TEPCON Construction Announces Transition to Employee Stock Ownership Plan (ESOP)
[Tempe, AZ] – TEPCON Construction is proud to announce its transition to an Employee Stock Ownership Plan (ESOP), reinforcing our commitment to innovation, excellence, and long-term sustainability. Effective January 1, 2025, TEPCON’s employees are now co-owners, ensuring a future built on shared success and accountability.
“This transition isn’t just about business—it’s about people,” said Tiffany Pennington, Vice President of TEPCON Construction. “We’ve always operated like a family, and becoming an ESOP solidifies that culture. By giving our employees ownership, we’re not just investing in the future of TEPCON—we’re investing in the individuals who make this company great.”
Richard Martinez, Chief Operating Officer, added: “What sets us apart is our ability to seamlessly manage both large-scale projects and fast-turnaround facility needs. This flexibility enables us to deliver the same level of dedication, expertise, and precision to clients of all sizes.”
As a trusted partner to Fortune 500 companies, national property management firms, and facility leaders, TEPCON specializes in construction solutions that ensure seamless operations. Our expertise in working within occupied environments allows us to execute projects with precision, speed, and minimal disruption—critical for organizations where downtime isn’t an option. Our in-house trades team covers electrical, framing, drywall, and painting, while our Lighting Services Division delivers advanced energy-efficient solutions.
TEPCON provides new construction, tenant improvements, and infrastructure upgrades to meet the evolving needs of commercial and industrial properties. From ground-up developments to customized interior build-outs, we create spaces that enhance functionality, aesthetics, and long-term value. To support strategic planning, we offer preconstruction services and capital expenditure budgeting assistance, helping clients make informed decisions that maximize investments and optimize efficiency.
At TEPCON, no project is too big or too small. Whether a minor facility upgrade or a large-scale construction endeavor, we bring the same level of precision, reliability, and excellence to every project.
Built on Core Values: Teamwork, Safety, and Respect
TEPCON’s success is driven by its core values. Teamwork fuels collaboration and efficiency, safety is embedded in every project, and respect defines our relationships with clients, partners, and employees. These principles guide our company, strengthen partnerships, and ensure we deliver outstanding results.
At TEPCON, we don’t just build projects—we future-proof facilities, enhance operational continuity, and help businesses thrive.
For more information, visit www.tepcon.com