ButcherJoseph & Co. received five finalist nominations for the 18th Annual M&A Advisors Awards: Debt Financing of the Year for the financing of Midwest Equipment Company and Destinations by Design (“DBD”), M&A Deal of the Year ($10MM-$25MM) for the Sale of Midwest Equipment Company to an Employee Stock Ownership Plan (ESOP), M&A Deal of the Year ($50MM-$75MM) for the Sale of DBD to an ESOP, and Professional Services Deal of the Year for the Sale of DBD.
The winners will be announced at the 18th Annual M&A Advisor Awards Gala on Tuesday, November 19 at the New York Athletic Club in New York.
“Founded in 1998, The M&A Advisor introduced the awards program in 2002, Since then, we have been recognizing our industry’s most notable dealmakers, firms, and transactions. Today’s geopolitical climate presents our industry professionals and the businesses they serve with unique challenges,” said Roger Aguinaldo, founder of The M&A Advisor. “This year’s finalists exemplify the fortitude, perseverance, and ingenuity required not only to get the deal done but to excel in the field of mergers and acquisitions. It is truly an honor for The M&A Advisor and for me, personally, to recognize the contributions of the 2019 award finalists.”
ButcherJoseph has six professionals who have been individually recognized by The M&A Advisor through its Emerging Leaders Awards: Senior Associate Paul Tychsen (2019), Vice President Robert Reavis (2018), Vice President Carter Smith (2017), Director of Business Development Rose Thompson (2016), Director David Lake (2015) and Managing Director Alberto del Pilar (2014).
About The M&A Advisor
The M&A Advisor was created in 1998 to offer insights and intelligence on M&A activities. Over the past 21 years we have established the premier global network for M&A, turnaround, and finance professionals. Today, we have the privilege of recognizing the achievement of, and facilitating connections between the industry’s top performers throughout the world with a comprehensive range of services.
About ButcherJoseph & Co.
ButcherJoseph & Co. is a boutique investment banking firm specializing in ESOPs, mergers and acquisitions, private capital sourcing and valuation advisory services for middle market companies. Our award-winning team of professionals has executed 200+ transactions exceeding $15 billion in total value. ButcherJoseph is headquartered in St. Louis with a presence in Chicago, Washington, DC, and Charlotte, NC.
ButcherJoseph & Co. 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.
Jorge Mata, Whitewood’s president and co-founder, shared, “Selling to an ESOP allows our employees to become financial participants in Whitewood’s continued success as they expand the Company’s profitability, operational efficiency, and emphasis on customer service. ButcherJoseph was a tremendous advisor to us and helped us design a very meaningful transaction. Becoming employee owned is an incredible milestone in our Company’s story.”
ButcherJoseph’s director of business development Rose Newport commented, “Whitewood was an exceptional candidate for an ESOP. The Company has a very strong track record of consistent performance and is well positioned for even greater success under the direction of its tenured management team. We focused our efforts on designing a durable structure that aligns all of the interests of Whitewood’s stakeholders while positioning the Company for long-term financial stability.”
Both of the Company’s co-founders Ron Feibel and Mata will remain in management positions with the now ESOP-owned Company.
About Whitewood Industries
Whitewood Industries (“Whitewood”) is a leading supplier of both finished and unfinished furniture throughout the United States. Founded in 1982, Whitewood continues to serve a broad customer base with its four divisions: Whitewood Ready to Finish (unfinished wood furniture); John Thomas Furniture (casual dining and custom finish programs); International Concepts (supplier to specialty retailers); and Custom Contract Furnishings (designer/manufacturer contract upholstery). Whitewood is based in Thomasville, NC, a neighboring city to High Point, NC, the city known and widely recognized as ‘the furniture capital of the world.’ Whitewood employs more than 300 North Carolinians throughout its five facilities totaling more than 578,000 square feet of operations.
About ButcherJoseph & Co.
ButcherJoseph & Co. (“ButcherJoseph”) is an investment bank headquartered in St. Louis with a presence in Chicago, Washington, DC, and Charlotte, NC. ButcherJoseph provides investment banking advisory services to middle market companies. With more than $7 billion in successfully completed Employee Stock Ownership Plan (“ESOP”) transactions, ButcherJoseph & Co. is known as a leader in the ESOP field.
- Preparing for a Sale: Four Key Financial Elements
- Patrick O’Neil Honored as Recipient of The M&A Advisor’s Emerging Leaders Awards
- Do You Know all Three Potential Buyer Types for Your Company?
- Potential Impact of Proposed Tax Legislation Changes on Business Owners
- ButcherJoseph Continues to Grow with the Addition of Four New Hires