks to expand its employee ownership group and diversify its holdings. “Holly’s company is a great fit for us,” he said. “Their culture and values are very much in line with ours. Being an employee owned organization, those are the most important attributes for us. Does the company treat its clients and each other the way we do? With Holly as its leader, the answer was an obvious yes.”
For Holly Beck, joining the Moore Holding Company group provided several benefits that suited the company’s needs. “We’ve been interested in the ESOP model for quite some time,” she said, “and I’ve been considering a succession plan. Moore Holding Company covers both of those bases for me. The Moore group makes the employee ownership path easier and less costly for us. And it resolves our succession planning forever.”
The employee ownership culture was a natural fit for her company, according to Beck. “We’ve always prioritized our employees. The ESOP model will create the type of future for our employees that we strive to achieve. They are real owners, rewarded for our success and more prepared for retirement.”
According to the National Council for Employee Owners (NCEO), employee owned companies are not as influenced by downward business cycles, experience lower employee turnover and are more profitable.
“We’re thrilled to transition to an employee ownership model, and to be part of the Moore family of businesses,” said Beck. “It’s the beginning of a new era for our company and its new employee owners.”