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ButcherJoseph & Co. Advises Destinations by Design on Sale to Employees

December 5, 2018

ButcherJoseph & Co. (“ButcherJoseph”) served as the exclusive financial advisor to Destinations by Design (“DBD” or the “Company”), on its sale to The Destinations by Design, Inc. Employee Stock Ownership Plan and Trust (“ESOP”).Founded in 1990 and headquartered in Las Vegas, DBD is a leading provider of high-quality destination management and event services to the… Read more.

ButcherJoseph & Co. Advises Midwest Equipment Company on Sale to Employees

November 2, 2018

ButcherJoseph & Co. (“ButcherJoseph”) served as the exclusive financial advisor to Midwest Equipment Company (“Midwest” or the “Company”), on its sale to The Midwest Equipment Employee Stock Ownership Plan Trust (“ESOP”). Founded in 1993 and headquartered in St. Louis, Midwest is a leading commercial foodservice equipment distributor in Missouri, Kansas, Illinois and Arkansas. The transaction officially closed… Read more.

Main Street Employee Ownership Act Signed into Law

August 20, 2018

ButcherJoseph & Co. (“ButcherJoseph”) and Mosaic Capital Partners (“Mosaic”) proudly served as subject matter experts leading up to the enactment of the Main Street Employee Ownership Act (“the Act”), a bill that encourages lending to small businesses interested in converting to an Employee Stock Ownership Plan (“ESOP”) or a cooperative (“co-op”). The Act was included… Read more.

ButcherJoseph & Co. Advises Entech Sales and Service, Inc.

July 23, 2018

ButcherJoseph & Co. (“ButcherJoseph”) advised Entech Sales and Service, Inc. (“Entech” or the “Company”) on the optimization and recapitalization of the Company’s ownership structure, which includes an Employee Stock Ownership Plan (“ESOP”). Based in Dallas, Entech has more than 375 dedicated employees who provide services to commercial and industrial buildings in several key markets within… Read more.

Carter Smith Announced as Winner of the 9th Annual M&A Advisor Emerging Leaders Awards

July 12, 2018

ButcherJoseph & Co. (“ButcherJoseph”) is proud to announce that Carter Smith, Associate, was selected as a winner of The M&A Advisor Emerging Leaders Awards. Carter was chosen for his accomplishments and expertise in the industry from a pool of international nominees by an independent judging panel of distinguished business leaders. TheM&A Advisor, renowned globally for its… Read more.

What’s the durability of your ESOP? Consider These Three Indicators

May 3, 2018

As of March 2018, the National Center for Employee Ownership (NCEO) estimates that there are roughly 6,700 Employee Stock Ownership Plans (ESOPs) in the United States, with the vast majority created prior to 1997. Just like any other business, ESOP companies must identify value creation opportunities for equity shareholders. As ESOP companies mature, it’s important… Read more.

Is an ESOP right for my company?

April 24, 2018

Business owners who are interested in selling to an Employee Stock Ownership Plan (ESOP) should pursue an ESOP feasibility study with the following components: Analysis of sale alternatives Valuation analysis ESOP financing sources and terms Deal structure scenarios Post-transaction credit metrics Analysis of employee account balances and additional incentive plans for management Liquidity opportunity for… Read more.

ButcherJoseph & Co. Advises Mann Media Inc. on Sale to Employees

April 4, 2018

ButcherJoseph & Co. (“ButcherJoseph”) served as the exclusive financial advisor to Mann Media Inc., doing business as Our State magazine (“Our State” or the “Company”), on its sale to The Mann Media Inc. Employee Stock Ownership Plan (“ESOP”). Headquartered in Greensboro, NC, Our State is a monthly publication featuring travel and history articles and photographs… Read more.

ButcherJoseph & Co. Advised ESOP-owned HB McClure on Acquisition

April 1, 2018

ButcherJoseph & Co. (“ButcherJoseph”) served as the exclusive financial advisor to HB McClure Company (“HB McClure” or the “Company”) on its acquisition of Nash Plumbing and Mechanical, LLC (“Nash”). The transaction closed November 2017. Headquartered in Harrisburg, PA, HB McClure provides heating, cooling, plumbing, electrical, fuel oil, propane, emergency, and home comfort services to homeowners… Read more.

ButcherJoseph & Co. Advises Whitewood Industries on Employee Buyout

March 29, 2018

ButcherJoseph & Co. (“ButcherJoseph”) served as the exclusive financial advisor to Whitewood Industries (“Whitewood” or the “Company”) on its sale to The Whitewood Industries Employee Stock Ownership Plan (“ESOP”). The transaction officially closed December 2017. Headquartered in Thomasville, NC, the Company is a leading supplier of both finished and unfinished furniture throughout the United States.… Read more.

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