Feasibility Analysis

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.

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.

Succession Planning for Privately Held Companies

September 13, 2016

For a business owner, their company is their life’s work. They’ve spent years becoming an expert in their industry and strategizing for success. At some point, all owners find themselves in unfamiliar territory: designing a succession plan that will achieve their objectives. Whether the goal is generating liquidity to fund the next business venture or… Read more.

Why should I get my company valued?

July 8, 2014

It seems like a simple question but a valuation can be needed for a variety of reasons, including: 1. Considering a sale Business owners often have a sense of what their company is worth, but their analysis is limited solely to intuition. Selling a company is a once in a lifetime event and is no… Read more.

Succession planning for trucking companies: Part 1

July 1, 2014

In a post-recession economy, all business owners need to preemptively prepare their companies for ownership transition well before their retirement and understand the types of transactions that can facilitate a change in ownership.

Butcher Joseph Hayes Advises on Sale to ESOP

March 2, 2012

Butcher Joseph Hayes, specialists in ESOP transactions and other merger and acquisition related transactions, served as exclusive financial advisor to Kelly, Anderson and Associates, Inc. (KAA, Inc.) on its most recent sale to their Employee Stock Ownership Plan (ESOP). Kelly, Anderson and Associates is now 100% employee owned. This is the final-stage transaction that was part of a… Read more.

ESOP Tax-Deferred Rollover

February 27, 2012

If you’ve been following our blog, then you’ve probably seen our discussion of “What is an ESOP?,” as well as our at length detailing of the advantages of an ESOP. In our next few blog posts, we’re going to explore the benefits of the ESOP as they relate specifically to selling shareholders, the company and employees.… Read more.

Butcher Joseph Hayes serves as exclusive financial advisor in ESOP for The Spinx Company

February 17, 2012

On December 28, 2011 Stewart Spinks completed a partial sale of The Spinx Company to an ESOP (Employee Stock Ownership Plan) with advisement and structuring support from Butcher Joseph Hayes, a merchant banking company headquartered in St. Louis, Missouri. The Spinx Company owns and operates the Spinx Stores, a leading convenience store chain serving North and South… Read more.

Logistics / Freight Forwarding Company 100% Sale to an ESOP

October 24, 2011

Our client was a successful, privately held Third Party Logistics business with locations in a number of markets throughout the United States. The founder of the business, while still young, was starting the succession planning process, looking for liquidity and diversification from a financial perspective and also wanted to reward his employees for the work… Read more.

Global Manufacturing Company Sale of Minority Interest to ESOP

September 1, 2011

A leading family owned global manufacturer of consumer products sought to address divergent shareholder liquidity objectives while also retaining control for the founding family, rewarding key executives and maintaining a flexible capital structure. It was also key to management that the existing corporate culture be maintained. The company, because it had been considering an IPO,… Read more.

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