Recapitalization

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.

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.

ButcherJoseph & Co. Announced as Finalist in Five Categories for the 15th Annual M&A Advisor Awards

September 21, 2016

ButcherJoseph & Co. (“ButcherJoseph”) was named a finalist of the 15th Annual M&A Advisor Awards in five categories: Boutique Investment Banking Firm of the Year, Professional Services (B-to-B) Deal of the Year for the Recapitalization of DAI Global, LLC, Equity Financing of the Year for the Recapitalization of DAI Global, LLC, Healthcare and Life Sciences… Read more.

ButcherJoseph & Co. Advises DAI Global, LLC

July 18, 2016

ButcherJoseph & Co. (“ButcherJoseph”) advised DAI Global, LLC (“DAI” or the “Company”) on the optimization and recapitalization of its Employee Stock Ownership Plan (“ESOP”). This transaction created a more inclusive form of employee ownership that will support DAI’s continued growth objectives in all economic conditions, and further strengthen the Company’s entrepreneurial spirit across a broader… Read more.

What is a leveraged recapitalization?

December 23, 2015

Recapitalizing a business can yield more liquidity and efficient capital.

The Ins and Outs of an ESOP Recapitalization

November 18, 2015

For many companies owned by a mature Employee Stock Ownership Plan (ESOP), their employee ownership is a source of pride, a central element of the company culture and a differentiator in the marketplace with clients. Maintaining employee ownership is a priority to the management team and to employees. Despite its importance to company culture, the… Read more.

When should an ESOP-owned company pursue a recapitalization?

November 11, 2015

According to the ESOP Association, approximately 10,000 U.S. companies have an Employee Stock Ownership Plan (“ESOP”) in place, and 4,000 of these companies are 100% ESOP-owned. ESOP-owned companies are well positioned for ongoing success, as demonstrated by statistics provided by the Employee Ownership Foundation’s most recent Annual Economic Performance Survey of ESOP-owned companies. An astounding… Read more.

The benefits of recapitalization for business owners

September 25, 2015

Recapitalization can provide benefits to owners looking to grow their business, expand into new markets or start planning their exit from the company.

Valuation considerations in a sale to an ESOP

March 10, 2014

Business owners interested in a liquidity transaction should give consideration to all available options, which typically include selling to a strategic buyer, a financial buyer, or an ESOP.

Transportation / Shipping Related Manufacturer Recapitalization

February 10, 2012

When one of our clients was diagnosed with a serious illness, he asked our firm to help structure a transaction that would allow him to accomplish several goals with respect to ownership transition. Among his key objectives were to maintain majority ownership of the business, which served the ocean shipping and transportation segment, within the… Read more.

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