ESOP Services

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.

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.

Top reasons to consider an ESOP

June 2, 2017

In the lifecycle of every company, owners must face the question of ownership succession.

Craft Breweries and ESOPs: Leaving a Legacy

April 4, 2017

The Colorado General Assembly recently passed House Bill 1214 (as referenced in the Gazette) which encourages employee ownership of existing small businesses. The bill specifically provides financial assistance to businesses converting to employee ownership and also directs staff at the Colorado office of economic development to be educated on the benefits of employee ownership. Some… Read more.

ButcherJoseph & Co. Advises Helicopters, Inc. on Employee Buyout

March 7, 2017

ButcherJoseph & Co. (“ButcherJoseph”) served as the exclusive financial advisor to Helicopters, Inc. (“Helicopters” or the “Company”) on its sale to the Helicopters, Inc. Employee Stock Ownership Plan (“ESOP”). Headquartered in Cahokia, IL, the Company is the largest lessor of helicopters to the domestic electronic news gathering industry. Helicopters, Inc. founder Stephen Lieber commented, “Helicopters,… Read more.

ButcherJoseph & Co. Assists Superior Fabrication, Inc. in Its Sale to Tri-Point, a Portfolio Company of First Reserve

February 22, 2017

ButcherJoseph & Co. (“ButcherJoseph”) served as exclusive financial advisor to Superior Fabrication, Inc. (“Superior” or the “Company”) in its sale from the Superior Fabrication Employee Stock Ownership Plan (“ESOP”) to Tri-Point Oil & Gas Production Systems, LLC (“Tri-Point”). Tri-Point is a portfolio company of First Reserve, a leading global private equity and infrastructure investment firm… Read more.

Trucking Industry: Selling to an ESOP in Today’s Market

November 28, 2016

According to the American Trucking Associations (ATA), the trucking industry is already experiencing a significant shortage in drivers and will need to hire roughly 89,000 drivers annually over the next ten years. With a current deficit of 48,000 drivers and turnover rates fluctuating between 80 and 100 percent, the industry also anticipates a continued softening… Read more.

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