The people who build it now own it.
The ESOP trust holds 100% of ACP’s stock on behalf of our people. Employees who meet the plan’s requirements build a real ownership stake in the company they work for.
On July 24, 2026, ACP completed its transition to 100% employee ownership.
The basics
So what is an ESOP?
An ESOP is a qualified retirement plan — similar to a 401(k) in that it builds
toward your retirement, but different in one important way: the company
funds it, not you. Shares of ACP are placed into an account in your name,
and as the company grows, so does the value of that account.
$0
Cost to you — you never buy in
100%
Of ACP’s stock held by the
ESOP trust
2008
Founded in Boerne — still
headquartered here
What it means for you
What employee ownership means here.
The short version. Your plan documents have the full details, and HR will
walk you through your own situation.
You build a stake over time
Shares are placed into an account in your name, and that account becomes yours to keep as you build service with the company.
Its value moves with the company
An independent appraisal firm values ACP every year. When the company does well, the value of your account rises — and it can fall in a difficult year.
It’s there for your retirement
The ESOP is a retirement plan, so your account is paid out after you leave the company, under the rules set out in your plan documents.
It’s on top of your existing pay and benefits
Your wages, insurance, and time off are unchanged. Nothing you have today is being traded for this.
Why employee ownership works.
“Our employees are the backbone of ACP. This transition means the
people who build our success every day now share directly in it. It
secures our legacy, keeps our roots in Boerne, and gives our team a
real stake in the future of the water infrastructure this state
depends on.”
Jill Simpson, President & Chief Executive Officer
Steady as she goes
What doesn’t change.
Your leadership team
The same executive team continues to lead the company and its long-term growth.
Your job and your crew
Day-to-day operations, schedules, and how we run our jobsites are unchanged.
Our commitment to clients
Clients and partners get the same seamless collaboration and standards they always have.
Questions
Frequently asked.
Do I have to sign up or contribute anything?
No. There is nothing to enroll in and nothing to pay. Once you meet the plan’s
requirements you participate automatically.
Does this affect my 401(k)?
No. The 401(k) is a separate plan and it keeps running exactly as it does today. The
ESOP is in addition to it.
Will I be able to see what my account is worth?
Yes. ACP is appraised once a year, and after that valuation is complete you receive a
statement showing the shares in your account and their value.
Still have questions?
We’ll walk you through it.
Employees: your ESOP questions go to HR, or to your
supervisor — no question is too small.
Everyone else: reach us at 210-698-8714.