Atlanta, GA. – May 1, 2026 – BDO Capital Advisors, LLC (BDO Capital) is pleased to announce that The O’Connell Companies, Inc. (“Company”) has sold a majority stake to a newly formed Employee Stock Ownership Plan (ESOP). BDO Capital served as the exclusive financial advisor to the company and its stakeholders. This transaction further exemplifies BDO Capital’s experience in advising companies within the construction, property management and real estate development sectors. Justin Tu, Director, and Ryan Belden, Senior Associate, led the client engagement for BDO Capital.
The O’Connell Companies, Inc., established in 1879 and headquartered in Holyoke, Massachusetts, is a premier construction management and property development firm with a 147-year legacy of shaping the infrastructure built across the Northeast. The Company is comprised of five subsidiaries that entail a robust real estate portfolio of heavy civil & building construction projects, asset management services and diversified real estate assets. Employing over 300 employees across offices in Massachusetts, New York, Connecticut, and Florida, the Company’s mission is to create a transformative impact on their communities through the exceptional buildings, infrastructure, and relationships they construct.
